Common use of Determination of Indemnifiable Losses Clause in Contracts

Determination of Indemnifiable Losses. For the purpose of calculating the amount of the Losses resulting from a breach or inaccuracy of a representation or warranty (but not for the purpose of determining the existence of such breach or inaccuracy), any “material,” “materiality” or “Material Adverse Effect” qualifiers or words of similar import contained in such representation or warranty giving rise to the claim of indemnity hereunder shall in each case be disregarded and without effect (as if such standard or qualification were deleted from such representation or warranty).

Appears in 3 contracts

Samples: Stock Purchase Agreement (Nabriva Therapeutics PLC), Stock Purchase Agreement (Aratana Therapeutics, Inc.), Agreement and Plan of Merger (Aratana Therapeutics, Inc.)

AutoNDA by SimpleDocs

Determination of Indemnifiable Losses. For the purpose of calculating determining the amount of the Losses resulting from a breach or inaccuracy of a representation or warranty (but not for the purpose of determining the existence of such breach or inaccuracy), any “material,” “materiality” or “Material Adverse Effect” qualifiers or words of similar import contained in such representation or warranty giving rise to the claim of indemnity hereunder shall in each case be disregarded and without effect (as if such standard or qualification were deleted from such representation or warranty).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Usa Technologies Inc), Agreement and Plan of Merger (Ligand Pharmaceuticals Inc), Agreement and Plan of Merger (Ligand Pharmaceuticals Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!