Common use of Maximum Indemnification Clause in Contracts

Maximum Indemnification. Notwithstanding anything in this Agreement to the contrary (other than the proviso to section 7.9), in no event shall MLIM Parent be obligated to provide indemnification payments pursuant to Section 7.2(a) exceeding, in the aggregate, an amount (the “Cap”) equal to $1,600,000,000; provided, however, that such limitation on indemnification shall not Table of Contents

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger

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Maximum Indemnification. Notwithstanding anything in this Agreement to the contrary (other than the proviso to section 7.9), in no event shall MLIM Parent be obligated to provide indemnification payments pursuant to Section 7.2(a) exceeding, in the aggregate, an amount (the “Cap”) equal to $1,600,000,000; provided, however, that such limitation on indemnification shall not Table of ContentsContents apply with respect to a breach of any representation or warranty contained in the Specified Provisions and in Sections 3.21 and 3.24. For the avoidance of doubt, the Cap shall not apply to any matters under Section 7.2(b) through (f).

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc)

Maximum Indemnification. Notwithstanding anything in this Agreement to the contrary (other than the proviso to section 7.9), in no event shall MLIM Parent be obligated to provide indemnification payments pursuant to Section 7.2(a) exceeding, in the aggregate, an amount (the “Cap”) equal to $1,600,000,000; provided, however, that such limitation on indemnification shall not Table apply with respect to a breach of Contentsany representation or warranty contained in the Specified Provisions and in Sections 3.21 and 3.24. For the avoidance of doubt, the Cap shall not apply to any matters under Section 7.2(b) through (f).

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc)

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Maximum Indemnification. Notwithstanding anything in this Agreement to the contrary (other than the proviso to section 7.9), in no event shall MLIM Parent be obligated to provide indemnification payments pursuant to Section 7.2(a) exceeding, in the aggregate, an amount (the "Cap") equal to $1,600,000,000; provided, however, that such limitation on indemnification shall not Table apply with respect to a breach of Contentsany representation or warranty contained in the Specified Provisions and in Sections 3.21 and 3.24. For the avoidance of doubt, the Cap shall not apply to any matters under Section 7.2(b) through (f).

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger (Blackrock Inc /Ny)

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