Common use of Indemnification of Sellers Clause in Contracts

Indemnification of Sellers. Global agrees to indemnify and hold -------------------------- harmless Sellers and the Company and each officer, director, stockholder or affiliate of the Company, from and against any Indemnifiable Costs which any of the Sellers or the Company may sustain, or to which any of them may be subject, arising out of (A) any material misrepresentation, breach or default by Global of or under any of the covenants, agreements or other provisions of this Agreement or any other Purchase Agreement or any agreement or document executed in connection herewith or therewith and (B) any tortious acts or omissions by Global or the Companies after the Closing. In addition, the Company and Global shall indemnify the Sellers for any payment or satisfaction of any guarantees by Sellers of the Companies' obligations occurring after the Closing Date.

Indemnification of Sellers. Global agrees to indemnify and hold -------------------------- harmless Sellers and the Company Companies and each officer, director, stockholder or affiliate of the CompanyCompanies, from and against any Indemnifiable Costs which any of the Sellers or the Company may sustain, or to which any of them may be subject, arising out of (A) any material misrepresentation, breach or default by Global of or under any of the covenants, agreements or other provisions of this Agreement or any other Purchase Agreement or any agreement or document executed in connection herewith or therewith and (B) any tortious acts or omissions by Global or the Companies after the Closing. In addition, the Company Companies and Global shall indemnify the Sellers for any payment or satisfaction of any guarantees by Sellers of the Companies' obligations occurring after the Closing Date.