Common use of Indemnification by Category 5 Clause in Contracts

Indemnification by Category 5. Category 5 shall indemnify and hold harmless the Sellers, in respect of any and all claims, losses, costs, expenses, liabilities, fines, penalties, interest, and damages (including reasonable counsel and accountants' fees and expenses and all other reasonable costs and expenses of investigation, defense or settlement of claims and amounts paid in settlement) incurred by, imposed on or borne by the Sellers resulting from: (a) The breach of any of the representations or warranties made by Category 5 in this Agreement; or (b) The breach or the failure of performance by Category 5 of any of the covenants that it is to perform hereunder.

Appears in 6 contracts

Samples: LLC Membership Exchange Agreement (Category 5 Technologies Inc), Stock Purchase and Exchange Agreement (Category 5 Technologies Inc), Stock Purchase and Exchange Agreement (Category 5 Technologies Inc)

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Indemnification by Category 5. Category 5 shall indemnify and hold harmless the Sellers, in respect of any and all claimschime, losses, costs, expenses, liabilities, fines, penalties, interest, and damages (including reasonable counsel and accountants' fees and expenses and all other reasonable costs and expenses of investigation, defense or settlement of claims chime and amounts paid in settlement) incurred by, imposed on or borne by the Sellers resulting from: (a) The breach of any of the representations or warranties made by Category 5 in this Agreement; , or (b) The breach or the failure of performance by Category 5 of any of the covenants that it is to perform hereunder.

Appears in 1 contract

Samples: Stock Purchase and Exchange Agreement (Category 5 Technologies Inc)

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