Limitations as to Amount. (a) Indemnitors shall have no liability with respect to the matters described in Section 10.1 (other than the agreements in Sections 3.2 and 3.4) until the total of all Losses with respect thereto exceeds $200,000 in which event Indemnitors shall be obligated to indemnify the Indemnitees as provided in this Article 10 for all such Losses; provided, however, that each individual claim of $10,000 or less shall not be indemnifiable, and shall not be includable in determining whether the $200,000 threshold has been reached.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (National Data Corp), Agreement and Plan of Merger (National Data Corp), Agreement and Plan of Merger (National Data Corp)
Limitations as to Amount. (a) Indemnitors shall have no ------------------------ liability with respect to the matters described in Section 10.1 (other than the agreements in Sections 3.2 and 3.4) until the total of all Losses with respect thereto exceeds $200,000 50,000, in which event Indemnitors shall be obligated to indemnify the Indemnitees as provided in this Article 10 for all such Losses; provided, however, that each individual claim of $10,000 or less . The Indemnitors shall not be indemnifiableliable for Losses relating to a claim for indemnification under (i) Section 10.1(a) or 10.1(b) in excess of the Escrow, and shall not be includable in determining whether the $200,000 threshold has been reached.as defined -45-
Appears in 1 contract
Samples: Agreement and Plan of Merger (Premiere Technologies Inc)
