Common use of Avoidance Claims Clause in Contracts

Avoidance Claims. 10.10.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. This provision shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Factoring and Security Agreement (TXP Corp), Factoring and Security Agreement (Axtive Corp)

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Avoidance Claims. 10.10.18.9.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and Claims shall pay to Purchaser on demand the amount thereof. 10.10.28.9.2. Seller shall notify Purchaser within two business days Business Days of it its becoming aware of the assertion of an Avoidance Claim. 10.10.38.9.3. This provision Section shall survive the termination of this Agreementagreement.

Appears in 2 contracts

Samples: Factoring Agreement (Tri-S Security Corp), Factoring Agreement (Health & Nutrition Systems International Inc)

Avoidance Claims. 10.10.18.8.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim Claims and shall pay to Purchaser on demand the amount thereof. 10.10.28.8.2. Seller shall notify Purchaser within two business days Business Days of it its becoming aware of the assertion of an Avoidance Claim. 10.10.38.8.3. This provision The provisions of this Section 8.8. shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Factoring Agreement (Competitive Technologies Inc)

Avoidance Claims. 10.10.112.7.1. 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 Claim Claim, and shall pay to Purchaser on demand the amount thereof. 10.10.212.7.2. Seller shall notify Purchaser within two business days of it becoming after Seller becomes aware of the assertion of an Avoidance Claim. 10.10.312.7.3. This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Financing and Security Agreement (LOCAL Corp)

Avoidance Claims. 10.10.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Driftwood Ventures, Inc.)

Avoidance Claims. 10.10.1. 9.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and Claims shall pay to Purchaser on demand the amount thereof. 10.10.2. 9.2 Seller shall notify Purchaser within two business days Business Days of it its becoming aware of the assertion of an Avoidance Claim. 10.10.3. 9.3 This provision Section shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

Avoidance Claims. 10.10.112.9.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.212.9.2. Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.312.9.3. This provision section 12.9 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Wave Systems Corp)

Avoidance Claims. 10.10.1. 12.8.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. 12.8.2 Seller shall notify Purchaser within two business days Business Days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. 12.8.3 This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Eastside Distilling, Inc.)

Avoidance Claims. 10.10.1. 10.10.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. 10.10.2 Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. 10.10.3 This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Edge Technology Group Inc)

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Avoidance Claims. 10.10.18.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim Claims and shall pay to Purchaser on demand the amount thereof. 10.10.28.7.2. Seller shall notify Purchaser within two business days (2) Business Days of it its becoming aware of the assertion of an Avoidance Claim. 10.10.38.7.3. This provision Section shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Receivables Purchase and Security Agreement (Lightpath Technologies Inc)

Avoidance Claims. 10.10.1. 14.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. 14.2 Seller shall notify Purchaser within two (2) business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. 14.3 This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Zoo Entertainment, Inc)

Avoidance Claims. 10.10.112.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance 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. 10.10.212.7.2. Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.312.7.3. This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.)

Avoidance Claims. 10.10.1. 15.1.1 Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.2. 15.1.2 Seller shall notify Purchaser within two (2) business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.3. This provision shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (DLR Funding, Inc.)

Avoidance Claims. 10.10.112.7.1. Seller shall indemnify Purchaser from any loss arising out of the assertion of any Avoidance Claim and shall pay to Purchaser on demand the amount thereof. 10.10.212.7.2. Seller shall notify Purchaser within two business days of it becoming aware of the assertion of an Avoidance Claim. 10.10.312.7.3. This provision Section shall survive termination of this Agreement.

Appears in 1 contract

Samples: Factoring and Security Agreement (ePhoto Image, Inc.)

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