Indemnification by SeraCare Sample Clauses

Indemnification by SeraCare. SeraCare hereby indemnifies Haemonetics and agrees to hold Haemonetics harmless from any liability to a third party imposed upon Haemonetics by reason of any loss, damage or injury suffered by such third party resulting from SeraCare's negligence in the care or custody of the Equipment or the Disposables or from SeraCare's misuse or negligent use of the Equipment or the Disposables, or any use thereof by SeraCare not in conformity with proper procedures as described in the Haemonetics Service and Maintenance and/or PCS/PCS-2 Operators Manuals as amended, or from SeraCare's repair of the Equipment. SeraCare agrees that SeraCare will maintain liability insurance in an amount not less than one million dollars ($1,000,000) and will provide to Haemonetics, from time to time upon request, certificates evidencing such insurance coverage.
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Indemnification by SeraCare. (a) SeraCare shall defend, indemnify and hold Buyer and its affiliates harmless from and against and in respect of any and all losses, liabilities, damages, judgments, settlements and expenses, including reasonable attorneys’ fees, incurred by Buyer and its affiliates (hereinafter “Buyer Losses”) which arise out of (i) any breach of any of the representations and warranties contained in Section 3 hereof, (ii) the ownership, operation or use of any of the Excluded Assets or Excluded Liabilities, or (iii) Excluded Liabilities. Buyer shall give SeraCare prompt written notice of any third party claim which may give rise to any indemnity obligation under this Section 8.1, together with the estimated amount of such claim, and SeraCare shall have the right to assume the defense of any such claim through counsel of its own choosing, by so notifying Buyer within sixty (60) days of receipt of Buyer’s written notice. Failure to give prompt notice shall not affect the indemnification obligations hereunder in the absence of actual prejudice. If Buyer desires to participate in any such defense assumed by SeraCare, it may do so at its sole cost and expense. If SeraCare declines to assume any such defense, it shall be liable for all reasonable costs and expenses of defending such claim incurred by Buyer, including reasonable fees and disbursements of counsel. Neither party shall, without the prior written consent of the other party, which shall not be unreasonably withheld, settle, compromise or offer to settle or compromise any such claim or demand on a basis which would result in the imposition of a consent order, injunction or decree which would restrict the future activity or conduct of the other party or any subsidiary or affiliate thereof or if such settlement or compromise does not include an unconditional release of the other party for any liability arising out of such claim or demand or any related claim or demand.
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Indemnification by SeraCare. Except as otherwise provided --------------------------- in this Article III, SeraCare shall indemnify and hold Life Sciences and its successors and assigns harmless from and against (i) the SeraCare Consolidated Tax Liability, including any Income Taxes that are imposed on SeraCare, any member of the SeraCare Consolidated Group, Life Sciences or any other Person as a result (in whole or in part) of the Distribution or the Merger, (ii) any liability for Income Taxes as a result of Treasury Regulations ss.1.1502-6 or any analogous or similar provision under state or local law or regulation, of any Person which is or has ever been a member of the SeraCare Consolidated Group, (iii) all Income Tax Liabilities that SeraCare is required to pay under Article II hereof, and (iv) any costs and expenses related to any of the foregoing (including, without limitation, reasonable legal, accounting, appraisal, consulting or similar fees and expenses), provided, however, that this Section 3.1 shall not apply to any portion of the Life Sciences Tax Liability.
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Indemnification by SeraCare. Except as otherwise provided in --------------------------- this Agreement or any of the Ancillary Agreements, SeraCare shall, for itself and as agent for each member of the SeraCare Group, including Instituto Grifols, S.A. and its affiliates, indemnify, defend (including but not limited to the payment of reasonable attorneys' fees and expenses) and hold harmless Life Sciences, each member of the Life Sciences Group and each of their respective directors, officers and employees (the "Life Sciences Indemnitees") from and against any and all Liabilities that any third party seeks to impose upon the Life Sciences Indemnitees, or which are imposed upon the Life Sciences Indemnitees, and that (without duplication) relate to, arise out of or result from (i) the Life Sciences Business prior to the Separation Date to the extent that such items are the responsibility of SeraCare pursuant to this Agreement or the Ancillary Agreements; (ii) the SeraCare Business or any Liability of the SeraCare Group other than the Life Sciences Liabilities; or (iii) any breach by SeraCare or any member of the SeraCare Group of the Separation Agreement or any of the Ancillary Agreements, including, without limitation, the obligation to pay any Excluded Liabilities. This Section 5.6 shall not apply to any amounts actually recovered from any third party and/or covered by any insurance policy by Life Sciences in respect of the related loss, subject to the obligation to make interim payments set forth in Section 5.8 below.
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Indemnification by SeraCare. (a) SeraCare warrants that all statements contained herein or in any document delivered in connection with the transactions contemplated hereby shall be true and correct. Said warranties shall be unaffected by any investigation conducted by, to be conducted by, or which could have been conducted by XxXxxx. Except as limited herein below, SeraCare agrees to defend, indemnify and hold XxXxxx harmless from and against any and all demands, claims, causes of action, losses, damages, liabilities, costs and expenses asserted against, resulting to or incurred by XxXxxx by reason of or resulting from any breach of said warranty. The liability of SeraCare under this indemnification shall continue for the maximum period provided by law. SeraCare's indemnity obligation shall be limited to the value of the preferred shares immediately at closing.
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Related to Indemnification by SeraCare

