Common use of Indemnification as Sole Remedy Clause in Contracts

Indemnification as Sole Remedy. Following the Closing, except as set forth in Section 1.8(b) (Post-Closing Adjustment), Section 5.6(j)(i) (Registration Statement Indemnification), Section 5.8 (Tax Matters), and Section 11.10 (Remedies; Specific Performance) the indemnification provided for in this Section 9 shall be the sole and exclusive remedy and recourse for any breach of this Agreement. Notwithstanding the foregoing or anything else in this Agreement to the contrary, (a) in the case of fraud, the Indemnitees, as applicable, shall have all remedies available under this Agreement or otherwise at Law without giving effect to any of the limitations or waivers contained herein, and (b) nothing herein shall limit any party’s right to seek and obtain equitable remedies with respect to any covenant or agreement contained in this Agreement or any Ancillary Agreement.

Appears in 1 contract

Sources: Merger Agreement (Sorrento Therapeutics, Inc.)

Indemnification as Sole Remedy. Following the Closing, except as set forth in Section 1.8(b) 5.1 (Post-Closing Adjustment), Section 5.6(j)(i) (Registration Statement Indemnification), Section 5.8 (Agreements Regarding Tax Matters), Section 5.12(e) (Rule 3-05B Fee), and Section 11.10 8.12 (Remedies; Specific Performance) ), the indemnification provided for in this Section 9 Article VII shall be the sole and exclusive remedy and recourse for any breach of this Agreement. Notwithstanding the foregoing or anything else in this Agreement to the contrary, (a) in the case of fraud, the IndemniteesPurchaser Indemnified Parties, as applicable, shall have all remedies available under this Agreement or otherwise at Law without giving effect to any of the limitations or waivers contained herein, and (b) nothing herein shall limit any partyParty’s right to seek and obtain equitable remedies with respect to any covenant or agreement contained in this Agreement or any Ancillary AgreementTransaction Document.

Appears in 1 contract

Sources: Asset Purchase Agreement (Mohawk Group Holdings, Inc.)

Indemnification as Sole Remedy. Following the Closing, except as set forth in Section 1.8(b2.11(b) (Post-Closing Adjustment), Section 5.6(j)(i) 6.1 (Registration Statement Indemnification), Section 5.8 (Agreements Regarding Tax Matters), and Section 11.10 10.12 (Remedies; Specific Performance) ), the indemnification provided for in this Section 9 Article IX shall be the sole and exclusive remedy and recourse for any breach of this Agreement. Notwithstanding the foregoing or anything else in this Agreement to the contrary, (a) in the case of fraudActual Fraud of any Person other than an Acquired Company, the IndemniteesIndemnified Parties, as applicable, shall have all remedies available under this Agreement or otherwise at Law without giving effect to any of the limitations or waivers contained herein, and (b) nothing herein shall limit any partyParty’s right to seek and obtain equitable remedies with respect to any covenant or agreement contained in this Agreement or any Ancillary Agreement.

Appears in 1 contract

Sources: Merger Agreement (Sorrento Therapeutics, Inc.)

Indemnification as Sole Remedy. Following the Closing, except as set forth in Section 1.8(b) 5.1 (Post-Closing Adjustment), Section 5.6(j)(i) (Registration Statement Indemnification), Section 5.8 (Agreements Regarding Tax Matters), Section 5.16 (Registration and Certain Other Rights) and Section 11.10 8.12 (Remedies; Specific Performance) ), the indemnification provided for in this Section 9 Article VII and the right to recover under the R&W Insurance Policy shall be the sole and exclusive remedy and recourse for any breach of this Agreement. Notwithstanding the foregoing or anything else in this Agreement to the contrary, (a) in the case of fraud, the IndemniteesPurchaser Indemnified Parties, as applicable, shall have all remedies available under this Agreement or otherwise at Law without giving effect to any of the limitations or waivers contained herein, and (b) nothing herein shall limit any partyParty’s right to seek and obtain equitable remedies with respect to any covenant or agreement contained in this Agreement or any Ancillary AgreementTransaction Document.

Appears in 1 contract

Sources: Asset Purchase Agreement (Aterian, Inc.)

Indemnification as Sole Remedy. Following the Closing, except as set forth in Section 1.8(b2.11(b) (Post-Closing Adjustment), Section 5.6(j)(i) 6.1 (Registration Statement Indemnification), Section 5.8 (Agreements Regarding Tax Matters), and Section 11.10 10.12 (Remedies; Specific Performance) ), the indemnification provided for in this Section 9 Article IX shall be the sole and exclusive remedy and recourse of the Indemnified Parties for any breach of this Agreement. Notwithstanding the foregoing or anything else in this Agreement to the contrarysentence, (a) in the case of fraudActual Fraud of any Person other than the Company, the IndemniteesIndemnified Parties, as applicable, shall have all remedies available under this Agreement or otherwise at Law with respect to such Person without giving effect to any of the limitations or waivers contained herein, herein and (b) nothing herein shall limit any partyParty’s right to seek and obtain equitable remedies with respect to any covenant or agreement contained in this Agreement or any Ancillary Agreement.

Appears in 1 contract

Sources: Merger Agreement (Sorrento Therapeutics, Inc.)