Common use of Indemnification Basket Amount Clause in Contracts

Indemnification Basket Amount. Notwithstanding the foregoing, an Indemnifying Party (defined below) shall not be required to indemnify an Indemnified Party pursuant to Section 10.2(a) or (b) unless and until the amount of all Losses incurred by such Indemnified Party exceeds $500,000 in the aggregate (the "Basket Amount"), in which case the Indemnifying Party shall be required to indemnify the Indemnified Party for any and all such Losses (including the Basket Amount).

Indemnification Basket Amount. Notwithstanding the foregoing, an Indemnifying Party (defined below) shall not be required to indemnify an Indemnified Party (defined below) pursuant to Section 10.2(aSECTION 5.2(A) or (b) SECTION 5.2(B), as applicable, unless and until the amount of all Losses incurred by such Indemnified Party exceeds $500,000 0.5% of Purchase Price in the aggregate (the "Basket AmountBASKET AMOUNT"), in which case the Indemnifying Party shall be required to indemnify the Indemnified Party for any and all such Losses (including the Basket Amount).