Indemnification Provisions for Benefit of the Company. Merge will indemnify and hold harmless the Company, and its successors, assigns, and the Principal Shareholder, and will pay to the Company or the Principal Shareholder, as the case may be, the amount of any Damages of the Company or the Principal Shareholder arising, directly or indirectly, from or in connection with any breach of any representation or warranty or covenant made by Merge or Acquisition Sub in this Agreement or in any certificate or document delivered by Merge or Acquisition Sub pursuant to this Agreement. Such representations and warranties shall not survive the Closing. The indemnification provisions of this Section 8 are the exclusive remedy available to the Company and the Principal Shareholder for breaches of representations or warranties contained in this Agreement, except in the case of fraud or a willful breach by Merge or Acquisition Sub of any representations, warranties or covenants under this Agreement.
Appears in 4 contracts
Samples: Merger Agreement (Merge Technologies Inc), Merger Agreement (Faliks Aviel), Merger Agreement (Merge Technologies Inc)