Conditions to Obagi’s Obligations. The obligations of Obagi with respect to an Approved Sale are subject to the satisfaction of the following conditions: (i) if any holder of a class and series of stock held by Obagi is given an option as to the form and amount of consideration to be received, Obagi will be given the same option; and (ii) Obagi’s maximum indemnification liability pursuant to the Approved Sale shall not exceed the amount of proceeds received by Obagi from such Approved Sale.
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Samples: Investors’ Rights Agreement (Obagi Medical Products, Inc.), Investors’ Rights Agreement (Obagi Medical Products, Inc.), Investors’ Rights Agreement (Obagi Medical Products, Inc.)
Conditions to Obagi’s Obligations. The obligations of Obagi with respect to an Approved Sale are subject to the satisfaction of the following conditions: (i) if any holder of a class and series of stock held by Obagi is given an option as to the form and amount of consideration to be received, Obagi will be given the same option; and (ii) Obagi’s 's maximum indemnification liability pursuant to the Approved Sale shall not exceed the amount of proceeds received by Obagi from such Approved Sale.
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