Threshold Amounts. Notwithstanding anything to the contrary herein, the parties agree that no indemnification obligation (other than that arising as a result of the Wolf Creek Fire) shall arise under the terms of this Agreement unless and until the aggregate value of all such indemnification obligations is equal to or greater than $2,000,000, whereupon the obligation to indemnify shall include the full amount of such liability or claim. The full amount of any liability or loss to KNPC arising out of the Wolf Creek Fire shall be borne by KNE.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (K N Energy Inc), Agreement and Plan of Reorganization (Brown Tom Inc /De)