Common use of Limitation on Contribution and Certain Other Rights Clause in Contracts

Limitation on Contribution and Certain Other Rights. Each of the Founding Stockholders hereby agrees that if, following the Closing, any payment is made by such Founding Stockholder, or otherwise becomes due from such Founding Stockholder, pursuant to Section 5.2 in respect of any Losses (a "Loss Payment"), such Founding Stockholder shall have no rights against the Acquired Company, or any director, officer or employee thereof (in their capacity as such), whether by reason of contribution, indemnification, subrogation or otherwise, in respect of any such Loss Payment, and shall not take any action against the Acquired Company or any such person with respect thereto.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Radian Group Inc), Stock Purchase Agreement (Radian Group Inc), Stock Purchase Agreement (Radian Group Inc)

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Limitation on Contribution and Certain Other Rights. Each of the Founding Stockholders hereby agrees that if, following the Closing, any payment is made by such Founding Stockholder, or otherwise becomes due from such Founding Stockholder, pursuant to this Section 5.2 9 in respect of any Losses (a "Loss Payment"), such Founding Stockholder shall have no rights against the Acquired Company, or any director, officer or employee thereof (in their capacity as such), whether by reason of contribution, indemnification, subrogation or otherwise, in respect of any such Loss Payment, and shall not take any action against the Acquired Company or any such person with respect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Private Business Inc)

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