Common use of Limitations on Claims and Liability Clause in Contracts

Limitations on Claims and Liability. Notwithstanding any provision of this Agreement to the contrary, no party shall have liability to indemnify the other and neither party may assert a claim for indemnification for damages suffered by it until and unless the party's claims for damages for which the other party is entitled to indemnification equal or exceed, in the aggregate, the sum of $10,000 (the "Damages Threshold"). Upon a party's cumulative claims for indemnification equaling the Damages Threshold, a party may assert claims for indemnification pursuant to Section 14.4 below for the full amount of such party's damages for which it is entitled to indemnification hereunder.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Biomedical Technology Solutions Holdings Inc), Agreement and Plan of Merger (XML Global Technologies Inc), Agreement and Plan of Merger (Skylynx Communications Inc)

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Limitations on Claims and Liability. Notwithstanding any provision of this Agreement to the contrary, no party shall have liability to indemnify the other and neither party may assert a claim for indemnification for damages suffered by it until and unless the party's ’s claims for damages for which the other party is entitled to indemnification equal or exceed, in the aggregate, the sum of $10,000 100,000 (the "Damages Threshold"). Upon a party's ’s cumulative claims for indemnification equaling the Damages Threshold, a party may assert claims for indemnification pursuant to Section 14.4 below for the full amount of such party's ’s damages for which it is entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vitro Biopharma, Inc.), Agreement and Plan of Exchange (Vitro Biopharma, Inc.)

Limitations on Claims and Liability. Notwithstanding any provision of this Agreement to the contrary, no party shall have liability to indemnify a party on the other side of this Agreement and neither no party may assert a claim for indemnification for damages suffered by it until and unless the such party's claims for damages for which the other party is entitled to indemnification equal or exceed, in the aggregate, the sum of $10,000 50,000 (the "Damages Threshold"). Upon a party's cumulative claims for indemnification equaling the Damages Threshold, a party may assert claims for indemnification pursuant to Section 14.4 below for the full amount of such party's damages for which it is entitled to indemnification hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Biomedical Technology Solutions Holdings Inc)

Limitations on Claims and Liability. Notwithstanding any provision of this Agreement to the contrary, no party shall have liability to indemnify a party on the other side of this Agreement and neither no party may assert a claim for indemnification for damages suffered by it until and unless the such party's claims for damages for which the other party is entitled to indemnification equal or exceed, in the aggregate, the sum of $10,000 (the "Damages Threshold"). Upon a party's cumulative claims for indemnification equaling the Damages Threshold, a party may assert claims for indemnification pursuant to Section 14.4 below for the full amount of such party's damages for which it is entitled to indemnification hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Onsource Corp)

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Limitations on Claims and Liability. Notwithstanding any provision of this Agreement to the contrary, no party shall have liability to indemnify a party on the other side of this Agreement and neither no party may assert a claim for indemnification for damages suffered by it until and unless the such party's ’s claims for damages for which the other party is entitled to indemnification equal or exceed, in the aggregate, the sum of $10,000 50,000 (the "Damages Threshold"). Upon a party's ’s cumulative claims for indemnification equaling the Damages Threshold, a party may assert claims for indemnification pursuant to Section 14.4 below for the full amount of such party's ’s damages for which it is entitled to indemnification hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MedClean Technologies, Inc.)

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