Indemnification by the Surviving Corporation. From and after the Closing, the Surviving Corporation shall indemnify and hold harmless Parent and its Affiliates, officers, directors and employees (collectively, the “Parent Indemnified Parties”), and shall reimburse Parent Indemnified Parties for any Damages resulting from (i) any breach of representation or warranty made by Oakmont or New Oakmont in Article 3, and (ii) any breach or default in the performance by Oakmont or New Oakmont of any covenant or agreement of Oakmont or New Oakmont contained herein.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Brooke Corp), Agreement and Plan of Merger (Oakmont Acquisition Corp.)
Indemnification by the Surviving Corporation. From and after the Closing, the Surviving Corporation shall indemnify and hold harmless Parent and its Affiliates, officers, directors and employees (collectively, the “Parent Indemnified Parties”), and shall reimburse Parent Indemnified Parties for any Damages resulting from (i) any breach of representation or warranty made by Oakmont or New Oakmont in Article 3, and (ii) any breach or default in the performance by Oakmont or New Oakmont of any covenant or agreement of Oakmont or New Oakmont contained herein.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Oakmont Acquisition Corp.), Agreement and Plan of Merger (Oakmont Acquisition Corp.)
