Common use of INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLER Clause in Contracts

INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLER. Sellers (other than the Minority Sellers), jointly and severally, will indemnify and hold harmless Buyer, the Acquired Companies, and their respective officers, directors and employees (collectively, the "Indemnified Persons") for, and will pay to the Indemnified Persons the amount of, any loss, liability, claim, damage (including incidental and consequential damages paid by an Indemnified Person to a third party), expense (including costs of investigation and defense and reasonable attorneys' fees) or diminution of value, whether or not involving a third-party claim (collectively, "Damages"), incurred, directly or indirectly, in connection with:

Appears in 1 contract

Samples: Stock Purchase Agreement (Harmonic Lightwaves Inc)

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INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLER. Sellers (other than the Minority Sellers), jointly and severally, Seller will ------------------------------------------------ indemnify and hold harmless Buyer, the Acquired Companies, and their respective officersRepresentatives, directors stockholders, controlling persons, and employees Affiliates (collectively, the "Indemnified Persons") for, and will pay to the Indemnified Persons the amount of, any loss, liability, claim, damage (including incidental and consequential damages paid by an Indemnified Person to a third partydamages), expense (including costs of investigation and defense and reasonable attorneys' fees) ), penalties, fines, compliance costs, or diminution of value, whether or not involving a third-party claim (collectively, "Damages"), incurredarising, directly or indirectly, from or in connection with:

Appears in 1 contract

Samples: Stock Purchase Agreement (Primex Technologies Inc)

INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLER. Sellers (other than the Minority Sellers), jointly and severally, Seller will ------------------------------------------------ indemnify and hold harmless BuyerPurchaser, the Acquired CompaniesCompany, the Subsidiaries and their respective employees, officers, directors directors, stockholders, agents, representatives and employees affiliates (collectively, the "Indemnified Persons") for, and will pay to the Indemnified Persons the amount of, any loss, liability, claim, damage (including incidental and consequential damages paid by an Indemnified Person to a third partydamages), expense (including costs of investigation and defense and reasonable attorneys' fees) or diminution of value, whether or not involving a third-party claim (collectively, "Damages"), incurredarising, directly or indirectly, from or in connection with:

Appears in 1 contract

Samples: Stock Purchase Agreement (Industrial Training Corp)

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INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLER. Sellers (other than a) Subject to expiration of the Minority Sellers)Survival Period, jointly and severally, the Company will indemnify and hold harmless BuyerBuyer and its stockholders, the Acquired Companies, controlling persons and their respective officers, directors and employees affiliates (collectively, the "the_"Buyer's Indemnified Persons") for, and will pay to the Indemnified Persons the amount of, any loss, liability, claim, damage (including incidental and consequential damages paid by an Indemnified Person to a third partydamages), expense (including costs of investigation and defense and reasonable attorneys' fees) or diminution of value, whether or not involving a third-party claim (collectively, "Damages"), incurredarising or resulting, directly or indirectly, from or in connection with:

Appears in 1 contract

Samples: Asset Purchase Agreement (Peoples Telephone Company Inc)

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