De Minimis Amount. Notwithstanding the foregoing, no payment pursuant to this Section SECTION 3 shall be made unless the aggregate amount of payments required under this Section SECTION 3 exceeds $10,000.
De Minimis Amount. In order to avoid paying claims in situations where the cost of processing the claim exceeds the payment made, no claim will be paid to any claimant if the total payment to that claimant would be $10 or less; in such an event, the payment amount will revert back to the Net Settlement Fund.
De Minimis Amount. (i) SpecCo shall not be required to indemnify, defend and hold harmless the MatCo Indemnitees and the AgCo Indemnitees from and against any Indemnifiable Losses pursuant to Section 8.2 unless the aggregate amount of all such Indemnifiable Losses arising from a single claim or a series of related claims arising out of substantially similar facts, circumstances or occurrences exceeds $25,000 (the “De Minimis Amount”) (other than those subject to the Designated DDOB De Minimis Threshold, which shall be subject thereto but not the De Minimis Amount); provided, that in the event that the aggregate amount of Indemnifiable Losses which were not in excess of the De Minimis Amount exceed $10,000,000 (the “Section 8.13(c) Basket”) (other than those subject to the Designated DDOB De Minimis Threshold, which shall be subject thereto but not subject to, or included in any calculation with respect to, the Section 8.13(c) Basket), the De Minimis Amount shall no longer apply, after which SpecCo shall be obligated for all Indemnifiable Losses under Section 8.2 from the first dollar regardless of the Section 8.13(c) Basket.
(ii) MatCo shall not be required to indemnify, defend and hold harmless the SpecCo Indemnitees and the AgCo Indemnitees from and against any Indemnifiable Losses pursuant to Section 8.3 unless the aggregate amount of all such Indemnifiable Losses arising from a single claim or a series of related claims arising out of substantially similar facts, circumstances or occurrences exceeds the De Minimis Amount (other than those subject to the Designated DDOB De Minimis Threshold, which shall be subject thereto but not the De Minimis Amount); provided, that in the event that the aggregate amount of Indemnifiable Losses which were not in excess of the De Minimis Amount exceed the Section 8.13(c) Basket (other than those subject to the Designated DDOB De Minimis Threshold, which shall be subject thereto but not subject to, or included in any calculation with respect to, the Section 8.13(c) Basket), the De Minimis Amount shall no longer apply, after which MatCo shall be obligated for all Indemnifiable Losses under Section 8.3 from the first dollar regardless of the Section 8.13(c) Basket.
(iii) AgCo shall not be required to indemnify, defend and hold harmless the SpecCo Indemnitees and the MatCo Indemnitees from and against any Indemnifiable Losses pursuant to Section 8.4 unless the aggregate amount of all such Indemnifiable Losses arising from a single claim or a...
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De Minimis Amount. A Buyer Indemnified Party shall not be entitled to indemnification from the Seller Parties under Section 7.01(a) for breaches of the Non-Fundamental Representations for any individual item, or group of related or similar items, in each case, arising out of the same event or circumstance, where the Losses related thereto are less than $10,000 (the "De Minimis Amount"); provided, however, that if the Losses related thereto equal or exceed the De Minimis Amount, then the Buyer Indemnified Party shall be entitled to indemnification in full for all such Losses (subject to the other limitations set forth in this Article VII).
De Minimis Amount. In the event that a distribution on account of an ----------------- Allowed Claim is less than Fifty Dollars ($50.00), the Liquidating Trust need not make such de minimis distribution, but may accumulate such distributions and make a distribution to the claimant on a distribution date when the amount exceeds $50.00. If the amount of the final distribution is less than $50.00, then the Liquidation Agent shall make the distribution at that time.
De Minimis Amount. Neither the Seller nor the Shareholder, on the one hand, nor the Purchaser, on the other hand, shall be required to pay the first one hundred thousand dollars ($100,000.00) in the aggregate of indemnification pursuant to this Section 9 for any breach, inaccuracy or misrepresentation regarding any of the warranties or representations made by such party hereunder.
De Minimis Amount. Seller shall not be required to ----------------- indemnify, defend or hold Buyer harmless from or against any Liability for the breach of any representation, warranty, covenant obligation or agreement contained in this Agreement unless and until the amount of such Liabilities incurred by Buyer in the aggregate exceeds $25,000, and Seller shall then be obligated to indemnify only with respect to amounts which exceeds $25,000.
De Minimis Amount. Sellers shall not be obligated to indemnify pursuant to this Article IX for breaches of representations and warranties (but which limitation shall not apply to breaches of covenants and agreements) with respect to any particular single or individual claim or Loss to the extent that such particular single or individual claim or Loss resulting from such breach is less than the De Minimis Amount, as defined and set forth in Schedule VIII; provided that (i) if the amount of such particular single or individual claim or Loss equals or exceeds the De Minimis Amount, then Sellers shall be liable for all claims or Losses related thereto (subject to the other provisions of this Article IX) and (ii) in each case, any claim or Loss or series of claims or Losses arising out of or relating to the same, substantially similar or substantially related facts, circumstances, occurrences, transactions or conditions shall be aggregated and constitute one single or individual claim or Loss hereunder; provided, however, that the De Minimis Amount shall not apply in respect of, or otherwise count against or be reduced by (and Sellers shall be fully and solely liable without limitation for), all Excluded Claims.
De Minimis Amount. Stockholder shall not be required to ----------------- indemnify, defend or hold Merger Subsidiary and Eastwind harmless from or against any Liability for the breach of any representation, warranty, covenant obligation or agreement contained in this Agreement unless and until the amount of such Liabilities incurred by Merger Subsidiary and Eastwind in the aggregate exceeds $10,000, and Stockholder shall then be obligated to indemnify only with respect to amounts which exceeds $10,000.
