Common use of Seller Representative Clause in Contracts

Seller Representative. A decision, act, consent or instruction of the Seller Representative under this Article 2 shall constitute a decision of all Sellers and shall be final, binding and conclusive upon each Seller, and the other Parties may rely upon any decision, act, consent or instruction of the Seller Representative under this Article 2 as being the decision, act, consent or instruction of each and every Seller. The other Parties are hereby relieved from any liability to any Person (including Sellers and their respective Affiliates) for any acts done by it in accordance with such decision, act, consent or instruction of the Seller Representative. Notices or communications to or from the Seller Representative shall constitute notice to or from each Seller for purposes of this Investor Rights Agreement. All acts of the Seller Representative under this Article 2 in its capacity as such shall be deemed to be acts on behalf of Sellers. The service by the Seller Representative shall be without compensation. Each Seller hereby consents and agrees to all actions or inactions taken or omitted to be taken in good faith by the Seller Representative under this Investor Rights Agreement and hereby agrees to indemnify and hold harmless, jointly and severally, the Seller Representative from and against all damages, losses, liabilities, charges, penalties, costs and expenses (including court costs and legal fees and expenses) incurred or suffered by the Seller Representative acting in such capacity, provided that the Seller Representative was acting in good faith.

Appears in 4 contracts

Samples: Business Combination Agreement (Goal Acquisitions Corp.), Investor Rights Agreement (Goal Acquisitions Corp.), Investor Rights Agreement (Goal Acquisitions Corp.)

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