{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "a-party", "type": "clause", "offset": [49, 56]}, {"key": "any-action", "type": "definition", "offset": [98, 108]}, {"key": "suit-or-proceeding", "type": "clause", "offset": [110, 128]}, {"key": "the-fact", "type": "clause", "offset": [218, 226]}, {"key": "employee-of-the-corporation", "type": "definition", "offset": [268, 295]}, {"key": "serving-at-the-request-of-the-corporation", "type": "clause", "offset": [309, 350]}, {"key": "employee-or-agent", "type": "definition", "offset": [383, 400]}, {"key": "joint-venture", "type": "definition", "offset": [438, 451]}, {"key": "other-enterprise", "type": "clause", "offset": [462, 478]}, {"key": "employee-benefit-plans", "type": "clause", "offset": [514, 536]}, {"key": "basis-of", "type": "clause", "offset": [557, 565]}, {"key": "official-capacity", "type": "definition", "offset": [618, 635]}, {"key": "serving-as-a-director", "type": "clause", "offset": [642, 663]}, {"key": "held-harmless", "type": "clause", "offset": [736, 749]}, {"key": "to-the-fullest-extent-permitted", "type": "clause", "offset": [769, 800]}, {"key": "authorized-by", "type": "definition", "offset": [804, 817]}, {"key": "certificate-of-incorporation-or-bylaws", "type": "clause", "offset": [836, 874]}, {"key": "the-laws", "type": "definition", "offset": [894, 902]}, {"key": "state-of", "type": "definition", "offset": [910, 918]}, {"key": "liability-and-loss", "type": "clause", "offset": [961, 979]}, {"key": "without-limitation", "type": "clause", "offset": [992, 1010]}, {"key": "erisa-excise-taxes", "type": "definition", "offset": [1047, 1065]}, {"key": "by-executive", "type": "clause", "offset": [1157, 1169]}, {"key": "as-to-executive", "type": "clause", "offset": [1235, 1250]}, {"key": "other-entity", "type": "clause", "offset": [1339, 1351]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [1362, 1382]}, {"key": "expenses-incurred", "type": "clause", "offset": [1503, 1520]}, {"key": "in-connection-with", "type": "clause", "offset": [1528, 1546]}, {"key": "receipt-by-the-corporation", "type": "clause", "offset": [1581, 1607]}, {"key": "request-for", "type": "clause", "offset": [1621, 1632]}, {"key": "to-repay", "type": "clause", "offset": [1702, 1710]}, {"key": "not-entitled", "type": "definition", "offset": [1786, 1798]}], "samples": [{"hash": "lTXYUQ4kjs6", "uri": "/contracts/lTXYUQ4kjs6#indemnification-terms", "label": "Employment Agreement (Ipg Photonics Corp)", "score": 16.0, "published": true}, {"hash": "7FeR1tIUhQq", "uri": "/contracts/7FeR1tIUhQq#indemnification-terms", "label": "Employment Agreement (Ipg Photonics Corp)", "score": 16.0, "published": true}, {"hash": "3fAGWv7z4DQ", "uri": "/contracts/3fAGWv7z4DQ#indemnification-terms", "label": "Employment Agreement (Ipg Photonics Corp)", "score": 16.0, "published": true}], "snippet": "The Corporation agrees that if Executive is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a \"Proceeding\"), by reason of the fact that he is or was a director, officer or employee of the Corporation or is or was serving at the request of the Corporation as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is Executive's alleged action in an official capacity while serving as a director, officer, member, employee or agent, Executive shall be indemnified and held harmless by the Corporation to the fullest extent permitted or authorized by the Corporation's certificate of incorporation or bylaws or, if greater, by the laws of the State of Massachusetts, against all cost, expense, liability and loss (including, without limitation, attorney's fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by Executive in connection therewith, and such indemnification shall continue as to Executive even if he has ceased to be a director, member, employee or agent of the Corporation or other entity and shall inure to the benefit of Executive's heirs, executors and administrators. The Corporation shall advance to Executive all reasonable costs and expenses incurred by him in connection with a Proceeding within 20 days after receipt by the Corporation of a written request for such advance. 