No Contribution Clause Samples
The No Contribution clause establishes that a party is not required to contribute to any losses, damages, or liabilities that another party may incur, even if both parties are responsible for the same issue. In practice, this means that if multiple parties are found liable for a claim, the party protected by this clause will not have to pay a share of the other party’s costs or damages. This clause is commonly used to allocate risk and ensure that each party is solely responsible for its own liabilities, preventing one party from seeking reimbursement or contribution from the other in the event of a loss.
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No Contribution. Each Designated Shareholder waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or the Designated Shareholders' Closing Certificate.
No Contribution. The Company Stockholders shall not have and shall not exercise or assert (or attempt to exercise or assert) any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which such Company Stockholders may become subject under or in connection with this Agreement or the Escrow Agreement.
No Contribution. No stockholders of the Company shall have any right of contribution, right of indemnity or other right or remedy against Merger Sub or the Company in connection with any indemnification obligation or any other liability to which she, he or it may become subject under or in connection with this Agreement.
No Contribution. Each Selling Shareholder waives, and acknowledges and agrees that such Selling Shareholder shall not have and shall not exercise or assert or attempt to exercise or assert, any right of contribution or right of indemnity or any other right or remedy against Assist in connection with any indemnification obligation or any other Liability to which such Selling Shareholder may become subject under any of the Transactional Agreements or otherwise in connection with any of the Transactions.
No Contribution. 40 10.6 Interest................................................... 40 10.7 Defense of Third Party Claims (Parent)..................... 40 10.8 Defense of Third Party Claims (501 Company)................ 40 10.9 Exercise of Remedies by Indemnitees Other Than The Parent.. 41
No Contribution. Each Indemnitor waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against Merger Sub or the Company in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or any other agreement or document delivered to Parent in connection with this Agreement.
No Contribution. Seller shall not have, and shall not be entitled to exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against any Acquired Company in connection with any indemnification obligation or any other liability to which it may become subject under or in connection with this Agreement.
No Contribution. Each Seller waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against any of the Acquired Companies in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or any other agreement or document delivered to Purchaser in connection with this Agreement.
No Contribution. 30 9.5 Defense of Third Party Claims ......................................................................................... 30 9.6
No Contribution. No Indemnifying Party or its employees or agents shall have any right of contribution, right of indemnity or other right or remedy against the Operating Company in connection with any indemnification obligation or any other liability to which she, he or it may become subject under or in connection with this Agreement.