Avoidance Claims. 8.9.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims shall pay to Purchaser on demand the amount thereof. 8.9.2. Seller shall notify Purchaser within two Business Days of its becoming aware of the assertion of an Avoidance Claim. 8.9.3. This Section shall survive the termination of this agreement.
Appears in 2 contracts
Samples: Factoring Agreement (Tri-S Security Corp), Factoring Agreement (Health & Nutrition Systems International Inc)
Avoidance Claims. 8.9.110.10.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.210.10.2. Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.310.10.3. This Section provision shall survive the termination of this agreementAgreement.
Appears in 2 contracts
Samples: Factoring and Security Agreement (TXP Corp), Factoring and Security Agreement (Axtive Corp)
Avoidance Claims. 8.9.112.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim other than such claims that relate to Purchased Accounts that are owed by an Account Debtor which was Insolvent at the time the subject payment was received by Purchaser, and shall pay to Purchaser on demand the amount thereof.
8.9.212.7.2. Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.312.7.3. This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.)
Avoidance Claims. 8.9.112.7.1. Seller shall indemnify Purchaser from any loss (including defense costs, expenses and attorneys’ fees) arising out of the assertion assertion, defense, or judgment or otherwise of any Avoidance Claims Claim, and shall pay to Purchaser on demand the amount thereof.
8.9.212.7.2. Seller shall notify Purchaser within two Business Days of its becoming business days after Seller becomes aware of the assertion of an Avoidance Claim.
8.9.312.7.3. This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Avoidance Claims. 8.9.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.2. Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.3. This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Driftwood Ventures, Inc.)
Avoidance Claims. 8.9.112.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.212.7.2. Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.312.7.3. This Section shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (ePhoto Image, Inc.)
Avoidance Claims. 8.9.112.9.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.212.9.2. Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.312.9.3. This Section section 12.9 shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Wave Systems Corp)
Avoidance Claims. 8.9.1. 14.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.2. 14.2 Seller shall notify Purchaser within two Business Days (2) business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.3. 14.3 This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Zoo Entertainment, Inc)
Avoidance Claims. 8.9.18.8.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims and shall pay to Purchaser on demand the amount thereof.
8.9.28.8.2. Seller shall notify Purchaser within two Business Days of its becoming aware of the assertion of an Avoidance Claim.
8.9.38.8.3. This The provisions of this Section 8.8. shall survive the any termination of this agreementAgreement.
Appears in 1 contract
Avoidance Claims. 8.9.1. 15.1.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.2. 15.1.2 Seller shall notify Purchaser within two Business Days (2) business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.3. This Section shall survive the termination of this agreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (DLR Funding, Inc.)
Avoidance Claims. 8.9.1. 9.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims shall pay to Purchaser on demand the amount thereof.
8.9.2. 9.2 Seller shall notify Purchaser within two Business Days of its becoming aware of the assertion of an Avoidance Claim.
8.9.3. 9.3 This Section shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Tri-S Security Corp)
Avoidance Claims. 8.9.1. 12.8.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.2. 12.8.2 Seller shall notify Purchaser within two Business Days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.3. 12.8.3 This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Eastside Distilling, Inc.)
Avoidance Claims. 8.9.1. 10.10.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims Claim and shall pay to Purchaser on demand the amount thereof.
8.9.2. 10.10.2 Seller shall notify Purchaser within two Business Days business days of its it becoming aware of the assertion of an Avoidance Claim.
8.9.3. 10.10.3 This Section provision shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Factoring and Security Agreement (Edge Technology Group Inc)
Avoidance Claims. 8.9.18.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claims and shall pay to Purchaser on demand the amount thereof.
8.9.28.7.2. Seller shall notify Purchaser within two (2) Business Days of its becoming aware of the assertion of an Avoidance Claim.
8.9.38.7.3. This Section shall survive the termination of this agreementAgreement.
Appears in 1 contract
Samples: Receivables Purchase and Security Agreement (Lightpath Technologies Inc)