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and (b) all Damages and/or Actions incurred by the Buyer Parties and Newco arising out of or resulting from any breach of any Warranty made by Sellers contained in Section 3.1 (and not disclaimed in Section 3.3), or breach of any obligation, covenant or agreement made by a Seller Party under this Agreement, or breach of any affirmations of such Warranties contained in the certificate delivered by Sellers at Completion pursuant to Section 7.1.2.5.\n9.1.2 From and after the Signing Date, and except as otherwise provided in this Agreement, Buyer shall indemnify save, hold harmless, and defend the Sellers Parties for all Damages and/or Actions incurred by Sellers arising out of or", "size": 3, "hash": "f28bcc1dca1c209fc31016d1bf83ee54", "id": 2}, {"snippet_links": [{"key": "a-party", "type": "clause", "offset": [53, 60]}, {"key": "any-action", "type": "definition", "offset": [102, 112]}, {"key": "suit-or-proceeding", "type": "clause", "offset": [114, 132]}, {"key": "the-fact", "type": "clause", "offset": [222, 230]}, {"key": "employee-of-the-corporation", "type": "definition", "offset": [272, 299]}, {"key": "serving-at-the-request-of-the-corporation", "type": "clause", "offset": [313, 354]}, {"key": "employee-or-agent", "type": "definition", "offset": [387, 404]}, {"key": "joint-venture", "type": "definition", "offset": [442, 455]}, {"key": "other-enterprise", "type": "clause", "offset": [466, 482]}, {"key": "employee-benefit-plans", "type": "clause", "offset": [518, 540]}, {"key": "basis-of", "type": "clause", "offset": [561, 569]}, {"key": "official-capacity", "type": "definition", "offset": [626, 643]}, {"key": "serving-as-a-director", "type": "clause", "offset": [650, 671]}, {"key": "held-harmless", "type": "clause", "offset": [748, 761]}, {"key": "to-the-fullest-extent-permitted", "type": "clause", "offset": [781, 812]}, {"key": "authorized-by", "type": "definition", "offset": [816, 829]}, {"key": "certificate-of-incorporation-or-bylaws", "type": "clause", "offset": [848, 886]}, {"key": "the-laws", "type": "definition", "offset": [906, 914]}, {"key": "state-of", "type": "definition", "offset": [922, 930]}, {"key": "liability-and-loss", "type": "clause", "offset": [973, 991]}, {"key": "without-limitation", "type": "clause", "offset": [1004, 1022]}, {"key": "erisa-excise-taxes", "type": "definition", "offset": [1059, 1077]}, {"key": "by-the-executive", "type": "clause", "offset": [1169, 1185]}, {"key": "as-to-the-executive", "type": "clause", "offset": [1251, 1270]}, {"key": "other-entity", "type": "clause", "offset": [1359, 1371]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [1382, 1402]}, {"key": "of-the-executive", "type": "clause", "offset": [1403, 1419]}, {"key": "expenses-incurred", "type": "clause", "offset": [1531, 1548]}, {"key": "in-connection-with", "type": "clause", "offset": [1556, 1574]}, {"key": "receipt-by-the-corporation", "type": "clause", "offset": [1609, 1635]}, {"key": "request-for", "type": "clause", "offset": [1649, 1660]}, {"key": "to-repay", "type": "clause", "offset": [1734, 1742]}, {"key": "not-entitled", "type": "definition", "offset": [1818, 1830]}], "samples": [{"hash": "8osKbP2IwuO", "uri": "/contracts/8osKbP2IwuO#indemnification-terms", "label": "Employment Agreement (Ipg Photonics Corp)", "score": 18.0, "published": true}], "snippet": "The Corporation agrees that if the Executive is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a \"Proceeding\"), by reason of the fact that he is or was a director, officer or employee of the Corporation or is or was serving at the request of the Corporation as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is the Executive's alleged action in an official capacity while serving as a director, officer, member, employee or agent, the Executive shall be indemnified and held harmless by the Corporation to the fullest extent permitted or authorized by the Corporation's certificate of incorporation or bylaws or, if greater, by the laws of the State of Massachusetts, against all cost, expense, liability and loss (including, without limitation, attorney's fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by the Executive in connection therewith, and such indemnification shall continue as to the Executive even if he has ceased to be a director, member, employee or agent of the Corporation or other entity and shall inure to the benefit of the Executive's heirs, executors and administrators. The Corporation shall advance to the Executive all reasonable