Indemnification by BCC Clause Samples
The "Indemnification by BCC" clause requires BCC to compensate or protect the other party from losses, damages, or liabilities that arise from specific actions or omissions attributable to BCC. Typically, this clause applies if BCC’s conduct, negligence, or breach of contract causes a third party to make a claim against the other party, obligating BCC to cover legal costs, settlements, or judgments. Its core function is to allocate risk by ensuring that BCC bears responsibility for certain harms, thereby protecting the other party from financial exposure due to BCC’s actions.
Indemnification by BCC. Subject to Section 5.7(c), in the event BCC breaches any of its representations, warranties, and covenants contained in the Agreement, and, provided that any Trupet Member makes a written claim for indemnification against BCC prior to the applicable expiration date in Section 5.7(c)(ii) (pursuant to this Section 5.7(a)(ii) in the case of a direct claim by the Trupet Member against BCC or pursuant to Section 5.7(b) below in the case of a third party claim), then BCC agrees to indemnify the Trupet Members or any Affiliate (a “Trupet Indemnified Party”) from and against the entirety of any Damages the Trupet Members may suffer through and after the date of the claim for indemnification resulting from, arising out of, relating to, or caused by such breach by BCC.
Indemnification by BCC. Subject to Section 5.6(c), in the event BCC breaches any of its representations, warranties, and covenants contained in the Agreement, and, provided that any Bona Vida Shareholder makes a written claim for indemnification against BCC prior to the applicable expiration date in Section 5.6(c)(ii) (pursuant to this Section 5.6(a)(ii) in the case of a direct claim by the Bona Vida Shareholder against BCC or pursuant to Section 5.6(b) below in the case of a third party claim), then BCC agrees to indemnify the Bona Vida Shareholder or any Affiliate (a “Bona Vida Indemnified Party” and together with the BCC Indemnified Party, the “Indemnified Parties”) from and against the entirety of any Damages the Bona Vida Shareholder may suffer through and after the date of the claim for indemnification resulting from, arising out of, relating to, or caused by such breach by BCC.