Common use of Indemnification Provisions for Benefit of Buyer Clause in Contracts

Indemnification Provisions for Benefit of Buyer. (a) In the event the Seller or any Subsidiary breaches (or in the event any third party alleges facts that, if true, would mean Seller or a Subsidiary has breached) any representations, warranties or covenants contained in this Agreement, and if there is an applicable survival period pursuant to Section 8.1 (provided that Buyer makes a written claim for indemnification against Seller within the survival period), then Seller agrees to indemnify Buyer Parties from and against the entirety of any Adverse Consequences any of Buyer Parties may suffer through and after the date of the claim for indemnification (including any Adverse Consequences Buyer Parties may suffer after the end of any applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by such breach (or alleged breach).

Appears in 2 contracts

Samples: Asset Purchase Agreement (CVSL Inc.), Asset Purchase Agreement (Intelligent Living Inc.)

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Indemnification Provisions for Benefit of Buyer. (a) In the event the Seller or any Subsidiary Xxxxxx breaches (or in the event any third party alleges facts that, if true, would mean Xxxxxx or Seller or a Subsidiary has breached) any representations, warranties or covenants contained in this Agreementwarranties, and covenants of Xxxxxx or Seller contained herein, and, if there is an applicable survival period pursuant to Section 8.1 (provided that Buyer makes issues a written claim for indemnification against Seller Claim Notice within the such survival period), then Seller each of Xxxxxx, Xxxxxx and Xxxxxx Sales jointly and severally agrees to indemnify Buyer Parties from and against the entirety of any Adverse Consequences any of Buyer Parties may suffer through and after the date of the claim for indemnification (including any Adverse Consequences Buyer Parties may suffer suffered after the end of any applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by such the breach (or the alleged breach).

Appears in 1 contract

Samples: Asset Purchase Agreement (Nelson Thomas Inc)

Indemnification Provisions for Benefit of Buyer. (ai) In the event the Seller or any Subsidiary breaches Sellers (or in the event any third party alleges facts that, if true, would mean Seller or a Subsidiary any of the Sellers has breached) breach any of their Joint and Several representations, warranties, and covenants contained herein during the period such representations, warranties or and covenants contained in this Agreementsurvive, and if there is an applicable survival period pursuant to Section 8.1 (provided that Buyer makes a written claim for indemnification against Seller any of the Sellers pursuant to SECTION 10(H) below within the applicable survival period), then Seller each of the Sellers agrees to indemnify Buyer Parties from and against the entirety of any Adverse Consequences any of Buyer Parties may suffer through and after the date of the claim for indemnification (including any Adverse Consequences Buyer Parties may suffer after the end of any the applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by such the breach (or the alleged breach).

Appears in 1 contract

Samples: Stock Purchase Agreement (Cimnet Inc/Pa)

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Indemnification Provisions for Benefit of Buyer. (ai) In the event any of the Seller or any Subsidiary Sellers breaches (or in the event any third party alleges facts that, if true, would mean Seller or a Subsidiary any of the Sellers has breached) any representations, warranties or of his covenants contained in this Agreementherein or any of his or its representations and warranties contained herein, and if there is an applicable survival period pursuant to Section 8.1 (and, provided that Buyer makes a written claim for indemnification against the Seller pursuant to Section 11(h) below within the such survival period), then the Seller agrees to indemnify Buyer Parties from and against the entirety of any Adverse Consequences any of Buyer Parties may suffer through and after the date of the claim for indemnification (including any Adverse Consequences Buyer Parties may suffer after the end of any applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by such the breach (or the alleged breach).

Appears in 1 contract

Samples: Stock Purchase Agreement (Wintrust Financial Corp)

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