Liability Threshold definition

Liability Threshold shall have the meaning ascribed to it in Section 9.4(a).

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Liability Threshold means an amount equal to 1% of the Purchase Price (without giving effect to the adjustment provisions set forth in Section 1.05 hereof).

Liability Threshold has the meaning set forth in Section 7.3(c).

Examples of Liability Threshold in a sentence

• In the event the Representation and Warranty Threshold is met, then the Non-Breaching Party shall be entitled to seek to collect from the Breaching Party any and all damages, liabilities, losses, costs or expenses suffered or incurred as a result of all such breaches of the representations and warranties set forth herein on a first dollar basis and not merely to recover damages in excess of the Representation and Warranty Liability Threshold.

• The maximum aggregate liability of Purchaser for indemnification under this Article VI for any of the matters set forth in Section 6.2(b)(i) shall not exceed the Indemnification Limit; provided, however, that that neither the Liability Threshold nor the Indemnification Limit shall apply with respect to any claim described in Sections 6.2(b)(ii) – 6.2(b)(iv).

• Purchaser shall have no liability for indemnification under Section 6.2(b)(i) with respect to any Losses that would otherwise be payable under Section 6.2(b)(i) until the aggregate of all such Losses exceeds the Liability Threshold, and after the Liability Threshold has been exceeded, Purchaser shall be responsible for all such Losses in excess of the Liability Threshold.

• Seller shall have no liability for indemnification under Section 6.2(a)(i) with respect to any Losses that would otherwise be payable under Section 6.2(a)(i) until the aggregate of all such Losses exceeds $100,000 (the “Liability Threshold”), and then after the Liability Threshold has been exceeded Seller shall be responsible for all such Losses based thereon for all amounts in excess of the Liability Threshold.

• Notwithstanding the foregoing, Losses in excess of the Product Liability Threshold shall not be subject to indemnification except to the extent the amount of any individual claim or group of related and generally similar claims exceeds USD 200,000.00 (for avoidance of doubt, such de minimis threshold shall not apply to amounts that count toward the Product Liability Threshold).

More Definitions of Liability Threshold

Liability Threshold has the meaning given such term in Section 11.6(a) of this Agreement.

Liability Threshold is defined in Section 5.4(b) hereof.

Liability Threshold shall have the meaning assigned to it in SECTION 5.02(a) hereof.

Liability Threshold means $1,300,000.

Liability Threshold means Seven Hundred Thousand and 00/100 Dollars ($700,000.00).

Liability Threshold. As defined in Section 20(a).

Liability Threshold has the meaning set forth in Section ------- 11.3(a). ------- "LICENSE AGREEMENT" has the meaning set forth in Section ------- 2.1. --- "NDA" means (i) a New Drug Application for any product, as appropriate, requesting permission to place a drug on the market in accordance with 21 C.F.R. Part 314, and all supplements or amendments filed pursuant to the requirements of the FDA, including all documents, data and other information concerning a product which are reasonably necessary for FDA approval to market a product in the United States and (ii) all international equivalents of the foregoing.