Aggregate Liability Amount definition
Examples of Aggregate Liability Amount in a sentence
Notwithstanding the foregoing, no claim for indemnification under Section 8.1(a)(i) shall be asserted with respect to any matter or series of related matters unless and until the aggregate amount of Losses that would be payable with respect to such claim exceeds $25,000 (the “Mini-Basket”), and such Losses shall not be counted towards the Minimum Aggregate Liability Amount unless they exceed the Mini-Basket.
For the avoidance of all doubt, the limitation of Minimum Aggregate Liability Amount does not apply in indemnification claims related to damages, liabilities, costs or expenses arising out of or resulting from Retained Liabilities, Assumed Liabilities, or obligations assumed under the Lease.
For any Loss or Losses not subject to the Minimum Aggregate Liability Amount, the Indemnified Persons shall be entitled to indemnification regardless of the minimum amount of the Loss.
Any other term or provision of this Letter Agreement notwithstanding, ▇▇▇▇▇▇▇’s aggregate liability hereunder shall not exceed the least of (i) $72,849,888, (ii) Pattern’s Aggregate Liability Amount under the Guarantee, and (iii) the amount calculated pursuant to Section 6(f) of the Guarantee.
In addition, Printrak and the Merger Sub agree not to seek recourse against, and shall not recover from TFP Shareholders on account of, any Claims and Liabilities until the aggregate amount thereof exceeds Three Hundred Thousand Dollars ($300,000) (the "Minimum Aggregate Liability Amount"), at which time claims may be asserted for all amounts in excess of the Minimum Aggregate Liability Amount.
Boyd ▇▇▇ the Boyd ▇▇▇ agree not to seek recourse against, and shall not recover from the Shareholders under this Article VII on account of any liability, loss, damage, injury or claim until the aggregate amount thereof exceeds Fifty Thousand Dollars ($50,000.00) (the "Minimum Aggregate Liability Amount"), at which time claims may be asserted for the Minimum Aggregate Liability Amount and amounts in excess of the Minimum Aggregate Liability Amount.
Notwithstanding the foregoing, neither the Acquiror nor the Sub shall make an Application under this Section 4(a) until the aggregate amount of the damages or losses incurred or suffered by either or both combined exceeds $20,000.00 (the "Minimum Aggregate Liability Amount").
The parties further agree that in the event of a misrepresentation or breach of warranty contained in Section 5 that results not in any Claims and Liabilities but in a net benefit to Printrak or TFP, the fair market value of such net benefit shall be credited against, and shall increase the amount of, the Minimum Aggregate Liability Amount.
For clarification purposes, the Minimum Aggregate Liability Amount is not a "per incident" amount, but rather an aggregate threshold.
Notwithstanding anything in this Agreement to the contrary, the Purchaser shall not seek recourse against and shall not recover from the Seller on account of any claim, demand, obligation, loss, liability, damage, recovery or deficiency until, and only to the extent, the aggregate amount thereof exceeds One Hundred Thousand Dollars ($100,000) (the "Aggregate Liability Amount"), at which time claims may be asserted for any amount in excess of the Aggregate Liability Amount.