Minimum Losses. No party shall have any right to obtain -------------- indemnification under this Agreement until aggregate Losses of such party and its Affiliates and the successors and assigns of such party and its Affiliates exceed $3,000,000, after which time only the aggregate amount of such Losses in excess of $3,000,000 shall be recoverable in accordance with the terms hereof.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Commercial Federal Corp), Stock Purchase Agreement (Commercial Federal Corp)
Minimum Losses. No party Neither Party shall have any right to obtain -------------- indemnification under this Agreement Section until aggregate Losses of losses imposed on or incurred by such party Party and its Affiliates affiliates and the successors and assigns of such party Party and its Affiliates affiliates exceed $3,000,00050,000, after which time only the aggregate amount of such Losses losses in excess of $3,000,000 50,000 shall be recoverable in accordance with the terms hereofof this Section. This Section shall not apply to any claim under Section 9(b)(iii).
Appears in 1 contract
Samples: Asset Purchase Agreement (Pace Health Management Systems Inc)
Minimum Losses. No Except for Taxes or severance Liabilities subject to indemnification hereunder, no party shall have any right to obtain -------------- indemnification under this Agreement until aggregate Losses of such party and its Affiliates (for purposes of this section the Shareholders shall be deemed to be Affiliates) and the successors and assigns of such party and its Affiliates exceed $3,000,00050,000; after such time, after which time only the aggregate amount of such Losses in excess of $3,000,000 50,000 shall be recoverable in accordance with the terms hereof.
Appears in 1 contract
