Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 629 contracts
Samples: Registration Rights Agreement (SmartKem, Inc.), Registration Rights Agreement (Sidus Space Inc.), Registration Rights Agreement (Foxo Technologies Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 304 contracts
Samples: Registration Rights Agreement (Vsee Health, Inc.), Registration Rights Agreement (Guerrilla RF, Inc.), Registration Rights Agreement (Digital Health Acquisition Corp.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 195 contracts
Samples: Registration Rights Agreement (Titan Environmental Solutions Inc.), Registration Rights Agreement (Titan Environmental Solutions Inc.), Registration Rights Agreement (QHSLab, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 107 contracts
Samples: Private Placement Subscription Agreement, Private Placement Subscription Agreement (Golden Metropolis International LTD), Private Placement Subscription Agreement (Golden Metropolis International LTD)
Contribution. If for any reason the indemnification under provisions contemplated by Section 5(a6(a) or 5(bSection 6(b) is are unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for indemnified party in respect of any Losseslosses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by such Indemnified Partyindemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party and Indemnified Party the indemnified party in connection with the actions, statements or omissions that which resulted in such Losses losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party indemnifying party and Indemnified Party indemnified party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnifying Party indemnifying party or Indemnified Partyby such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution contributions pursuant to this Section 5(d6(d) were determined by pro rata allocation (even if the holders were treated as one entity for such purpose) or by any other method of allocation that which does not take into account of the equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the immediately preceding paragraphlosses, claims, damages, or liabilities (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. In Notwithstanding the provisions of this Section 6(d), no event Electing Holder shall be required to contribute any amount in excess of the contribution obligation of a Holder of Registrable Securities be greater in amount than by which the dollar amount of the proceeds (net of all expenses paid received by such Holder in connection with holder from the sale of any claim relating to this Section 5 Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) exceeds the amount of any damages which such Holder holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any person who was not guilty of such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained holders’ obligations in this Section are 6(d) to contribute shall be several in addition to any liability that the Indemnifying Parties may have proportion to the Indemnified Partiesprincipal amount of Registrable Securities registered by them and not joint.
Appears in 73 contracts
Samples: Exchange and Registration Rights Agreement, Exchange and Registration Rights Agreement (Clear Channel Outdoor Holdings, Inc.), Registration Rights Agreement (Vulcan Materials CO)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 57 contracts
Samples: Registration Rights Agreement (Oxis International Inc), Registration Rights Agreement (Relationserve Media Inc), Securities Purchase Agreement (Common Horizons Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 46 contracts
Samples: Registration Rights Agreement (Intellinetics, Inc.), Registration Rights Agreement (Intellinetics, Inc.), Registration Rights Agreement (SanSal Wellness Holdings, Inc.)
Contribution. If the a claim for indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5(c), any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. Notwithstanding anything to the contrary contained herein, the Holder shall be required to contribute under this Section 5(d) for only that amount as does not exceed the net proceeds to such Holder as a result of the sale of Registrable Securities pursuant to such Registration Statement. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11(f) of the proceeds (net of all expenses paid by such Holder in connection with Securities Act) shall be entitled to contribution from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties. The indemnity and contribution agreements herein are in addition to and not in diminution or limitation of any indemnification provisions under the Purchase Agreement.
Appears in 25 contracts
Samples: Investor Rights Agreement, Investor Rights Agreement (LOCAL Corp), Investor Rights Agreement (Access Pharmaceuticals Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 20 contracts
Samples: Registration Rights Agreement (Pro Pharmaceuticals Inc), Registration Rights Agreement (Unity Wireless Corp), Registration Rights Agreement (Viking Systems Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 15 contracts
Samples: Registration Rights Agreement (Live Current Media Inc.), Securities Purchase Agreement (Live Current Media Inc.), Registration Rights Agreement (Live Current Media Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 13 contracts
Samples: Registration Rights Agreement (Grow Capital, Inc.), Registration Rights Agreement (Youngevity International, Inc.), Registration Rights Agreement (Eastside Distilling, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationa Holder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 12 contracts
Samples: Registration Rights Agreement (Taronis Fuels, Inc.), Registration Rights Agreement (Taronis Fuels, Inc.), Registration Rights Agreement (Taronis Fuels, Inc.)
Contribution. If the indemnification under Section 5(a7(a) or 5(b7(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d7(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 7(d), no event Holder shall be required to contribute pursuant to this Section 7(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 12 contracts
Samples: Registration Rights Agreement (CISO Global, Inc.), Registration Rights Agreement (Bruush Oral Care Inc.), Registration Rights Agreement (Bruush Oral Care Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 12 contracts
Samples: Registration Rights Agreement (Paxton Energy Inc), Registration Rights Agreement (Epicept Corp), Registration Rights Agreement (Stackpole David Andrew)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event Notwithstanding the provisions of this Section 5(d), the Holder shall the contribution obligation of a Holder of Registrable Securities not be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating required to contribute pursuant to this Section 5 and 5(d), in the aggregate, any amount in excess of the amount by which the net proceeds actually received by Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages such that Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 11 contracts
Samples: Registration Rights Agreement (VelaTel Global Communications, Inc.), Registration Rights Agreement (Digital Development Group Corp), Registration Rights Agreement (Cereplast Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 11 contracts
Samples: Registration Rights Agreement (Saflink Corp), Registration Rights Agreement (Foldera, Inc), Registration Rights Agreement (Chembio Diagnostics, Inc.)
Contribution. If the indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 6(d), no event Holder shall be required to contribute pursuant to this Section 6(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 11 contracts
Samples: Securities Purchase Agreement (Adven Inc.), Registration Rights Agreement (Arch Therapeutics, Inc.), Registration Rights Agreement (Alzamend Neuro, Inc.)
Contribution. (i) If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
(ii) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of all of such Holder’s Registrable Securities pursuant to this Section 5 and such Registration Statement or Prospectus exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 10 contracts
Samples: Registration Rights Agreement (Nano Dimension Ltd.), Registration Rights Agreement (Hispanica International Delights of America, Inc.), Registration Rights Agreement (Hispanica International Delights of America, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for in Sections 6.1 and 6.2 of this Agreement is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for any Lossesindemnified party under such Sections, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by to such Indemnified Partyindemnified party as a result of the losses, claims, damages or liabilities referred to in Section 6.1 or Section 6.2 of this Agreement in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party on the one hand, and Indemnified Party the indemnified party on the other, in connection with the actions, statements or omissions that which resulted in such Losses losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations, including, without limitation, the relative benefits received by each party from the offering of the securities covered by such registration statement, the parties' relative knowledge and access to information concerning the matter with respect to which the claim was asserted and the opportunity to correct and prevent any statement or omission. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such Indemnifying Party by the indemnifying party or Indemnified Party, the indemnified party and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement untrue statements or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution contributions pursuant to this Section 5(d) 6.5 were to be determined by pro rata or per capita allocation (even if the underwriters were treated as one entity for such purpose) or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphfirst sentence of this Section 6.5. In no event The amount paid to an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this Section 6.5 shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim (which shall be limited as provided in Section 6.3 of this Agreement if the indemnifying party has assumed the defense of any such action in accordance with the provisions thereof) which is the subject of this Section 6.5. Promptly after receipt by an indemnified party under this Section 6.5 of notice of the commencement of any action against such party in respect of which a claim for contribution obligation may be made against an indemnifying party under this Section 6.5, such indemnified party shall notify the indemnifying party in writing of a Holder the commencement thereof if the notice specified in Section 6.3 of this Agreement has not been given with respect to such action; provided, that the omission to so notify the indemnifying party shall not relieve the indemnifying party from any liability which it may otherwise have to any indemnified party under this Section 6.5, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. The Company and each holder of Registrable Securities be greater in amount than agrees with each other and the dollar amount underwriters of the proceeds (net of all expenses paid Registrable Securities, if requested by such Holder in connection with any claim relating to this Section 5 underwriters, that (i) the underwriters' portion of such contribution shall not exceed the underwriting discount and (ii) the amount of any damages such Holder has otherwise been required contribution shall not exceed an amount equal to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) the net proceeds actually received by it upon such indemnifying party from the sale of the Registrable Securities giving rise in the offering to which the losses, liabilities, claims, damages or expenses of the indemnified parties relate. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 9 contracts
Samples: Registration Rights Agreement (Global Pharmaceutical Corp \De\), Registration Rights Agreement (Global Pharmaceutical Corp \De\), Registration Rights Agreement (Fleming Robert Inc / Da)
Contribution. If the indemnification under provided for in Section 5(a) or 5(b) 1 hereof is for any reason unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for indemnified party in respect of any LossesCosts referred to therein, then each Indemnifying Party indemnifying party shall contribute to the aggregate amount paid or payable of such Costs incurred by such Indemnified Partyindemnified party, as incurred, in such proportion as is appropriate to reflect (i) the relative benefits received by the Company Group on the one hand and the Unilever Group on the other from the issuance or sale of securities or (ii) if the allocation provided in clause (i) above is not permitted by Applicable Law, not only the relative benefits referred to in clause (i) above but also the relative fault of the Indemnifying Party Company Group on the one hand and Indemnified Party of the Unilever Group on the other hand in connection with the actions, statements or omissions that which resulted in such Losses Costs, as well as any other relevant equitable considerations; provided that, the Unilever Group Members shall not be liable to the Company Group in any case to the extent any Unilever Group Member has furnished in writing to the Company Group, prior to the delivery or circulation of the final prospectus or offering memorandum, as the case may be, or any supplement or amendments thereto, information expressly for use therein which corrected or made not untrue or misleading information previously furnished to the Company Group and the Company failed to include such information therein. The relative fault of such Indemnifying Party the Company Group on the one hand and Indemnified Party the Unilever Group on the other hand shall be determined by reference to, among other things, whether any action in question, including any such untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such Indemnifying Party by a Company Group Member or Indemnified Party, by a Unilever Group Member and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result No person guilty of any Losses fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be deemed entitled to include, subject to the limitations set forth in this Agreement, contribution from any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section person who was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 9 contracts
Samples: Stockholders Agreement (Johnsondiversey Holdings Inc), Stockholders Agreement (Johnsondiversey Inc), Stockholders Agreement (Johnsondiversey Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 9 contracts
Samples: Registration Rights Agreement (Premier Biomedical Inc), Registration Rights Agreement (PishPosh, Inc.), Registration Rights Agreement (Nac Global Technologies, Inc.)
