Common use of Proportionate Liability Clause in Contracts

Proportionate Liability. The liability of the Shareholder under this Section shall in no event exceed 50 percent of the value of the Acquirer shares received by such Shareholder.

Appears in 9 contracts

Sources: Acquisition Agreement (Rayont, Inc.), Acquisition Agreement (Velt International Group Inc.), Acquisition Agreement (Velt International Group Inc.)

Proportionate Liability. The liability of the Shareholder Sellers under this Section shall in no event exceed 50 percent of the value of the Acquirer shares received by such ShareholderSellers.

Appears in 2 contracts

Sources: Share Sale Agreement (3d Pioneer Systems, Inc.), Acquisition Agreement (Rayont Inc.)