Indemnity Deductible definition

Indemnity Deductible shall have the meaning set forth in Section 13.4(a).

Indemnity Deductible has the meaning given in Section 14.3(e).

Indemnity Deductible means an amount equal to one and one-half percent (1.5%) of the Base Purchase Price.

Examples of Indemnity Deductible in a sentence

• If Seller does not elect to dispute the claim (and the applicable Indemnity Deductible has been satisfied), Seller shall do one of the following within ninety (90) days of its receipt of the Purchaser Claims Notice: (i) make payment of the applicable indemnification amount to Purchaser, (ii) commence the Repurchase Procedure, or (iii) commence the Resale Procedure.

• The Indemnity Deductible and the Indemnity Cap shall not apply to any claim for indemnification under Section 13.2(a) with respect to any breach of the Fundamental Representations.

• For claims for indemnity with respect to which the Indemnity Threshold applies, such claim shall be deemed to have been made (subject to the application of the Indemnity Threshold, the Indemnity Deductible and the Indemnity Cap) upon the indemnified party’s providing an initial notice for a claim of indemnity to the indemnifying party.

• The Parent Indemnity Deductible shall be determined without regard to any materiality qualification contained in any representation or warranty.

• Once the total amount of such Damages exceeds the Seller Indemnity Deductible Amount, then the Seller Indemnitees shall be entitled to be indemnified and held harmless against and compensated and reimbursed for the amount of such Damages, that exceeds $500,000.

More Definitions of Indemnity Deductible

Indemnity Deductible has the meaning set forth in Section 8(c)(i).

Indemnity Deductible is defined in Section 10.4(a).

Indemnity Deductible means, with respect to each Seller, an amount equal to 1.5% of the aggregate Allocated Value of all Assets conveyed by such Seller to Buyer hereunder.

Indemnity Deductible means an amount equal to one and one-half percent (1.50%) of the Original Purchase Price, or, in the event Seller does not acquire the Other Working Interest Owner Interests prior to the Closing Date in accordance with Section 9.14, an amount equal to one and one-half percent (1.50%) of the Original Purchase Price less the Allocated Other Working Interest Owner Amount.

Indemnity Deductible shall have the meaning set forth in Section 8.6(b) of this Agreement.

Indemnity Deductible means an amount equal to three percent (3.0%) of the Base Purchase Price.

Indemnity Deductible means, for any date of determination, [ ]% of the aggregate original principal balances of all Purchased Loans sold to Purchaser pursuant to the terms of the same Addendum as of the most recent month end.