Common use of Indemnification of Parent Indemnitees Clause in Contracts

Indemnification of Parent Indemnitees. (a) Subject to the terms and conditions of this ARTICLE VII (including without limitation the limitations set forth in Section 7.5), Parent, the Surviving Company and the Company, and their respective representatives, successors and permitted assigns (the “Parent Indemnitees”), shall be indemnified, defended and held harmless by the NewCo Shareholders, jointly and severally to the extent of the Escrow Shares, and thereafter severally but not jointly, from and against all Losses asserted against, resulting to, imposed upon, or incurred by any Parent Indemnitee by reason of, arising out of or resulting from:

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bowen Acquisition Corp)

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Indemnification of Parent Indemnitees. (a) Subject to the terms and conditions of this ARTICLE Article VII (including without limitation the limitations set forth in Section 7.57.4), Parent, the Surviving Company Parent and the Company, and their respective its representatives, successors and permitted assigns (the “Parent Indemnitees”), ) shall be indemnified, defended and held harmless by the NewCo ShareholdersShareholders (the “Shareholder Indemnitors”) but, jointly and severally except as provided for in this Article VII, only to the extent of the Indemnity Escrow Shares, and thereafter severally but not jointly, from and against all Losses asserted against, resulting to, imposed upon, or incurred by any Parent Indemnitee by reason of, arising out of or resulting from:

Appears in 1 contract

Samples: Sale and Purchase Agreement (Long Blockchain Corp.)

Indemnification of Parent Indemnitees. (a) Subject to the terms and conditions of this ARTICLE VII Article VIII (including without limitation the limitations set forth in Section 7.58.4), Parent, the Parent and Surviving Company and the Company, and their respective representatives, successors successors, and permitted assigns (the “Parent Indemnitees”), ) shall be indemnified, defended defended, and held harmless by the NewCo Shareholders, jointly and severally but only to the extent of the Escrow Shares, and thereafter severally but not jointlyConsideration, from and against all Losses asserted against, resulting to, imposed upon, or incurred by any Parent Indemnitee by reason of, arising out of or resulting from:

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Black Ridge Acquisition Corp.)

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Indemnification of Parent Indemnitees. (a) Subject Following the Closing, subject to the terms and conditions of this ARTICLE VII Article IX (including without limitation the limitations set forth in Section 7.59.4 and Section 2.8), Parent, the Parent and Surviving Company and the Company, and their respective representatives, successors and permitted assigns (the “Parent Indemnitees”), ) shall be indemnified, defended and held harmless by the NewCo Shareholders, jointly and severally to the extent of the Escrow Shares, and thereafter severally but not jointly, from and against all Losses asserted against, resulting to, imposed upon, or incurred by any Parent Indemnitee Indemnitee, solely by recourse to the Escrow Shares in accordance with the terms of the Escrow Agreement, by reason of, arising out of or resulting from:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Harmony Merger Corp.)

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