costs and expenses incurred by him in connection with a Proceeding within 20 days after receipt by the Corporation of a written request for such advance. Such request shall include an undertaking by the Executive to repay the amount of such advance if it shall ultimately be determined that he is not entitled to be indemnified against such costs and expenses.", "size": 2, "hash": "01ee7669a1b081f67591bcf7783c9031", "id": 3}, {"snippet_links": [{"key": "no-party", "type": "clause", "offset": [0, 8]}, {"key": "this-section-13", "type": "clause", "offset": [50, 65]}, {"key": "caused-by", "type": "clause", "offset": [110, 119]}, {"key": "the-services", "type": "definition", "offset": [160, 172]}, {"key": "customer-data", "type": "clause", "offset": [176, 189]}, {"key": "other-product", "type": "clause", "offset": [215, 228]}], "samples": [{"hash": "k82fiv7IuNA", "uri": "/contracts/k82fiv7IuNA#indemnification-terms", "label": "Master Services Agreement", "score": 33.4257184019, "published": true}], "snippet": "No Party will have obligations or liability under this Section 13 (Indemnification) arising from infringement caused by modification, misuse or combinations of the Services or Customer Data, as applicable, with any other product, service, software, data, content,", "size": 1, "hash": "57e418771a005f4af41f7259ead84a26", "id": 4}, {"snippet_links": [{"key": "claim-or-proceeding", "type": "definition", "offset": [51, 70]}, {"key": "to-the-extent", "type": "clause", "offset": [97, 110]}, {"key": "based-on", "type": "clause", "offset": [122, 130]}, {"key": "the-program", "type": "clause", "offset": [149, 160]}, {"key": "united-states-patent", "type": "definition", "offset": [175, 195]}, {"key": "third-party", "type": "clause", "offset": [216, 227]}, {"key": "all-costs", "type": "definition", "offset": [266, 275]}, {"key": "and-expenses", "type": "clause", "offset": [286, 298]}, {"key": "provided-that", "type": "clause", "offset": [367, 380]}, {"key": "no-liability", "type": "definition", "offset": [400, 412]}, {"key": "notice-of-any", "type": "clause", "offset": [465, 478]}, {"key": "control-of-the-defense", "type": "clause", "offset": [526, 548]}, {"key": "compromise-or-settlement", "type": "clause", "offset": [610, 634]}, {"key": "defense-and-settlement", "type": "clause", "offset": [683, 705]}, {"key": "written-consent", "type": "definition", "offset": [782, 797]}, {"key": "in-the-event", "type": "clause", "offset": [799, 811]}, {"key": "is-likely", "type": "definition", "offset": [829, 838]}, {"key": "subject-of", "type": "clause", "offset": [888, 898]}, {"key": "infringement-or-misappropriation", "type": "clause", "offset": [940, 972]}, {"key": "the-right", "type": "clause", "offset": [1032, 1041]}, {"key": "in-its-discretion", "type": "clause", "offset": [1102, 1119]}, {"key": "replace-the", "type": "clause", "offset": [1125, 1136]}, {"key": "functionally-equivalent", "type": "definition", "offset": [1162, 1185]}, {"key": "the-customer", "type": "definition", "offset": [1281, 1293]}, {"key": "ability-to", "type": "definition", "offset": [1296, 1306]}, {"key": "use-and-operate", "type": "clause", "offset": [1307, 1322]}, {"key": "in-accordance-with", "type": "definition", "offset": [1335, 1353]}, {"key": "increased-cost", "type": "definition", "offset": [1397, 1411]}, {"key": "right-to-continue", "type": "clause", "offset": [1430, 1447]}], "samples": [{"hash": "1gfwGOu9nU1", "uri": "/contracts/1gfwGOu9nU1#indemnification-terms", "label": "Licensing Agreement (Imageware Software Inc)", "score": 18.0, "published": true}], "snippet": "Viisage shall defend or, at its option, settle any claim or proceeding brought against ImageWare to the extent that it is based on an assertion that the Program infringes any United States patent or copyright of any third party and shall indemnify ImageWare against all costs, damages, and expenses finally awarded against ImageWare which result from any such claim, provided that Viisage shall have no liability hereunder unless (a) ImageWare gives prompt written notice of any such claim or proceeding, (b) Viisage has sole control of the defense of any such claim or proceeding and all negotiations for its compromise or settlement, and (c) ImageWare reasonably cooperates in the defense and settlement thereof and does not admit liability or settle such