Common use of Limitations on Reimbursement Clause in Contracts

Limitations on Reimbursement. (a) The Buyer Indemnitees shall not be entitled to indemnification pursuant to Section 2.1 unless and until aggregate Buyer Indemnitees' Damages for which indemnification otherwise would be available under Section 2.1 exceed $172,727 (the "Indemnification Basket"), in which event the Buyer Indemnitees

Appears in 1 contract

Samples: Asset Purchase Agreement (Chancellor Media Corp of Los Angeles)

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Limitations on Reimbursement. (a) The Buyer Indemnitees shall not be entitled to indemnification pursuant to Section 2.1 hereunder unless and until aggregate Buyer Indemnitees' Damages for which indemnification otherwise would be available under Section 2.1 hereunder exceed $172,727 63,636 (the "Indemnification Basket"), in which event the Buyer IndemniteesIndemnitees shall be entitled to reimbursement hereunder for the amount of all such Damages (including the initial $63,636).

Appears in 1 contract

Samples: Stock Purchase Agreement (Chancellor Media Corp of Los Angeles)

Limitations on Reimbursement. (a) The Buyer Indemnitees shall not be entitled to indemnification pursuant to Section 2.1 unless and until aggregate Buyer Indemnitees' Damages for which indemnification otherwise would be available under Section 2.1 exceed $172,727 170,455 (the "Indemnification Basket"), in which event the Buyer IndemniteesIndemnitees shall be entitled to reimbursement hereunder for the amount of all such Damages (including the initial $170,455).

Appears in 1 contract

Samples: Asset Purchase Agreement (Chancellor Media Corp of Los Angeles)

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Limitations on Reimbursement. (a) The Buyer Indemnitees shall not be entitled to indemnification pursuant to Section 2.1 hereunder, unless and until aggregate Buyer Indemnitees' Damages for which indemnification otherwise would be available under Section 2.1 hereunder exceed $172,727 93,187 (the "Indemnification Basket"), in which event the Buyer IndemniteesIndemnitees shall be entitled to reimbursement hereunder for the amount of all such Damages (including the initial $93,187).

Appears in 1 contract

Samples: Stock Purchase Agreement (Chancellor Media Corp of Los Angeles)

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