Bulk Sales Act Indemnity. Seller shall promptly pay when due all its creditors in order to avoid any claim by any such creditor against Purchaser or any of the Assets by virtue of the transactions contemplated by this Agreement or any bulk transfer provisions under applicable law. Seller hereby agrees to indemnify and hold Purchaser harmless from any liability, loss or damage arising from failure of any applicable bulk transfer law to be satisfied or from Seller's failure to perform this covenant.
Appears in 5 contracts
Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc), Purchase and Assumption Agreement (Heritage Financial Group), Purchase and Assumption Agreement (Pab Bankshares Inc)
Bulk Sales Act Indemnity. Seller shall promptly pay when due all its creditors in order to avoid any claim by any such creditor against Purchaser or any of the Assets by virtue of the transactions contemplated by this Agreement or any bulk transfer provisions under applicable law. Seller hereby agrees to indemnify and hold Purchaser harmless from any liability, loss or Next Page 11 damage arising from failure of any applicable bulk transfer law to be satisfied or from Seller's failure to perform this covenant.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Sound Financial, Inc.)
