Leakage Breach definition

Leakage Breach has the meaning given to it in Clause 13.3
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Leakage Breach has the meaning as defined in Section 5.3.2.
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Leakage Breach has the meaning set out in clause 5.2;
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Examples of Leakage Breach in a sentence

  • In addition, if and to the extent procedurally possible, the Purchasers shall request the arbitration tribunal to determine whether one of the Sellers was solely responsible for the Leakage Breach and, if not, to what extent each of EXECUTION COPY the Sellers was so responsible, in all cases adding up to 100% and the full amount of the Leakage Breach.

  • In the event that the requested determination is procedurally not possible or the arbitration tribunal cannot or does not make the determination, the Sellers shall reimburse the Purchasers in the proportion of 65% by HPW and 35% by KKR as to the Leakage Breach.

  • The fees, costs and expenses incurred by the Buyer in connection with defending the Third Party Claim shall be borne by the Sellers to the extent that the Third Party Claim relates to a Sellers’ Breach or a Leakage Breach by the Sellers.

  • The Sellers undertake to reimburse the amount of the Leakage Breach to the Purchasers in the proportions determined by the arbitration tribunal, it being understood and agreed that each Seller shall be liable towards the Purchasers only for the portion of the Leakage Breach for which such Seller has been found responsible (which can be up to 100% of such Leakage Breach).

  • The external costs and expenses incurred by the Seller in connection with defending the Third Party Claim shall be borne by the Seller to the extent that the Third Party Claim relates to a Seller’s Breach or a Leakage Breach by the Seller.

  • The external fees, costs and expenses incurred by the Buyer or the Company in connection with defending the Third Party Claim shall be borne by the Seller to the extent that the Third Party Claim relates to a Seller’s Breach or a Leakage Breach by the Seller.

  • No liability shall attach to the Seller under or in connection with this Agreement (except for a Leakage Breach) if and to the extent (i) the individual Claim is less than or equal to $10,000 (the “De Minimis Amount”) or (ii) the aggregate amount of Claims exceeding the De Minimis Amount is less than or equal to $100,000 (the “Deductible”).

  • No liability shall attach to the Sellers under or in connection with this Agreement (except for a Leakage Breach) if and to the extent (i) the individual Claim is less than or equal to $5,000 (the “De Minimis Amount”) or (ii) the aggregate amount of Claims exceeding the De Minimis Amount is less than or equal to $20,000 (the “Deductible”).

  • The costs and expenses incurred by the Sellers in connection with defending the Third Party Claim shall be borne by the Sellers to the extent that the Third Party Claim relates to a Sellers’ Breach or a Leakage Breach by the Sellers.