Common use of Limitations and General Indemnification Provisions Clause in Contracts

Limitations and General Indemnification Provisions. (a) Except for Fraud Claims against a Target Company, the maximum aggregate amount of indemnification payments which the Indemnifying Parties will be obligated to pay in the aggregate under Section 6.2 shall not exceed an amount equal to the value of the Escrow Shares in the Escrow Account at the Purchaser Share Price, plus the other Escrow Property.

Appears in 2 contracts

Samples: Merger Agreement (Borqs Technologies, Inc.), Merger Agreement (Pacific Special Acquisition Corp.)

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Limitations and General Indemnification Provisions. (a) Except for in the case of Fraud Claims against by a Target Group Company, the maximum aggregate amount of indemnification payments which the Indemnifying Parties will be obligated to pay in the aggregate under Section 6.2 10.01 shall not exceed an amount equal to the value of the Escrow Shares in the Escrow Account (valued at the Purchaser applicable Parent Share Price, plus the other Escrow Property).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bison Capital Acquisition Corp.)

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Limitations and General Indemnification Provisions. (a) Except for Fraud Claims against a Target Company, the 8.2.1 The maximum aggregate amount of indemnification payments to which the Indemnifying Parties will be obligated to pay in the aggregate under Section 6.2 (excluding Fraud Claims and Control Claims (as defined herein)) shall not exceed the amount of the Escrow Property in the Escrow Account at such time, and in the case of Fraud Claims and Control Claims, shall not exceed an amount equal to the value of Common Exchange Shares actually paid by Avalon to the Escrow Shares in the Escrow Account at the Purchaser Share Price, plus the other Escrow PropertySen Lang Shareholders.

Appears in 1 contract

Samples: Share Purchase Agreement (Avalon GloboCare Corp.)

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