Aggregate Indemnity Cap definition

Aggregate Indemnity Cap shall have the meaning specified in Section 9.2(b)(v).
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Aggregate Indemnity Cap means $16,900,000.
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Aggregate Indemnity Cap. An amount equal to one-half of the Purchase Price, this is the maximum amount of Harvard Indemnified Loss or Buyer Indemnified Loss, as the case may be, which may be claimed by Harvard, MATEP, or CMC or by Buyer or MATEP LLC respectively, in connection with this Agreement.
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Examples of Aggregate Indemnity Cap in a sentence

  • For claims for indemnity with respect to which the Indemnity Threshold applies, such claim shall be deemed to have been made (subject to the application of the Indemnity Threshold, the Indemnity Deductible, the 10.2(a) Indemnity Cap and the Aggregate Indemnity Cap) upon the indemnified person’s providing an initial notice for a claim of indemnity to the indemnifying party stating that the claim underlying such claim for indemnity could reasonably be expected to exceed the Indemnity Threshold.

  • Solely for purposes of determining whether the Buyer Indemnified Losses exceed the Three Million Dollar Basket and for determining whether the Aggregate Indemnity Cap has been reached, the term Buyer Indemnified Loss shall include any amounts payable to the Buyer Parties collectively pursuant to Article 8.

  • The covenants of the Sellers contained in this Section 6.4(a) are several, and not joint or joint and several, and the liability of each Seller under this Section shall not exceed its Proportionate Amount of such liability up to its Proportionate Amount of the Aggregate Indemnity Cap.

  • The Aggregate Indemnity Cap shall apply to any indemnity obligations of Harvard, CMC, and MATEP taken together under the provisions of this Agreement referenced in the preceding sentence.

  • Notwithstanding any other language in this Agreement, the maximum aggregate of all Buyer Indemnified Losses for which the Buyer Parties collectively shall be entitled to indemnification in connection with the transactions contemplated hereunder, for all purposes whatsoever, and payments to the Buyer Parties collectively under Article 8, shall not exceed the Aggregate Indemnity Cap (as defined in Section 7.7).


More Definitions of Aggregate Indemnity Cap

Aggregate Indemnity Cap means $18 Million Canadian Dollars.
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Related to Aggregate Indemnity Cap

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Parent Indemnified Parties has the meaning set forth in Section 9.2(a).