Common use of Basket Amount Clause in Contracts

Basket Amount. 15.5.1 Except as provided in Section 15.7, the Kensington Entities shall have no obligation to indemnify the Karrington Entities under this Article unless and until the Karrington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article of at least Fifteen Thousand Dollars ($15,000.00) in the aggregate (the "Basket Amount"), and then only as to the amount by which aggregate claims by the Karrington Entities exceed the Basket Amount. 15.5.2 Except as provided in Section 15.7, the Karrington Entities shall have no obligation to indemnify the Kensington Entities under this Article unless and until the Kensington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article in the aggregate of at least the Basket Amount; and then only as to the amount by which aggregate claims by the Kensington Entities exceed the Basket Amount.

Basket Amount. 15.5.1 15.5.1. Except as provided in Section 15.7, the Kensington Entities shall have no obligation to indemnify the Karrington Entities under this Article unless and until the Karrington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article of at least Fifteen Thousand Dollars ($15,000.00) 15,000 in the aggregate (the "Basket Amount"), and then only as to the amount by which aggregate claims by the Karrington Entities exceed the Basket Amount. 15.5.2 15.5.2. Except as provided in Section 15.7, the Karrington Entities shall have no obligation to indemnify the Kensington Entities under this Article unless and until the Kensington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article in the aggregate of at least the Basket Amount; and then only as to the amount by which aggregate claims by the Kensington Entities exceed the Basket Amount.

Basket Amount. 15.5.1 16.5.1 Except as provided in Section 15.716.7, Bismarck Investors and the Kensington Entities shall have no obligation to indemnify the Karrington Entities under this Article unless and until the Karrington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article of at least Fifteen Twenty-Eight Thousand Dollars ($15,000.0028,000.00) in the aggregate (the "Basket Amount"), and then only as to the amount by which aggregate claims by the Karrington Entities exceed the Basket Amount. 15.5.2 16.5.2 Except as provided in Section 15.716.7, the Karrington Entities shall have no obligation to indemnify Bismarck Investors or the Kensington Entities under this Article unless and until Bismarck Investors and the Kensington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article in the aggregate of at least the Basket Amount; and then only as to the amount by which aggregate claims by Bismarck Investors or the Kensington Entities exceed the Basket Amount. 16.

Basket Amount. 15.5.1 16.5.1 Except as provided in Section 15.716.7, CKMI Partnership or the Kensington Entities shall have no obligation to indemnify the Karrington Entities under this Article unless and until the Karrington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article of at least Fifteen Twelve Thousand Eight Hundred Dollars ($15,000.0012,800.00) in the aggregate (the "Basket Amount"), and then only as to the amount by which aggregate claims by the Karrington Entities exceed the Basket Amount. 15.5.2 16.5.2 Except as provided in Section 15.716.7, the Karrington Entities shall have no obligation to indemnify CKMI Partnership or the Kensington Entities under this Article unless and until CKMI Partnership and the Kensington Entities have suffered Adverse Consequences giving rise to a right of indemnification under this Article in the aggregate of at least the Basket Amount; and then only as to the amount by which aggregate claims by CKMI Partnership or the Kensington Entities exceed the Basket Amount. 16.