Common use of Limitation on Enforcement of Remedies Clause in Contracts

Limitation on Enforcement of Remedies. The Company hereby agrees that it will not assert against the shareholders, directors, officers, employees, limited partners or other equityholders of any of the Investors or any of their Affiliates any claim it may have under this Agreement by reason of any breach or alleged breach by such Investor of this Agreement. In no event shall the amount of Damages for which any Investor will be responsible under this Agreement by reason of any failure or alleged failure by such Investor to meet its obligations hereunder exceed such Investor’s Purchase Price.

Appears in 3 contracts

Samples: Share Purchase Agreement, Convertible Preference Share Purchase Agreement (Alibaba Group Holding LTD), Convertible Preference Share Purchase Agreement (Alibaba Group Holding LTD)

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Limitation on Enforcement of Remedies. The Company hereby agrees that it will not assert against the shareholders, directors, officers, employees, limited partners or other equityholders of any of the Investors or any of their Affiliates any claim it may have under this Agreement by reason of any breach failure or alleged breach failure by such Investor of this Agreementto meet its obligations hereunder. In no event shall the amount of Damages for which any Investor will be responsible under this Agreement by reason of any failure or alleged failure by such Investor to meet its obligations hereunder exceed such Investor’s Purchase Price.

Appears in 1 contract

Samples: Share Purchase and Investor Rights Agreement (Alibaba Group Holding LTD)

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