Recovery of Losses. (a) Subject to the limitations in Section 7.6 below: (i) a Parent Indemnified Person will recover any claim for indemnity under Sections 7.2 or 7.3 relating to breaches of representations or warranties directly from any breaching Certain Company Shareholder, who will be individually liable for such amounts; (ii) a Parent Indemnified Person will recover all claims for indemnity under Sections 7.2 or 7.3, directly from the Certain Company Shareholders, who will be jointly and severally liable for such amounts.
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Samples: Agreement and Plan of Merger (Shea Development Corp.), Agreement and Plan of Merger (Shea Development Corp.)
Recovery of Losses. (a) Subject to the limitations in Section 7.6 below: (i) a Parent Indemnified Person will recover any claim for indemnity under Sections 7.2 or 7.3 relating to breaches of representations or warranties directly from any breaching Certain Company Shareholder, who will be individually liable for such amounts; (ii) a Parent Indemnified Person will recover all claims for indemnity under Sections 7.2 or 7.3, directly from the Certain Company Shareholders, who will be jointly and severally liable for such amounts.
Appears in 1 contract
Recovery of Losses. (a) Subject to the limitations in Section 7.6 Sections 7.4(b) and 7.5 below: (i) a Parent Indemnified Person will recover any claim for indemnity under Sections 7.2 7.2(a) or 7.3 relating to breaches of representations or warranties directly from any the breaching Certain Company Shareholder, who will be individually liable for such amounts; (ii) a Parent Indemnified Person will recover all claims for indemnity under Sections 7.2 or 7.3, directly from the Certain Company Shareholders, who will be jointly and severally liable for such amounts.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Shea Development Corp.)
