Common use of Compensation Responsibility Clause in Contracts

Compensation Responsibility. 4.5.1 Unless otherwise described in this Agreement, the Transferor hereby confirms that in the event the Transferee and/or the Target Company suffers from any losses arising from legal responsibilities incurred by the Target Company before the Closing Date (except for those disclosed to the Transferee), the Transferor shall be liable for full guarantee or compensation to the Transferee, the Target Company or Vimicro Shenzhen. For the avoidance of doubt, the Transferor hereby undertakes to the Target Company, Vimicro Shenzhen and the Transferee that the Transferor shall compensate the Target Company, Vimicro Shenzhen and the Transferee for all legal responsibilities and liabilities incurred by the Target Company before the Closing Date, so as to guarantee the Target Company, Vimicro Shenzhen and the Transferee suffer from no losses.

Compensation Responsibility. 4.5.1 Unless otherwise described in this Agreement, the Transferor hereby confirms that in the event the Transferee and/or the Target Company suffers from any losses arising from legal responsibilities incurred by the Target Company before the Closing Date (except for those disclosed to the Transferee), the Transferor shall be liable for full guarantee or compensation to the Transferee, the Target Company or Vimicro ShenzhenShanghai. For the avoidance of doubt, the Transferor hereby undertakes to the Target Company, Vimicro Shenzhen Shanghai and the Transferee that the Transferor shall compensate the Target Company, Vimicro Shenzhen Shanghai and the Transferee for all legal responsibilities and liabilities incurred by the Target Company before the Closing Date, so as to guarantee the Target Company, Vimicro Shenzhen Shanghai and the Transferee suffer from no losses.