Purchaser Parties definition
Examples of Purchaser Parties in a sentence
The Purchaser Parties shall have the right to settle any action against any of them by the payment of money provided that they cannot agree to any equitable relief and the Company, its officers, directors and Affiliates receive unconditional releases in customary form.
Subject to the provisions of this Article XI, effective as of and after the Closing, New CommerceOne shall indemnify and hold harmless the Purchaser Parties, from and against any and all Losses incurred or suffered by any of the Purchaser Parties to the extent arising out of or resulting from (a) any breach of any covenant or agreement of New CommerceOne contained in this Agreement to the extent to be performed at or after the Closing or (b) any Excluded Liabilities.
The Purchaser Parties further agree that, as to all pre-Closing attorney-client privileged communications between the Firm or any other attorney representing the Company and any officer, director, stockholder or employee of the Company regarding the transactions contemplated by the Transaction Documents (the “Protected Communications”), the attorney-client privilege and the expectation of client confidence are deemed the sole property of the Stockholder Representative.
In no event shall the Vendor Parent be liable to the Purchaser Parties for Losses suffered by them in an aggregate amount in excess of the aggregate amount payable under this Agreement by the Purchasers to the Vendor Parent for the Services rendered by the Vendor Parent during the Transition Period.