Limitation of Indemnification. No Indemnified Party shall be entitled to indemnification for any Losses unless such Indemnified Party has sustained Losses which, in the aggregate, exceed $50,000, and then for all Losses as provided above.
Appears in 5 contracts
Sources: Stock Purchase Agreement (Applied Digital Solutions Inc), Stock Purchase Agreement (Applied Digital Solutions Inc), Stock Purchase Agreement (Syscomm International Corp)
Limitation of Indemnification. No Indemnified Party (other than an outside (independent) director of Buyer) shall be entitled to indemnification for any Losses unless such Indemnified Party has sustained Losses which, in the aggregate, exceed $50,000, and then for all Losses as provided above.
Appears in 1 contract
Sources: Stock Purchase Agreement (Syscomm International Corp)