Limitation on Contribution and Certain Other Rights. If any claim is made against or otherwise becomes due from the Stockholder Indemnifying Party pursuant to Section 5.2 in respect of any Losses (a “Loss Payment”), the Stockholder Indemnifying Party will have no rights against the Company, any subsidiary or any director, officer or employee thereof, whether by reason of contribution, indemnification, subrogation or otherwise in respect of that Loss Payment, and shall not take any action against the Company or any such Person with respect thereto.
Appears in 2 contracts
Sources: Major Stockholder Contribution and Exchange Agreement, Major Stockholder Contribution and Exchange Agreement (Open Link Financial, Inc.)