Common use of Allowances, Provisions or Reserves Clause in Contracts

Allowances, Provisions or Reserves. 15.6.1 The Buyer shall not be liable for any Seller Claim under a Buyer Warranty to the extent that a specific and proper allowance, provision or reserve has been made in the Buyer’s Accounts for the matter giving rise to such Seller Claim. 15.6.2 The Buyer shall not be liable in respect of any Seller Claim under a Buyer Warranty to the extent that any matter giving rise to the Seller Claim is specifically and properly included as a liability into the Buyer’s Accounts.

Appears in 2 contracts

Sources: Agreement for the Sale and Purchase of Shares (Yandex N.V.), Agreement for the Sale and Purchase of the Issued Share Capital (Yandex N.V.)

Allowances, Provisions or Reserves. 15.6.1 10.8.1 The Buyer Seller shall not be liable for any Seller Warranty Claim under a Buyer Warranty to the extent that a specific and proper allowance, provision or reserve has been made in the Buyer’s Accounts for the matter giving rise to such Seller Warranty Claim. 15.6.2 10.8.2 The Buyer Seller shall not be liable in respect of any Seller Warranty Claim under a Buyer Warranty to the extent that any matter giving rise to the Seller Warranty Claim is specifically and properly included as a liability into the Buyer’s Accounts.

Appears in 1 contract

Sources: New Share Purchase Agreement (Yandex N.V.)