Limitation of Purchaser's Liability. (a) Notwithstanding anything to the contrary contained in this Agreement, the sole remedy of Compost for any breach or violation by Purchaser under this Agreement shall be limited to the rights of Compost under this Article X, and the aggregate liability of Purchaser for all events or occurrences giving rise to Purchaser being required to indemnify Seller Indemnified Parties pursuant to Section 10.2 shall be limited to $1,000,000. (b) Seller Indemnified Parties are entitled to indemnification pursuant to Section 10.2 only if the amount of any Indemnified Amount, individually or in the aggregate with all other Indemnified Amounts hereunder, exceeds Four Hundred Fifty Thousand Dollars ($450,000), and then only to the extent of such excess.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Synagro Technologies Inc), Stock Purchase Agreement (Compost America Holding Co Inc), Stock Purchase Agreement (Compost America Holding Co Inc)
