Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock Indemnitee under Section 7.2 shall have any right to indemnification under Section 7.2(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock Indemnitees under Section 7.2(a) would exceed $100,000,000 (the “Deductible”). In the event that such Losses other than Minor Losses exceed the Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the Deductible shall not apply to any matters under Section 7.2(b) through (f).
Appears in 2 contracts
Samples: Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc), Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc)
Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock Indemnitee under Section 7.2 shall have any right to indemnification under Section 7.2(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock Indemnitees under Section 7.2(a) would exceed $100,000,000 (the “Deductible”). In the event that such Losses other than Minor Losses exceed the Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the Deductible shall not apply to any matters under Section 7.2(b) through (f).. Section 7.4
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Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock No MLIM Indemnitee under Section 7.2 7.5 shall have any right to indemnification under Section 7.2(a7.5(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock MLIM Indemnitees under Section 7.2(a7.5(a) would exceed $100,000,000 (the “"BlackRock Deductible”"). In the event that such Losses other than Minor Losses in excess of $100,000,000 exceed the BlackRock Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the BlackRock Deductible shall not apply to any matters under Section 7.2(bSections 7.5(b) through and (fc).
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Blackrock Inc /Ny)
Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock Indemnitee under Section 7.2 shall have any right to indemnification under Section 7.2(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock Indemnitees under Section 7.2(a) would exceed $100,000,000 (the “"Deductible”"). In the event that such Losses other than Minor Losses exceed the Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the Deductible 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)
Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock No MLIM Indemnitee under Section 7.2 7.5 shall have any right to indemnification under Section 7.2(a7.5(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock Indemnitees XXXX Xxxxxxxxxxx Table of Contents under Section 7.2(a7.5(a) would exceed $100,000,000 (the “BlackRock Deductible”). In the event that such Losses other than Minor Losses in excess of $100,000,000 exceed the BlackRock Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the BlackRock Deductible shall not apply to any matters under Section 7.2(bSections 7.5(b) through and (fc).
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc)
Minimum Losses. Except with respect to breaches of representations and warranties contained in the Specified Provisions and in Sections 3.21 and 3.24, no BlackRock No MLIM Indemnitee under Section 7.2 7.5 shall have any right to indemnification under Section 7.2(a7.5(a) except to the extent aggregate Losses other than Minor Losses incurred by all BlackRock MLIM Indemnitees under Section 7.2(a7.5(a) would exceed $100,000,000 (the “BlackRock Deductible”). In the event that such Losses other than Minor Losses in excess of $100,000,000 exceed the BlackRock Deductible, only such Losses other than Minor Losses in excess of $100,000,000 shall be recoverable in accordance with the terms hereof. For the avoidance of doubt, the BlackRock Deductible shall not apply to any matters under Section 7.2(bSections 7.5(b) through and (fc).
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Samples: Transaction Agreement and Plan of Merger (Merrill Lynch & Co Inc)