Common use of No Liability for Election of Recommended Directors Clause in Contracts

No Liability for Election of Recommended Directors. No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement. For purposes of this Agreement, an individual, firm, corporation, partnership, association, limited liability company, trust or any other entity (each, a “Person”) shall be deemed an “Affiliate” of another Person who, directly or indirectly, controls, is controlled by or is under common control with such Person.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fuse Medical, Inc.), Adoption Agreement (Fuse Medical, Inc.)

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No Liability for Election of Recommended Directors. No Stockholderparty, nor any Affiliate of any Stockholdersuch party, shall have any liability as a result of designating a person Person for election as a director for any act or omission by such designated person Person in his or her capacity as a director of the Company, nor shall any Stockholder party have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement. For purposes of this Agreement, an individual, firm, corporation, partnership, association, limited liability company, trust or any other entity (eachcollectively, a “Person”) shall be deemed an “Affiliate” of another Person who, directly or indirectly, controls, is controlled by or is under common control with such Person.

Appears in 1 contract

Samples: Voting Agreement (Synovics Pharmaceuticals)

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No Liability for Election of Recommended Directors. No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement. For purposes of this Agreement, “Person” means an individual, firm, corporation, partnership, association, limited liability company, trust or any other entity (eachentity. For purposes of this Agreement, a “Person”) shall be deemed an “Affiliate” of another means, with respect to any specified Person, any other Person who, directly or indirectly, controls, is controlled by or is under common control with with, such Person, including without limitation any general or limited partner, managing member, officer or director of such Person.

Appears in 1 contract

Samples: Voting Agreement (Constellation Alpha Capital Corp.)

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