Common use of Parent's Right of Offset Clause in Contracts

Parent's Right of Offset. Anything in this Agreement to the ------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration otherwise due to the Shareholder, any amount as to which the Shareholder is obligated to indemnify Parent or Sub pursuant to any provision of this Section 10.5.

Appears in 2 contracts

Samples: Agreement of Merger (Datalink Net Inc), Agreement of Merger (Datalink Net Inc)

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Parent's Right of Offset. Anything in this Agreement to the ------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration otherwise due to the Shareholder, any amount as to which the Shareholder is obligated to indemnify Parent or Sub Wireless pursuant to any provision of this Section 10.5.

Appears in 1 contract

Samples: Agreement of Merger (Datalink Net Inc)

Parent's Right of Offset. Anything in this Agreement to the ------------------------ ------------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration otherwise due to the Shareholder, any amount as to which the Shareholder is obligated to indemnify Parent or Sub pursuant to any provision of this Section 10.510.3.

Appears in 1 contract

Samples: Agreement of Merger (Semotus Solutions Inc)

Parent's Right of Offset. Anything in this Agreement to the ------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration otherwise due to the Shareholder, any amount as to which the Shareholder is obligated to indemnify Parent or Sub Wireless pursuant to any provision of this Section 10.510.8.

Appears in 1 contract

Samples: Agreement of Merger (Datalink Net Inc)

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Parent's Right of Offset. Anything in this Agreement to the ------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration of the merger consideration otherwise due to the Shareholder, any amount Shareholders. The Parent may withhold and set off against these amounts as to which the Shareholder is Targets or the Shareholders are obligated to indemnify Parent pay Parent, Merger Subs or Sub a third party pursuant to any provision of this Section 10.5Agreement (the “Set Off Rights”). This shall be in addition to any other rights or remedies the Parent may have.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Flint Telecom Group Inc.)

Parent's Right of Offset. Anything in this Agreement to the ------------------------ contrary notwithstanding, Parent may withhold and set off against any Merger Consideration otherwise due to the Majority Shareholder, any amount as to which the Majority Shareholder is obligated to indemnify Parent or Sub pursuant to any provision of this Section 10.5.

Appears in 1 contract

Samples: Agreement of Merger (Datalink Net Inc)

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