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VRSN » Topics » REMEDIES OF THE SELLERS

This excerpt taken from the VRSN 10-K filed Mar 16, 2005.

REMEDIES OF THE SELLERS

 

Should any of the representations and warranties contained in Sec. 4 above which given by the PURCHASER and the GUARANTOR be inaccurate in full or in part, the PURCHASER and the GUARANTOR shall put each of the SELLERS within a period of four weeks after receipt of written notice by the SELLERS, in the situation which corresponds to the situation warranted. After futile expiry of the four-week-period or if a cure (Herstellung) of the warranted situation is not possible, each of the SELLERS (individually or together) shall be entitled to claim money damages in the amount necessary to put each of the SELLERS in the economic situation it would have been in, if the representations or warranties had been accurate.

 

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