Common use of Indemnification Limits and Restrictions Clause in Contracts

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller with respect to any indemnity claim under clause (i) of Section 6.1 with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Thousand Dollars ($20,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 6, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Welch Rory), Stock Purchase Agreement (iGambit, Inc.)

AutoNDA by SimpleDocs

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller with respect to any indemnity claim under clause (i) of Section 6.1 5.1 with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Thousand Dollars ($20,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 6, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 1 contract

Samples: Stock Purchase Agreement (iGambit, Inc.)

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller Shareholder with respect to any indemnity claim under clause (i) of Section 6.1 with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Five Thousand Dollars ($20,000.0025,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 6, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 1 contract

Samples: Stock Exchange Agreement (iGambit, Inc.)

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller or Shareholder with respect to any indemnity claim under clause (i) of Section 6.1 to with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Five Thousand Dollars ($20,000.005,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 6, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 1 contract

Samples: Asset and Stock Purchase Agreement (iGambit, Inc.)

AutoNDA by SimpleDocs

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller with respect to any indemnity claim under clause (i) of Section 6.1 8.2 with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Five Thousand Dollars ($20,000.005,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 68, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (iGambit, Inc.)

Indemnification Limits and Restrictions. (a) De Minimis. No indemnification shall be payable by Seller with respect to any indemnity claim under clause (i) of Section 6.1 with respect to any individual Loss (or series of related Losses arising out of the same or substantially similar circumstances) which is (or, for such a series, are in the aggregate) less than Twenty Thousand Dollars ($20,000.0025,000.00) (the “De Minimis Amount”); provided, however, that, in each case subject to the other terms of this Section 6, if such Loss (or Losses) exceeds the De Minimis Amount, then all of such indemnification shall be payable for the entire amount of such Loss (or Losses), including the portion that is less than the De Minimis Amount.

Appears in 1 contract

Samples: Asset Purchase Agreement (iGambit, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!