Seller Indemnification Cap definition
Examples of Seller Indemnification Cap in a sentence
In addition, the indemnification provided herein shall not constitute a claim against the Seller (provided, however, that, as set forth in this paragraph, the Indemnified Parties shall be entitled to receive indemnification from the Seller in an amount not to exceed the Seller Indemnification Cap).
Notwithstanding anything to the contrary in this Agreement, in no event shall the Seller Indemnification Cap apply to any Indemnifiable Loss suffered by any Acquiror Indemnified Person pursuant to Sections 10.1(b), (c), (d) or (e), for which purposes the Seller Indemnification Cap shall be deemed to be the Merger consideration actually received by the Sellers.
The indemnification obligations of the Seller under this Section 10.3 shall not be subject to the Seller Indemnification Cap, the Seller Indemnification Basket, or the Seller Indemnification Threshold, and the indemnification obligations of the Buyer under this Section 10.3 shall not be subject to the Buyer Indemnification Cap, the Buyer Indemnification Basket, or the Buyer Indemnification Threshold.
Notwithstanding the foregoing, the Seller Indemnification Cap shall not apply to Damages arising as a result of (i) any intentional misrepresentation or fraud by Purchaser or (ii) any claim under Section 11.1(b)(iii), for which Purchaser's maximum aggregate liability, when combined with liability for Damages that are subject to the Seller Indemnification Cap, shall be the cash proceeds received by Seller pursuant to this Agreement.
Notwithstanding anything to the contrary set forth herein, the total Seller Indemnifiable Damages for which Buyer shall be liable hereunder shall not exceed an amount equal to the Purchase Price (the "Seller Indemnification Cap").