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Common use of Minimum Claims Clause in Contracts

Minimum Claims. 10.2.1 The Seller shall not be liable under this Agreement for breach of any Seller’s Warranty in respect of any individual claim (or a series of claims arising from similar or identical facts or circumstances) where the liability agreed or determined (disregarding the provisions of this Clause 10.2) in respect of any such claim or series of claims does not exceed 0.1 per cent of the Headline Amount. 10.2.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds 0.1 per cent. of the Headline Amount, the liability of the Seller shall be for the whole amount of such claim(s) and not just the excess.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Glaxosmithkline PLC), Sale and Purchase Agreement (Novartis Ag), Sale and Purchase Agreement (Novartis Ag)

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Minimum Claims. 10.2.1 11.2.1 The Seller shall not be liable under this Agreement for breach of any Seller’s Warranty in respect of any individual claim (or a series of claims arising from similar or substantially identical facts or circumstances) under or in respect of the Seller’s Warranties (other than the Fundamental Warranties) where the liability agreed or determined (disregarding the provisions of this Clause 10.2) in respect of for any such claim or series of claims does not exceed 0.1 per cent of the Headline Amount£100,000. 10.2.2 11.2.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds 0.1 per cent. under or in respect of the Headline AmountSeller’s Warranties (other than the Fundamental Warranties) exceeds £100,000, the liability of the Seller shall be for the whole amount of such claim(s) and not just limited to the amount of the excess.

Appears in 2 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement (TerraForm Power, Inc.)

Minimum Claims. 10.2.1 10.3.1 The Seller shall not be liable under this Agreement or any Local Transfer Document for breach of any Seller’s Warranty in respect of any individual claim (or a series of claims arising from similar or identical facts or circumstances) where the liability agreed or determined (disregarding the provisions of this Clause 10.210.3) in respect of any such claim or series of claims does not exceed 0.1 per cent cent. of the Headline AmountPurchase Price. 10.2.2 10.3.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds 0.1 per cent. of the Headline AmountPurchase Price, the liability of the Seller shall be liable for the whole amount of such claim(s) the claim or series of claims as agreed or determined and not just the excess.

Appears in 1 contract

Samples: Share and Business Sale Agreement (Novartis Ag)

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Minimum Claims. 10.2.1 The Seller Sellers shall not be liable under this Agreement for breach of any Seller’s Sellers’ Warranty in respect of any individual claim (or a series of claims arising from similar or substantially identical facts or circumstances) where the liability agreed or determined (disregarding the provisions of this Clause 10.2) in respect of any such claim or series of claims does not exceed 0.1 per cent of the Headline Amount£500,000. 10.2.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds 0.1 per cent. £500,000, the Sellers shall be liable for the amount of the Headline Amount, the liability claim or series of the Seller shall be for the whole amount of such claim(s) claims as agreed or determined and not just merely for the excess.

Appears in 1 contract

Samples: Share Purchase Agreement (Intercontinental Hotels Group PLC /New/)

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