claim without Viisage's written consent. In the event that the Program is likely to become, in Viisage's opinion, or becomes, the subject of a claim, suit, proceeding, or action for infringement or misappropriation of a United States patent or copyright, Viisage shall have the right, at its option and expense, to perform one of the following in its discretion:\n(i) replace the Program with compatible, functionally equivalent non-infringing technology;\n(ii) modify the Program to make it non-infringing without impairing the Customer's ability to use and operate the Program in accordance with the Documentation; or\n(iii) procure, at no increased cost to ImageWare, the right to continue using the Program.", "size": 1, "hash": "ea6af4821df91bf2c9b1e90c63623cdf", "id": 5}, {"snippet_links": [{"key": "subject-to-sections-4", "type": "clause", "offset": [0, 21]}, {"key": "the-company-will", "type": "clause", "offset": [36, 52]}, {"key": "defend-and-hold-harmless", "type": "clause", "offset": [64, 88]}, {"key": "to-the-fullest-extent-permitted", "type": "clause", "offset": [100, 131]}, {"key": "the-laws", "type": "definition", "offset": [135, 143]}, {"key": "state-of-ohio", "type": "definition", "offset": [151, 164]}, {"key": "effect-on-the", "type": "clause", "offset": [168, 181]}, {"key": "date-hereof", "type": "clause", "offset": [182, 193]}, {"key": "from-time-to-time", "type": "clause", "offset": [214, 231]}, {"key": "scope-of", "type": "definition", "offset": [269, 277]}, {"key": "permitted-indemnification", "type": "clause", "offset": [283, 308]}, {"key": "in-no-case", "type": "clause", "offset": [314, 324]}, {"key": "laws-in-effect", "type": "clause", "offset": [366, 380]}, {"key": "indemnifiable-losses", "type": "clause", "offset": [416, 436]}, {"key": "relating-to", "type": "definition", "offset": [437, 448]}, {"key": "resulting-from", "type": "definition", "offset": [450, 464]}, {"key": "arising-out-of", "type": "definition", "offset": [468, 482]}, {"key": "notify-the", "type": "clause", "offset": [514, 524]}, {"key": "section-16", "type": "definition", "offset": [583, 593]}, {"key": "failure-by", "type": "clause", "offset": [599, 609]}, {"key": "to-the-extent", "type": "clause", "offset": [739, 752]}, {"key": "the-claim", "type": "definition", "offset": [798, 807]}, {"key": "by-the-company", "type": "clause", "offset": [847, 861]}, {"key": "insurance-coverage", "type": "clause", "offset": [897, 915]}], "samples": [{"hash": "1qQXoovTjZE", "uri": "/contracts/1qQXoovTjZE#indemnification-terms", "label": "Indemnification Agreement (Steris Corp)", "score": 21.4024640657, "published": true}], "snippet": "Subject to Sections 4 and 16 below, the Company will indemnify, defend and hold harmless Indemnitee to the fullest extent permitted by the laws of the State of Ohio in effect on the date hereof or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification (but in no case less than the extent permitted under the laws in effect as of the date hereof) against all Indemnifiable Losses relating to, resulting from or arising out of any Claim. The Indemnitee will notify the Company of any Claim or anticipated Claim as set forth in Section 16. The failure by Indemnitee to timely notify the Company of such Claim will not relieve the Company from any liability hereunder unless, and only to the extent that, the Company did not otherwise learn of the Claim and such failure results in forfeiture by the Company of substantial defenses, rights or insurance coverage.", "size": 1, "hash": "a0706000598be79edcc703222e26888a", "id": 6}, {"snippet_links": [{"key": "indemnification-obligation", "type": "clause", "offset": [4, 30]}, {"key": "section-82", "type": "clause", "offset": [34, 45]}, {"key": "business-partner", "type": "definition", "offset": [78, 94]}, {"key": "not-in-default", "type": "clause", "offset": [98, 112]}, {"key": "payment-obligations", "type": "definition", "offset": [120, 139]}, {"key": "the-claim", "type": "definition", "offset": [199, 208]}, {"key": "to-control", "type": "definition", "offset": [230, 240]}, {"key": "defense-and-settlement", "type": "clause", "offset": [245, 267]}, {"key": "the-right", "type": "clause", "offset": [426, 435]}, {"key": "a-non", "type": "clause", "offset": [527, 532]}, {"key": "infringing-product", "type": "definition", "offset": [533, 