Indemnification by Selling Shareholder. Each Selling Shareholder, severally and not jointly, agrees to indemnify and hold harmless each Underwriter, its Affiliates and selling agents and each person, if any, who controls any Underwriter within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act to the extent and in the manner set forth in clauses (A)(1), (2) and (3) above in connection with the offering of the Securities by the Selling Shareholder; provided, however, that the aggregate indemnification liability of each Selling Shareholder shall not exceed the net proceeds received by such person from the sale of the Securities sold by such person in the public offering pursuant to this Agreement; and provided, further that each Selling Shareholder shall be liable only to the extent that such untrue statement or alleged untrue statement or omission or alleged omission has been made in the Registration Statement, any preliminary prospectus, the Prospectus or such amendment or supplement in reliance upon and in conformity with information furnished by such Selling Shareholder expressly for use in such document, it being understood and agreed that the only such information furnished by the Selling Shareholders consists of the names and addresses of the Selling Shareholders.
Appears in 4 contracts
Samples: Purchase Agreement (Altra Holdings, Inc.), Purchase Agreement (Altra Holdings, Inc.), Purchase Agreement (Altra Holdings, Inc.)
