Common use of Certain Limitations and Other Matters Regarding Claims Clause in Contracts

Certain Limitations and Other Matters Regarding Claims. (a) Threshold on the Sellers’ Obligations. No Seller will have any obligation under Section 7.1(a) (or 7.1(h) to the extent incident to 7.1(a)), unless and until the aggregate amount of Losses for which the Sellers are obligated thereunder exceeds $125,000 (the “Threshold”), provided, however, that if such aggregate amount of Losses exceeds the Threshold, then the Sellers will be obligated for all of such Losses (including those equal to or less than the Threshold), subject to the other terms of this Article 7.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Midas Medici Group Holdings, Inc.), Asset Purchase Agreement (Datalink Corp)

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Certain Limitations and Other Matters Regarding Claims. (a) Threshold Deductible on the Sellers’ Obligations. No Seller The Sellers will not have any obligation under Section 7.1(a8.1(a)(1) (or 7.1(h) to the extent incident to 7.1(a)Section 8.1(b)(1), unless and until the aggregate amount of Losses for which the Sellers are obligated thereunder exceeds $125,000 500,000.00 (the “ThresholdDeductible”), provided, however, that if such aggregate and then only for the amount of Losses exceeds the Threshold, then the Sellers will be obligated for all of such Losses (including those equal to or less than in excess of the Threshold)Deductible, subject to the other terms of this Article 7ARTICLE 8.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (SPS Commerce Inc)

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Certain Limitations and Other Matters Regarding Claims. (a) Threshold on the Sellers’ Seller’s Obligations. No The Seller will not have any obligation under Section 7.1(a) (or 7.1(h7.1 (g) to the extent incident to 7.1(a)), unless and until the aggregate amount of Losses for which the Sellers are Seller is obligated thereunder exceeds $125,000 250,000.00 (the “Threshold”), ; provided, however, that if such aggregate amount of Losses exceeds the Threshold, then the Sellers Seller will be obligated for all of such Losses (including those equal to or less than the Threshold), subject to the other terms of this Article 7.

Appears in 1 contract

Samples: Asset Purchase Agreement (Iota Communications, Inc.)

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