Maximum Indemnification Amount definition

Maximum Indemnification Amount has the meaning set forth in Section 7.5.

Maximum Indemnification Amount means fifteen percent (15%) of the Base Purchase Price.

Maximum Indemnification Amount means Four Million and Five Hundred Thousand Dollars ($4,500,000).

Examples of Maximum Indemnification Amount in a sentence

• Subject to the provisions of section 3.1 above, the Indemnification Undertaking in respect to each of the Indemnifiable Events shall be limited, in relation to each Office Holder in the Company separately and for each event separately, in the amount of the liability or expense which is indemnifiable as aforesaid, but not more than the Maximum Indemnification Amount in relation to each of the Indemnifiable Events.

• The Maximum Indemnification Amount shall not be affected in any way by the existence of, or payment under, insurance policies.

• It is hereby expressly agreed and understood that this Indemnification Letter does not derogate in any way from any indemnification undertaking the Company has made to you; provided however, that the aggregate indemnification amount pursuant to all the Indemnification Letters issued or that shall be issued by the Company will not exceed the Maximum Indemnification Amount.

• If the total of the amounts for which all Office Holders are entitled to indemnification exceeds the Maximum Indemnification Amount, each relevant Office Holder, including you, will receive indemnification based on the ratio between the amount for which such Office Holder is liable and the aggregate amount for which all Office Holders are liable with respect to such matter.

• This exemption and indemnity letter does not restrict the Company or prevent it from increasing the Maximum Indemnification Amount, whether due to decrease of the insurance amounts according to the office holders’ liability insurance policy, or due the Company’s being unable to obtain office holders’ liability insurance that will cover the indemnification events, on reasonable conditions or due to any other reason so long as such a resolution is made in the manner set out in the any law.

More Definitions of Maximum Indemnification Amount

Maximum Indemnification Amount has the meaning, with respect to each group of Acquired Companies, set forth in the Acquired Companies Annex applicable to such Acquired Companies.

Maximum Indemnification Amount shall have the meaning set forth in Section 11.5(b) of this Agreement.

Maximum Indemnification Amount shall have the meaning specified in Section 9.8(a)(ii).

Maximum Indemnification Amount means fifteen percent (15%) of the Closing Purchase Price.

Maximum Indemnification Amount means ten million dollars ($10,000,000.00).

Maximum Indemnification Amount shall be an amount equal the sum of (i) $25,000,000 plus (ii) the lesser of (a) the aggregate amount paid by the Optionors pursuant to Section 11.2(e) based upon the Specified Regulatory Matters and (b) $9,000,000. The parties hereto agree that under no circumstances shall the Maximum Indemnification Amount exceed $34,000,000.

Maximum Indemnification Amount shall have the meaning set forth in Section 4.1(a)(iii).