Common use of Indemnification Provisions for Benefit of the Company Clause in Contracts

Indemnification Provisions for Benefit of the Company. In the event the Purchaser breaches any of its representations, warranties, and covenants contained herein, and, if there is an applicable survival period pursuant to Section 6.1, provided that the Company makes a written claim for indemnification against the Purchaser within the applicable survival period stated in Section 6.1, then the Purchaser agrees to indemnify, defend and hold harmless the Company and its directors, officers, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act, from and against the entirety of any Adverse Consequences the Company or any such persons may suffer through and after the date of the claim for indemnification (including any Adverse Consequences the Company or any such persons may suffer after the end of the applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by the breach (or the alleged breach).

Appears in 3 contracts

Samples: Regulation S Stock Purchase Agreement (New Visual Corp), Regulation S Stock Purchase Agreement (Power Efficiency Corp), Regulation S Stock Purchase Agreement (New Visual Corp)

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Indemnification Provisions for Benefit of the Company. In the event the Purchaser breaches any of its representations, warranties, and covenants contained herein, and, if there is an applicable survival period pursuant to Section 6.17.1, provided that the Company makes a written claim for indemnification against the Purchaser within the applicable survival period stated in Section 6.17.1, then the Purchaser agrees to indemnify, defend and hold harmless the Company and its directors, officers, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act, from and against the entirety of any Adverse Consequences the Company or any such persons may suffer through and after the date of the claim for indemnification (including any Adverse Consequences the Company or any such persons may suffer after the end of the applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by the breach (or the alleged breach).

Appears in 2 contracts

Samples: Regulation S Stock Purchase Agreement (Laserlock Technologies Inc), Regulation S Stock Purchase Agreement (Laserlock Technologies Inc)

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