Contribution. If for any reason the indemnification under Section 5(aprovided for in the preceding paragraphs (a) or 5(band (b) is unavailable to an Indemnified Party indemnified party or insufficient to hold an Indemnified Party harmless for any Lossesit harmless, other than as expressly specified therein, then each Indemnifying Party the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such Indemnified Partyloss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnified party and Indemnified Party in connection with the actionsindemnifying party, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault fault, in the case of such Indemnifying Party and Indemnified Party an untrue statement, alleged untrue statement, omission, or alleged omission, shall be determined by reference toby, among other things, whether any action in questionsuch statement, including any untrue or alleged untrue statement of a material fact or omission statement, omission, or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party by the Company or Indemnified Partyby the Investor, and the parties’ relative intent, knowledge, access to information information, and opportunity to correct or prevent such actionstatement, statement alleged statement, omission, or alleged omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just unjust and equitable inequitable if the respective obligations of the Company and each Investor for contribution pursuant to this Section 5(d) were determined by pro rata or per capita allocation of the aggregate losses, liabilities, claims, damages, and expenses or by any other method of allocation that does not take into account reflect the equitable considerations referred to in this clause (d). No person guilty of fraudulent misrepresentation within the immediately preceding paragraphmeaning of Section 11(f) of the 1933 Act shall be entitled to contribution from any person not guilty of such fraudulent misrepresentation. In no event shall the contribution obligation of a Holder holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder holder in connection with any claim relating to this Section 5 6 and the amount of any damages such Holder holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained Anything in this Section are in addition to any liability that the Indemnifying Parties may have 6(d) to the Indemnified Partiescontrary notwithstanding, no party shall be liable for contribution with respect to the settlement of any claim or action effected without its written consent. This Section 6(d) is not intended to supersede any right to contribution under the 1933 Act, the 1934 Act, or otherwise.
Appears in 8 contracts
Samples: Registration Rights Agreement (Fuse Medical, Inc.), Stock Purchase Agreement (Fuse Medical, Inc.), Merger Agreement (Fuse Medical, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties, provided that no amount shall be reimbursed twice in any event.
Appears in 8 contracts
Samples: Registration Rights Agreement (General Moly, Inc), Registration Rights Agreement (Interleukin Genetics Inc), Registration Rights Agreement (General Moly, Inc)
Contribution. (a) If the indemnification under Section 5(a) 5.1 or 5(b) 5.2 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding Action to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available to such party in accordance with its terms. .
(b) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 5.4 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. .
(c) The indemnity and contribution agreements contained in this Section 5.4 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 8 contracts
Samples: Registration Rights Agreement (Vaccinex, Inc.), Registration Rights Agreement (Vaccinex, Inc.), Registration Rights Agreement (Vaccinex, Inc.)
Contribution. If the indemnification under Section 5(a) 5.1 or 5(b) 5.2 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 5.4 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 8 contracts
Samples: Registration Rights Agreement (1847 Holdings LLC), Registration Rights Agreement (SOBR Safe, Inc.), Registration Rights Agreement (Sharps Technology Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 8 contracts
Samples: Registration Rights Agreement (Harbin Electric, Inc), Registration Rights Agreement (Vendingdata Corp), Registration Rights Agreement (Elixir Gaming Technologies, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for in this Article 3 is unavailable to an the Indemnified Party or insufficient to hold an Indemnified Party harmless for Parties in respect of any LossesDamages, then each Indemnifying Party Party, in lieu of indemnifying the Indemnified Parties, shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses Damages as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses Damages shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section Article 3 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 3.04 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 3.04, no event Shareholder shall be required to contribute, in the contribution obligation aggregate, any amount in excess of a Holder the amount by which the proceeds actually received by such Shareholder from the sale of the Registrable Securities be greater in amount than subject to the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and proceeding exceeds the amount of any damages that such Holder Shareholder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) , except in the case of fraud by such Shareholder. Each Shareholder’s obligation to contribute pursuant to this Section 3.03 is several in the proportion that the proceeds of the offering received by it upon such Shareholder bears to the sale total proceeds of the Registrable offering received by all such Shareholders and not joint. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities giving rise Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section Article 3 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 8 contracts
Samples: Registration Rights Agreement (AC Immune SA), Registration Rights Agreement (AC Immune SA), Registration Rights Agreement (RCS Capital Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d5(f) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(f), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 8 contracts
Samples: Registration Rights Agreement (Searchlight Minerals Corp.), Registration Rights Agreement (Searchlight Minerals Corp.), Registration Rights Agreement (Searchlight Minerals Corp.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a the Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such the Holder in connection with any claim relating to this Section 5 and the amount of any damages such the Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 7 contracts
Samples: Registration Rights Agreement (T Stamp Inc), Registration Rights Agreement (T Stamp Inc), Registration Rights Agreement (Virax Biolabs Group LTD)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 7 contracts
Samples: Registration Rights Agreement (Volcon, Inc.), Securities Purchase Agreement (KWESST Micro Systems Inc.), Registration Rights Agreement (Edison Nation, Inc.)
Contribution. 4.4.1. If the indemnification under Section 5(a) or 5(b) provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to an any Indemnified Party in respect of any loss, claim, damage, liability or insufficient action referred to hold an Indemnified Party harmless for any Lossesherein, then each such Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative benefits received by the Indemnified Parties and the Indemnifying Parties from the offering, if, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the Indemnified Party failed to give the notice required under Section 4.3 above, then each Indemnifying Party shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Indemnified Parties and the Indemnifying Party and Indemnified Party Parties in connection with the actions, statements actions or omissions that which resulted in such Losses loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of such Indemnifying any Indemnified Party and Indemnified any Indemnifying Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnified Party or such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms.
4.4.2. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.4 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphSection 4.4.1. In The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no event shall the contribution obligation of a Holder holder of Registrable Securities shall be greater required to contribute any amount in amount than excess of the dollar amount of the net proceeds (net after payment of all expenses paid any underwriting fees, discounts, commissions or taxes) actually received by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon holder from the sale of the Registrable Securities giving which gave rise to such contribution obligation. The indemnity and No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution agreements contained in this Section are in addition to from any liability that the Indemnifying Parties may have to the Indemnified Partiesperson who was not guilty of such fraudulent misrepresentation.
