Common use of Exclusions and Restrictions Clause in Contracts

Exclusions and Restrictions. 9.2.1. The Seller shall not be liable for indemnification under this Section 9 unless the individual Loss claimed by the Purchaser hereunder is for more than ITL 50,000,000 (fifty million), on the understanding that said exemption of liability of the Seller shall also apply to claims exceeding the above limit whose final ascertained Loss is less than ITL 50,000,000 (fifty million).

Appears in 2 contracts

Sources: Share Purchase Agreement (High Voltage Engineering Corp), Share Purchase Agreement (High Voltage Engineering Corp)