Common use of Indemnification of the Buyer Clause in Contracts

Indemnification of the Buyer. (a) Subject to the limitations contained in this Section VIII, the Seller agrees to indemnify, defend and hold harmless the Buyer, its Affiliates, and their respective directors, officers, partners, employees, successors and assigns, from and against any and all losses, liabilities (including punitive or exemplary damages and fines or penalties and any interest thereon), expenses (including fees and disbursements of counsel and expenses of investigation and defense), claims, liens or other obligations of any nature whatsoever after giving credit for any applicable insurance proceeds (hereinafter individually, a "Loss" and collectively, "Losses") which directly or indirectly result from any inaccuracy in or any breach of any representation and warranty, or any breach of any covenant or agreement, of the Seller contained in this Agreement.