Common use of Claims Basket Clause in Contracts

Claims Basket. The Acquiror Indemnified Parties shall only be entitled to indemnification pursuant to Section 12.2(a)(i) (other than for claims for breaches of Fundamental Representations) to the extent the aggregate amount of all Damages incurred by the Acquiror Indemnified Parties for which the Acquiror Indemnified Parties are entitled to indemnification pursuant to Section 12.2(a)(i) (other than for claims for breaches of Fundamental Representations) exceeds $2,300,000 (the “Basket Amount”), and once the aggregate amount of such Damages exceeds the Basket Amount, the Acquiror Indemnified Parties shall only be entitled to indemnification for such Damages to the extent such Damages exceed the Basket Amount. The Basket Amount shall not apply to any indemnification claims under Section 12.2(a)(ii), Section 12.2(a)(iii), Section 12.2(a)(iv) or Section 12.2(a)(v) or for claims for breaches of Fundamental Representations under Section 12.2(a)(i).

Claims Basket. The Acquiror Purchaser Indemnified Parties shall only be entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental Representations) to the extent the aggregate amount of all Damages incurred by the Acquiror Purchaser Indemnified Parties for which the Acquiror Purchaser Indemnified Parties are entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental Representations) exceeds $2,300,000 1,500,000 (the “Basket Amount”), and once the aggregate amount of such Damages exceeds the Basket Amount, the Acquiror Purchaser Indemnified Parties shall only be entitled to indemnification for such Damages to the extent such Damages exceed the Basket Amount. The Basket Amount shall not apply to any indemnification claims under Section 12.2(a)(ii11.2(a)(ii), Section 12.2(a)(iii11.2(a)(iii), Section 12.2(a)(iv) or Section 12.2(a)(v) 11.2(a)(iv), or for claims for breaches of Fundamental Representations under Section 12.2(a)(i11.2(a)(i).

Claims Basket. The Acquiror Indemnified Parties shall only be entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental Representations) to the extent the aggregate amount of all Damages incurred by the Acquiror Indemnified Parties for 52 which the Acquiror Indemnified Parties are entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental Representations) exceeds $2,300,000 an amount equal to 2% of the Purchase Price (the “Basket Amount”), and once the aggregate amount of such Damages exceeds the Basket Amount, the Acquiror Indemnified Parties shall only be entitled to indemnification for such Damages to the extent such Damages exceed the Basket Amountall Damages. The Basket Amount shall not apply to any indemnification claims under Section 12.2(a)(ii11.2(a)(ii), Section 12.2(a)(iii11.2(a)(iii), Section 12.2(a)(iv11.2(a)(iv), Section 11.2(a)(v) or Section 12.2(a)(v11.2(b) or for claims under Section 11.2(a)(i) for breaches of Fundamental Representations under or the representations and warranties in Section 12.2(a)(i4.14 (Taxes).

Claims Basket. The Acquiror Purchaser Indemnified Parties shall only be entitled to indemnification pursuant to Section 12.2(a)(i11.02(a)(i) (other than for claims for breaches of Fundamental Representations) to the extent the aggregate amount of all Damages incurred by the Acquiror Purchaser Indemnified Parties for which the Acquiror Purchaser Indemnified Parties are entitled to indemnification pursuant to Section 12.2(a)(i11.02(a)(i) (other than for claims for breaches of Fundamental Representations) exceeds $2,300,000 1,100,000 (the “Basket Amount”), and once the aggregate amount of such Damages exceeds the Basket Amount, the Acquiror Purchaser Indemnified Parties shall only be entitled to indemnification for such Damages to the extent such Damages exceed the Basket Amount. The Basket Amount shall not apply to any indemnification claims under Section 12.2(a)(ii), Section 12.2(a)(iii), Section 12.2(a)(iv11.02(a)(ii) or Section 12.2(a)(v) 11.02(a)(iii), or for claims for breaches of Fundamental Representations under Section 12.2(a)(i11.02(a)(i).

Claims Basket. The Acquiror Indemnified Parties shall only be entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental Representations) to the extent the aggregate amount of all Damages incurred by the Acquiror Indemnified Parties for which the Acquiror Indemnified Parties are entitled to indemnification pursuant to Section 12.2(a)(i11.2(a)(i) (other than for claims for breaches of Fundamental 57 Representations) exceeds $2,300,000 1,750,000 (the “Basket Amount”), and once the aggregate amount of such Damages exceeds the Basket Amount, the Acquiror Indemnified Parties shall only be entitled to indemnification for such Damages to the extent such Damages exceed the Basket Amount. The Basket Amount shall not apply to any indemnification claims under Section 12.2(a)(ii11.2(a)(ii), Section 12.2(a)(iii), Section 12.2(a)(iv11.2(a)(iii) or Section 12.2(a)(v) 11.2(a)(iv), or for claims for breaches of Fundamental Representations under Section 12.2(a)(i11.2(a)(i).