Common use of Limitations on and Threshold for Indemnification Clause in Contracts

Limitations on and Threshold for Indemnification. (a) No ZML REIT shall be liable under Sections 3.1 or 6.3 hereof unless and until the aggregate amount recoverable from Indemnifying Parties under the indemnification provisions set forth in Section 6.3 exceeds $250,000 provided, however, that once the total amount recoverable from Indemnifying Parties exceeds $250,000 in the aggregate, the ZML REIT's obligation under Section 6.3 shall be for the full amount of such obligation.

Appears in 4 contracts

Samples: Merger Agreement (Equity Office Properties Trust), Merger Agreement (Equity Office Properties Trust), Merger Agreement (Equity Office Properties Trust)

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