Common use of Limitations on Indemnification for Breaches of Representations and Warranties Clause in Contracts

Limitations on Indemnification for Breaches of Representations and Warranties. (a) Neither the Sellers nor the Purchaser shall have any liability under Section 9.2(a)(i) or Section 9.2(b)(i) hereof unless the aggregate amount of Losses to the indemnified parties finally determined to arise thereunder based upon, attributable to or resulting from the inaccuracy of or the failure of any representation or warranty to be true and correct exceeds $10,000 (the “Basket”) and, in the event Losses exceed the amount of the Basket, the indemnifying party shall be required to pay the entire amount of all such Losses from the first dollar.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Apollo Medical Holdings, Inc.), Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

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Limitations on Indemnification for Breaches of Representations and Warranties. (a) Neither the Sellers Seller nor the Purchaser shall have any liability under Section 9.2(a)(i10.2(a)(i) or Section 9.2(b)(i10.2(b)(i) hereof unless the aggregate amount of Losses to the indemnified parties finally determined to arise thereunder based upon, attributable to or resulting from the inaccuracy of or the failure of any representation or warranty to be true and correct exceeds $10,000 20,000 (the “Basket”) and, in the event Losses exceed the amount of the Basket, the indemnifying party shall be required to pay the entire amount of all such Losses from the first dollar.

Appears in 1 contract

Samples: Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

Limitations on Indemnification for Breaches of Representations and Warranties. (a) Neither the Sellers Seller nor the Purchaser shall have any liability under Section 9.2(a)(i10.2(a)(i) or Section 9.2(b)(i10.2(b)(i) hereof unless the aggregate amount of Losses to the indemnified parties finally determined to arise thereunder based upon, attributable to or resulting from the inaccuracy of or the failure of any representation or warranty to be true and correct exceeds $10,000 5,000 (the “Basket”) and, in the event Losses exceed the amount of the Basket, the indemnifying party shall be required to pay the entire amount of all such Losses from the first dollar.

Appears in 1 contract

Samples: Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

Limitations on Indemnification for Breaches of Representations and Warranties. (a) Neither Subject to Section 8.3(c), neither the Sellers nor the Purchaser shall have any liability under Section 9.2(a)(iSections 8.2(a)(i) or Section 9.2(b)(i8.2(b)(i) hereof unless the aggregate amount of Losses to the indemnified parties finally determined to arise thereunder based upon, attributable to or resulting from the inaccuracy of or the failure of any representation or warranty to be true and correct exceeds $10,000 150,000 (the “Basket”) and, in the event Losses exceed the amount of the Basketsuch event, the indemnifying party Indemnifying Party shall only be required to pay the entire amount of all such Losses from in excess of the first dollarBasket.

Appears in 1 contract

Samples: Asset Purchase Agreement (Goodman Networks Inc)

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Limitations on Indemnification for Breaches of Representations and Warranties. (a) Neither the Sellers nor the Purchaser shall have any liability under Section 9.2(a)(i10.2(a)(i) or Section 9.2(b)(i10.2(b)(i) hereof unless the aggregate amount of Losses to the indemnified parties finally determined to arise thereunder based upon, attributable to or resulting from the inaccuracy of or the failure of any representation or warranty to be true and correct exceeds $10,000 (the “Basket”) and, in the event Losses exceed the amount of the Basket, the indemnifying party shall be required to pay the entire amount of all such Losses from the first dollar.

Appears in 1 contract

Samples: Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

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