Common use of De Minimis Claims Clause in Contracts

De Minimis Claims. 5.1 Subject to paragraph 5.4, VIP shall not be liable in respect of any HET Claim (other than a VIP Disclosure Warranty Claim, a VIP Indemnity Claim or a VIP Tax Non-Warranty Claim) unless the amount of damages to which HET would, but for this paragraph, be entitled as a result of that HET Claim is at least EUR10,000,000. 5.2 Subject to paragraph 5.4, VIP shall not be liable in respect of any VIP Disclosure Warranty Claim unless the amount of damages to which HET would, but for this paragraph, be entitled as a result of that VIP Disclosure Warranty Claim is at least EUR50,000,000. 5.3 Subject to paragraph 5.4, VIP shall not be liable in respect of any VIP Litigation Indemnity Claim unless the amount of damages to which HET would, but for this paragraph, be entitled as a result of that VIP Litigation Indemnity Claim is at least EUR15,000,000. 5.4 If more than one HET Claim arises from, or is caused by, the same or similar matters or circumstances and the aggregate amount of damages to which HET would be entitled as a result of those HET Claims is equal to or exceeds the sum specified in paragraph 5.1, 5.2 or 5.3 (as applicable), such paragraph shall not apply to any of those HET Claims.

De Minimis Claims. 5.1 Subject to paragraph 5.4, VIP HET shall not be liable in respect of any HET VIP Claim (other than a VIP HET Disclosure Warranty Claim, a VIP HET Indemnity Claim or a VIP HET Tax Non-Warranty Claim) unless the amount of damages to which HET VIP would, but for this paragraph, be entitled as a result of that HET VIP Claim is at least EUR10,000,000. 5.2 Subject to paragraph 5.4, VIP HET shall not be liable in respect of any VIP HET Disclosure Warranty Claim unless the amount of damages to which HET VIP would, but for this paragraph, be entitled as a result of that VIP Disclosure Warranty Claim is at least EUR50,000,000. 5.3 Subject to paragraph 5.4, VIP HET shall not be liable in respect of any VIP Litigation HET Indemnity Claim unless the amount of damages to which HET VIP would, but for this paragraph, be entitled as a result of that VIP Litigation HET Indemnity Claim is at least EUR15,000,000. 5.4 If more than one HET VIP Claim arises from, or is caused by, the same or similar matters or circumstances and the aggregate amount of damages to which HET VIP would be entitled as a result of those HET VIP Claims is equal to or exceeds the sum specified in paragraph 5.1, 5.2 or 5.3 (as applicable), such paragraph shall not apply to any of those HET VIP Claims.