Altor definition
Examples of Altor in a sentence
This Agreement has been executed and delivered by Altor and constitutes a legal, valid and binding obligation of Altor enforceable against Altor in accordance with its terms.
Altor is a corporation duly organized and validly existing under the laws of its jurisdiction of incorporation and has full right, power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
To the extent permitted by applicable law, Seller, Altor and Purchaser hereby waive any provision of law that would render any provision hereof prohibited or unenforceable in any respect.
Where the liability of Seller or Altor in respect of such claim is increased as a result of any breach by Buyers of this Clause 13.2.1.3, neither Seller nor Altor shall be liable in respect of such increase.
Neither Seller nor Altor shall be liable to compensate Buyers for Loss as a result of a breach of this Agreement to the extent that the fact, matter, occurrence or event giving rise to the breach as of the date of this Agreement was (i) known by a Buyer which means the actual knowledge of the persons listed on Schedule 13.2.3, or (ii) fairly disclosed in the Data Room Documents or in this Agreement (including the Schedules) (“Buyers’ Knowledge”).
Buyers shall keep Seller and Altor fully informed of the progress of such recovery and shall provide copies of all relevant correspondence and documentation.
Notwithstanding any other provision of this Agreement, Altor shall only be deemed to be bound to this Agreement with respect to the following Sections and Articles hereof: Sections 11.2, 11.3, 11.4, and 11.10, Articles VIII, IX and XV and, to the extent Seller assigns and Altor assumes rights and obligations pursuant to Section 11.10 above, Sections 3.1, 3.2, 3.3, 3.4, 4.1, 4.2, and/or 11.9 above.
The limitations of Seller’s or Altor’s liability set forth in Clause 13 and elsewhere in this Agreement shall not apply to exclude or limit any claim (whether as to the quantum of the claim, the time limit for notification of the claim, the procedures or requirements for making a claim or otherwise) for willful default, fraud or gross negligence on the part of Seller or Altor.
Where the liability of Altor in respect of such claim is increased as a result of any breach by a Buyer of this Clause 17.1.2, Altor shall not be liable in respect of such increase.
For the avoidance of doubt, any unpermitted disclosure or use of Confidential Information by a person comprised by (b) shall be considered as a breach of Altor or Seller (as applicable).