Appears in 7 contracts
Samples: Registration Rights Agreement (Builder Acquisition Corp), Registration Rights Agreement (First Class Navigation CORP), Registration Rights Agreement (Industrial Services Acquisition Corp.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 7 contracts
Samples: Registration Rights Agreement (Perspective Therapeutics, Inc.), Registration Rights Agreement (Perspective Therapeutics, Inc.), Registration Rights Agreement (Adverum Biotechnologies, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable and documented attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Registration Rights Agreement (Entera Bio Ltd.), Registration Rights Agreement (Eterna Therapeutics Inc.), Registration Rights Agreement (Comera Life Sciences Holdings, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each the Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5(b), any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d5(c) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any other liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Registration Rights Agreement (InfoLogix Inc), Loan and Security Agreement (Hercules Technology I, LLC), Registration Rights Agreement (Hercules Technology I, LLC)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Securities Purchase Agreement (Mill City Ventures III, LTD), Registration Rights Agreement (CombiMatrix Corp), Registration Rights Agreement (CombiMatrix Corp)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 8 is applicable in accordance with its terms but is legally unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for in respect of any Losses, then each applicable Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Party, on the one hand, and such Indemnified Party Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party Party, on the one hand, and Indemnified Party Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ legal or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees investigation or expenses if the indemnification provided for in this Section was available to such party in accordance with its termsproceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d8(d) were determined by pro rata allocation or by any other method of allocation that does not take into account of the equitable considerations referred to in the immediately preceding paragraph. In no event shall Notwithstanding the contribution obligation provisions of this Section 8(d), an Indemnifying Party that is a Holder shall not be required to contribute any amount which is in excess of the amount by which the total proceeds received by such Holder from the sale of the Registrable Securities be greater in amount than the dollar amount of the proceeds sold by such Holder (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 underwriting discounts and commissions) exceeds the amount of any damages that such Holder Indemnifying Party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 6 contracts
Samples: Registration Rights and Lock Up Agreement (Stratasys Ltd.), Merger Agreement (Stratasys Inc), Merger Agreement (S1 Corp /De/)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event Notwithstanding the provisions of this Section 5(d), Holder shall not be required to contribute, in the contribution obligation aggregate, any amount in excess of a the amount by which the net proceeds actually received by Holder from the sale of the Registrable Securities be greater in amount than subject to the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and Proceeding exceeds the amount of any damages such that Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Convertible Note Purchase Agreement (TechCare Corp.), Registration Rights Agreement (Gei Global Energy Corp.), Registration Rights Agreement (MINERALRITE Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Registration Rights Agreement (Momentus Inc.), Securities Purchase Agreement (Digital Media Solutions, Inc.), Registration Rights Agreement (Better Choice Co Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 6 contracts
Samples: Registration Rights Agreement (Epicept Corp), Registration Rights Agreement (Drinks Americas Holdings, LTD), Registration Rights Agreement (Gammacan International Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a the Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such the Holder in connection with any claim relating to this Section 5 and the amount of any damages such the Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Credit Agreement (ReShape Lifesciences Inc.), Credit Agreement (ReShape Lifesciences Inc.), Credit Agreement (Obalon Therapeutics Inc)
Contribution. If the indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 6(d), no event Holder shall be required to contribute pursuant to this Section 6(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Discovery Energy Corp.), Investor’s Rights Agreement (Vuzix Corp), Securities Purchase Agreement (Greenman Technologies Inc)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 10.9 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any losses, claims, damages or insufficient liabilities referred to hold an herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party harmless for any Lossesthereunder, then each Indemnifying Party shall to the extent permitted by applicable law contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection with the actions, statements untrue statement or omissions omission that resulted in such Losses loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of such the Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or by the Indemnified Party, Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission; provided, that in no event shall any contribution by a Purchaser hereunder exceed the proceeds from the offering received by such Purchaser. The amount paid or payable by a party as a result of any Losses loss, claim, damage or liability shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 10.9 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (HTG Molecular Diagnostics, Inc), Securities Purchase Agreement (Arrowhead Pharmaceuticals, Inc.)
Contribution. (i) If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
(ii) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), (A) no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission; and (B) received by it upon no contribution will be made under circumstances where the sale maker of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained would not have been required to indemnify the Indemnified Party under the fault standards set forth in this Section are in addition 5. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any liability that the Indemnifying Parties may have to the Indemnified PartiesPerson who was not guilty of such fraudulent misrepresentation.
Appears in 5 contracts
Samples: Registration Rights Agreement (Bovie Medical Corp), Registration Rights Agreement (Bovie Medical Corp), Registration Rights Agreement (Bovie Medical Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Revolutionary Concepts Inc), Registration Rights Agreement (Revolutionary Concepts Inc), Registration Rights Agreement (Revolutionary Concepts Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Freight Technologies, Inc.), Registration Rights Agreement (Hudson Capital Inc.), Registration Rights Agreement (Nuvve Holding Corp.)
Contribution. If the a claim for indemnification under Section 5(a) or 5(b) is due but unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault benefits received by the Indemnifying Party on the one hand and the Indemnified Party on the other from the offering of the Preferred Stock and Warrants. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative fault, as applicable, of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5(c), any reasonable attorneys’ ' or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. In no event shall any selling Holder be required to contribute an amount under this Section 5(d) in excess of the net proceeds received by such Holder upon sale of such Holder’s Registrable Securities pursuant to the Registration Statement giving rise to such contribution obligation. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11(f) of the proceeds (net of all expenses paid by such Holder in connection with Securities Act) shall be entitled to contribution from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified PartiesParties pursuant to the law.
Appears in 5 contracts
Samples: Registration Rights Agreement (Astrata Group Inc), Registration Rights Agreement (International American Technologies, Inc.), Registration Rights Agreement (International American Technologies, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Roth CH Acquisition III Co), Registration Rights Agreement (Roth CH Acquisition III Co), Registration Rights Agreement (Roth CH Acquisition II Co)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (SIMPLICITY ESPORTS & GAMING Co), Registration Rights Agreement (SIMPLICITY ESPORTS & GAMING Co), Registration Rights Agreement (SIMPLICITY ESPORTS & GAMING Co)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding Proceedings to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceedings exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Marizyme, Inc.), Registration Rights Agreement (Marizyme, Inc.), Registration Rights Agreement (Marizyme, Inc.)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 7 is applicable in accordance with its terms but is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for in respect of any Losses, then each applicable Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Party, on the one hand, and such Indemnified Party Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party Party, on the one hand, and Indemnified Party Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue statement or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ legal or other fees fees, charges or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees investigation or expenses if the indemnification provided for in this Section was available to such party in accordance with its termsproceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d7(d) were determined by pro rata allocation or by any other method of allocation that does not take into account of the equitable considerations referred to in this Section 7(d). Notwithstanding the immediately preceding paragraph. In no event shall the contribution obligation provisions of this Section 7(d), an Indemnifying Party that is a Holder shall not be required to contribute any amount which is in excess of the amount by which the total proceeds received by such Holder from the sale of the Registrable Securities be greater in amount than the dollar amount of the proceeds sold by such Holder (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 underwriters’ discounts and commissions) exceeds the amount of any damages that such Holder Indemnifying Party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 7(d) received was determined by it upon the sale pro rata allocation or by any other method of allocation which does not take account of the Registrable Securities giving rise equitable considerations referred to such contribution obligation. The indemnity and contribution agreements contained in this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section are in addition 11(f) of the Securities Act) shall be entitled to contribution from any liability that the Indemnifying Parties may have to the Indemnified PartiesPerson who was not guilty of such fraudulent misrepresentation.
Appears in 5 contracts
Samples: Registration Rights Agreement, Registration Rights Agreement (Lyon William H), Registration Rights Agreement (William Lyon Homes)
Contribution. 6.1 If the indemnification under provided for in Section 5(a) or 5(b) 5 hereof is for any reason unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for indemnified party in respect of any Losseslosses, liabilities, claims, damages or expenses referred to therein, then each Indemnifying Party party shall contribute to the aggregate amount paid or payable of such losses, liabilities, claims, damages and expenses incurred by such Indemnified Partyindemnified party, as incurred, (i) in such proportion as is appropriate to reflect the relative benefits received by such party under this Agreement or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Indemnifying Party and Indemnified Party such party in connection with the actions, statements or omissions that omissions, and/or any breach of any representation, warranty or covenant made hereunder, which resulted in such Losses losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. .
6.2 The relative fault of such Indemnifying Party and Indemnified Party a party shall be determined by reference to, among other things, whether any action in question, including any such untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnifying Party or Indemnified Party, party and the parties’ such party's relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
6.3 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 6 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to above in the immediately preceding paragraphthis Section 6. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar The aggregate amount of the proceeds (net of all losses, liabilities, claims, damages and expenses paid incurred by an indemnified party and referred to above in this Section 6 shall be deemed to include any legal or other expenses reasonably incurred by such Holder indemnified party in connection with investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim relating to this Section 5 and the amount of whatsoever based upon any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon .
6.4 Notwithstanding the sale provisions of this Section 6, neither the Selling Agent nor Schwab shall be required to contribute any amount in excess of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that amount by which the Indemnifying Parties may have total price at which Company shares were offered to the Indemnified Partiespublic exceeds the amount of any damages which the Selling Agent or Schwab, as the case may be, has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission.
6.5 No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 0000 Xxx) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
6.6 This Section 6 shall survive the termination of this Agreement.
Appears in 5 contracts
Samples: Distribution Agreement (Excelsior Venture Partners Fund Iii LLC), Distribution Agreement (Excelsior Venture Partners Iii LLC), Selling Agent Agreement (Excelsior Venture Partners Iii LLC)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any person who was not guilty of such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 5 contracts
Samples: Registration Rights Agreement (Igi Laboratories, Inc), Registration Rights Agreement (Igi Laboratories, Inc), Registration Rights Agreement (Igi Inc)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 8.8 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any losses, claims, damages or insufficient liabilities referred to hold an herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party harmless for any Lossesthereunder, then each Indemnifying Party shall to the extent permitted by applicable law contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection with the actions, statements untrue statement or omissions omission that resulted in such Losses loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of such the Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or by the Indemnified Party, Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission; provided, that in no event shall any contribution by a Purchaser hereunder exceed the proceeds from the offering received by such Purchaser. The amount paid or payable by a party as a result of any Losses loss, claim, damage or liability shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 8.8 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Subscription Agreement, Series a Preferred Subscription Agreement (Arrowhead Research Corp), Subscription Agreement (Arrowhead Research Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties..
