Tipping Basket. The Company will not be liable for Losses that otherwise are indemnifiable under Section 4.8(a)(i) until the total of all Losses under Section 4.8(a)(i) incurred by all Purchasers exceeds $250,000, at which point the full amount of all Losses shall be recoverable.
Appears in 1 contract
Tipping Basket. The Except as provided otherwise in 4.8(c)(iii), the Company will not be liable for Losses losses that otherwise are indemnifiable under Section 4.8(a)(i4.8(a) until the total of all Losses losses under Section 4.8(a)(i4.8(a) incurred by all Purchasers a Purchaser Party exceeds $250,00050,000, at which point the full amount of all Losses such losses shall be recoverable.
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Samples: Securities Purchase Agreement (Citizens Community Bancorp Inc.)
Tipping Basket. The Company will not be liable for Losses that otherwise are indemnifiable under Section 4.8(a)(i4.7(a)(i) until the total of all Losses under Section 4.8(a)(i4.7(a)(i) incurred by all Purchasers exceeds $250,00050,000, at which point the full amount of all Losses shall be recoverable.
Appears in 1 contract
Samples: Stock Purchase Agreement (Southern States Bancshares, Inc.)
Tipping Basket. The Except as otherwise provided in Section 4.7(c)(iii), the Company will not be liable for Losses that otherwise are indemnifiable under Section 4.8(a)(i4.7(a)(i) until the total of all Losses under Section 4.8(a)(i4.7(a)(i) incurred by all Purchasers exceeds $250,00025,000, at which point the full amount of all Losses shall be recoverable.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bay Banks of Virginia Inc)
