Common use of Extent of Indemnification Clause in Contracts

Extent of Indemnification. Without limiting the scope of the indemnification, disclaimer, release and assumption obligations set forth in this Agreement, to the fullest extent permitted by Law, an indemnified Person shall be entitled to indemnification hereunder in accordance with the terms hereof, regardless of whether the Claim or indemnifiable loss giving rise to any such Indemnity Obligation is the result of the sole, partial, active, passive, concurrent or comparative negligence, gross negligence, strict liability, other legal fault or responsibility, or violation of any Law of or by any such indemnified Person.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Energy Group, LLC)

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Extent of Indemnification. Without limiting or enlarging the scope of the indemnification, disclaimer, release disclaimer and assumption obligations set forth in this Agreement, to the fullest extent permitted by Law, an indemnified Person shall be entitled to indemnification hereunder in accordance with the terms hereof, regardless of whether the Claim or indemnifiable loss giving rise to any such Indemnity Obligation indemnification obligation is the result of the sole, partial, active, passive, concurrent or comparative negligence, gross negligence, strict liability, liability or other legal fault or responsibility, or violation of any Law of or by any such indemnified Person. Buyer and Seller acknowledge that this statement complies with the express negligence rule and is conspicuous.

Appears in 2 contracts

Samples: Escrow Agreement (Evolution Petroleum Corp), Membership Interest Purchase Agreement (Mariner Energy Inc)

Extent of Indemnification. Without limiting or enlarging the scope of the indemnification, disclaimerdefense, release release, disclaimer and assumption obligations provisions set forth in this Agreement, to the fullest extent permitted by Law, an indemnified Person shall be entitled to indemnification hereunder in accordance with the terms hereof, regardless of whether the Claim or indemnifiable loss giving rise to any such Indemnity Obligation indemnification obligation is the result of the active or passive, sole, partial, active, passive, concurrent or comparative negligence, negligence or gross negligence, strict HOUSTON 1139976v.13 liability, breach of duty (statutory or otherwise), or other legal fault or responsibility, or violation of any Law of or by any such indemnified Person, or any pre-existing defect.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Extent of Indemnification. Without limiting the scope of the indemnification, disclaimer, release and assumption obligations set forth in this Agreement, to the fullest extent permitted by Law, an indemnified Person shall be entitled to indemnification hereunder in accordance with the terms hereof, regardless of whether unless the Claim or indemnifiable loss giving rise to any such Indemnity Obligation is the result of the sole, partial, active, passive, concurrent gross negligence or comparative negligence, gross negligence, strict liability, other legal fault or responsibility, or violation willful misconduct of any Law of or by any such indemnified Person.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Emerald Oil, Inc.)

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Extent of Indemnification. Without limiting or enlarging the scope of the indemnification, disclaimerdefense, release release, disclaimer and assumption obligations provisions set forth in this Agreement, to the fullest extent permitted by Law, an indemnified Person shall be entitled to indemnification hereunder in accordance with the terms hereof, regardless of whether the Claim or indemnifiable loss giving rise to any such Indemnity Obligation indemnification obligation is the result of the active or passive, sole, partial, active, passive, concurrent or comparative negligence, negligence or gross negligence, strict liability, breach of duty (statutory or otherwise), or other legal fault or responsibility, or violation of any Law of or by any such indemnified Person, or any pre-existing defect.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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