Examples of Buyer Threshold in a sentence
Seller shall issue warrants to purchase Preferred Stock to each Buyer ("Threshold Buyer") purchasing $800,000 or more in Preferred Stock.
Notwithstanding anything to the contrary in this Agreement, the Buyer’s aggregate liability to Seller under this Agreement shall not in any event exceed $1,500,000 (the “Buyer Indemnification Cap”); provided, however, that neither the Buyer Threshold Amount nor the Buyer Indemnification Cap shall apply to Damages to the extent arising from any Breach of any representation or warranty set forth in Section 4.2(a).
Buyer will have no liability (for indemnification or otherwise) with respect to the matters described in clause (a) of this Section until the total of all Damages with respect to such matters exceeds $500,000 (the “Buyer Threshold Amount”), and then only for the amount by which such Damages exceed the Buyer Threshold Amount.
Holdings and their respective officers, directors, employees, agents and affiliates under Section 8.3(a)(i) for Sellers' Losses in excess of the Buyer Threshold shall not exceed twenty-five percent (25%) of the Purchase Price.
The Seller Parties shall not be liable, and the Buyer agrees not to enforce any claim for indemnification under this Article 10 (excluding any claims, adjustments or offsets under Articles 3 or 7) until the aggregate amount of all such claims exceeds $10,000 (the "BUYER THRESHOLD"); provided, however, that once the amount of claims exceeds the Buyer Threshold, the Buyer shall be entitled to recover the entire amount of all claims in excess of $10,000.
Subject to the exceptions set forth in Section 9.03(d), the Principal Stockholders shall not be obligated to indemnify Buyer Indemnified Parties in respect of Buyer Indemnifiable Losses until the cumulative amount of all Buyer Indemnifiable Losses exceeds $50,000 (the "Buyer Threshold"), whereupon only such excess amount shall be recoverable in accordance with the terms hereof.
In connection with any claim for indemnification under Section 10.2, the Seller will promptly provide the Buyer with written notice of all claims included in the Buyer Threshold and copies of all documents reasonably requested by the Buyer relating thereto.
Notwithstanding anything to the contrary in this Agreement, the Buyer Threshold shall not apply in any respect to any Damages arising out of or related to (i) any breach of any covenant or agreement of Buyer contained in this Agreement, (ii) the Assumed Liabilities or (iii) fraud, intentional breach or willful misconduct on the part of Buyer.
For the avoidance of doubt, claims for indemnification pursuant to Sections 10.2(a)(ii)-(v) shall not be subject to the Buyer Threshold.
For the avoidance of doubt, Costs below the Per Occurrence Amount shall not be counted towards the Buyer Threshold Amount.