Common use of Indemnification by CREC Clause in Contracts

Indemnification by CREC. (a) In accordance with the terms and subject to the conditions of this Article V, CREC shall indemnify and hold harmless the Shareholder Parties and their Representatives for, from and against any and all demands, claims, actions, causes of action, proceedings, assessments, losses, damages, liabilities, settlements, judgments, fines, penalties, interest, costs and expenses (including fees and disbursements of counsel) which are asserted against, imposed upon or incurred by any such Person as a result of or in connection with the breach or alleged breach by CREC of any of its representations, warranties, covenants or agreements contained in this Agreement (the "Shareholder Party Breach Claims"); provided, however, that CREC shall only be obligated to indemnify the Shareholder Parties and their Representatives pursuant to this Section 5.2(a) if and to the extent that the aggregate of all Shareholder Party Breach Claims for which any Persons have sought or are seeking indemnification hereunder exceeds $50,000.

Indemnification by CREC. (a) In accordance with the terms and subject to the conditions of this Article VVIII, CREC shall indemnify and hold harmless the Shareholder Parties and their Representatives for, from and against any and all demands, claims, actions, causes of action, proceedings, assessments, losses, damages, liabilities, settlements, judgments, fines, penalties, interest, costs and expenses (including fees and disbursements of counsel) which are asserted against, imposed upon or incurred by any such Person as a result of or in connection with the breach or alleged breach by CREC of any of its representations, warranties, covenants or agreements contained in this Agreement (the "Shareholder Party Breach Claims"); provided, however, that CREC shall only be obligated to indemnify the Shareholder Parties and their Representatives pursuant to this Section 5.2(a) 8.2 if and to the extent that the aggregate of all Shareholder Party Breach Claims for which any Persons have sought or are seeking indemnification hereunder exceeds $50,000.