Common use of Surviving Entity Clause in Contracts

Surviving Entity. The Parties acknowledge and agree that if the Surviving Entity suffers, sustains or becomes subject to or incurs any Damages, then (without limiting any of the rights of the Surviving Entity as an Indemnified Person), Parent shall also be deemed, by virtue of its ownership of the equity of the Surviving Entity, to suffer, sustain or become subject to or incur such Damages.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Relay Therapeutics, Inc.), Agreement and Plan of Merger (Absci Corp), Agreement and Plan of Merger (Exact Sciences Corp)

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Surviving Entity. The Parties parties acknowledge and agree that if the Surviving Entity suffers, sustains or becomes subject to or incurs any Damages, then (without limiting any of the rights of the Surviving Entity as an Indemnified PersonParty), Parent shall also be deemed, by virtue of its ownership of the equity of the Surviving Entity, to suffer, sustain or become subject to or incur such Damages.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (ACELYRIN, Inc.)

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