Common use of Limitations on Adjustments Clause in Contracts

Limitations on Adjustments. If the Base Purchase Price reduction with respect to a particular Asserted Defect which would result from the above provided for procedure does not exceed $50,000, no adjustment shall be made for such Asserted Defect. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects made against all Sellers for which an adjustment is to be made, does not exceed $2,000,000, then no adjustment of the Base Purchase Price shall occur, and none of the Properties which would be excluded by such procedure shall be excluded. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects for which an adjustment against all Sellers is to be made exceeds $2,000,000, the Base Purchase Price shall be adjusted by the amount by which such Base Purchase Price reduction exceeds $2,000,000.

Limitations on Adjustments. If the Base Purchase Price reduction (or increase) with respect to a particular Asserted Defect which would result from the above provided for procedure does not exceed $50,00025,000, no adjustment shall be made for such Asserted Defect. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects made against all Sellers for which an adjustment is to be made, does not exceed $2,000,000250,000, then no adjustment of the Base Purchase Price shall occur, and none of the Properties which would be excluded by such procedure shall be excluded. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects for which an adjustment against all Sellers is to be made exceeds $2,000,000250,000, the Base Purchase Price shall be adjusted by the amount by which such Base Purchase Price reduction exceeds $2,000,000250,000.

Limitations on Adjustments. If the Base Purchase Price reduction with respect to a particular Asserted Defect which would result from the above provided for procedure does not exceed Ten Thousand Dollars ($50,00010,000), no adjustment shall be made for such Asserted Defect. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects made against all Sellers for which an adjustment is to be made, does not exceed One Hundred Thousand Dollars ($2,000,000100,000), then no adjustment of the Base Purchase Price shall occur, and none of the Properties which would be excluded by such procedure shall be excluded. If the Base Purchase Price reduction which would result from the above provided for procedure, as applied to all Asserted Defects for which an adjustment against all Sellers is to be made exceeds One Hundred Thousand Dollars ($2,000,000100,000), the Base Purchase Price shall be adjusted by the amount by which of such Base Purchase Price reduction exceeds $2,000,000reduction.