Buyer Indemnity Cap definition

Buyer Indemnity Cap means $6,525,000 in the aggregate.

Buyer Indemnity Cap shall equal $50 million.

Buyer Indemnity Cap means Seven Million Twenty-Five Thousand Eighty Dollars ($7,025,080).

Examples of Buyer Indemnity Cap in a sentence

• Subject to Section 5.4(d), with respect to indemnification for any Losses pursuant to Sections 5.3(a), Buyer shall not have any liability under Section 5.3(a) unless the aggregate amount of Losses to all Seller Indemnified Parties exceeds the Buyer Basket (as defined herein) and then Buyer shall be required to pay or be liable for all such Losses from the first dollar, and no amounts of indemnity shall be payable by Buyer which exceed the Buyer Indemnity Cap (as defined herein).

• For the avoidance of doubt, the Buyer Indemnity Deductible and the Sellers Indemnity Deductible and Buyer Indemnity Cap and Seller Indemnity Cap set forth in this Section 9.2(c) shall not affect Buyers' or Sellers' payment obligations in connection with Article 2 (other than as provided in Sections 2.4(g)(ii)), Sections 9.2(a)(i)(2)-(5), 9.2(a)(iii)(A)(2)-(4) or 9.2(a)(iii)(B)(2)-(4), or Article 11, as applicable.

• Seller and Pioneer, on the one hand, and Buyer, on the other hand, acknowledge and agree, however, that any Losses as a result of, relating to or arising out of the Retained Obligations or Assumed Obligations, as applicable, shall not be subject to the Seller Indemnity Cap or the Buyer Indemnity Cap.

• Some investors will be aware of this and will invest accordingly.

• Notwithstanding anything to the contrary in this Section 7.1, any Adverse Consequences arising out of or related to a breach of any covenant or agreement under this Agreement or any Assumed Liability shall be recoverable from the first dollar and shall not otherwise be subject to the Buyer Basket Amount or the Buyer Indemnity Cap.

More Definitions of Buyer Indemnity Cap

Buyer Indemnity Cap means an amount equal to the outstanding principal balance of the Note at the time that Buyer becomes obligated to make an indemnity payment to a Seller Indemnified Party under Section 10.1(2) or if the Note is no longer outstanding, the amount of the Note which was converted by Buyer into Buyer Stock under the Note on the day of such conversion.

Buyer Indemnity Cap shall have the meaning set forth in Section 7.1.

Buyer Indemnity Cap means $40,000,000.

Buyer Indemnity Cap means $1,750,000.

Buyer Indemnity Cap is defined in Section 10.2(c).