Limitations on Indemnity Obligations. (a) Neither Holder nor ONVC, respectively, shall have any liability (for indemnification or otherwise) to the Indemnified Persons with respect to any matters described in this Article 6 until the total amount of Damages attributable to Holder or ONVC, respectively, with respect to such matters exceeds $10,000 (the "Deductible"), and then only for the amount by which such Damages exceed the Deductible. (b) The maximum aggregate amount of Damages that Holder or ONVC, respectively, shall be obligated to pay to the Indemnified Persons under this Article 6 shall be limited to an amount equal to the value of the Consideration.
Appears in 2 contracts
Samples: Acquisition Agreement (Online Vacation Center Holdings Corp), Acquisition Agreement (Online Vacation Center Holdings Corp)
Limitations on Indemnity Obligations. (a) Neither Holder any of Holders nor ONVC, respectively, shall have any liability (for indemnification or otherwise) to the Indemnified Persons with respect to any matters described in this Article 6 until the total amount of Damages attributable to Holder Holders or ONVC, respectively, with respect to such matters exceeds $10,000 (the "Deductible"), and then only for the amount by which such Damages exceed the Deductible.
(b) The maximum aggregate amount of Damages that Holder any of Holders or ONVC, respectively, shall be obligated to pay to the Indemnified Persons under this Article 6 shall be limited to an amount equal to the value of the Consideration.
Appears in 1 contract
Samples: Acquisition Agreement (Online Vacation Center Holdings Corp)
Limitations on Indemnity Obligations. (a) Neither the Holder nor ONVC, respectively, shall have any liability (for indemnification or otherwise) to the Indemnified Persons with respect to any matters described in this Article 6 until the total amount of Damages attributable to the Holder or ONVC, respectively, with respect to such matters exceeds $10,000 (the "Deductible"), and then only for the amount by which such Damages exceed the Deductible.
(b) The maximum aggregate amount of Damages that the Holder or ONVC, respectively, shall be obligated to pay to the Indemnified Persons under this Article 6 shall be limited to an amount equal to the value of the Consideration.
Appears in 1 contract
Samples: Acquisition Agreement (Online Vacation Center Holdings Corp)
Limitations on Indemnity Obligations. (a) Neither Holder nor ONVC, respectively, shall have any liability (for indemnification or otherwise) to the Indemnified Persons with respect to any matters described in this Article 6 until the total amount of Damages attributable to Holder or ONVC, respectively, with respect to such matters 13 exceeds $10,000 (the "Deductible"), and then only for the amount by which such Damages exceed the Deductible.
(b) The maximum aggregate amount of Damages that Holder or ONVC, respectively, shall be obligated to pay to the Indemnified Persons under this Article 6 shall be limited to an amount equal to the value of the Consideration.
Appears in 1 contract
Samples: Acquisition Agreement (Online Vacation Center Holdings Corp)