Common use of Minimum Claim Clause in Contracts

Minimum Claim. If any Parent Indemnification Claim relating to any single event or series of related events that is indemnifiable under Section 7.2 results in aggregate Losses to Parent that do not exceed $100,000, such Losses shall not be deemed to be Losses under this Agreement and shall not be eligible for indemnification under this Article VII.

Appears in 2 contracts

Sources: Merger Agreement (Nexeo Solutions Holdings, LLC), Merger Agreement (WL Ross Holding Corp.)

Minimum Claim. If any Parent Indemnification Claim pursuant to Section 7.2(a) relating to any single event or series of related events that is indemnifiable under Section 7.2 7.2(a) results in aggregate Losses to the Parent Indemnified Parties that do not exceed $100,000, such Losses shall not be deemed to be Losses under this Agreement and shall not be eligible for indemnification under this Article VII.

Appears in 1 contract

Sources: Merger Agreement (Easterly Acquisition Corp.)