Common use of Indemnification Cap Clause in Contracts

Indemnification Cap. No party can recover under paragraphs 12.1 or 12.2 an amount in excess of the principal amount of the cash (excluding accrued interest, the Merchandise Inventory Price and the Receivables Price) paid by the Buyer to the Seller pursuant to this Agreement and other documents executed in connection (the “Indemnification Cap”). The foregoing limitation shall not apply to recovery for breaches of the Representations and Warranties of Organization, Existence, Good Standing, Power and Authority, Enforceability, and Employee Benefit Plans.

Appears in 2 contracts

Samples: Pharmacy Purchase Agreement (Graymark Healthcare, Inc.), Pharmacy Purchase Agreement (Graymark Healthcare, Inc.)

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Indemnification Cap. No party can recover under paragraphs 12.1 7.1 or 12.2 7.2 an amount in excess of the principal amount of the cash Ten Thousand Dollars (excluding accrued interest, the Merchandise Inventory Price and the Receivables Price) paid by the Buyer to the Seller pursuant to this Agreement and other documents executed in connection (the “Indemnification Cap”$10,000). The foregoing limitation shall not apply to recovery for breaches of the Representations and Warranties of Organization, Existence, Good Standing, Power and Authority, and Enforceability, and Employee Benefit Plans.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (PayMeOn, Inc.), Membership Interest Purchase Agreement (PayMeOn, Inc.)

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