Examples of Specific Indemnity Matters in a sentence
It is clarified that the acceptance, conceding or settlement of any Government Litigation by the Indemnified Party shall not prejudice the right of the Indemnifying Parties to dispute whether such Government Litigation arises out of Specific Indemnity Matters and/or any breach of Representations and Warranties.
Notwithstanding anything to the contrary contained in this Agreement, an Indemnifying Party shall not be liable for indemnification under this Agreement (except in the case of the Specific Indemnity Matters) unless and until the aggregate amount of all such losses exceeds $100,000, at which point the Indemnifying Party shall be liable for indemnification under this Agreement back to the first dollar.
The Indemnification Cap shall not be applicable to a breach of the representations or warranties set forth in Section 4.1, Section 4.2, Section 4.4, Section 4.5(a), Section 4.16, nor to the Specific Indemnity Matters; provided, however, that the indemnification obligations of the Seller with respect to any such provisions shall not exceed an amount equal to the Cash Consideration plus 50% of the Buyer Stock Consideration.
Notwithstanding anything to the contrary contained in this Agreement, Seller shall not be liable for indemnification under this Agreement (except in the case of the Specific Indemnity Matters) unless and until the aggregate amount of all such losses incurred by Buyer Indemnitees exceeds $100,000, at which point Seller shall be liable for indemnification under this Agreement for all amounts in excess of the $100,000 threshold.
Of the shares of Acquiror Common Stock forming the Escrow Fund, 50,000 shares shall be subject to payment of Damages incurred by Acquiror in connection with the matters set forth in Section 9.3(a) below (collectively, the "General Indemnity Matters"), and 75,000 shares shall be subject to payment of Damages incurred by Acquiror in connection with the matters set forth in Section 9.3(b) below (collectively, the "Specific Indemnity Matters").
An employee shall not participate, while on Government owned or leased property or while on duty for the Government, in any gambling device, in conducting a lottery or pool, in a game for money or property, or in selling or purchasing number slips or tickets.
The portion of the Escrow Fund allocated for payment of Damages in connection with General Indemnity Matters shall not be available for payment of Damages in connection with Specific Indemnity Matters, and the portion of the Escrow Fund allocated for payment of Damages in connection with Specific Indemnity Matters shall not be available for payment of Damages in Connection with General Indemnity Matters.
The Indemnification Cap shall not be applicable to a breach of the representations or warranties set forth in Section 4.1, Section 4.2, Section 4.4, Section 4.5(a), Section 4.5(c), Section 4.5(f), Section 4.5(h) and/or 4.7(g) , nor to the Specific Indemnity Matters.
With respect to those matters for which the Seller is providing full indemnification to the Buyer and its Affiliates under Sections 6.1(c) through 6.1(h) (the "Specific Indemnity Matters"), the Parties agree that the Seller shall be entitled to continue or assume, as applicable, control of the defense of such Specific Indemnity Matter, and with respect to such Specific Indemnity Matter, shall be the Indemnifying Party hereunder.