Common use of Indemnification Due to Failure to Consummate Purchase Clause in Contracts

Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by Buyer resulting from any failure by such Originator to consummate a purchase after Buyer has requested a transfer of the applicable Receivables to the Purchasers under the terms of the Second Tier Agreement.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Tronox Inc), Purchase and Sale Agreement (Albany International Corp /De/), Purchase and Sale Agreement (Perkinelmer Inc)

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Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by Buyer resulting from any failure by such Originator to consummate a purchase or contribution after Buyer has requested a transfer of the applicable Receivables to the Purchasers Buyer under the terms of the Second Tier Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Great Plains Energy Inc), Purchase and Sale Agreement (Great Plains Energy Inc)

Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by Buyer resulting from any failure by such Originator to consummate a purchase sale of Receivables after Buyer has requested a transfer an Advance for the purposes of funding the applicable purchase price of such Receivables to the Purchasers under the terms of the Second Tier Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arvinmeritor Inc)

Indemnification Due to Failure to Consummate Purchase. Each The Originator will indemnify the Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by the Buyer resulting from any failure by such the Originator to consummate a purchase as contemplated hereunder after the Buyer has requested provided a transfer of the applicable Receivables to the Purchasers Loan Request under the terms of the Second Tier AgreementReceivables Financing Agreement in order to fund such purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Zebra Technologies Corp)

Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify the Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by the Buyer resulting from any failure by such Originator to consummate a purchase as contemplated hereunder after the Buyer has requested provided a transfer of the applicable Receivables to the Purchasers Loan Request or an LC Request under the terms of the Second Tier AgreementReceivables Financing Agreement in order to fund such purchase.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (DCP Midstream, LP)

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Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify the Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by the Buyer resulting from any failure by such Originator to consummate a purchase as contemplated hereunder after the Buyer has requested a transfer of the applicable Receivables to the Purchasers provided an LC Request under the terms of the Second Tier AgreementReceivables Financing Agreement in order to fund such purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Davey Tree Expert Co)

Indemnification Due to Failure to Consummate Purchase. Each Originator will indemnify Buyer on demand and hold it harmless against all costs (including, without limitation, breakage costs) and expenses incurred by Buyer resulting from any failure by such Originator to consummate a purchase sale of Accounts after Buyer has requested a transfer an Advance for the purposes of funding the applicable Receivables to the Purchasers purchase price of such Accounts under the terms terns of the Second Tier Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arvinmeritor Inc)

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