Common use of Limitation on Contribution and Certain Other Rights Clause in Contracts

Limitation on Contribution and Certain Other Rights. The Consenting Stockholder hereby agrees that if, following the Effective Time, any Losses become due from the Consenting Stockholder pursuant to this Section 6.2 (a “Loss Payment”), the Consenting Stockholder shall have no rights against Parent, the Company or any of their directors, officers or employees (in their capacity as such), whether by reason of contribution, indemnification, subrogation or otherwise, in respect of any such Loss Payment, and the Consenting Stockholder shall not take any action against Parent or any such Person with respect thereto.

Appears in 2 contracts

Sources: Stockholder Consent Agreement (Heckmann CORP), Stockholder Consent Agreement (Heckmann CORP)