Common use of Limits on Purchaser Indemnification Clause in Contracts

Limits on Purchaser Indemnification. (i) Purchaser shall not be required to provide indemnification under Section 10.3 unless and until the aggregate Loss for which one or more Seller Indemnitees seeks indemnification thereunder exceeds an aggregate of the Deductible Amount, in which event Purchaser shall be liable to indemnify the Seller Indemnitees for aggregate Loss, which exceeds the Deductible Amount.

Appears in 3 contracts

Samples: Asset Acquisition Agreement (Ravisent Technologies Inc), Asset Acquisition Agreement (Phoenix Technologies LTD), Asset Acquisition Agreement (Ravisent Technologies Inc)

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Limits on Purchaser Indemnification. (i) Purchaser shall not be required to provide indemnification under Section 10.3 unless and until the aggregate Loss for which one or more Seller Indemnitees seeks indemnification thereunder exceeds an aggregate of the Deductible Amounttwo hundred thousand dollars ($200,000), in which event Purchaser shall be liable to indemnify the Seller Indemnitees for aggregate Loss, Loss which exceeds the Deductible Amounttwo hundred thousand dollars ($200,000).

Appears in 1 contract

Samples: Asset Acquisition Agreement (Edify Corp)

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Limits on Purchaser Indemnification. (i) Purchaser shall not be required to provide indemnification under Section 10.3 unless and until the aggregate Loss for which one or more Seller Indemnitees seeks indemnification thereunder exceeds an aggregate of the Deductible Amountfive hundred thousand dollars ($500,000), in which event Purchaser shall be liable to indemnify the Seller Indemnitees for aggregate Loss, Loss which exceeds the Deductible Amountfive hundred thousand dollars ($500,000).

Appears in 1 contract

Samples: Asset Acquisition Agreement (Adaptec Inc)

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