Common use of Indemnification Deductible Clause in Contracts

Indemnification Deductible. Neither the Stockholders, on the one hand, nor Quanta, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a) or Section 8.2(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 shall not apply to fraudulent misrepresentations.

Appears in 2 contracts

Samples: Acquisition Agreement and Plan of Reorganization (Quanta Services Inc), Acquisition Agreement and Plan of Reorganization (Quanta Services Inc)

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Indemnification Deductible. Neither the Employee Stockholders, on the one hand, nor Quanta, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a) or Section 8.2(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000200,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

Indemnification Deductible. Neither the StockholdersStockholder, on the one hand, nor QuantaPalEx, Newco New Acme and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(aSECTION 7.1(A) or Section 8.2(aSECTION 7.2(A), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,00020,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 SECTION 7.4 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

Indemnification Deductible. Neither the Stockholders, on the one hand, nor QuantaU.S. Concrete, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a8.01(a) or Section 8.2(a8.02(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000100,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 8.05 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Us Concrete Inc)

Indemnification Deductible. Neither the Indemnifying Stockholders, on the one hand, nor QuantaPalEx, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(aSECTION 7.1(A) or Section 8.2(aSECTION 7.2(A), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000400,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 SECTION 7.4 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

Indemnification Deductible. Neither the StockholdersStockholder, on the one hand, nor Quanta, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a) or Section 8.2(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000600,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 8.5 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

Indemnification Deductible. Neither the Stockholders, on the one hand, nor QuantaU.S. Concrete, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a8.01(a) or Section 8.2(a8.02(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,00077,974. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 8.05 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Us Concrete Inc)

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Indemnification Deductible. Neither the Stockholders, on the one hand, nor Quanta, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a) or Section 8.2(a), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000284,000. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 8.5 shall not apply to fraudulent misrepresentations. 8.6.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

Indemnification Deductible. Neither the Stockholders, on the one hand, nor Quanta, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(a) 8.1 or Section 8.2(a)8.2, as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000400,000.00. Notwithstanding the foregoing, the limitations set forth in this Section 8.4 8.5 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Quanta Services Inc)

Indemnification Deductible. Neither the Stockholders, on the one hand, nor QuantaPalEx, Newco and the Surviving Corporation, on the other hand, shall be entitled to indemnification from the other under the provisions of Section 8.1(aSECTION 7.1(A) or Section 8.2(aSECTION 7.2(A), as the case may be, until such time as, and only to the extent that, the claims subject to indemnification by such other party exceed, in the aggregate, $325,000. 40,000 Notwithstanding the foregoing, the limitations set forth in this Section 8.4 SECTION 7.4 shall not apply to fraudulent misrepresentations.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

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