Common use of Limits on Seller Indemnification Clause in Contracts

Limits on Seller Indemnification. (i) Seller shall not be required to provide indemnification under Section 10.2 unless and until the aggregate Loss for which one or more Purchaser Indemnitees seeks indemnification thereunder exceeds an aggregate of two hundred thousand dollars ($200,000), in which event Seller shall be liable to indemnify the Purchaser Indemnitees for aggregate Loss which exceeds two hundred thousand dollars ($200,000).

Appears in 1 contract

Samples: Asset Acquisition Agreement (Edify Corp)

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Limits on Seller Indemnification. (i) Seller shall not be required to provide indemnification under Section 10.2 unless and until the aggregate Loss for which one or more Purchaser Indemnitees seeks indemnification thereunder exceeds an aggregate of two hundred thousand dollars Seventy-Five Thousand Dollars ($200,00075,000) (the "Deductible Amount"), in which event Seller shall be liable to indemnify the Purchaser Indemnitees for aggregate Loss which exceeds two hundred thousand dollars ($200,000)the Deductible Amount.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Phoenix Technologies LTD)

Limits on Seller Indemnification. (i) Seller shall not be required to provide indemnification under Section 10.2 unless and until the aggregate Loss for which one or more Purchaser Indemnitees seeks indemnification thereunder exceeds an aggregate of two five hundred thousand dollars ($200,000500,000), in which event Seller shall be liable to indemnify the Purchaser Indemnitees for aggregate Loss which exceeds two five hundred thousand dollars ($200,000500,000).

Appears in 1 contract

Samples: Asset Acquisition Agreement (Adaptec Inc)

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Limits on Seller Indemnification. (i) Seller shall not be required to provide indemnification under Section 10.2 unless and until the aggregate Loss for which one or more Purchaser Indemnitees seeks indemnification thereunder exceeds an aggregate of two hundred thousand dollars Seventy- Five Thousand Dollars ($200,00075,000) (the "Deductible Amount"), in which event Seller shall be liable to indemnify the Purchaser Indemnitees for aggregate Loss which exceeds two hundred thousand dollars ($200,000)the Deductible Amount.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Ravisent Technologies Inc)

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