Common use of Limitation on the Indemnification Obligation Clause in Contracts

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 (the "Indemnifying Party") shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "Indemnified Party") of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by Stockholders, underwriter or controlling person and stated to be specifically for use therein.

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 (the "“Indemnifying Party"”) shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "“Indemnified Party"”) of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by Stockholdersany Stockholder, underwriter or controlling person and stated to be specifically for use therein.

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 (the "Indemnifying Party") shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "Indemnified Party") of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by StockholdersStockholder, underwriter or controlling person and stated to be specifically for use therein.

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 (the "“Indemnifying Party"”) shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "“Indemnified Party"”) of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by Stockholdersany Stockholder, underwriter or controlling person and stated to be specifically for use therein. (c) Except in the case of fraud or willful misconduct, in no event shall any indemnity of a Stockholder pursuant to Section 4.2 exceed the net proceeds of the offering received by such Holder.

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 3 (the "Indemnifying Party") shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "Indemnified Party") of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 3.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission or alleged omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by Stockholders, underwriter or controlling person Holder and stated to be specifically for use therein.

Limitation on the Indemnification Obligation. (a) No party required to provide indemnification under this Section 4 3 (the "“Indemnifying Party"”) shall be liable, and shall have any indemnification obligation hereunder, for any amounts paid in settlement by any party entitled to indemnification hereunder (the "“Indemnified Party"”) of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party (which consent shall not be unreasonably withheld). (b) The Company shall not be liable under Section 4.1 3.1 hereof for any such claim, loss, damage, liability or expense to the extent it arises out of or is based on any untrue statement or omission or alleged omission, made in reliance on and in conformity with written information furnished to the Company by an instrument duly executed by Stockholders, underwriter or controlling person Holders and stated to be specifically for use therein.