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Buyer Cap definition

Buyer Cap is defined in Section 10.2(c).
Buyer Cap has the meaning set forth in Section 11.3(c).
Buyer Cap has the meaning set forth in Section 7.3(c)(ii) of this Agreement.

Examples of Buyer Cap in a sentence

  • Seller Indemnified Parties agree not to seek recourse against, and shall not recover from Buyer on account of any Adverse Consequences pursuant to Section 8.3(a), Section 8.3(b) or Section 8.3(c) until the aggregate amount of all such Adverse Consequences exceeds two percent (2.0%) of the Purchase Price (the “Threshold”) in which event Buyer shall be responsible for the aggregate amount of all Adverse Consequences regardless of the Threshold up to the Buyer Cap Amount.

  • Buyer shall not be required to indemnify any Seller pursuant to, and shall not have any further liability under, Section 8.1(b)(i), once the aggregate amount of all payments made by or on behalf of Buyer in respect of the indemnification obligations under Section 8.1(b)(i), equals the Purchase Price (the “Buyer Cap”); provided that this Section 8.3(c)(ii) shall not apply to any Damages related to any claim based on Fraud, and no such amounts related thereto shall be counted towards the Buyer Cap.

  • The resulting change, as a result of the remeasurement, is also recognised in profit or loss.Underlifts are shortfalls of crude lifted below the share of production.

  • No indemnification payment by Buyer with respect to any Seller Damages otherwise payable pursuant to this Article VIII shall be payable until such time as all Seller Damages shall, in the aggregate, exceed more than $100,000 (the "Buyer Deductible Amount"), and thereafter claims hereunder for Seller Damages may be brought only for amounts in excess of such Buyer Deductible Amount up to but not exceeding the Buyer Cap.

  • The aggregate amount payable to the Seller shall be the full amount of all the Seller Losses in excess of the Seller Threshold Amount, after taking into account any allowable tax benefits, insurance or other third party reimbursements attributable to the Seller Losses which gave rise to the indemnification claim, but subject to the Buyer Cap.


More Definitions of Buyer Cap

Buyer Cap has the meaning set forth in Section 7.6(c).
Buyer Cap has the meaning set out in Paragraph 5.1.1 of Schedule 2 (Settlement Distribution Plan);
Buyer Cap has the meaning set forth in Section 9.04(c).
Buyer Cap shall have the meaning set forth in Section 9.1(b)(ii).
Buyer Cap shall have the meaning set forth in Section 12.05 of this Agreement.
Buyer Cap has the meaning ascribed thereto in Section 8.3.4.
Buyer Cap has the meaning set forth in Section 5.4(b).