Indemnification from the Seller. Seller hereby agrees to and shall indemnify, defend (with legal counsel reasonably acceptable to Purchaser), and hold Purchaser, its officers, directors, shareholders, employees, affiliates, parent, agents, legal counsel, successors and assigns (collectively, the “Purchaser Group”) harmless at all times after the date of this Agreement, from and against any and all actions, suits, claims, demands, debts, liabilities, obligations, losses, damages, costs, expenses, penalties or injury (including reasonable attorneys’ fees and costs of any suit related thereto) suffered or incurred by any of the Purchaser Group arising from: (a) any misrepresentation by, or breach of any covenant or warranty of the Seller or the Company contained in this Agreement, or any exhibit, certificate, or other instrument furnished or to be furnished by the Seller or the Company hereunder; (b) any nonfulfillment of any agreement on the part of the Seller under this Agreement; or (c) any suit, action, proceeding, claim or investigation against Purchaser Group which arises from or which is based upon or pertaining to the Seller’s or the Company’s conduct or the operation or liabilities of the business of the Company or the Assets prior to the Closing Date.
Appears in 2 contracts
Samples: Merger Agreement (Torchlight Energy Resources Inc), Agreement and Plan of Reorganization (Torchlight Energy Resources Inc)
Indemnification from the Seller. The Seller hereby agrees to and shall indemnify, defend (with legal counsel reasonably acceptable to PurchaserBuyer), and hold PurchaserBuyer, its Rick’s, their officers, directors, shareholders, employees, affiliates, parent, agents, legal counsel, successors and assigns (collectively, the “Purchaser Buyer’s Group”) harmless at all times after the date of this Agreement, from and against any and all actions, suits, claims, demands, debts, liabilities, obligations, losses, damages, costs, expenses, penalties or injury (including reasonable attorneys’ attorneys fees and costs of any suit related thereto) (collectively, “Indemnifiable Loss” or “Indemnifiable Losses”) suffered or incurred by any or all of the Purchaser Buyer’s Group arising from: (a) any material misrepresentation by, or material breach of any covenant or warranty of the Seller or the Company ED contained in this Agreement, or any exhibit, certificate, or other instrument furnished or to be furnished by the Seller or the Company ED hereunder; (b) any nonfulfillment of any material agreement on the part of the Seller or ED under this Agreement; or (c) from any suit, action, proceeding, claim liability or investigation against Purchaser Group which arises from or which is based upon or pertaining obligation due to any third party by ED and/or the Seller incurred prior to the SellerClosing Date, including all damages resulting to the Buyer’s Group from a breach by the Seller or ED of any contracts occurring prior to the Company’s conduct Closing Date; or the operation or (d) any liabilities of the business of the Company or the Assets ED incurred prior to the Closing Date.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)
Indemnification from the Seller. Seller hereby agrees to and shall indemnify, defend (with legal counsel reasonably acceptable to Purchaser), and hold Purchaser, its officers, directors, shareholders, employees, affiliates, parent, agents, legal counsel, successors and assigns (collectively, the “"Purchaser Group”") harmless at all times after the date of this Agreement, from and against any and all actions, suits, claims, demands, debts, liabilities, obligations, losses, damages, costs, expenses, penalties or injury (including reasonable attorneys’ ' fees and costs of any suit related thereto) suffered or incurred by any of the Purchaser Group arising from: (a) any misrepresentation by, or breach of any covenant or warranty of the Seller or the Company contained in this Agreement, or any exhibit, certificate, or other instrument furnished or to be furnished by the Seller or the Company hereunder; (b) any nonfulfillment of any agreement on the part of the Seller under this Agreement; or (c) any suit, action, proceeding, claim or investigation against Purchaser Group which arises from or which is based upon or pertaining to the Seller’s 's or the Company’s 's conduct or the operation or liabilities of the business of the Company or the Assets prior to the Closing Date.
Appears in 1 contract
Samples: Merger Agreement (McCabe Greg)