Common use of Threshold Clause in Contracts

Threshold. Neither the Seller nor the Purchaser shall be required to make any indemnification payment pursuant to Section 8.1 or 8.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,000).

Appears in 5 contracts

Samples: Asset Purchase Agreement (SoftNet Technology Corp.), Asset Purchase Agreement (DLR Funding, Inc.), Asset Purchase Agreement (Internet Business International Inc)

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Threshold. Neither the Seller Sellers nor the Purchaser Purchasers shall be required to make any indemnification payment pursuant to Section 8.1 or 8.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,000).

Appears in 4 contracts

Samples: Asset Purchase Agreement (Ask Jeeves Inc), Asset Purchase Agreement (Ask Jeeves Inc), Asset Purchase Agreement (Digital Imaging Resources Inc.)

Threshold. Neither the Seller Sellers nor the Purchaser Purchasers shall be required to make -------------- any indemnification payment pursuant to Section 8.1 7.1 or 8.27.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,000).

Appears in 3 contracts

Samples: Asset Purchase Agreement (Internet Business International Inc), Asset Purchase Agreement (Internet Business International Inc), Asset Purchase Agreement (Kanakaris Wireless)

Threshold. Neither the Seller nor the Purchaser Buyer shall be required to make any indemnification payment pursuant to Section 8.1 11.1 or 8.211.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 15,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 15,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,00015,000).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Infe Human Resources Inc), Asset Purchase Agreement (Infe Human Resources Inc)

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Threshold. Neither the Seller nor the Purchaser Buyer shall be required to make any indemnification payment pursuant to Section 8.1 or 8.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 10,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 10,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,00010,000).

Appears in 1 contract

Samples: Asset Purchase Agreement (New York Health Care Inc)

Threshold. Neither the Seller nor the Purchaser Buyer shall be required to make any indemnification payment pursuant to Section 8.1 10.1 or 8.210.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 15,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 15,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,00015,000).

Appears in 1 contract

Samples: Asset Purchase Agreement (Strata Capital Corp)

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