Common use of From the Option Completion Date Clause in Contracts

From the Option Completion Date. the Buyer shall indemnify, and keep indemnified, the Seller on demand against each loss, liability and/or cost which the Seller incurs, or which is asserted against or demanded from the Seller, under or in relation to the BECG as a result of the Buyer’s failure to comply with its obligations under Clause 22.1 and each loss, liability and/or **** indicates material omitted and filed separately with the Commission - 26 - cost incurred as a result of defending or settling a claim alleging such a liability. This indemnity shall survive termination of this Agreement.

Appears in 1 contract

Samples: Share Option Agreement (British Energy Group PLC)

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From the Option Completion Date. the Buyer shall indemnify, and keep indemnified, the Seller on demand against each loss, liability and/or cost which the Seller incurs, or which is asserted against or demanded from the Seller, under or in relation to the BECG as a result of the Buyer’s failure to comply with its obligations under Clause 22.1 26.1 and each loss, liability and/or **** indicates material omitted and filed separately with the Commission - 26 - cost incurred as a result of defending or settling a claim alleging such a liability. This indemnity shall survive termination of this Agreement.

Appears in 1 contract

Samples: Asset Option Agreement (British Energy Group PLC)

From the Option Completion Date. the Buyer Seller shall indemnify, and keep indemnified, the Seller Buyer on demand against each loss, liability and/or cost which the Seller Buyer incurs, or which is asserted against or demanded from the SellerBuyer, under or in relation to the BECG as a result in respect of those members of the Buyer’s failure BECG whose employer immediately prior to comply with its obligations under Clause 22.1 their last ceasing active membership of the BECG before the Option Completion Date was not the Seller, and each loss, liability and/or **** indicates material omitted and filed separately with the Commission - 26 - cost incurred as a result of defending or settling a claim alleging such a liability. This indemnity shall survive termination of this Agreement.

Appears in 1 contract

Samples: Asset Option Agreement (British Energy Group PLC)

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From the Option Completion Date. the Buyer Seller shall indemnify, and keep indemnified, the Seller Buyer on demand against each loss, liability and/or cost which the Seller Buyer incurs, or which is asserted against or demanded from the SellerBuyer, under or in relation to the BECG as a result in respect of those members of the Buyer’s failure BECG whose employer immediately prior to comply with its obligations under Clause 22.1 their last ceasing active membership of the BECG before the Option Completion Date was not the Company, and each loss, liability and/or **** indicates material omitted and filed separately with the Commission - 26 - cost incurred as a result of defending or settling a claim alleging such a liability. This indemnity shall survive termination of this Agreement.

Appears in 1 contract

Samples: Share Option Agreement (British Energy Group PLC)

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