Common use of Indemnification Amount in Respect to the Indemnifiable Events Clause in Contracts

Indemnification Amount in Respect to the Indemnifiable Events. Subject to the provisions of section 3.1 above, the Indemnification Undertaking in respect to each of the Indemnifiable Events shall be limited, in relation to each Office Holder in the Company separately and for each event separately, in the amount of the liability or expense which is indemnifiable as aforesaid, but not more than the Maximum Indemnification Amount in relation to each of the Indemnifiable Events.