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

INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLERS. Sellers agree that they shall jointly and severally indemnify and hold harmless Buyer, Buyer’s Affiliates, and each of their respective officers, directors, employees, agents, successors and assigns (collectively, the “Buyer Indemnified Persons”) from, and will pay to the Buyer Indemnified Persons the amount of, any loss, Liability, Claim, damage, expense, fine or penalty (including the same as they relate to injury to any Person or property, reasonable costs of investigation and defense, and reasonable attorneys’ fees, whether or not involving a Third‑Party Claim) (collectively, “Damages”), arising, directly or indirectly, from or in connection with:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Industrial Services of America Inc), Asset Purchase Agreement (Industrial Services of America Inc)

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INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLERS. Sellers agree that they shall jointly severally, and severally not jointly, in proportion to their ownership of the Shares, will indemnify and hold harmless Buyer, Buyer’s Affiliatesthe Company, and each of their respective officersRepresentatives, directorsstockholders, employeescontrolling persons, agents, successors and assigns affiliates (collectively, the “Buyer "Indemnified Persons") fromfor, and will pay to the Buyer Indemnified Persons the amount of, any loss, Liabilityliability, Claimclaim, damage, expense, fine or penalty damage (including the same as they relate to injury to any Person or propertyincidental and consequential damages), reasonable expense (including costs of investigation and defense, defense and reasonable attorneys' fees) or diminution of value, whether or not involving a Third‑Party Claim) third-party claim (collectively, "Damages"), arising, directly or indirectly, from or in connection with:

Appears in 1 contract

Samples: Stock Purchase Agreement (Fields Aircraft Spares Inc)

INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLERS. Sellers agree that they shall jointly and Sellers, severally in proportion to the pro rata share of the Purchase Price received by them, will indemnify and hold harmless Buyer, Buyer’s Affiliatesthe Company, and each of their respective officersRepresentatives, directorsstockholders, employeescontrolling persons, agents, successors and assigns affiliates (collectively, the “Buyer "Indemnified Persons") fromfor, and will pay to the Buyer Indemnified Persons the amount of, any loss, Liabilityliability, Claimclaim, damage, expense, fine or penalty damage (including the same as they relate to injury to any Person or propertyincidental and consequential damages), reasonable expense (including costs of investigation and defense, defense and reasonable attorneys' fees) or diminution of value, whether or not involving a Third‑Party Claim) third-party claim (collectively, "Damages"), arising, directly or indirectly, from or in connection with:

Appears in 1 contract

Samples: Stock Purchase Agreement (C & F Financial Corp)

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INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLERS. Sellers agree that they shall Subject to the other terms and conditions of this Agreement, Sellers, jointly and severally severally, will indemnify and hold harmless Buyer, Buyer’s AffiliatesCADDX, International and each of their respective employees, officers, directors, employees, agents, successors representatives, stockholders, controlling persons and assigns affiliates (collectively, the “Buyer Indemnified Persons”"LNDEMNIFIED PERSONS") fromfor, and will pay to the Buyer Indemnified Persons the amount of, any loss, Liabilityliability, Claim, damage, expense, fine or penalty damage (including the same as they relate to injury to any Person incidental and consequential damages), or property, reasonable expense (including costs of investigation and defense, defense and reasonable attorneys' fees), whether or not involving a Third‑Party Claim) third-party claim (collectively, “Damages”"DAMAGES"), arising, directly or indirectly, arising from or in connection with:

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Iti Technologies Inc)

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