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.

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.

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. (b) Notwithstanding any provision to the contrary in this Agreement, Sellers’ maximum aggregate liability for any Losses under this Article X and any other obligation under this Agreement shall not exceed $500,000.