Common use of No Circular Recovery Clause in Contracts

No Circular Recovery. Effective as of the Closing, Seller hereby waives and releases any and all rights that Seller may have under this Agreement or otherwise (including pursuant to the Organizational Documents of any Company) for contribution or reimbursement from any Company for any action taken or not taken by Seller or such Company at or prior to the Closing with respect to any matter that gives rise to a Buyer Loss for which a Seller Liability Determination is made pursuant to this Article VIII.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Daseke, Inc.), Purchase and Sale Agreement (Daseke, Inc.)

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No Circular Recovery. Effective as of the Closing, Seller Sellers hereby waives waive and releases release any and all rights that any Seller may have under this Agreement or otherwise (including pursuant to the Organizational Documents of any Company) for contribution or reimbursement from any Company for any action taken or not taken by a Seller or such Company at or prior to the Closing with respect to any matter that gives rise to a Buyer Loss for which a Seller Liability Determination is made pursuant to this Article VIII.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Daseke, Inc.)

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No Circular Recovery. Effective as of the Closing, Seller Sellers hereby waives waive and releases release any and all rights that any Seller may have under this Agreement or otherwise (including pursuant to the Organizational Documents of any Company) for contribution or reimbursement from any Company for any action taken or not taken by a Seller or such Company at or prior to the Closing with respect to any matter that gives rise to a Buyer Loss for which a Seller Liability Determination is made pursuant to this Article VIII.X.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Genius Brands International, Inc.)

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