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 each Seller expressly waives all rights any Seller may have, now or in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any Indemnifying Party in respect of any Losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Procom Technology Inc)

AutoNDA by SimpleDocs

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 each Seller Stockholder expressly waives all rights any Seller 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 Indemnifying Party one of them in respect of any Losses losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Partyof them.

Appears in 1 contract

Samples: Stock Purchase Agreement (Virtual Mortgage Network Inc)

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 each Seller expressly waives all rights any such Seller may have, now or and in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any Indemnifying Party in respect of any Losses losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Avant Corp)

AutoNDA by SimpleDocs

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 losses before enforcing its rights hereunder against any other Indemnifying Party, and each Seller Shareholder expressly waives all rights any Seller such Shareholder may have, now or in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any Indemnifying Party in respect of any Losses losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wynns International Inc)

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