Common use of Limitations Regarding Indemnification Clause in Contracts

Limitations Regarding Indemnification. (a) The aggregate liability of TETRA under Section 4.1(a) shall not exceed $5.0 million. (b) No claims may be made against TETRA for indemnification pursuant to Sections 4.1(a) or 4.2 unless the aggregate dollar amount of the Losses suffered or incurred by the Partnership Group exceeds $250,000, and thereafter TETRA shall be liable for the full amount of such Losses, subject to the limitations of Section 4.3(a). (c) Notwithstanding anything herein to the contrary, in no event shall TETRA have any indemnification obligations under Section 4.1(a) for claims made as a result of additions to or modifications after the Closing Date of Environmental Laws existing as of the Closing Date or new Environmental Laws promulgated after the Closing Date.

Appears in 4 contracts

Samples: Omnibus Agreement (Tetra Technologies Inc), Omnibus Agreement (Compressco Partners, L.P.), Omnibus Agreement (Compressco Partners, L.P.)

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Limitations Regarding Indemnification. (a) The aggregate liability of TETRA under Section 4.1(a3.1(a) shall not exceed $5.0 million. (b) No claims may be made against TETRA for indemnification pursuant to Sections 4.1(a3.1(a) or 4.2 3.2 unless the aggregate dollar amount of the Losses suffered or incurred by the Partnership Group exceeds $250,000, and thereafter after such time TETRA shall be liable for the full amount of such Lossesclaims, subject to the limitations of Section 4.3(a3.3(a). (c) Notwithstanding anything herein to the contrary, in no event shall TETRA have any indemnification obligations under Section 4.1(a3.1(a) for claims made as a result of additions to or modifications after the Closing Date of Environmental Laws existing as of the Closing Date or new Environmental Laws promulgated after the Closing Date.

Appears in 1 contract

Samples: Omnibus Agreement (Compressco Partners, L.P.)

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