Minimum Indemnification Amount definition

Minimum Indemnification Amount. The amount, equal to the Rupee equivalent of one hundred thousand Dollars ($100,000), that a Party's claims for indemnification pursuant to Article XI must exceed in the aggregate before that Party will be entitled to indemnification.
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Minimum Indemnification Amount means the amount equal to US$200,000 (two hundred thousand United States Dollars);
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Minimum Indemnification Amount. The amount, equal to ten thousand Dollars ($10,000), that a Party's claims for indemnification pursuant to Article 11 must exceed in the aggregate during an Agreement Year before that Party will be entitled to indemnification.
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Examples of Minimum Indemnification Amount in a sentence

  • For the purposes of this Section 9.2 (Assertion of Claims to Exceed Minimum Indemnification Amount), a Loss (or claim for indemnification) shall be deemed to arise in the Accounting Year in which the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one (1) Accounting Year, in the Accounting Year such event ends.

  • INDEMNIFICATION AMOUNT Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all Losses of such Party, in the aggregate, during the then-current Agreement Year, exceed the Minimum Indemnification Amount.

  • Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all Losses of such Party, in the aggregate, during the then-current Agreement Year, exceed the Minimum Indemnification Amount.

  • Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement for any loss that would otherwise be the subject of indemnification under this Agreement until all losses of such Party arising during the current Contract Year exceed the Minimum Indemnification Amount.

  • Indemnification Amount Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all Losses of such Party, in the aggregate, during the then-current Agreement Year, exceed the Minimum Indemnification Amount.

  • No Indemnitee shall be entitled to make a claim against a Designated Shareholder under Section 7.2 unless the Damages resulting from any individual claim or series of related claims exceeds $1,000 (the "Minimum Indemnification Amount"), provided that claims that are less than the Minimum Indemnification Amount will be considered in determining whether the Threshold Amount has been met.

  • Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all losses of such Party, in the aggregate, during the then-current Year, exceed the Minimum Indemnification Amount.

  • The Company, the Power Purchaser or NTDC shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all Losses of such Party, in the aggregate, during the then-current Year, exceed the Minimum Indemnification Amount.

  • No Indemnitee shall be entitled to make a claim against a Non-Designated Shareholder under Section 4.2 unless the Damages resulting from any individual claim or series of related claims exceeds $1,000 (the "Minimum Indemnification Amount"), provided that claims that are less than the Minimum Indemnification Amount will be considered in determining whether the Threshold Amount has been met.

  • Notwithstanding anything to the contrary contained in this Agreement, no claim for indemnification under Section 8.1 hereof, may be brought by an Indemnified Party unless the Losses against which indemnification is sought shall individually or in the aggregate exceed $25,000 (the "Minimum Indemnification Amount"), in which case the Indemnifying Party may seek indemnification for all of such Losses including Losses up to the Minimum Indemnification Amount.


More Definitions of Minimum Indemnification Amount

Minimum Indemnification Amount means the amount equal to PKR [◙]24 that a Party’s claims for indemnification pursuant to Article 9 (Indemnities &Limitation of Liabilities) must exceed in the aggregate before that Party will be entitled to indemnification; Minimum Revenue Guarantee or MRG means the amount that Authority undertakes to provide according to the MRG Agreement for meeting the Excess Delta which will be shared equally between Authority and the Concessionaire;
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Minimum Indemnification Amount. The amount equal to the Rupee equivalent of one hundred thousand Dollars ($100,000).
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Minimum Indemnification Amount is defined in Section 8.1(e)(i).
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Minimum Indemnification Amount means the amount listed as such in Schedule 0.
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Minimum Indemnification Amount means the amount, equal to [one hundred thousand US Dollars US$100,000) or its equivalent in Naira.
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Minimum Indemnification Amount means the amount listed as such in Schedule 1. “Minimum Initial Tested Capacity” has the meaning given to that term in Schedule 1. “Minimum Tested Capacity” has the meaning given to that term in Schedule 1.
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Related to Minimum Indemnification Amount

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

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

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, sponsors, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, letters, the Debtors’ respective memoranda, articles or certificates of incorporation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, members, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnification Event means any event, action, proceeding or claim for which a Person is entitled to indemnification under this Agreement.

  • Indemnified Amount has the meaning set forth in Section 8.01.

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Parent Indemnified Parties has the meaning set forth in Section 9.2(a).

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Indemnity Escrow Amount means $3,000,000.