Threshold for Indemnity Claims. No indemnification payment obligation will arise under this Article VI unless and until the aggregate amount of Damages claimed by all Indemnified Parties under this Article VI exceeds $275,000 (the "Claim Threshold"); provided, however, that once the Claim Threshold is exceeded, all Damages of the Indemnified Parties, including the first $275,000 (in the aggregate) of Damages claimed by the Indemnified Partes, will be subject to the indemnity provisions of this Article VI.
Appears in 3 contracts
Samples: Agreement of Reorganization and Merger (Electro Scientific Industries Inc), Reorganization and Merger (Dynamotion Investment LLC), Agreement of Reorganization and Merger (Dynamotion/Ati Corp)
Threshold for Indemnity Claims. No indemnification payment obligation will arise under this Article VI unless and until the aggregate amount of Damages claimed by all Indemnified Parties under this Article VI exceeds $275,000 100,000 (the "Claim Threshold"); provided, however, that once the Claim Threshold is exceeded, all Damages of the Indemnified Parties, including the first $275,000 100,000 (in the aggregate) of Damages claimed by the Indemnified Partes, will be subject to the indemnity provisions of this Article VI.
Appears in 1 contract
