Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party shall be entitled to make claims under Section 6.1 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,000. Nothing contained in this Section 6.3 shall be construed to limit the indemnification obligations afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 4 contracts
Samples: Preferred Stock Purchase Agreement (Marketing Specialists Corp), Preferred Stock Purchase Agreement (Marketing Specialists Corp), Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc)
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party shall be entitled to make claims under Section 6.1 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,0007,568,000. Nothing contained in this Section 6.3 shall be construed to limit the indemnification obligations of the Company afforded to any holder of Shares under the Registration Rights Agreement afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc), Preferred Stock Purchase Agreement (Marketing Specialists Corp)
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party shall be entitled to make claims under Section 6.1 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,0009,000,000. Nothing contained in this Section 6.3 shall be construed to limit the indemnification obligations afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Marketing Specialists Corp), Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc)
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party shall be entitled to make claims under Section 6.1 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,00012,397,000. Nothing contained in this Section 6.3 shall be construed to limit the indemnification obligations of the Company afforded to any holder of Shares under the Registration Rights Agreement afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc), Preferred Stock Purchase Agreement (Marketing Specialists Corp)
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party indemnified party shall be entitled to make claims under Section 6.1 6.01 hereof only to the extent that the aggregate amount of losses arising from such claims exceeds $100,000 but does not exceed $5,000,00017,000,000. Nothing contained in this Section 6.3 6.04 shall be construed to limit the indemnification obligations of the Company afforded to any holder of Shares under the Registration Rights Agreement or afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 1 contract
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party indemnified party shall be entitled to make claims under Section 6.1 5.01 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,000. Nothing contained in this Section 6.3 5.03 shall be construed to limit the indemnification obligations of the Company afforded to any holder of Shares under the Registration Rights Agreement or afforded to any director or officer of the Company under its organizational documents, state law or otherwise.
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Richmont Marketing Specialists Inc)
Indemnification Limitations. Notwithstanding the foregoing, the Indemnified Party shall be entitled to make claims under Section 6.1 5.01 hereof only to the extent that the aggregate amount of losses arising from such claims does not exceed $5,000,000. Nothing contained in this Section 6.3 5.03 shall be construed to limit the indemnification obligations of the Company afforded to any director holder of Shares under the Registration Rights Agreement or officer of the Company under its organizational documents, state law or otherwise.afforded
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Marketing Specialists Corp)