Tipping Basket. Except as provided otherwise in 4.8(c)(iii), the Company will not be liable for losses that otherwise are indemnifiable under Section 4.8(a) until the total of all losses under Section 4.8(a) incurred by a Purchaser Party exceeds $50,000, at which point the full amount of all such losses shall be recoverable.
Appears in 1 contract
Samples: Securities Purchase Agreement (Citizens Community Bancorp Inc.)
Tipping Basket. Except as otherwise provided otherwise in 4.8(c)(iiiSection 4.7(c)(iii), the Company will not be liable for losses Losses that otherwise are indemnifiable under Section 4.8(a4.7(a)(i) until the total of all losses Losses under Section 4.8(a4.7(a)(i) incurred by a Purchaser Party all Purchasers exceeds $50,00025,000, at which point the full amount of all such losses Losses shall be recoverable.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bay Banks of Virginia Inc)
Tipping Basket. Except as provided otherwise in 4.8(c)(iii), the The Company will not be liable for losses Losses that otherwise are indemnifiable under Section 4.8(a4.7(a)(i) until the total of all losses Losses under Section 4.8(a4.7(a)(i) incurred by a Purchaser Party all Purchasers exceeds $50,000, at which point the full amount of all such losses Losses shall be recoverable.
Appears in 1 contract
Samples: Stock Purchase Agreement (Southern States Bancshares, Inc.)
Tipping Basket. Except as provided otherwise in 4.8(c)(iii), the The Company will not be liable for losses Losses that otherwise are indemnifiable under Section 4.8(a4.8(a)(i) until the total of all losses Losses under Section 4.8(a4.8(a)(i) incurred by a Purchaser Party all Purchasers exceeds $50,000250,000, at which point the full amount of all such losses Losses shall be recoverable.
Appears in 1 contract
