Common use of Damage to Parent Clause in Contracts

Damage to Parent. The parties acknowledge and agree that, if the Surviving Corporation or any of the Acquired Entities suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, then (without limiting any of the rights of the Surviving Corporation or any of the Acquired Entities as a Parent Indemnitee) Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Corporation or any Acquired Entity, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pure Storage, Inc.), Agreement and Plan of Merger (Autodesk Inc)

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Damage to Parent. The parties acknowledge and agree that, if the Surviving Corporation Company or any of the Acquired Entities suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, then (without limiting any of the rights of the Surviving Corporation Company or any of the Acquired Entities as a Parent Indemnitee) Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Corporation Company or any Acquired Entity, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Agreement and Plan of Mergers (Splunk Inc)

Damage to Parent. The parties acknowledge and agree that, if the Surviving Corporation or any of the Acquired Entities suffers, Company suffers or incurs or otherwise becomes subject to any Damages after the Effective Time as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, then (without limiting any of the rights of the Surviving Corporation or any of the Acquired Entities Company as a an Parent Indemnitee) Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Corporation or any Acquired EntityCompany, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Churchill Downs Inc)

Damage to Parent. The parties acknowledge and agree that, if the Surviving Corporation or any of the Acquired Entities suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligationobligation set forth in this Agreement or in connection with any of the matters referred to in this Section 9.2, then (without limiting any of the rights of the Surviving Corporation or any of the Acquired Entities as a Parent an Indemnitee) Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Corporation or any Acquired EntityCorporation, to have incurred Damages as a result of and in connection with such inaccuracy or breachbreach or in connection with such matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Indie Semiconductor, Inc.)

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Damage to Parent. The parties acknowledge and agree that, if the Surviving Corporation or any of the Acquired Entities suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant covenant, agreement or obligationobligation of the Acquired Companies in this Agreement, then (without limiting any of the rights of the Surviving Corporation or as an Indemnitee, but also without duplication of any of Damages actually recovered by the Acquired Entities Surviving Corporation as a Parent an Indemnitee) ), Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Corporation or any Acquired EntityCorporation, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ca, Inc.)

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