Common use of Relevant Claims Clause in Contracts

Relevant Claims. 2.1 In the event that the Purchaser brings a Relevant Claim or otherwise seeks to recover any loss or damage pursuant to a claim against the Escrow Shares held in the Escrow Account from time to time, the Sellers’ Representative may at his option undertake the defence thereof by representatives of his own choosing. 2.2 So long as the Sellers’ Representative has assumed the defence of any Relevant Claim or other claim in the manner set out in paragraph 2.1 above, the Sellers’ Representative shall have the exclusive right to contest, defend and litigate such Relevant Claim or other claim and shall have the exclusive right, in his sole discretion, to settle any such Relevant Claim or other claim, either before or after the initiation of litigation at such time and on such terms as the Sellers’ Representative deems appropriate. 2.3 Subject to entry into of appropriate confidentiality agreements, the Purchaser shall provide the Sellers’ Representative at the Sellers’ Representative cost with reasonable access to relevant records and other information that shall be reasonably requested (subject to entry into appropriate confidentiality agreements) for defending against a Relevant Claim. 2.4 The Purchaser agrees that it will not bring any claim against a Group Company in respect of which any Seller may have any liability under the terms of this Agreement. 1. Limitation on Quantum

Appears in 1 contract

Sources: Sale and Purchase Agreement

Relevant Claims. 2.1 In the event that the Purchaser brings a Relevant Claim or otherwise seeks to recover any loss or damage pursuant to a claim against the Escrow Shares held in the Escrow Account from time to time, the Sellers’ Representative may at his option undertake the defence thereof by representatives of his own choosing. 2.2 So long as the Sellers’ Representative has assumed the defence of any Relevant Claim or other claim in the manner set out in paragraph 2.1 above, the Sellers’ Representative shall have the exclusive right to contest, defend and litigate such Relevant Claim or other claim and shall have the exclusive right, in his sole discretion, to settle any such Relevant Claim or other claim, either before or after the initiation of litigation at such time and on such terms as the Sellers’ Representative deems appropriate. 2.3 Subject to entry into of appropriate confidentiality agreements, the Purchaser shall provide the Sellers’ Representative at the Sellers’ Representative cost with reasonable access to relevant records and other information that shall be reasonably requested (subject to entry into appropriate confidentiality agreements) for defending against a Relevant Claim. 2.4 The Purchaser agrees that it will not bring any claim against a Group Company in respect of which any Seller may have any liability under the terms of this Agreement. 1. Limitation on Quantum

Appears in 1 contract

Sources: Sale and Purchase Agreement (Ebay Inc)