Common use of Indemnification Cap Clause in Contracts

Indemnification Cap. No party can recover under paragraphs 7.1 or 7.2 an amount in excess of Ten Thousand Dollars ($10,000). The foregoing limitation shall not apply to recovery for breaches of the Representations and Warranties of Organization, Existence, Good Standing, Power and Authority, and Enforceability.

Indemnification Cap. No party can recover under paragraphs 7.1 12.1 or 7.2 12.2 an amount in excess of Ten Thousand Dollars the principal amount of the cash ($10,000excluding accrued interest, the Merchandise Inventory Price and the Receivables Price) paid by the Buyer to the Seller pursuant to this Agreement and other documents executed in connection (the “Indemnification Cap”). The foregoing limitation shall not apply to recovery for breaches of the Representations and Warranties of Organization, Existence, Good Standing, Power and Authority, Enforceability, and EnforceabilityEmployee Benefit Plans.