Seller Deductible definition

Seller Deductible shall have the meaning set forth in Section 8.4.

Seller Deductible has the meaning set forth in Section 10.3(b)(i).

Seller Deductible means $1,000,000.

Examples of Seller Deductible in a sentence

• Each of the parties hereof agree and acknowledge that the Seller Deductible, the Buyer Deductible, the limitation on liabilities set forth in Section 9.01(b) hereof and the maximum amount subject to set-off set forth in Section 9.08 hereof shall be applied against Damages arising under this Agreement and each of the Related Purchase Agreements.

• The Seller shall not have any responsibility under this §6, until the Buyer shall have suffered Losses for which recovery is possible under this §6 in excess of Twenty Five Thousand and No/100 Dollars ($25,000.00) as an aggregate deductible (the “Seller Deductible”), and then the Seller will be only obligated to indemnify the Indemnified Party only from and against those Losses in excess of such Seller Deductible.

• Accordingly, he opined that only the forklift driver position was appropriate for Claimant.

• Notwithstanding the foregoing, no claim by a Seller Indemnitee shall be so asserted pursuant to this Section 9.03(a) in respect of a breach of any representation or warranty unless and until the aggregate amount of Losses that would otherwise be payable under this Section 9.03(a) in respect of all such breaches of representations and warranties exceeds on a cumulative basis an amount equal to $1,550,000 (the “Seller Deductible”), and then only to the extent such Losses exceed the Seller Deductible.

• The Seller Deductible shall be reduced (but not below zero) by the amount that Company Equity on the Closing Balance Sheet is less than the Pro forma Equity.

More Definitions of Seller Deductible

Seller Deductible is defined in Section 8.7(a).

Seller Deductible is defined in Section 10.1(b) of this Agreement.

Seller Deductible means $315,000.

Seller Deductible means $2,000,000.

Seller Deductible has the meaning given in Section 26.

Seller Deductible has the meaning set forth in Section 6.04(b).

Seller Deductible means, as of any time, (i) $7,750,000 less (ii) the Non-Fundamental Retention Amount Used, plus (iii) the Fundamental Retention Amount Used, plus (iv) the Special Indemnity Retention Amount Used.