Common use of Indemnification by the Buyers Clause in Contracts

Indemnification by the Buyers. Each of the Buyers, severally and not jointly, agrees to indemnify, defend and hold harmless Seller against and in respect of any loss, damage, deficiency, cost or expense (including without limitation reasonable attorneys’ fees) resulting from any breach by such Buyer of any of the representations, warranties, covenants or agreements of such Buyer contained in this Agreement.

Appears in 2 contracts

Samples: Promissory Note Transfer Agreement (mLight Tech, Inc.), Promissory Note Transfer Agreement (mLight Tech, Inc.)

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Indemnification by the Buyers. Each of the Buyers, severally and not jointly, agrees to The Buyers shall indemnify, defend and hold harmless Seller the Sellers and their Representatives from and against any and in respect of any lossall Damages, damagewhether or not involving a third-party claim, deficiency, cost or expense (including without limitation reasonable attorneys’ fees) , arising out of, relating to or resulting from (a) any breach by such Buyer Breach of a representation or warranty of any of the representations, warranties, covenants or agreements of such Buyer contained in this Agreement or in any other Transaction Agreement; or (b) any Breach of a covenant of any Buyer contained in this Agreement or in any other Transaction Agreement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (XINHUA SPORTS & ENTERTAINMENT LTD)

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Indemnification by the Buyers. Each The Buyers, jointly and severally, shall indemnify the Sellers in respect of, and hold it harmless against, any and all Damages incurred or suffered by the Sellers resulting from, relating to or constituting: any breach, as of the Buyersdate of this Agreement or as of the Closing Date, severally and not jointly, agrees to indemnify, defend and hold harmless Seller against and in respect of any loss, damage, deficiency, cost representation or expense (including without limitation reasonable attorneys’ fees) resulting from any breach by such Buyer of any warranty of the representations, warranties, covenants or agreements of such Buyer contained in this Agreement or in the Buyer Certificates; any failure to perform any covenant or agreement of the Buyers contained in this Agreement or any Ancillary Agreement; or any Assumed Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Boston Communications Group Inc)

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