Common use of Limitation of Liability of Sellers and Covenantors Clause in Contracts

Limitation of Liability of Sellers and Covenantors. Notwithstanding any other provision of this Asset Purchase Agreement, the maximum liability of the Sellers (including their successors) to the Purchaser hereunder shall be 100% of the cash and shares comprising the Purchase Price and actually received by the Sellers (or their nominee) from the Purchaser and the maximum liability of the Covenantors (including their successors) shall be 100% of the cash and shares comprising the Purchase Price and actually received by the Sellers (or their nominee) from the Purchaser.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Spartan Gold Ltd.), Asset Purchase Agreement (Standard Gold), Asset Purchase Agreement (Princeton Acquisitions Inc)

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