Threshold on Indemnity Sample Clauses

Threshold on Indemnity. Notwithstanding the foregoing, no Party hereto shall be entitled to make any claim for indemnification pursuant to this Article 10 in respect of any Losses unless and until all such claims by such Party equal or exceed, in the aggregate, $500,000, (the “Threshold”) in which case the Party claiming indemnification shall be entitled to seek indemnification in the full amount of its aggregate claims. The maximum aggregate liability of (i) DMSL (including its successors and permitted assigns) arising out of any inaccuracy or breach of any representation or warranty or breach of any covenant of this Agreement and the Aircraft Purchase Agreement and GSBL pursuant to the indemnity obligations under the STB Share Purchase Agreement; or (ii) the Purchaser and MLA collectively (including their successors and assigns) arising out of any inaccuracy or breach of any representation or warranty or breach of any covenant of this Agreement and the Aircraft Purchase Agreement and MLA and the purchaser of the STB shares (including their successors and assigns) pursuant to the indemnity obligations under the STB Share Purchase Agreement other than Section 9.2, thereof, shall not exceed the amount of $275 million (the “Cap”). Notwithstanding the foregoing, the Threshold and the Cap shall not apply in respect of any Claims pursuant to Section 2.6, or under the Assumption Agreement, or pursuant to any payment, repayment or reimbursement obligation of any Party pursuant to this Agreement or any Closing Document, including without limitation, pursuant to Section 6.10 and any Claim thereunder shall arise from the first dollar. Similarly, notwithstanding the foregoing, the Threshold and the Cap shall not apply in respect of any Claims related to any Excluded Liability and any Claim related thereto shall arise from the first dollar.