  • Indemnification by Dalmore Dalmore shall indemnify and hold Client, Client’s affiliates and Client’s representatives and agents harmless from any Losses resulting from or arising out of Proceedings to the extent they are based upon (i) a breach of this Agreement by Dalmore or (ii) the wrongful acts or omissions of Dalmore or its failure to comply with any applicable federal, state, or local laws, regulations, or codes in the performance of its obligations under this Agreement.

  • Indemnification by SpinCo Except as otherwise specifically set forth in this Agreement or in any Ancillary Agreement, to the fullest extent permitted by Law, SpinCo shall, and shall cause the other members of the SpinCo Group to, indemnify, defend and hold harmless Parent, each member of the Parent Group and each of their respective past, present and future directors, officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Parent Indemnitees”), from and against any and all Liabilities of the Parent Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

  • Indemnification by Seller Seller shall, indemnify, defend, save and hold Purchaser, any assignee of Purchaser and their respective officers, directors, employees, agents and Affiliates (collectively, "Purchaser Indemnitees") harmless from and against all demands, claims, allegations, assertions, actions or causes of action, assessments, losses, damages, deficiencies, liabilities, costs and expenses (including reasonable legal fees, interest, penalties, and all reasonable amounts paid in investigation, defense or settlement of any of the foregoing and whether or not any such demands, claims, allegations, etc., of third parties are meritorious; collectively, "Purchaser Damages") asserted against, imposed upon, resulting to, required to be paid by, or incurred by any Purchaser Indemnitees, directly or indirectly, in connection with, arising out of, which could result in, or which would not have occurred but for, a breach of any representation or warranty made by Seller in this Agreement, in any certificate or document furnished at Closing pursuant hereto by Seller or any Ancillary Agreement to which Seller is or is to become a party, a breach or nonfulfillment of any covenant or agreement made by any Seller in this Agreement or in any Ancillary Agreement to which Seller is or is to become a party, and any and all liabilities of Seller of any nature whatsoever, whether due or to become due, whether accrued, absolute, contingent or otherwise, existing on the Closing Date or arising out of any transaction entered into, or any state of facts existing, prior to the Closing Date, except for any Assumed Liability. To the extent any Purchaser Indemnitee is entitled to collect Purchaser Damages, Purchaser shall, at its option and subject to the terms of the Escrow Agreement, be entitled to withdraw sufficient funds from the Escrow Fund pursuant to the Escrow Agreement in lieu of payment directly from Seller, and to the extent the amount due any Purchaser Indemnitee exceeds the balance of the funds held under the Escrow Agreement, Purchaser shall be entitled to collect such balance owned to Purchaser Indemnitee directly from Seller.

