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

No Liability for Election of Recommended Directors. No Voting Party, nor any Affiliate of any Voting Party, 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 Voting 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 (collectively, 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, including, without limitation, any general partner, managing member, officer, director or trustee of such Person, or any venture capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners, managing members or investment advisers of, or shares the same management company or investment adviser with, such Person.

No Liability for Election of Recommended Directors. No Voting PartyShareholder, nor any Affiliate (as defined below) of any Voting PartyShareholder, 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 CompanyParent, nor shall any Voting Party Shareholder 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 (collectively, 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, including, without limitation, any general partner, managing member, officer, officer or director or trustee of such Person, Person or any venture capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners, partners or managing members or investment advisers of, or shares the same management company or investment adviser with, such Person.

No Liability for Election of Recommended Directors. No Voting PartyShareholder, nor any Affiliate of any Voting PartyShareholder, 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 Voting Party Shareholder 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 (collectively, 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, including, without limitation, any general partner, managing member, officer, officer or director or trustee of such Person, Person or any venture capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners, partners or managing members or investment advisers of, or shares the same management company or investment adviser with, such Person.

No Liability for Election of Recommended Directors. No Voting PartyStockholder, nor any Affiliate of any Voting PartyStockholder, 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 Voting Party 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 (collectively, a “Person”) 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, including, without limitation, any general partner, managing member, officer, officer or director or trustee of such Person, Person or any venture capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners, partners or managing members or investment advisers of, or shares the same management company or investment adviser with, such Person.