Common use of Proportional Indemnity Clause in Contracts

Proportional Indemnity. Anything to the contrary contained herein ---------------------- notwithstanding, any indemnity provided by any Stockholder making a Transfer pursuant to this Article V shall be in proportion to and limited to the consideration received by such Stockholder for the Company Stock transferred by such Stockholder, as a percentage of all consideration received by all Stockholders for all Company Stock transferred pursuant to this Article V.

Appears in 4 contracts

Samples: Stockholder Agreement (Titus Interactive S A), Stockholder Agreement (Interplay Entertainment Corp), Stockholder Agreement (Fargo Brian)

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