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.
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.
Purchaser, Seller and Shareholder each agree not to seek recourse against, and shall not recover from, Purchaser, Seller or Shareholder under this Article IX on account of any liability, loss, damage, injury or claim until the aggregate amount thereof exceeds Sixty Two Thousand Five Hundred Dollars ($62,500.00) (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.
With respect to any Unfunded Lease, if Buyer shall receive the Lessee Acknowledgement related thereto, the Maximum Aggregate Liability Amount shall also be reduced by the "Reduction Amount" set forth on the Schedule opposite such Unfunded Lease.
Parent and the Surviving Corporation agree not to seek recourse against, and shall not be provided indemnification pursuant to the Escrow Agreement or from the Major Stockholders under this Article 10 on account of any Losses until the aggregate amount thereof exceeds $50,000 (the "Stockholder Minimum Aggregate Liability Amount"), at which time claims may be asserted only for amounts in excess of the Stockholder Minimum Liability Amount.
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.
Any other term or provision of this Letter Agreement notwithstanding, Xxxxxxx’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.
The proportionate percentage of the Maximum Aggregate Liability Amount applicable to Jxxxx X.
Notwithstanding anything herein to the contrary, the Minimum Aggregate Liability Amount shall not apply to any Losses attributable to any inaccuracy in or breach of any Qualified as to Materiality Representation.