Common use of Minimum Claims Clause in Contracts

Minimum Claims. (i) The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same facts or circumstances) where the liability agreed or determined (disregarding the provisions of this paragraph 2.2) in respect of any such claim or series of claims does not exceed US$1 million. (ii) Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 million, the liability of the Seller shall be the whole amount agreed or determined and not just the excess.

Appears in 2 contracts

Samples: Share Purchase Agreement (Hutchison Whampoa LTD /Wav), Share Purchase Agreement (Orascom Telecom Holding S.A.E.)

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Minimum Claims. (i) The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same identical facts or circumstances) under the Seller’s Warranties where the liability agreed or determined (disregarding the provisions of this paragraph 2.2) in respect of any such claim or series of claims does not exceed US$1 million. (ii) Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 milliondoes not exceed USD 250,000, provided that, if such limit is exceeded, the Seller’s liability of the Seller shall be the whole entire amount agreed or determined and not just the excessthereof.

Appears in 1 contract

Samples: Share and Business Sale Agreement (DSP Group Inc /De/)

Minimum Claims. (i) The Subject to any other limitations set out in this Agreement, the Seller shall not only be liable under or otherwise in connection with this Agreement in respect of any individual claim (claim, or a series of claims arising from substantially the same facts or circumstances) where facts, to the liability agreed or determined (disregarding the provisions of this paragraph 2.2) in respect of any such claim or series of claims does not exceed US$1 million. (ii) Where extent that the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 millionan amount equal to EUR 250,000 (two hundred fifty thousand euro), and then for the liability of the Seller shall be the whole full amount agreed or determined and not just only the excess, it being understood that this minimum claim threshold shall not apply to claims for specific performance or Tax or for the Claims Exceeding the Escrow.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Darling International Inc)

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Minimum Claims. (i) 9.2.1 The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same identical facts or circumstances) where the liability agreed or determined (disregarding the provisions of this paragraph 2.2Clause 9.2) in respect of any such claim or series of claims does not exceed US$1 millionHK$5,000,000. (ii) 9.2.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 millionHK$5,000,000, the liability of the Seller shall be for the whole amount agreed or determined of liability and not just only the excess.

Appears in 1 contract

Samples: Sale and Purchase Agreement (PCCW LTD)

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