Common use of Minimum Claim Clause in Contracts

Minimum Claim. If the Closing occurs, no Party shall have any liability or obligation to indemnify under Section 8.2(a)(ii) or Section 8.3(a)(ii), as the case may be, for or with respect to any Indemnifiable Claims, unless the aggregate amount for which such Party would be liable thereunder, but for this provision, for or with respect to any Indemnifiable Claims exceeds Two Million Dollars (the "Deductible Amount") and recovery shall be limited only to such amounts as exceed the Deductible Amount. Nothing in this Section 8.7(c) is intended to modify or limit a Party's liability or obligation hereunder for other Indemnifiable Claims.