Common use of De Minimis Rules Clause in Contracts

De Minimis Rules. The Vendor shall only be liable for Vendor’s Representations if and to the extent (Freibetrag) a) the amount of an individual claim or the aggregate amount of a series of claims based on the same origin (▇▇▇▇▇▇▇▇ Lebenssachverhalt) exceeds EUR 75,000 (in words: Euro seventy-five thousand) (individual de minimis) (“Individual De Minimis Amount”); and in addition b) the total amount of all claims exceeding the Individual De Minimis Amount exceeds EUR 500,000 (in words: Euro five hundred thousand) (de minimis) (“De Minimis Amount”).