Common use of Liability of the Shareholder Representative Clause in Contracts

Liability of the Shareholder Representative. The Shareholder ------------------------------------------- Representative shall not be personally liable to Parent, Acquisition Sub or the Company, for or in respect of any loss, claim, damage, liability or expense resulting from or arising out of any act or failure to act by the Shareholder Representative in connection with this Agreement, other than for any loss, claim, damage, liability or expense which shall be finally adjudicated to be the result of gross negligence or willful bad faith on the part of the Shareholder Representative.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (MJD Communications Inc), Agreement and Plan of Merger (MJD Communications Inc), Agreement and Plan of Merger (MJD Communications Inc)

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