Common use of Waiver of Subrogation and Other Rights Clause in Contracts

Waiver of Subrogation and Other Rights. Buyer shall not be -------------------------------------- required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any losses before enforcing its rights hereunder against any other Indemnifying Party, and Stockholder expressly waives all rights he may have, now or in the future, under any statute, or at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any one of them in respect of any losses before proceeding against, or as a condition to proceeding against, any other of them.

Appears in 1 contract

Samples: Stock Purchase Agreement (Virtual Mortgage Network Inc)

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Waiver of Subrogation and Other Rights. Buyer shall not be -------------------------------------- required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any losses Losses before enforcing its rights hereunder against any other Indemnifying Party, and Stockholder each Seller expressly waives all rights he any Seller may have, now or in the future, under any statute, or at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any one of them Indemnifying Party in respect of any losses Losses before proceeding against, or as a condition to proceeding against, any other of themIndemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Procom Technology Inc)

Waiver of Subrogation and Other Rights. Except as otherwise provided in this Agreement, Buyer shall not be -------------------------------------- required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any losses before enforcing its rights hereunder against any other Indemnifying Party, and Stockholder each Shareholder expressly waives all rights he such Shareholder may have, now or in the future, under any statute, or at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any one of them Indemnifying Party in respect of any losses before proceeding against, or as a condition to proceeding against, any other of themIndemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wynns International Inc)

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Waiver of Subrogation and Other Rights. Buyer shall not be -------------------------------------- required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any losses before enforcing its rights hereunder against any other Indemnifying Party, and Stockholder each Seller expressly waives all rights he such Seller may have, now or and in the future, under any statute, or at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any one of them Indemnifying Party in respect of any losses before proceeding against, or as a condition to proceeding against, any other of themIndemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Avant Corp)

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