  • Indemnification by Sellers Subject to the other terms and conditions of this Article IX, Sellers shall indemnify and defend each of Buyer and its Affiliates (including the Company) and their respective Representatives (collectively, the “Buyer Indemnitees”) against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Buyer Indemnitees based upon, arising out of, with respect to or by reason of:

  • Indemnification by Parent Parent shall indemnify and hold harmless the Company and the Stockholders (collectively, the “Company Indemnified Parties”), and shall reimburse the Company Indemnified Parties for, any loss, liability, claim, damage, expense (including, but not limited to, costs of investigation and defense and reasonable attorneys’ fees) or diminution of value (collectively, “Damages”) arising from or in connection with (a) any inaccuracy, in any material respect, in any of the representations and warranties of Parent and Acquisition Corp. in this Agreement or in any certificate delivered by Parent and Acquisition Corp. to the Company pursuant to this Agreement, or any actions, omissions or statements of fact inconsistent with any such representation or warranty, (b) any failure by Parent or Acquisition Corp. to perform or comply in any material respect with any covenant or agreement in this Agreement, (c) any claim for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding alleged to have been made by any such party with Parent or Acquisition Corp. in connection with any of the transactions contemplated by this Agreement, (d) Taxes attributable to any transaction or event occurring on or prior to the Closing, (e) any claim relating to or arising out of any Liabilities of either Parent or Acquisition Corp. on or prior to Closing or with respect to accounting fees arising thereafter, or (f) any litigation, action, claim, proceeding or investigation by any third party relating to or arising out of the business or operations of Parent, or the actions of Parent or any holder of Parent capital stock prior to the Effective Time.

  • Indemnification by Fund Subject to the limitations set forth in this Agreement, each Fund agrees to indemnify and hold harmless the Custodian and its nominees from all losses, damages and expenses (including attorneys' fees) suffered or incurred by the Custodian or its nominee caused by or arising from actions taken by the Custodian, its employees or agents in the performance of its duties and obligations under this Agreement, including, but not limited to, any indemnification obligations undertaken by the Custodian under any relevant subcustodian agreement; provided, however, that such indemnity shall not apply to the extent the Custodian is liable under Sections 6 or 7 hereof. If any Fund requires the Custodian to take any action with respect to Securities, which action involves the payment of money or which may, in the opinion of the Custodian, result in the Custodian or its nominee assigned to such Fund being liable for the payment of money or incurring liability of some other form, such Fund, as a prerequisite to requiring the Custodian to take such action, shall provide indemnity to the Custodian in an amount and form satisfactory to it.

  • Indemnification by Xxxxx Xxxxx agrees to indemnify and hold harmless each of the Fund and the Manager, each of their directors, trustees, members, each of their officers who signed the Registration Statement, and each person, if any, who controls the Fund or the Manager within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of the Fund or the Manager within the meaning of Rule 405 under the Securities Act, against any and all loss, liability, claim, damage and expense described in the indemnity contained in subsection (a) of this Section 10, as incurred, but only with respect to (i) any failure by Xxxxx to comply with the prospectus delivery requirements applicable to Placement Shares and (ii) any untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto), any sales material, or any Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with written information furnished to the Fund or the Manager by Xxxxx expressly for use in the Registration Statement (or any amendment thereto), any sales material, or any Prospectus (or any amendment or supplement thereto). The Fund and the Manager acknowledge that Xxxxx has not furnished any information to the Fund for inclusion in the Prospectus.

  • Indemnification by Client Client shall indemnify and hold Dalmore, its affiliates and their representatives and agents harmless from, any and all actual or direct losses, liabilities, judgments, arbitration awards, settlements, damages and costs (collectively, “Losses”), resulting from or arising out of any third party suits, actions, claims, demands or similar proceedings (collectively, “Proceedings”) to the extent they are based upon (i) a breach of this Agreement by Client, (ii) the wrongful acts or omissions of Client, or (iii) the Offering.

  • Indemnification by Manager The Manager agrees to indemnify and hold harmless the Company, each of its directors, each of its officers who signs the Registration Statement, and each person who controls the Company within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity from the Company to the Manager, but only with reference to written information relating to the Manager furnished to the Company by the Manager specifically for inclusion in the documents referred to in the foregoing indemnity; provided, however, that in no case shall the Manager be responsible for any amount in excess of the Broker Fee applicable to the Shares and paid hereunder. This indemnity agreement will be in addition to any liability which the Manager may otherwise have.

  • Indemnification by Owner The Owner shall indemnify and hold harmless the Servicer and its affiliates and their respective officers, directors, shareholders, employees, agents, successors and any permitted assigns from, and shall reimburse them for, all Damages incurred by or asserted against any of such individuals or entities on or after the Effective Date which arise out of, are in connection with or result from:

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