Indemnification Threshold. No Indemnification Demand shall be ------------------------- made under this Article IX until such time that the party making an Indemnification Demand believes, in good faith, that it has a claim or claims for indemnity totaling One Hundred Thousand Dollars ($100,000) or more, singly or in the aggregate, and no Indemnifying Party shall have any liability to an Indemnified Party until the damages to the Indemnified Party exceed a cumulative aggregate total of $100,000. Once cumulative aggregate damages exceed $100,000, the Indemnifying Party shall be liable for all damages to the Indemnified Party, including the first $100,000 of damages.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Eastern Environmental Services Inc), Stock Purchase Agreement (Eastern Environmental Services Inc)
Indemnification Threshold. No Indemnification Demand shall be ------------------------- made under this Article IX until such time that the party making an Indemnification Demand believes, in good faith, that it has a claim or claims for indemnity totaling One totalling Sixty-eight Thousand, Seven Hundred Thousand and Fifty Dollars ($100,00068,750) or more, singly or in the aggregate, and no Indemnifying Party shall have any liability to an Indemnified Party until the damages to the Indemnified Party exceed a cumulative aggregate total of $100,00068,750. Once cumulative aggregate damages exceed $100,00068,750, the Indemnifying Party shall be liable for all damages to the Indemnified Party, including the first $100,000 68,750 of damages.
Appears in 1 contract
Samples: Stock and Partnership Interest Purchase Agreement (Eastern Environmental Services Inc)
Indemnification Threshold. No Indemnification Demand shall be ------------------------- made under this Article IX until such time that the party making an Indemnification Demand believes, in good faith, that it has a claim or claims for indemnity totaling One Hundred Fifty Thousand Dollars ($100,00050,000) or more, singly or in the aggregate, and no Indemnifying Party shall have any liability to an Indemnified Party until the damages to the Indemnified Party exceed a cumulative aggregate total of Fifty Thousand Dollars ($100,00050,000). Once cumulative aggregate damages exceed Fifty Thousand Dollars ($100,00050,000), the Indemnifying Party shall be liable for all damages to the Indemnified Party, including the first Fifty Thousand Dollars ($100,000 50,000) of damages.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S Plastic Lumber Corp)
Indemnification Threshold. No Indemnification Demand ------------------------- shall be ------------------------- made under this Article IX until such time that the party making an Indemnification Demand believes, in good faith, that it has a claim or claims for indemnity totaling One Hundred Thousand Dollars ($100,000) or more, singly or in the aggregate, and no Indemnifying Party shall have any liability to an Indemnified Party until the damages to the Indemnified Party exceed a cumulative aggregate total of $100,000. Once cumulative aggregate damages exceed $100,000, the Indemnifying Party shall be liable for all damages to the Indemnified Party, including the first $100,000 of damages.
Appears in 1 contract
Samples: Merger Agreement (Eastern Environmental Services Inc)
Indemnification Threshold. No Indemnification Demand shall be ------------------------- made under this Article IX until such time that the party making an Indemnification Demand believes, in good faith, that it has a claim or claims for indemnity totaling One totalling Thirty-one Thousand Two Hundred Thousand and Fifty Dollars ($100,00031,250) or more, singly or in the aggregate, and no Indemnifying Party shall have any liability to an Indemnified Party until the damages to the Indemnified Party exceed a cumulative aggregate total of $100,00031,250. Once cumulative aggregate damages exceed $100,00031,250, the Indemnifying Party shall be liable for all damages to the Indemnified Party, including the first $100,000 31,250 of damages.
Appears in 1 contract
Samples: Stock Purchase Agreement (Eastern Environmental Services Inc)