Appears in 4 contracts
Samples: Registration Rights Agreement (Parkervision Inc), Registration Rights Agreement (Parkervision Inc), Registration Rights Agreement (Parkervision Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding Action to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Action exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Registration Rights Agreement (Revelstone Capital Acquisition Corp.), Subscription Agreement (Revelstone Capital Acquisition Corp.), Registration Rights Agreement (Revelstone Capital Acquisition Corp.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Share Exchange Agreement (DPW Holdings, Inc.), Registration Rights Agreement (Digital Power Corp), Share Exchange Agreement (Avalanche International, Corp.)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 8 is applicable in accordance with its terms but is legally unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for in respect of any Losses, then each applicable Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Party, on the one hand, and such Indemnified Party Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party Party, on the one hand, and Indemnified Party Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or relates to information info/illation supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ legal or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees investigation or expenses if the indemnification provided for in this Section was available to such party in accordance with its termsproceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d8(d) were determined by pro rata allocation or by any other method of allocation that does not take into account of the equitable considerations referred to in the immediately preceding paragraph. In no event shall Notwithstanding the contribution obligation provisions of this Section 8(d), an Indemnifying Party that is a Holder shall not be required to contribute any amount which is in excess of the amount by which the total proceeds received by such Holder from the sale of the Registrable Securities be greater in amount than the dollar amount of the proceeds sold by such Holder (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 underwriting discounts and commissions) exceeds the amount of any damages that such Holder Indemnifying Party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 4 contracts
Samples: Registration Rights Agreement (Howard Hughes Corp), Registration Rights Agreement (Howard Hughes Corp), Registration Rights Agreement (Howard Hughes Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for in Sections 6 and 7 hereof is unavailable to an Indemnified Party with respect to any losses, claims, damages, actions, liabilities, costs or expenses referred to therein or is insufficient to hold an the Indemnified Party harmless for any Lossesas contemplated therein, then each the Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such losses, claims, damages, actions, liabilities, costs or expenses in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Company, on the one hand, and the Indemnified Party Party, on the other hand, in connection with the actions, statements or omissions that which resulted in such Losses losses, claims, damages, actions, liabilities, costs or expenses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party the Company, on the one hand, and of the Indemnified Party Party, on the other hand, shall be determined by reference to, among other thingsfactors, whether any action in question, including any the untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such Indemnifying by the Company or by the Indemnified Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result ; provided, however, that in no event shall the obligation of any Losses shall be deemed Indemnifying Party to include, subject to contribute under this Section 11 exceed the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by amount that such party in connection with any Proceeding to the extent such party Indemnifying Party would have been indemnified for such fees or expenses obligated to pay by way of indemnification if the indemnification provided for in this Section was under Sections 6 or 7 hereof had been available to such party in accordance with its termsunder the circumstances. The parties hereto Company and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 11 were determined by pro rata allocation or by any other method of allocation that does not take into account of the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 11, no event Holder shall the contribution obligation of a Holder of Registrable Securities be greater required to contribute any amount in amount than the dollar amount excess of the amount by which the gross proceeds (net from the sale of all expenses paid by such Holder in connection with any claim relating to this Section 5 and Shares exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Indemnified Party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Indemnifying Party who was not guilty of such fraudulent misrepresentation. The obligations of a Holder to contribute pursuant to this Section 11, if any, are several in proportion to the proceeds actually received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have Holder bears to the Indemnified Partiestotal proceeds received by all holders and not joint.
Appears in 4 contracts
Samples: Registration Rights Agreement (Easterly Government Properties, Inc.), Registration Rights Agreement (Easterly Government Properties, Inc.), Registration Rights Agreement (Easterly Government Properties, Inc.)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 4.8 from the Indemnifying Party is unavailable to an Indemnified Party hereunder or insufficient to hold harmless an Indemnified Party harmless for in respect of any LossesLiabilities referred to herein, then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party, Party as a result of such Liabilities in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that actions which resulted in such Losses Liabilities, as well as any other relevant equitable considerations. The relative fault faults of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses the Liabilities referred to above shall be deemed to include, subject to the limitations set forth in this AgreementSection 4.8, any reasonable attorneys’ documented out-of-pocket legal or other fees fees, charges or expenses reasonably incurred by such party in connection with any Proceeding investigation or proceeding; provided, that the aggregate amount to be contributed by Spectrum pursuant to this paragraph shall be limited to the extent such party would have been indemnified for such fees or expenses if net proceeds (after deducting the indemnification provided for underwriters’ discounts and commissions) received by Spectrum in this Section was available to such party in accordance with its termsthe offering. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.8 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11 of the proceeds (net Securities Act) shall be entitled to contribution from any Person who was not guilty of all expenses paid by such Holder in connection with any claim relating to fraudulent misrepresentation. The parties hereto agree that this Section 5 and the amount 4.8 shall survive any termination of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified PartiesAgreement.
Appears in 4 contracts
Samples: Shareholder Agreement (SB/RH Holdings, LLC), Shareholder Agreement (Energizer Holdings, Inc.), Acquisition Agreement (SB/RH Holdings, LLC)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event Notwithstanding the provisions of this Section 5(d), Buyer shall not be required to contribute, in the contribution obligation aggregate, any amount in excess of a Holder the amount by which the net proceeds actually received by Buyer from the sale of the Registrable Securities be greater in amount than subject to the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and Proceeding exceeds the amount of any damages such Holder that Buyer has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) , except in the case of fraud by Buyer. The Company shall not be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by it upon Company from the sale Buyer subject to the Proceeding exceeds the amount of any damages that Company has otherwise been required to pay by reason of such Company's untrue or alleged untrue statement or omission or alleged omission, except in the Registrable Securities giving rise to such contribution obligationcase of fraud by Company. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Registration Rights Agreement (Ambient Water Corp), Registration Rights Agreement (Ambient Water Corp), Registration Rights Agreement (Ambient Water Corp)
Contribution. If the indemnification under Section 5(a) 5.1 or 5(b) 5.2 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 5.4 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Registration Rights Agreement (Nano Nuclear Energy Inc.), Registration Rights Agreement (Zoomcar Holdings, Inc.), Registration Rights Agreement (Zoomcar Holdings, Inc.)
Contribution. If the a claim for indemnification under this Section 5(a) or 5(b) 5.5 is unavailable to an Indemnified Party indemnified party (by reason of public policy or insufficient to hold an Indemnified Party harmless for any Lossesotherwise), then each Indemnifying Party indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such Indemnified Partyindemnified party as a result of any losses, claims, damages, liabilities or expenses referred to in this Agreement, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party and Indemnified Party indemnified party in connection with the actions, statements or omissions that resulted in such Losses losses, claims, damages, liabilities or expenses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party indemnifying party and Indemnified Party indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party indemnifying party or Indemnified Partyindemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses losses, claims, damages, liabilities or expenses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5.5, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Medwave Inc), Stock Purchase Agreement (Inverness Medical Innovations Inc), Stock Purchase Agreement (Inverness Medical Innovations Inc)
Contribution. 4.4.1 If the indemnification under Section 5(a) or 5(b) provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to an any Indemnified Party in respect of any loss, claim, damage, liability or insufficient action referred to hold an Indemnified Party harmless for any Lossesherein, then each such Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative benefits received by the Indemnified Parties and the Indemnifying Parties from the offering. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the Indemnified Party failed to give the notice required under Section 4.3 above, then each Indemnifying Parties shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Indemnified Parties and the Indemnifying Party and Indemnified Party Parties in connection with the actions, statements actions or omissions that which resulted in such Losses loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of such Indemnifying any Indemnified Party and Indemnified any Indemnifying Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnified Party or such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
4.4.2 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.4 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphSection 4.4.1. In The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no event shall the contribution obligation of a Holder holder of Registrable Securities shall be greater required to contribute any amount in amount than excess of the dollar amount of the net proceeds (net after payment of all expenses paid any underwriting fees, discounts, commissions or taxes) actually received by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon holder from the sale of the Registrable Securities giving which gave rise to such contribution obligation. The indemnity and No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution agreements contained in this Section are in addition to from any liability that the Indemnifying Parties may have to the Indemnified Partiesperson who was not guilty of such fraudulent misrepresentation.
Appears in 4 contracts
Samples: Registration Rights Agreement (TransTech Services Partners Inc.), Registration Rights Agreement (TransTech Services Partners Inc.), Registration Rights Agreement (China Resources Ltd.)
