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

Indemnification Provisions for Benefit of Sellers. (i) In the event (A) Buyer breaches any representation or warranty contained in Section 3 above and (B) Sellers make a written claim for indemnification against Buyer with respect thereto within one year after the Closing (which written claim shall specify in reasonable particulars the basis of the breach being asserted and, to the extent then determinable, a calculation of any Adverse Consequences which Sellers claims to suffer as a result thereof), then Buyer agrees to indemnify Sellers from and against any Adverse Consequences Sellers suffers through and after the date of the claim for indemnification proximately caused by the breach.