Individual Threshold Clause Samples
An Individual Threshold clause sets a minimum amount or value that must be reached before a party can make a claim or seek indemnification under a contract. In practice, this means that minor losses or damages below the specified threshold are not recoverable, and only claims exceeding this amount are considered. This clause helps prevent parties from pursuing trivial claims, thereby reducing administrative burdens and focusing attention on more significant issues.
Individual Threshold. Except with respect to Fundamental Representations for which there shall be no individual threshold, Seller shall not be liable for any individual claim for which the amount of damages or other payment to which Buyer or SHLX would otherwise be entitled is less than US$18,900 (excluding interest, costs and expenses).
Individual Threshold. There shall be no remedy for any individual Title Defect if the individual Defect Value is less than $1000.
Individual Threshold. There shall be liability of the Sellers only with respect to such claims which, individually (whereby several claims based on the same set of facts or origin are deemed to be one claim), exceed CHF 50'000 (fifty thousand Swiss Francs) each.
Individual Threshold. Except for Claims arising from fraud and/or deliberate misleading statements by the Sellers, the Sellers shall not be liable for breach of any of their obligations under this Agreement unless the amount involved in any breach individually exceeds [ * ].
Individual Threshold. Seller and its Affiliates shall have no liability to Buyer or any other Buyer Indemnified Party pursuant to Section 10.1 with respect to a particular breach or nonfulfillment of a representation, warranty, covenant, or agreement on the part of Seller or Affiliated Seller under this Agreement if the Losses resulting from such breach or nonfulfillment do not exceed a per item threshold of $25,000. For the avoidance of doubt, the individual threshold shall not apply to Losses associated with Known Litigation, Excluded Liabilities, MTLA Breaches or the W▇▇▇▇ Litigation. Additionally, this Section 10.4(a) shall not apply to Section 4.1(m)(iv), any Losses under Section 10.11 (taxes) or breaches of representations or warranties that constitute fraud.