Indemnity Deductible definition

Indemnity Deductible has the meaning set forth in Section 9.2(b).

Indemnity Deductible shall have the meaning given that term in Section 12.05(a).

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

• 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, the 10.2(a) Indemnity Cap and the Aggregate Indemnity Cap) upon the indemnified person’s providing an initial notice for a claim of indemnity to the indemnifying party stating that the claim underlying such claim for indemnity could reasonably be expected to exceed the Indemnity Threshold.

• 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.

• Except as set forth below, a Buyer Indemnified Party will not be entitled to indemnity under Section 13.2(b) of this Agreement for Losses with respect to any claim until the aggregate amount of all such claims exceeds the Indemnity Deductible, and thereafter, the Buyer Indemnified Parties shall only be entitled to indemnity for the amount in excess of the Indemnity Deductible, subject to the limitations set forth in this Agreement.

• Except for Share Ownership Claims, the Buyer Indemnified Parties shall not be entitled to indemnification pursuant to this Section 5.2 in respect of a misrepresentation or inaccuracy in, or breach of, a representation or warranty referenced in clause (b) of Section 5.2.1 until the aggregate amount of all Losses suffered, incurred or paid by one or more Buyer Indemnified Parties exceeds $150,000 (the "Buyer Indemnity Deductible") and thereafter to the extent that Losses exceed $150,000.

• 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.

More Definitions of Indemnity Deductible

Indemnity Deductible. As defined in Section 12.3.

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

Indemnity Deductible shall have the meaning set forth in Section 9.6(c);

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

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