Contribution. If the indemnification under provided for in paragraphs (a) and (b) of this Section 5(a) or 5(b) 10 is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for any Lossesthereunder, then each Indemnifying Party thereunder shall contribute to the amount account paid or payable by such Indemnified PartyParty as a result of the losses, claims, damages, costs, expenses, liabilities or actions referred to in paragraphs (a) and (b) of this Section 10 in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified Party on the other in connection with the actions, statements or omissions that which resulted in such Losses losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or the Indemnified Party, Party and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement untrue statements or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution contributions pursuant to this paragraph (d) of Section 5(d) 10 were to be determined by pro rata or per capita allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphfirst sentence of this paragraph (d) of Section 10. In no event shall the contribution obligation of The amount paid by an Indemnified Party as a Holder of Registrable Securities be greater in amount than the dollar amount result of the proceeds losses, claims, damages or liabilities referred to in the first sentence of this paragraph (net d) of all Section 10 shall be deemed to include any legal or other expenses paid reasonably incurred by such Holder Indemnified Party in connection with investigating or defending any action or claim relating to which is the subject of this paragraph (d) of Section 10. Promptly after receipt by an Indemnified Party of notice of the commencement of any action against such party in respect of which a claim for contribution may be made against an Indemnifying Party under this paragraph (d) of Section 10, such Indemnified Party shall notify the Indemnifying Party in writing of the commencement thereof if the notice specified in paragraph (c) of this Section 5 10 has not been given with respect to such action; provided that the omission so to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which it may have to any Indemnified Party otherwise under this paragraph (d) of Section 10, except to the extent that the Indemnifying Party is actually prejudiced by such failure to give notice. The parties hereto agree with each other and shall agree with the underwriters of the Common Stock of the Company pursuant to the terms hereof, if requested by such underwriters, that (a) the underwriters' portion of such contribution shall not exceed the underwriting discount, commission and other compensation and (b) except for the Company, the amount of any damages such Holder has otherwise been required contribution shall not exceed an amount equal to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) the proceeds received by it upon such Indemnifying Party from the sale of securities in the Registrable offering to which the losses, claims, damages or liabilities of the indemnified parties relate. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities giving rise Act) shall be entitled to contribution from any person who was not guilty of such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 4 contracts
Samples: Series a Preferred Stockholders' Rights Agreement (Goto Com Inc), Series B Preferred Stockholders' Rights Agreement (Goto Com Inc), Series D Preferred Stockholders' Rights Agreement (Goto Com Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for herein is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for any Lossesindemnified party hereunder, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by such Indemnified Party, indemnified party as a result of the Losses (or actions or proceedings in respect thereof) referred to herein in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party on the one hand and Indemnified Party the indemnified party on the other in connection with the statements, omissions, actions, statements or omissions that inactions which resulted in such Losses as well as any other relevant equitable considerationsLosses. The relative fault of such Indemnifying Party the indemnifying party and Indemnified Party the indemnified party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied byby the indemnifying party or the indemnified party, any action or inaction by any such Indemnifying Party or Indemnified Partyparty, and the parties’ relative intent, knowledge, access to information information, and opportunity to correct or prevent such statement, omission, action, statement or omissioninaction. The amount paid or payable No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. Promptly after receipt by a an indemnified party as a result hereunder of written notice of the commencement of any Losses shall action, suit, proceeding, investigation, or threat thereof with respect to which a claim for contribution may be deemed made against an indemnifying party hereunder, such indemnified party shall, if a claim for contribution in respect thereto is to includebe made against an indemnifying party, subject give written notice to the limitations set forth in this Agreementindemnifying party of the commencement thereof (if the notice specified herein has not been given with respect to such action); provided, however, that the failure to so notify the indemnifying party shall not relieve it from any reasonable attorneys’ or other fees or expenses incurred by such obligation to provide contribution which it may have to any indemnified party in connection with any Proceeding hereunder, except to the extent such that the indemnifying party would have been indemnified for such fees or expenses if is actually prejudiced by the indemnification provided for in this Section was available failure to such party in accordance with its termsgive notice. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) hereto were determined by pro rata allocation or by any other method of allocation that which does not take into account the of equitable considerations referred to in herein. If indemnification is available hereunder, the immediately preceding paragraph. In no event indemnifying parties shall indemnify each indemnified party to the contribution obligation fullest extent provided herein, without regard to the relative fault of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with said indemnifying party or indemnified party or any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationother equitable consideration provided for herein. The indemnity and contribution agreements contained in this Section are provisions hereof shall be in addition to any liability that the Indemnifying Parties other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract shall remain in full force and effect regardless of any investigation made by or on behalf of any indemnified party, and shall survive the Indemnified Partiestransfer of securities by any such party.
Appears in 4 contracts
Samples: Registration Rights Agreement (Canargo Energy Corp), Registration Rights Agreement (Canargo Energy Corp), Registration Rights Agreement (Canargo Energy Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements statements, or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Registration Rights Agreement (Syntax-Brillian Corp), Registration Rights Agreement (Syntax-Brillian Corp), Registration Rights Agreement (Syntax-Brillian Corp)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for herein is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for any Lossesindemnified party hereunder, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by such Indemnified Party, indemnified party as a result of the Losses (or actions or proceedings in respect thereof) referred to herein in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party on the one hand and Indemnified Party the indemnified party on the other in connection with the statements, omissions, actions, statements or omissions that inactions which resulted in such Losses as well as any other relevant equitable considerationsLosses. The relative fault of such Indemnifying Party the indemnifying party and Indemnified Party the indemnified party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied byby the indemnifying party or the indemnified party, any action or inaction by any such Indemnifying Party or Indemnified Partyparty, and the parties’ ' relative intent, knowledge, access to information information, and opportunity to correct or prevent such statement, omission, action, statement or omissioninaction. The amount paid or payable No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. Promptly after receipt by a an indemnified party as a result hereunder of written notice of the commencement of any Losses shall action, suit, proceeding, investigation, or threat thereof with respect to which a claim for contribution may be deemed made against an indemnifying party hereunder, such indemnified party shall, if a claim for contribution in respect thereto is to includebe made against an indemnifying party, subject give written notice to the limitations set forth in this Agreementindemnifying party of the commencement thereof (if the notice specified herein has not been given with respect to such action); provided, however, that the failure to so notify the indemnifying party shall not relieve it from any reasonable attorneys’ or other fees or expenses incurred by such obligation to provide contribution which it may have to any indemnified party in connection with any Proceeding hereunder, except to the extent such that the indemnifying party would have been indemnified for such fees or expenses if is actually prejudiced by the indemnification provided for in this Section was available failure to such party in accordance with its termsgive notice. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) hereto were determined by pro rata allocation or by any other method of allocation that which does not take into account the of equitable considerations referred to in herein. If indemnification is available hereunder, the immediately preceding paragraph. In no event indemnifying parties shall indemnify each indemnified party to the contribution obligation fullest extent provided herein, without regard to the relative fault of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with said indemnifying party or indemnified party or any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationother equitable consideration provided for herein. The indemnity and contribution agreements contained in this Section are provisions hereof shall be in addition to any liability that the Indemnifying Parties other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract, shall remain in full force and effect regardless of any investigation made by or on behalf of any indemnified party, and shall survive the Indemnified Partiestransfer of securities by any such party.
Appears in 4 contracts
Samples: Registration Rights Agreement (Far East Energy Corp), Registration Rights Agreement (Far East Energy Corp), Registration Rights Agreement (Far East Energy Corp)
Contribution. If the indemnification under Section 5(a7(a) or 5(b7(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d7(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 7(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Access Integrated Technologies Inc), Registration Rights Agreement (Access Integrated Technologies Inc), Securities Purchase Agreement (Access Integrated Technologies Inc)
Contribution. (a) If the indemnification under Section 5(a) 4.1 or 5(b) 4.2 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each the Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
(b) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.4 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event Notwithstanding the provisions of this Section 4.4, the Investor shall the contribution obligation of a Holder of Registrable Securities not be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating required to contribute pursuant to this Section 5 and 4.4, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by the Investor from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages such Holder that the Investor has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.
(c) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Investor's Rights Agreement (Li3 Energy, Inc.), Investor's Rights Agreement (POSCO Canada Ltd.), Investor's Rights Agreement (Li3 Energy, Inc.)
Contribution. If the indemnification under indemnity and reimbursement obligation provided for in this Section 5(a) or 5(b) 5 is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for in respect of any LossesLosses (or actions or proceedings in respect thereof) referred to therein, then each the Indemnifying Party shall contribute to the amount paid or payable by the Indemnified Party as a result of such Indemnified Party, Losses (or actions or proceedings in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified Party on the other hand in connection with the actions, statements or omissions that which resulted in such Losses Losses, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or the Indemnified Party, Party and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, untrue statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution contributions pursuant to this Section 5(d5.05(d) were to be determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphfirst sentence of this Section 5.05(d). In no event shall the contribution obligation of The amount paid by an Indemnified Party as a Holder of Registrable Securities be greater in amount than the dollar amount result of the proceeds (net Losses referred to in the first sentence of all this Section 5.05(d) shall be deemed to include any legal and other expenses paid reasonably incurred by such Holder Indemnified Party in connection with investigating or defending any claim relating to Loss which is the subject of this Section 5 and 5.04(d). No Indemnified Party guilty of fraudulent misrepresentation (within the amount meaning of any damages such Holder has otherwise been required Section 11(f) of the Securities Act) shall be entitled to pay by reason contribution from the Indemnifying Party if the Indemnifying Party was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 3 contracts
Samples: Stockholders' Agreement (Alphatec Holdings, Inc.), Stockholders' Agreement (Alphatec Holdings, Inc.), Stockholders' Agreement (Alphatec Holdings, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5(d) was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Trevi Therapeutics, Inc.), Registration Rights Agreement (Trevi Therapeutics, Inc.), Registration Rights Agreement (Trevi Therapeutics, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Cyber App Solutions Corp.), Registration Rights Agreement (DiaMedica Therapeutics Inc.), Registration Rights Agreement (DiaMedica Therapeutics Inc.)
