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

Indemnification Provisions for the Sellers’ Benefit. Subject to the limitations set forth in Section 9.01, from and after the Closing, Buyer shall indemnify, defend and hold Sellers and each of their respective Affiliates (other than Target or Nominee), and each of their respective officers, members, partners, managers, directors, employees and agents (collectively, the “Seller Indemnitees”), harmless from and against, and pay to the applicable Seller Indemnitees the amount of, any and all Liabilities arising out of, based upon, attributable to or resulting from: (a) any breach or inaccuracy of any of the representations and warranties of Buyer contained herein or in the certificate delivered at Closing by Buyer pursuant to Section 2.08(g); or (b) any breach of any of the covenants of Buyer contained herein.

Appears in 3 contracts

Samples: Interest Purchase Agreement (Energy 11, L.P.), Interest Purchase Agreement (Energy 11, L.P.), Exclusive Option Agreement (Energy 11, L.P.)

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Indemnification Provisions for the Sellers’ Benefit. Subject to the limitations set forth in Section 9.01, from and after the Closing, Buyer shall indemnify, defend and hold Sellers and each of their respective Affiliates (other than Target or Nominee), and each of their respective officers, members, partners, managers, directors, employees and agents (collectively, the “Seller Indemnitees”), harmless from and against, and pay to the applicable Seller Indemnitees the amount of, any and all Liabilities arising out of, based upon, attributable to or resulting from: (a) any breach or inaccuracy of any of the representations and warranties of Buyer contained herein or in the certificate delivered at Closing by Buyer pursuant to Section 2.08(g2.08(f); or (b) any breach of any of the covenants of Buyer contained herein.

Appears in 1 contract

Samples: Interest Purchase Agreement (Natural Resource Partners Lp)

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Indemnification Provisions for the Sellers’ Benefit. Subject to the limitations set forth in Section 9.01, from and after the Closing, Buyer shall indemnify, defend and hold Sellers Seller and each of their respective its Affiliates (other than Target or Nominee), and each of their respective officers, members, partners, managers, directors, employees and agents (collectively, the “Seller Indemnitees”), harmless from and against, and pay to the applicable Seller Indemnitees the amount of, any and all Liabilities arising out of, based upon, attributable to or resulting from: (a) any breach or inaccuracy of any of the representations and warranties of Buyer contained herein or in the certificate delivered at Closing by Buyer pursuant to Section 2.08(g); or (b) any breach of any of the covenants of Buyer contained herein.

Appears in 1 contract

Samples: Interest Purchase Agreement (Energy 11, L.P.)

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