Limitations on Amount -- Cyberworks and the Shareholder Sample Clauses

Limitations on Amount -- Cyberworks and the Shareholder. Cyberworks and the Shareholder will have no liability (for indemnification or otherwise) under Section 11.1 until the total of all amounts that would be subject to claims for indemnification with respect to such matters exceeds $50,000, in which event Cyberworks and the Shareholder shall be jointly and severally liable only to the extent such amount exceeds $50,000. However, this Section will not apply in the case of fraud or misrepresentation or an intentional breach of or default under any provision of this Agreement on the part of Cyberworks or the Shareholder.
AutoNDA by SimpleDocs

Related to Limitations on Amount -- Cyberworks and the Shareholder

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!