Reduction in Consideration. Any payments made by the Vendor to the Purchaser in respect of Claims shall, to the extent lawfully possible, be treated by the parties as a reduction in the Consideration; provided, however, that this Clause 5.5 (Reduction in Consideration ) shall not in any way limit or restrict the amount recoverable by the Purchaser or any other person under this agreement to the amount of the Consideration or any other amount (but this is without prejudice to the limitations set out in Clause 6 (Remedies of the Purchaser ).
Appears in 5 contracts
Samples: Purchase Agreement (Teekay Tankers Ltd.), Purchase Agreement, Noncompetition Agreement (Teekay Tankers Ltd.)
Reduction in Consideration. Any payments made by the Vendor to the Purchaser in respect of Claims shall, to the extent lawfully possible, be treated by the parties as a reduction in the Consideration; provided, however, that this Clause 5.5 (Reduction in Consideration ) shall not in any way limit or restrict the amount recoverable by the Purchaser or any other person under this agreement to the amount of the Consideration or any other amount (but this is without prejudice to the limitations set out in Clause 6 (Remedies of the Purchaser 6).
Appears in 4 contracts
Samples: Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Offshore Partners L.P.)
Reduction in Consideration. Any payments made by the Vendor to the Purchaser in respect of Claims shall, to the extent lawfully possible, be treated by the parties as a reduction in the Consideration; provided, however, that this Clause 5.5 (Reduction in Consideration Consideration) shall not in any way limit or restrict the amount recoverable by the Purchaser or any other person under this agreement to the amount of the Consideration or any other amount (but this is without prejudice to the limitations set out in Clause 6 (Remedies of the Purchaser Purchaser).
Appears in 4 contracts
Samples: Purchase Agreement, Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Tankers Ltd.)
Reduction in Consideration. Any payments made by the Vendor to the Purchaser in respect of Claims shall, to the extent lawfully possible, be treated by the parties as a reduction in the Consideration; provided, however, that this Clause 5.5 5.6 (Reduction in Consideration Consideration) shall not in any way limit or restrict the amount recoverable by the Purchaser or any other person under this agreement to the amount of the Consideration or any other amount (but this is without prejudice to the limitations set out in Clause 6 (Remedies of the Purchaser Purchaser).
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Option Agreement (Teekay Offshore Partners L.P.)
Reduction in Consideration. Any payments made by the Vendor Sellers to the Purchaser Buyer in respect of Claims any Claim shall, to the extent lawfully possible, be treated by the parties as a reduction in the Consideration; provided, however, Consideration provided that this Clause 5.5 (Reduction in Consideration ) 5.4 shall not in any way limit or restrict the amount recoverable by the Purchaser Buyer or any other person under this agreement Agreement to the amount of the Consideration or any other amount (but this is without prejudice to the limitations set out in Clause 6 (Remedies of the Purchaser )amount.
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