Common use of Minimum Losses Clause in Contracts

Minimum Losses. For purposes of this Section 8.2.2, Losses shall be calculated with respect to any inaccuracy or breach of any representation or warranty of any Shareholder contained herein or in any Shareholder Related Document without giving effect to any clause which would permit such inaccuracy or breach up to an amount which would be deemed a Company Material Adverse Effect. The Shareholders shall have no obligation under Section 8.2.1 until the aggregate amount of all such Losses equal or exceed $75,000 (whether or not resulting in a Company Material Adverse Effect), at which time the Shareholders shall be subject to the provisions of Section 8.2.1 with respect to all Losses of the Parent Indemnified Parties in excess of the first $75,000 of Losses.

Appears in 4 contracts

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc), Agreement and Plan of Exchange (Brightstar Information Technology Group Inc), Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

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Minimum Losses. For purposes of this Section 8.2.2, Losses shall be calculated with respect to any inaccuracy or breach of any representation or warranty of any Shareholder contained herein or in any Shareholder Related Document without giving effect to any clause which would permit such inaccuracy or breach up to an amount which would be deemed a Company or Purchaser Material Adverse Effect. The Shareholders Company and the Members shall have no obligation under Section 8.2.1 until the aggregate amount of all such Losses equal or exceed $75,000 (whether or not resulting any particular loss resulted in a Company Material Adverse Effect), at which time the Shareholders Company and the Members shall be subject to the provisions of Section 8.2.1 with respect to all any Losses of the Parent Purchaser Indemnified Parties in excess of above the first $75,000 of Lossesallowance.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

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Minimum Losses. For purposes of this Section 8.2.26.2.2, Losses shall be calculated with respect to any inaccuracy or breach of any representation or warranty of any Shareholder contained herein or in any Shareholder Related Document without giving effect to any clause which would permit such inaccuracy or breach up to an amount which would be deemed a Company Material Adverse Effect. The Shareholders shall have no obligation under Section 8.2.1 6.2.1 until the aggregate amount of all such Losses equal or exceed $75,000 25,000 (whether or not resulting in a Company Material Adverse Effect), at which time the Shareholders shall be subject to the provisions of Section 8.2.1 6.2.1 with respect to all Losses of the Parent Indemnified Parties in excess of the first $75,000 of LossesParties.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Group Maintenance America Corp)

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