Common use of No Circular Recovery Clause in Contracts

No Circular Recovery. Notwithstanding anything to the contrary in this Agreement, each Seller hereby agrees that he, she or it will not make any claim for indemnification against the Buyer, any Buyer Indemnified Person or the Company by reason of the fact that such Seller was a controlling person, director, employee or representative of the Company with respect to any claim brought by a Buyer Indemnified Person against any Seller relating to this Agreement or any of the Contemplated Transactions or that is based on any facts or circumstances that form the basis for an Indemnity Claim by a Buyer Indemnified Person hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Harvard Bioscience Inc)

AutoNDA by SimpleDocs

No Circular Recovery. Notwithstanding anything to the contrary in this Agreement, each the Seller hereby agrees that he, she or it will not make any claim for indemnification against the Buyer, any Buyer Indemnified Person or the Company by reason of the fact that such Seller was a controlling person, director, employee or representative of the Company with respect to any claim brought by a Buyer Indemnified Person against any Seller relating to this Agreement or any of the Contemplated Transactions transactions contemplated hereby or that is based on any facts or circumstances that form the basis for an Indemnity Claim indemnification claim by a Buyer Indemnified Person hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Apricus Biosciences, Inc.)

No Circular Recovery. Notwithstanding anything to the contrary in this Agreement, each Seller hereby agrees that he, she or it will not make any claim for indemnification against the Buyer, any Buyer Indemnified Person or the Company hereunder by reason of the fact that such Seller was a controlling person, director, officer, employee or representative of the any Acquired Company with respect to any claim brought by a Buyer Indemnified Person against any Seller relating to this Agreement or any of the Contemplated Transactions or that is based on any facts or circumstances that form the basis for an Indemnity Claim by a Buyer Indemnified Person hereunder.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (RCS Capital Corp)

AutoNDA by SimpleDocs

No Circular Recovery. Notwithstanding anything to the contrary in this Agreement, each the Seller hereby agrees that he, she or it will not make any claim for indemnification against the Buyer, any Buyer Indemnified Person or the Company by reason of the fact that such the Seller was a controlling person, director, employee or representative of the Company with respect to any claim brought by a Buyer Indemnified Person against any the Seller relating to this Agreement or any of the Contemplated Transactions transactions contemplated hereby or that is based on any facts or circumstances that form the basis for an Indemnity Claim indemnification claim by a Buyer Indemnified Person hereunder.

Appears in 1 contract

Samples: Share Purchase Agreement (Green Mountain Coffee Roasters Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!