Common use of Tipping Basket Clause in Contracts

Tipping Basket. No indemnification payments shall be payable pursuant to the indemnification obligations of Seller pursuant to Section 7.2 or the indemnification obligations of Buyer pursuant to Section 7.3, respectively, unless the total aggregate indemnification obligations under either such Section, as applicable to the indemnifying party, exceeds $50,000 (the "Threshold Amount"). Once the Threshold Amount is satisfied against an indemnifying party, the indemnifying party shall pay to the indemnified party the Threshold Amount plus the amount of all indemnification obligations in excess of the Threshold Amount, subject to the provisions of Section 7.6(b) below.

Tipping Basket. No indemnification payments shall be payable pursuant to the indemnification obligations of Seller Sellers pursuant to Section 7.2 or the indemnification obligations of Buyer pursuant to Section 7.3, respectively, unless the total aggregate indemnification obligations under either such Section, as applicable to the indemnifying party, exceeds $50,000 (the "Threshold Amount"). Once the Threshold Amount is satisfied against an indemnifying party, the indemnifying party shall pay to the indemnified party the Threshold Amount plus the amount of all indemnification obligations in excess of the Threshold Amount, subject to the provisions of Section 7.6(b) below.

Tipping Basket. No indemnification payments shall be payable pursuant to the indemnification obligations of Seller Sellers pursuant to Section 7.2 or the indemnification obligations of Buyer pursuant to Section 7.3, respectively, unless the total aggregate indemnification obligations under either such Section, as applicable to the indemnifying party, exceeds $50,000 10,000 (the "Threshold Amount"). Once the Threshold Amount is satisfied against an indemnifying party, the indemnifying party shall pay to the indemnified party the Threshold Amount plus the amount of all indemnification obligations in excess of the Threshold Amount, subject to the provisions of Section 7.6(b) below.