Contribution. If the indemnification under indemnity and reimbursement obligation provided for in any paragraph of this Section 5(a) or 5(b) 7 is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for in respect of any LossesLosses (or actions or proceedings in respect thereof) referred to therein, then each the Indemnifying Party shall contribute to the amount paid or payable by the Indemnified Party as a result of such Indemnified Party, Losses (or actions or proceedings in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified Party on the other hand in connection with the actions, untrue statements or alleged untrue statements or omissions that or alleged omissions which resulted in such Losses Losses, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or the Indemnified Party, Party and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, untrue statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution contributions pursuant to this Section 5(d) paragraph were to be determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding first sentence of this paragraph. In The amount paid by an Indemnified Party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any Loss which is the subject of this paragraph. No Indemnified Party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from the Indemnifying Party if the Indemnifying Party was not guilty of such fraudulent misrepresentation. Notwithstanding the provisions of this Section 7(d), no event Indemnifying Party (other than the Company) shall be required to contribute any amount which is in excess of the contribution obligation of a Holder amount by which the total proceeds received by such Indemnifying Party from the sale of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 underwriting discounts and commissions) exceeds the amount of any damages that such Holder Indemnifying Party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Phelps Dodge Corp), Registration Rights Agreement (Phelps Dodge Corp), Registration Rights Agreement (Cerro Trading Co Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating required to contribute pursuant to this Section 5 and 5(d), in the aggregate, any amount in excess of the amount by which the net proceeds actually received by the Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages such that the Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Giga Tronics Inc), Registration Rights Agreement (Black Cactus Global, Inc.), Registration Rights Agreement (Black Cactus Global, Inc.)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 10.9 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any losses, claims, damages, expenses or insufficient liabilities referred to hold an herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party harmless for any Lossesthereunder, then each Indemnifying Party shall to the extent permitted by applicable law contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Party, on the one hand, and of the Indemnified Party Party, on the other, in connection with the actions, statements untrue statement or omissions omission or alleged untrue statement or omission that resulted in such Losses loss, claim, damage, expense or liability, as well as any other relevant equitable considerations. The relative fault of such the Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such by the Indemnifying Party or by the Indemnified Party, Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such actionstatement or omission; provided, that in no event shall any contribution by a Purchaser hereunder exceed the amount of net proceeds to such Purchaser of the securities sold in any such registration, less the amount of any damages that such Purchaser has otherwise been required to pay by reason of such untrue statement or omission or alleged untrue statement or omission. The amount paid or payable by a party as a result of any Losses loss, claim, damage, expense or liability shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 10.9 was available to such party in accordance with its terms. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The parties hereto agree that it would not be just and equitable if contribution Purchasers’ obligations to contribute pursuant to this Section 5(d10.9(d) were determined by pro rata allocation or by any other method of allocation that does are several and not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesjoint.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Herschkowitz Samuel), Securities Purchase Agreement (Skyline Medical Inc.), Securities Purchase Agreement (Arrowhead Research Corp)
Contribution. If the a claim for indemnification under Section 5(a) or 5(b) is due but unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault benefits received by the Indemnifying Party on the one hand and the Indemnified Party on the other from the offering of the Common Stock and Warrants. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative fault, as applicable, of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5(c), any reasonable attorneys’ ' or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. In no event shall any selling Holder be required to contribute an amount under this Section 5(d) in excess of the net proceeds received by such Holder upon sale of such Holder's Registrable Securities pursuant to the Registration Statement giving rise to such contribution obligation. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11(f) of the proceeds (net of all expenses paid by such Holder in connection with Securities Act) shall be entitled to contribution from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified PartiesParties pursuant to the law.
Appears in 3 contracts
Samples: Registration Rights Agreement (Quantrx Biomedical Corp), Registration Rights Agreement (Freehand Information Systems, Inc.), Registration Rights Agreement (Nutrition 21 Inc)
Contribution. If the indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 6 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (LENSAR, Inc.), Securities Purchase Agreement (LENSAR, Inc.), Registration Rights Agreement (Apollo Endosurgery, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any LossesParty, then each Indemnifying Party shall in lieu of indemnifying such Indemnified party, contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Vistula Communications Services, Inc.), Registration Rights Agreement (Vistula Communications Services, Inc.), Registration Rights Agreement (Vistula Communications Services Inc)
Contribution. If (a) In order to provide for just and equitable contribution in circumstances in which the indemnification under indemnity provided in Section 5(a) or 5(b) is 13 hereof would otherwise be available in accordance with its terms but is, for any reason held to be illegal, unavailable to an or unenforceable by the Indemnified Party Parties or enforceable otherwise than in accordance with its terms or is insufficient to hold an the Agent or any other Indemnified Party harmless for in respect of a Claim, the Agent or the other Indemnified Party and the Company shall contribute to the aggregate of all Losses of the nature contemplated in Section 13 hereof and suffered or incurred by the Indemnified Parties in the following proportions: (i) the relative benefits received by the Agent or the other Indemnified Party, on the one hand (being, in respect of the Agent, the Cash Commission), and the relative benefits received the Company on the other hand (being the gross proceeds derived from the sale of the Initial Special Warrants and any Losses, then each Indemnifying Additional Securities less the Cash Commission); (ii) the relative fault of the Company on the one hand and the Agent or the other Indemnified Party on the other hand; and (iii) relevant equitable considerations; provided that the Company shall in any event contribute to the amount paid or payable by such the Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party Parties as a result of such Claim any Losses excess of such amount over the amount of Cash Commission actually received by the Agent or any other Indemnified Party under this Agreement and further provided that the Agent or any other Indemnified Party shall not in any event be liable to contribute, in the aggregate, any amount in excess of the total Cash Commission or any portion thereof actually received by the Agent. However, no party who has engaged in any gross negligence, intentional fraud or wilful misconduct shall be deemed entitled to includeclaim contribution from any person who has not engaged in such gross negligence, subject intentional fraud or wilful misconduct.
(b) The rights to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification contribution provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not 14 shall be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to and not in derogation of any liability other right to contribution which the Indemnified Parties may have by statute or otherwise at law.
(c) If an Indemnified Party has reason to believe that a claim for contribution may arise, the Indemnifying Parties Indemnified Party shall give the Company notice thereof in writing, but failure to so notify shall not relieve the Company of any obligation which it may have to the Indemnified PartiesParty under this Section 14 provided that the Company is not materially and adversely prejudiced by such failure, and the right of the Company to assume the defence of such Indemnified Party shall apply as set out in Section 13 hereof, mutatis mutandis.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement (Acreage Holdings, Inc.), Agency Agreement
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission; provided, however, that no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5(d) are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Dianthus Therapeutics, Inc. /DE/), Registration Rights Agreement (Mirum Pharmaceuticals, Inc.), Subscription Agreement (Magenta Therapeutics, Inc.)
Contribution. If the indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Cyclo Therapeutics, Inc.), Registration Rights Agreement (Digital Brands Group, Inc.), Registration Rights Agreement (Digital Brands Group, Inc.)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 5 from the Indemnifying Party is unavailable to an Indemnified Party hereunder or insufficient to hold harmless an Indemnified Party harmless for in respect of any LossesLiabilities referred to herein, then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party, Party as a result of such Liabilities in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that actions which resulted in such Losses Liabilities, as well as any other relevant equitable considerations. The relative fault faults of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses the Liabilities referred to above shall be deemed to include, subject to the limitations set forth in this AgreementSections 5(a), 5(b), and 5(c) , any reasonable attorneys’ and documented out-of-pocket legal or other fees fees, charges or expenses reasonably incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees investigation or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. proceeding.
(i) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d)) were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. In no event shall the contribution obligation of a Holder of Registrable Securities any Designated Shareholder be greater required to contribute an amount under this Section 5(d) in amount than the dollar amount excess of the net proceeds (net of all expenses paid received by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it Designated Shareholder upon the sale of the such Designated Shareholder’s Registrable Securities pursuant to the Registration Statement giving rise to such contribution obligation. The indemnity and contribution agreements contained , except in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiescase of fraud by such Designated Shareholder.
Appears in 3 contracts
Samples: Registration Rights Agreement (Biotime Inc), Transfer Agreement (Biotime Inc), Equity and Note Purchase Agreement (Biotime Inc)
Contribution. If the a claim for indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. Notwithstanding anything to the contrary contained herein, the Holder shall be liable or required to contribute under this Section 5(c) for only that amount as does not exceed the net proceeds to such Holder as a result of the sale of Registrable Securities pursuant to such Registration Statement. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11(f) of the proceeds (net of all expenses paid by such Holder in connection with Securities Act) shall be entitled to contribution from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Wynnefield Partners Small Cap Value Lp), Registration Rights Agreement (DLH Holdings Corp.), Registration Rights Agreement (DLH Holdings Corp.)
