Examples of Individual Claim Threshold in a sentence
Except with respect of Fundamental Representations none of Purchaser or Purchaser Indemnitees shall be entitled to assert any right to indemnification under Section 9.2 with respect to any individual claim unless the Losses resulting from such individual Claim exceeds Three Hundred Thousand Dollars ($300,000) (the “ Individual Claim Threshold ” and each individual claim that exceeds the Individual Claim Threshold, a “ Qualifying Claim ”).
Buyer shall not be obligated to pay any additional costs or incur any additional obligations in its purchase of the Assets if such costs are the result of Seller’s Like-Kind Exchange, and Seller shall indemnify Buyer Indemnified Parties against any Claims arising from Seller’s Like-Kind Exchange without regard to the Individual Claim Threshold or Aggregate Claim Deductible.
No Buyer Party may assert a claim for indemnification under Section 8.2(a)(i) with respect to any individual claim for Losses where the amount that would otherwise be payable by Sellers hereunder relating to such claim for Losses is less than $15,000 (“ Individual Claim Threshold”), and if such claim does not exceed the Individual Claim Threshold, the amount of such claim shall not be taken into account in determining whether or not or to the extent to which the Deductible has been exceeded or reached.