Common use of Limitation Regarding Indemnification Clause in Contracts

Limitation Regarding Indemnification. The aggregate liability of Seadrill under Section 6.1(a) above shall not exceed $10,000,000. Furthermore, no claim may be made against Seadrill for indemnification pursuant to Section 6.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case Seadrill shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.

Appears in 5 contracts

Samples: Omnibus Agreement, Omnibus Agreement (Seadrill LTD), Omnibus Agreement (Seadrill Partners LLC)

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