Contribution. If the a claim for indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party or is insufficient to hold an such Indemnified Party harmless for any LossesLosses in respect of which this Section would apply by its terms (other than by reason of exceptions provided in this Section), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, (i) in such proportion as is appropriate to reflect the relative benefits received by the Indemnifying Party on the one hand and the Indemnified Party on the other from the distribution of the Registrable Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative benefits received by the Indemnified Party and the Indemnifying Party, as the case may be, shall be deemed to be in the same proportion as the total net proceeds received by the Company from the initial sale of the Registrable Securities by the Company to the Purchasers pursuant to the Purchase Agreement and the Warrants bear to the gain, if any, realized by the selling Holder upon the resale thereof. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 6(c), any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its termsparty. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 6(d), no event Purchaser shall be required to contribute, in the contribution obligation aggregate, any amount in excess of a Holder the amount by which the proceeds actually received by such Purchaser from the sale of the Registrable Securities be greater in amount than subject to the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and Proceeding exceeds the amount of any damages that such Holder Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Invu Inc), Registration Rights Agreement (Surgilight Inc), Registration Rights Agreement (Surgilight Inc)
Contribution. If the a claim for indemnification under Section 5(a6(a) or 5(b6(b) of this Agreement is unavailable to an Indemnified Party or is insufficient to hold an such Indemnified Party harmless for any LossesLosses in respect of which this Section would apply by its terms (other than by reason of exceptions provided in this Section), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, (i) in such proportion as is appropriate to reflect the relative benefits received by the Indemnifying Party on the one hand and the Indemnified Party on the other from the distribution of the Registrable Securities or (ii) if the allocation provided by clause (i) above in this paragraph is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in such clause (i) but also the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 6(c) hereof, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its termsparty. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 6(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of its Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon the sale of the Registrable Securities giving rise Act) shall be entitled to contribution from any Person who was not guilty of such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 3 contracts
Samples: Convertible Debenture Purchase Agreement (Scores Holding Co Inc), Registration Rights Agreement (Jill Kelly Productions Holding, Inc.), Purchase and Registration Rights Agreement (M Wise Inc)
Contribution. If the a claim for indemnification under Section 5(a) or 5(b) is due but unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault benefits received by the Indemnifying Party on the one hand and the Indemnified Party on the other from the offering of the Preferred Stock and Warrants. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative fault, as applicable, of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 5(c), any reasonable attorneys’ ' or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. In no event shall any selling Holder be required to contribute an amount under this Section 5(d) in excess of the net proceeds received by such Holder upon sale of such Holder's Registrable Securities pursuant to the Registration Statement giving rise to such contribution obligation. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall No Person guilty of fraudulent misrepresentation (within the contribution obligation meaning of a Holder of Registrable Securities be greater in amount than the dollar amount Section 11(f) of the proceeds (net of all expenses paid by such Holder in connection with Securities Act) shall be entitled to contribution from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified PartiesParties pursuant to the law.
Appears in 3 contracts
Samples: Registration Rights Agreement (Manaris Corp), Registration Rights Agreement (Astrata Group Inc), Registration Rights Agreement (Vision Capital Advisors, LLC)
Contribution. If the a claim for indemnification under Section 5(a6(a) or 5(b6(b) is unavailable to an Indemnified Party because of a failure or insufficient refusal of a governmental authority to hold an Indemnified Party harmless for any Lossesenforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses Losses, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Indemnifying, Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this AgreementSection 6(c), any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party there would have been indemnified indemnification for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. Notwithstanding anything to the contrary contained herein, a Holder shall be liable or required to contribute under this Section 6(d) for only such amount as does not exceed the net proceeds to such Holder as a result of the sale of Registrable Securities pursuant to the registration statement. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d6(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding this paragraph. In no event No Person guilty of fraudulent misrepresentation (within the meaning provided in the Securities Act) shall the be entitled to contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with from any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason Person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the an Indemnifying Parties Party may have to the an Indemnified PartiesParty.
Appears in 3 contracts
Samples: Registration Rights Agreement (American Electric Technologies Inc), Registration Rights Agreement (Stratus Media Group, Inc), Registration Rights Agreement (Calpian, Inc.)
Contribution. If the indemnification under Section 5(a7(a) or 5(b7(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d7(e) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 7 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Comstock Resources Inc), Registration Rights Agreement (Comstock Resources Inc), Registration Rights Agreement (Comstock Oil & Gas Investments, LLC)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 8 is unavailable to an Indemnified Party or is insufficient to hold an such Indemnified Party harmless for any LossesLosses in respect of which this Section 8 would otherwise apply by its terms (other than by reason of exceptions provided in this Section 8), then each applicable Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall have a joint and several obligation to contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party Party, on the one hand, and such Indemnified Party Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party Party, on the one hand, and Indemnified Party Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party an Indemnified Party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ legal or other fees or expenses incurred by such party in connection with any Proceeding proceeding, to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 8(a) or 8(b) was available to such party in accordance with its termsparty. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d8(d) were determined by pro rata allocation or by any other another method of allocation that does not take into account of the equitable considerations referred to in the immediately preceding paragraph. In no event Notwithstanding the provisions of this Section 8(d), a selling Holder shall not be required to contribute, in the contribution obligation aggregate, any amount in excess of a Holder such Holder's Maximum Contribution Amount. A selling Holder's "Maximum Contribution Amount" shall equal the excess of Registrable Securities be greater in amount than (i) the dollar amount of the aggregate proceeds (net of all expenses paid received by such Holder in connection with any claim relating pursuant to this Section 5 and the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) received by it upon of the sale Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders' obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount at maturity of the Registrable Securities giving rise held by each Holder hereunder and not joint. The Company's and Guarantors' obligations to such contribution obligationcontribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Eschelon Telecom Inc), Registration Rights Agreement (McLeodusa Inc), Registration Rights Agreement (Eschelon Telecom of California, Inc.)
Contribution. 4.4.1 If the indemnification under Section 5(a) or 5(b) provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to an any Indemnified Party in respect of any loss, claim, damage, liability or insufficient action referred to hold an Indemnified Party harmless for any Lossesherein, then each such Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault benefits received by the Indemnified Parties and the Indemnifying Parties from the offering. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the Indemnified Party failed to give the notice required under Section 4.3 above, then each Indemnifying Parties shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Indemnified Parties and the Indemnifying Party and Indemnified Party Parties in connection with the actions, statements actions or omissions that which resulted in such Losses loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of such Indemnifying any Indemnified Party and Indemnified any Indemnifying Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnified Party or such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. .
4.4.2 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.4 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphSection 4.4.1. In The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no event shall the contribution obligation of a Holder holder of Registrable Securities shall be greater required to contribute any amount in amount than excess of the dollar amount of the net proceeds (net after payment of all expenses paid any underwriting fees, discounts, commissions or taxes) actually received by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon holder from the sale of the Registrable Securities giving which gave rise to such contribution obligation. The indemnity and No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution agreements contained in this Section are in addition to from any liability that the Indemnifying Parties may have to the Indemnified Partiesperson who was not guilty of such fraudulent misrepresentation.
Appears in 3 contracts
Samples: Registration Rights Agreement (Asia Special Situation Acquisition Corp), Registration Rights Agreement (Asia Special Situation Acquisition Corp), Registration Rights Agreement (Asia Special Situation Acquisition Corp)
Contribution. 4.4.1. If the indemnification under Section 5(a) or 5(b) provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to an any Indemnified Party in respect of any loss, claim, damage, liability or insufficient action referred to hold an Indemnified Party harmless for any Lossesherein, then each such Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified PartyParty as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative benefits received by the Indemnified Parties and the Indemnifying Parties from the offering. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the Indemnified Party failed to give the notice required under Section 4.3 above, then each Indemnifying Parties shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Indemnified Parties and the Indemnifying Party and Indemnified Party Parties in connection with the actions, statements actions or omissions that which resulted in such Losses loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of such Indemnifying any Indemnified Party and Indemnified any Indemnifying Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnified Party or such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms.
4.4.2. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 4.4 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphSection 4.4.1. In The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no event shall the contribution obligation of a Holder holder of Registrable Securities shall be greater required to contribute any amount in amount than excess of the dollar amount of the net proceeds (net after payment of all expenses paid any underwriting fees, discounts, commissions or taxes) actually received by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon holder from the sale of the Registrable Securities giving which gave rise to such contribution obligation. The indemnity and No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution agreements contained in this Section are in addition to from any liability that the Indemnifying Parties may have to the Indemnified Partiesperson who was not guilty of such fraudulent misrepresentation.
Appears in 3 contracts
Samples: Registration Rights Agreement (MPLC, Inc.), Registration Rights Agreement (Apex Bioventures Acquisition Corp), Registration Rights Agreement (Doubloon Corp.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute, in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject or giving rise to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received , except in the case of fraud by it upon the sale of the Registrable Securities giving rise to such contribution obligationHolder. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Imageware Systems Inc), Registration Rights Agreement (Imageware Systems Inc), Registration Rights Agreement (Imageware Systems Inc)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. EXHIBIT A TO ARTL SUBSCRIPTION AGREEMENT The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Subscription Agreement (Artelo Biosciences, Inc.), Registration Rights Agreement (Artelo Biosciences, Inc.), Subscription Agreement (Artelo Biosciences, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall (i) a Holder of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) be entitled to contribution from any other Holder of Registrable Securities who was not guilty of fraudulent misrepresentation, and (ii) the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Outlook Therapeutics, Inc.), Registration Rights Agreement (Outlook Therapeutics, Inc.), Registration Rights Agreement (Harpoon Therapeutics, Inc.)
