Common use of Damage to Buyer Clause in Contracts

Damage to Buyer. The Parties acknowledge and agree that, if the Company suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, by a Seller, then (in lieu of any of the rights of Company as an indemnitee), Buyer shall be deemed, by virtue of its ownership of the Shares, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Kitov Pharma Ltd.), Share Purchase Agreement (Purple Biotech Ltd.)

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Damage to Buyer. The Parties parties acknowledge and agree that, if the Company suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, by a Sellerobligation as set forth in Section 10.02(a), then (in lieu of without limiting any of the rights of the Company or the Company’s Subsidiary as an indemnitee), a Buyer Indemnitee) Buyer shall also be deemed, by virtue of its ownership of the SharesCompany and the Company’s Subsidiary, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Akerna Corp.)

Damage to Buyer. The Parties acknowledge and agree that, if the Company suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, by a Seller, then (in lieu of without limiting any of the rights of Company as an indemnitee), Buyer shall also be deemed, by virtue of its ownership of the Shares, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Kitov Pharmaceuticals Holdings Ltd.)

Damage to Buyer. The Parties parties acknowledge and agree that, if the Company suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, by a Sellerobligation as set forth in Section 8.02(a) or Section 8.02(b), then (in lieu of without limiting any of the rights of the Company or the Company’s Subsidiary as an indemnitee), a Buyer Indemnitee) Buyer shall also be deemed, by virtue of its ownership of the SharesCompany and the Company’s Subsidiary, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Akerna Corp.)

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Damage to Buyer. The Parties parties acknowledge and agree that, if the Company suffers, incurs or otherwise becomes subject to any Damages as a result of or in connection with any inaccuracy in or breach of any representation, warranty, covenant or obligation, by a Seller, then (in lieu of without limiting any of the rights of the Company as an indemnitee), a Buyer Indemnitee) Buyer shall also be deemed, by virtue of its ownership of the SharesCompany, to have incurred Damages as a result of and in connection with such inaccuracy or breach.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Akerna Corp.)

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