Common use of 2Indemnification Clause in Contracts

2Indemnification. (a) RDAR shall indemnify and hold Acquired Company and Acquired Company’s officers and directors (“Acquired Company Representatives”) harmless for, from and against any and all liabilities, obligations, damages, losses, deficiencies, costs, penalties, interest and expenses (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever) (collectively, “Losses”) to which RDAR may become subject resulting from or arising out of any breach of a representation, warranty or covenant made by RDAR as set forth herein. (b) Acquired Company shall indemnify and hold RDAR and RDAR’s officers and directors (“RDAR’s Representatives”) harmless for, from and against any and all Losses to which RDAR or RDAR’s Representatives may become subject resulting from or arising out of (1) any breach of a representation, warranty or covenant made by Acquired Company as set forth herein; or (2) any and all liabilities arising out of or in connection with: (A) any of the assets of Acquired Company prior to the Closing; or (B) the operations of Acquired Company prior to the Closing.

Appears in 2 contracts

Sources: Share Exchange Agreement (Raadr, Inc.), Share Exchange Agreement (Raadr, Inc.)

2Indemnification. (a) RDAR NGCG shall indemnify and hold Acquired Company and Acquired Company’s officers and directors (“Acquired Company Representatives”) harmless for, from and against any and all liabilities, obligations, damages, losses, deficiencies, costs, penalties, interest and expenses (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever) (collectively, “Losses”) to which RDAR NGCG may become subject resulting from or arising out of any breach of a representation, warranty or covenant made by RDAR NGCG as set forth herein. (b) Acquired Company shall indemnify and hold RDAR NGCG and RDARNGCG’s officers and directors (“RDARNGCG’s Representatives”) harmless for, from and against any and all Losses to which RDAR NGCG or RDARNGCG’s Representatives may become subject resulting from or arising out of (1) any breach of a representation, warranty or covenant made by Acquired Company as set forth herein; or (2) any and all liabilities arising out of or in connection with: (A) any of the assets of Acquired Company prior to the Closing; or (B) the operations of Acquired Company prior to the Closing.

Appears in 1 contract

Sources: Share Exchange Agreement (Raadr, Inc.)

2Indemnification. (a) RDAR HUML shall indemnify and hold Acquired Company and Acquired Company’s officers and directors (“Acquired Company Representatives”) harmless for, from and against any and all liabilities, obligations, damages, losses, deficiencies, costs, penalties, interest and expenses (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever) (collectively, “Losses”) to which RDAR ▇▇▇▇ may become subject resulting from or arising out of any breach of a representation, warranty or covenant made by RDAR HUML as set forth herein. (b) Acquired Company shall indemnify and hold RDAR ▇▇▇▇ and RDAR’s ▇▇▇▇’▇ officers and directors (“RDAR’s ▇▇▇▇’▇ Representatives”) harmless for, from and against any and all Losses to which RDAR ▇▇▇▇ or RDAR’s ▇▇▇▇’▇ Representatives may become subject resulting from or arising out of (1) any breach of a representation, warranty or covenant made by Acquired Company as set forth herein; or (2) any and all liabilities arising out of or in connection with: (A) any of the assets of Acquired Company prior to the Closing; or (B) the operations of Acquired Company prior to the Closing.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Humble Energy, Inc./Fl)