Common use of Indemnification for Reserved Securities Clause in Contracts

Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request in writing, to indemnify and hold harmless the International Managers from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain directors, officers, employees and other persons associated with the Company or The Hearst Corporation to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: International Purchase Agreement (Argyle Television Inc)

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Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request in writing, to indemnify and hold harmless the International Managers from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain directorsemployees, officers, employees directors and other persons associated with designated by the Company or The Hearst Corporation to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: International Purchase Agreement (Interliant Inc)

Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request in writing, to indemnify and hold harmless the International Managers from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain directorseligible employees, officerstheir relatives, employees and other friends of the Company and its subsidiaries and persons associated having business relationships with the Company or The Hearst Corporation to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: International Purchase Agreement (Garmin LTD)

Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request in writing, to indemnify and hold harmless the International Managers from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain eligible directors, officers, employees and other persons associated with business associates of the Company or The Hearst Corporation and related persons to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: International Purchase Agreement (Exact Corp)

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Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request request, in writing, writing to indemnify and hold harmless the International Managers Underwriters from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain eligible [directors, officersemployees, employees business associates and related persons of the Company and its subsidiaries and other persons associated with the Company or The Hearst Corporation persons] to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: Purchase Agreement (Firstamerica Automotive Inc /De/)

Indemnification for Reserved Securities. In connection with the offer and sale of the Reserved Securities, the Company agrees, promptly upon a request in writing, to indemnify and hold harmless the International Managers Underwriters from and against any and all losses, liabilities, claims, damages and expenses incurred by them as a result of the failure of certain the Company's directors, officers, employees employees, related persons of the foregoing and other persons associated with the Company or The Hearst Corporation certain existing shareholders to pay for and accept delivery of Reserved Securities which, by the end of the first business day following the date of this Agreement, were subject to a properly confirmed agreement to purchase.

Appears in 1 contract

Samples: Underwriting Agreement (Direct General Corp)

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