Liability towards STAK Clause Samples

Liability towards STAK. In accordance with Clause 10.4.3, the liability of the Seller shall be limited to 95,6% (ninety-five point six per cent) of each Loss incurred by the Purchaser as a result of a claim under this Agreement in excess of the Escrow Amount, with a view to reflecting that STAK shall not bear (directly or indirectly) any part of each such Loss. In view of the foregoing, the Seller, the Seller Shareholders and the Individual Shareholders shall be severally and jointly, as co-principal debtors (hoofdelijk aansprakelijk), liable to STAK, as an irrevocable third party stipulation (onherroepelijk derdenbeding), for 4,4% (four point four per cent) of: