Common use of Damage to Parent Clause in Contracts

Damage to Parent. The Parties acknowledge and agree that if the Surviving Company suffers, incurs or otherwise becomes subject to any Losses as a result of or in connection with any inaccuracy in or breach of the representation, warranty, covenant, agreement, or obligation of the Company or the Indemnifying Securityholders, then (without limiting any of the rights of the Surviving Company as an Indemnified Party) Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Company, to have incurred Losses as a result of and in connection with such inaccuracy or breach.

Damage to Parent. The Parties parties acknowledge and agree that that, if the Surviving Company suffers, incurs or otherwise becomes subject to any Losses Damages that are indemnifiable pursuant to Section 9.2 as a result of or in connection with any inaccuracy in or breach of the any representation, warranty, covenant, agreement, covenant or obligation of the Company or the Indemnifying Securityholdersobligation, then (without limiting any of the rights of the Surviving Company as an Indemnified Party) Indemnitee), subject to the limitations contained in this Section 9, Parent shall also be deemed, by virtue of its ownership of the stock of the Surviving Company, to have incurred Losses Damages as a result of and in connection with such inaccuracy or breach.