Common use of Maximum Indemnification Amount Clause in Contracts

Maximum Indemnification Amount. The indemnification obligations ------------------------------ of the Shareholders under this Article VI shall be limited, in the aggregate, to $8,000,000 (the "Maximum Indemnification Amount"); provided, however, that the ------------------------------ -------- ------- Maximum Indemnification Amount limitation shall not apply with respect to any breaches of representations, warranties or covenants contained in Sections 2.2 (Capital Stock of the Company), 2.22 (Brokers) or 2.26 (No Undisclosed Liabilities, but only to the extent that the Company or the Shareholders had knowledge of such undisclosed liabilities).

Appears in 2 contracts

Sources: Stock Purchase Agreement (College Television Network Inc), Stock Purchase Agreement (College Television Network Inc)