Assignment of Indemnification Rights. Assignor herein assigns to Assignee any and all rights of Indemnification granted to it in and pursuant to the Purchase Agreement, including without limitation those set forth in Section 7 thereof.
Assignment of Indemnification Rights. At the request of the Buyer, upon, and in connection with, the assertion by the Buyer Indemnified Parties of a claim against Seller for indemnification pursuant to Section 9.2(a)(viii) of this Agreement, the Seller shall assign to Buyer (or allow Buyer to enforce the same on its own behalf in the name of Seller) all of its rights to seek indemnification correspondingly therefor, from and against the “Majority Owners” and the “Sellers”, as the case may be, under and pursuant to Sections 10.2 and 10.3, respectively, of the May 23, 2008 Agreement.
Assignment of Indemnification Rights. 48 7.11 Appraisal......................................................................................48 SECTION 8 COVENANTS OF SUIZA PARTIES PRIOR TO CLOSING DATE...............................................48 8.1 Access and Investigation.......................................................................48
Assignment of Indemnification Rights. 52 8.12 Contribution by Suiza Parent...................................................................52 8.13 Appraisal......................................................................................52 SECTION 9 CONDITIONS PRECEDENT TO THE SUIZA PARTIES' OBLIGATION TO CLOSE.................................52
Assignment of Indemnification Rights. The Reid Xxxties shall use commercially reasonable efforts to cause any and all contracts under which the Reid Xxxent is, or may in the future be, entitled to indemnification payments from an unaffiliated third party in connection with the assets or operations of the Reid Xxxent, to be assigned to a Reid Xxxpany.
Assignment of Indemnification Rights. The Suiza Parties shall use commercially reasonable efforts to cause any and all contracts under which Franklin is, or may in the future be, entitled to indemnification payments from an unaffiliated third party in connection with the assets or operations of Franklin, to be assigned to a Suiza Company.
Assignment of Indemnification Rights. An Indemnitee may assign to another Indemnitee, without any Indemnitor’s consent, its right for indemnification, arising under any provision of this Article 11, with respect to a loss of any nature.
Assignment of Indemnification Rights. 58 SECTION 7.16 Confidentiality .................................... 59 SECTION 7.17 Updating Schedules ................................. 59 SECTION 7.18 Mail/Inquiries ..................................... 60 SECTION 7.19 Receivables ........................................ 60 SECTION 7.20 Notarization, Notarial Fees ........................ 60 SECTION 7.21 Articles of Association ............................ 60 SECTION 7.22 Payment of Bonuses and Accrued Benefits ............ 61 SECTION 7.23 Assignment of Hong Kong Lease ...................... 61
Assignment of Indemnification Rights. Prior to the Closing, the Seller Parties shall use commercially reasonable efforts to cause an assignment agreement to be executed by the Seller Parties and consented to by Xxxxxxxxx World Industries, Inc. ("AWI")
Assignment of Indemnification Rights. The Shareholder and the Investor hereby waive any rights of contribution, reimbursement, or indemnification against the Company with respect to any of their indemnification obligations hereunder. The Shareholder and the Investor each acknowledge and agree that either of them may have both indemnification obligations and the indirect rights and benefits of indemnification by holding the shares of Class A Common or Class B Common, as the case may be. Notwithstanding such dual status, it is the intent of the parties hereto that any such Person shall not be relieved of any indemnification obligation as a Shareholder or Investor nor deprived of any indemnification benefit or right as a shareholder of the Company but shall be treated, as to any indemnification obligation, as any other shareholder.