Contribution. If the indemnification under Section 5(a) provided for in this SECTION 8 is insufficient or 5(b) is unavailable to an any Indemnified Party under this SECTION 8 in respect of any losses, claims, damages, liabilities or insufficient expenses referred to hold an therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party harmless for any Losseshereunder, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Partydamages, liabilities or expenses in such proportion as is appropriate to reflect the relative benefits received by the Trust on the one hand and the Distributor on the other from the offering of the Shares. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the Indemnified Party failed to give the notice required under SECTION 8.3(A) , above (and the Indemnifying Party was prejudiced by such failure), then each Indemnifying Party shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Indemnifying Party Trust on the one hand and Indemnified Party the Distributor on the other in connection with the actions, statements or omissions that which resulted in such Losses losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative benefits received by the Trust on the one hand and the Distributor on the other shall be deemed to be in the same proportion as the amount of gross proceeds received by the Trust from the offering of the Shares under this Agreement (expressed in dollars) bears to the gross proceeds received by the Distributor under this Agreement. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, such Indemnifying Party by the Trust on the one hand or Indemnified Party, the Distributor on the other and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to Trust and the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto Distributor agree that it would not be just and equitable if contribution contributions pursuant to this Section 5(d) SECTION 8.4 were determined by pro rata allocation or by any other method of allocation that which does not take into account of the equitable considerations referred to in the immediately preceding paragraphherein. In no event shall the contribution obligation of The amount paid or payable by an Indemnified Party as a Holder of Registrable Securities be greater in amount than the dollar amount result of the proceeds losses, claims, damages or liabilities (net of all or actions in respect thereof) referred to above shall be deemed to include any legal or other expenses paid reasonably incurred by such Holder Indemnified Party in connection with investigating or defending any claim relating such action or claim. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to this Section 5 and the amount of xxxxxxxution from any damages such Holder has otherwise been required to pay by reason person who was not guilty of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesfraudulent misrepresentation.
Appears in 3 contracts
Samples: Distribution Agreement (Winton Diversified Opportunities Fund), Distribution Agreement (Winton Diversified Opportunities Fund), Distribution Agreement (Winton Series Trust)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all reasonable expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Mabvax Therapeutics Holdings, Inc.), Registration Rights Agreement (Majesco Entertainment Co), Registration Rights Agreement (VerifyMe, Inc.)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ ' or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In Notwithstanding the provisions of this Section 5(d), no event Holder shall be required to contribute pursuant to this Section 5(d), in the contribution obligation of a Holder of Registrable Securities be greater aggregate, any amount in amount than the dollar amount excess of the amount by which the net proceeds (net of all expenses paid actually received by such Holder in connection with any claim relating from the sale of the Registrable Securities subject to this Section 5 and the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section 5 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
Appears in 3 contracts
Samples: Registration Rights Agreement (Portsmouth Square Inc), Registration Rights Agreement (Santa Fe Financial Corp), Registration Rights Agreement (Intergroup Corp)
Contribution. If the indemnification under provided for in this Section 5(a) or 5(b) 8 is unavailable to an Indemnified Party or is insufficient to hold an such Indemnified Party harmless for any LossesLosses in respect of which this Section 8 would otherwise apply by its terms (other than by reason of exceptions provided in this Section 8), then each applicable Indemnifying Party Party, in lieu of indemnifying such Indemnified Party, shall have a joint and several obligation to contribute to the amount paid or payable by such Indemnified PartyParty as a result of such Losses, (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party, on the one hand, and such indemnified party, on the other hand, from the sale of Registrable Notes, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Indemnifying Party indemnifying party, on the one hand, and Indemnified Party such indemnified party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party Party, on the one hand, and Indemnified Party Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party an Indemnified Party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, include any reasonable attorneys’ legal or other fees or expenses incurred by such party in connection with any Proceeding proceeding, to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 8(a) or 8(b) was available to such party in accordance with its terms. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation. The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Partiesparty.
Appears in 3 contracts
Samples: Registration Rights Agreement (Edgen Murray PLC), Registration Rights Agreement (Edgen Corp), Registration Rights Agreement (Edgen Louisiana CORP)
Contribution. If the indemnification under Section 5(a) or 5(b) provided for herein is unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for any Lossesindemnified party hereunder, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by such Indemnified Party, indemnified party as a result of the Losses (or actions or proceedings in respect thereof) referred to herein in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party on the one hand and Indemnified Party the indemnified party on the other in connection with the statements, omissions, actions, statements or omissions that inactions which resulted in such Losses as well as any other relevant equitable considerationsLosses. The relative fault of such Indemnifying Party the indemnifying party and Indemnified Party the indemnified party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or the omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied byby the indemnifying party or the indemnified party, any action or inaction by any such Indemnifying Party or Indemnified Partyparty, and the parties’ relative intent, knowledge, access to information information, and opportunity to correct or prevent such statement, omission, action, statement or omissioninaction. The amount paid or payable No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. Promptly after receipt by a an indemnified party as a result hereunder of written notice of the commencement of any Losses shall action, suit, proceeding, investigation, or threat thereof with respect to which a claim for contribution may be deemed made against an indemnifying party hereunder, such indemnified party shall, if a claim for contribution in respect thereto is to includebe made against an indemnifying party, subject give written notice to the limitations set forth in this Agreementindemnifying party of the commencement thereof (if the notice specified herein has not been given with respect to such action); provided, however, that the failure to so notify the indemnifying party shall not relieve it from any reasonable attorneys’ or other fees or expenses incurred by such obligation to provide contribution which it may have to any indemnified party in connection with any Proceeding hereunder, except to the extent such that the indemnifying party would have been indemnified for such fees or expenses if is actually prejudiced by the indemnification provided for in this Section was available failure to such party in accordance with its termsgive notice. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) hereto were determined by pro rata allocation or by any other method of allocation that which does not take into account the of equitable considerations referred to in herein. If indemnification is available hereunder, the immediately preceding paragraph. In no event indemnifying parties shall indemnify each indemnified party to the contribution obligation fullest extent provided herein, without regard to the relative fault of a Holder of Registrable Securities be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with said indemnifying party or indemnified party or any claim relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligationother equitable consideration provided for herein. The indemnity and contribution agreements contained in this Section are provisions hereof shall be in addition to any liability that the Indemnifying Parties other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract, shall remain in full force and effect regardless of any investigation made by or on behalf of any indemnified party, and shall survive the Indemnified Partiestransfer of securities by any such party.
Appears in 3 contracts
Samples: Registration Rights Agreement (Far East Energy Corp), Registration Rights Agreement (Far East Energy Corp), Registration Rights Agreement (Far East Energy Corp)
Contribution. If Each party hereto agrees that, if for any reason the indemnification under provisions contemplated by Section 5(a) 2.5.1 or 5(b) is 2.5.2 hereof are unavailable to an Indemnified Party or insufficient to hold harmless an Indemnified Party harmless for indemnified party in respect of any Losseslosses, claims, damages, liabilities, or expenses (or actions in respect thereof) referred to therein, then each Indemnifying Party indemnifying party shall contribute to the amount paid or payable by such Indemnified Partyindemnified party as a result of such losses, claims, liabilities, or expenses (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party indemnifying party and Indemnified Party the indemnified party in connection with the actions, statements or omissions that actions which resulted in such Losses the losses, claims, damages, liabilities or expenses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party indemnifying party and Indemnified Party indemnified party shall be determined by reference to, among other things, whether any action in question, including any the untrue or alleged untrue statement of a material fact or omission or alleged omission of to state a material fact, has been taken or made by, or fact relates to information supplied by, by such Indemnifying Party indemnifying party or Indemnified Partyindemnified party, and the parties’ ' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result ; provided that in no event shall the obligation of any Losses shall be deemed indemnifying party to include, subject to contribute under this Section 2.5.4 exceed the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by amount that such party in connection with any Proceeding to the extent such indemnifying party would have been indemnified for such fees or expenses obligated to pay by way of indemnification if the indemnification provided for in this Section was under Sections 2.5.1 or 2.5.2 hereof had been available to such party in accordance with its termsunder the circumstances. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) 2.5.4 were determined by pro rata allocation (even if the Holders or any underwriters or all of them were treated as one entity for such purpose) or by any other method of allocation that which does not take into account of the equitable considerations referred to in this Section 2.5.4. The amount paid or payable by an indemnified party as a result of the immediately preceding paragraphlosses, claims, damages, liabilities, or expenses (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or, except as provided in Section 2.5.3 hereof, defending any such action or claim. In Notwithstanding the provisions of this Section 2.5.4, no event Holder shall the contribution obligation of a Holder of Registrable Securities be required to contribute an amount greater in amount than the dollar amount of by which the net proceeds (net of all expenses paid received by such Holder in connection with respect to the sale of any claim relating to this Section 5 and Registrable Securities exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such any and all untrue or alleged untrue statement statements of material fact or omission omissions or alleged omission) received by it upon the omissions of material fact made in any registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto related to such sale of Registrable Securities. No person guilty of fraudulent misrepresentation (within the Registrable meaning of Section 11(f) of the Securities giving rise Act) shall be entitled to contribution from any person who was not guilty of such contribution obligationfraudulent misrepresentation. The indemnity and contribution agreements contained Holders' obligations in this Section are 2.5.4 to contribute shall be several in addition to any liability that the Indemnifying Parties may have proportion to the Indemnified Partiesamount of Registrable Securities registered by them and not joint. If indemnification is available under this Section 2.5, the indemnifying parties shall indemnify each indemnified party to the full extent provided in Sections 2.5.1 and 2.5.2 hereof without regard to the relative fault of said indemnifying party or indemnified party or any other equitable consideration provided for in this Section 2.5.4 subject, in the case of the Holders, to the limited dollar amounts set forth in Section 2.5.2 hereof.
Appears in 3 contracts
Samples: Registration Rights Agreement (C/R Marine Domestic Partnership Lp a Delaware Lp), Registration Rights Agreement (Seabulk International Inc), Registration Rights Agreement (Seacor Holdings Inc /New/)