551]}, {"key": "if-vendor", "type": "clause", "offset": [553, 562]}, {"key": "customer-locations", "type": "clause", "offset": [716, 734]}, {"key": "for-any-other-reason", "type": "clause", "offset": [796, 816]}, {"key": "the-products", "type": "clause", "offset": [874, 886]}, {"key": "this-agreement", "type": "clause", "offset": [914, 928]}, {"key": "distribution-of", "type": "clause", "offset": [948, 963]}], "samples": [{"hash": "dWwXOibS1SQ", "uri": "/contracts/dWwXOibS1SQ#indemnification-terms", "label": "Software Business Partner Agreement (Saleslogix Corp)", "score": 16.0, "published": true}], "snippet": "The indemnification obligation in Section 8.2 shall be effective only if: (1) Business Partner is not in default of its payment obligations to Vendor, (2) Business Partner has given prompt notice of the Claim and permitted Vendor to control the defense and settlement, if any, and (3) Business Partner has reasonably cooperated in the defense of the claim. To reduce or mitigate damages, Vendor may at its own expense procure the right for Business Partner to continue licensing and distributing the Product or replace it with a non-infringing product. If Vendor supplies a non-infringing update or version of the Product, Business Partner shall promptly supply the same to its Customers and install the same at its Customer locations. If, in its judgment, Vendor deems that, due to the Claim or for any other reason, it is not in Vendor's interest to continue distributing the Products, Vendor, without breaching this Agreement, may terminate the distribution of any or all of the Products.", "size": 1, "hash": "2016f6f3386d4bdd1a7af463b36164e3", "id": 7}, {"snippet_links": [{"key": "indemnification-under-this-agreement", "type": "clause", "offset": [5, 41]}, {"key": "subject-to-the", "type": "definition", "offset": [51, 65]}, {"key": "days-after", "type": "definition", "offset": [174, 184]}, {"key": "failure-to-notify", "type": "definition", "offset": [218, 235]}, {"key": "in-no-case", "type": "clause", "offset": [253, 263]}, {"key": "rights-of-indemnitee", "type": "clause", "offset": [278, 298]}, {"key": "to-the-extent", "type": "clause", "offset": [388, 401]}, {"key": "discharge-or", "type": "clause", "offset": [447, 459]}, {"key": "within-thirty", "type": "clause", "offset": [514, 527]}, {"key": "notice-of-the", "type": "clause", "offset": [588, 601]}, {"key": "in-good-faith", "type": "definition", "offset": [692, 705]}], "samples": [{"hash": "aHCazH2dobB", "uri": "/contracts/aHCazH2dobB#indemnification-terms", "label": "Real Estate Purchase Agreement (Home Properties of New York Inc)", "score": 18.0, "published": true}], "snippet": "Each indemnification under this Agreement shall be subject to the following provisions: The indemnitee shall notify indemnitor of any such claim against indemnitee within 30 days after it has notice of such claim, but failure to notify indemnitor shall in no case prejudice the rights of indemnitee under this Agreement unless indemnitor shall be prejudiced by such failure and then only to the extent of such prejudice. Should indemnitor fail to discharge or undertake to defend indemnitee against such liability within thirty (30) days after the indemnitee gives the indemnitor written notice of the same, then indemnitee may settle such liability on such terms as it may deems appropriate in good faith, and such settlement shall not impair the indemnitor's liability.", "size": 1, "hash": "06ba88f4ae39c5f1b4f67eb25d76cec7", "id": 8}, {"snippet_links": [{"key": "all-representations-and-warranties", "type": "clause", "offset": [4, 38]}, {"key": "agreement-or", "type": "definition", "offset": [57, 69]}, {"key": "in-writing", "type": "clause", "offset": [76, 86]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [87, 113]}, {"key": "any-other-agreement", "type": "definition", "offset": [121, 140]}, {"key": "in-connection-with", "type": "clause", "offset": [188, 206]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [207, 254]}, {"key": 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{"key": "other-rights-or-remedies", "type": "clause", "offset": [7905, 7929]}, {"key": "applicable-law", "type": "clause", "offset": [7955, 7969]}, {"key": "rights-hereunder", "type": "clause", "offset": [8068, 8084]}, {"key": "specific-performance", "type": "clause", "offset": [8102, 8122]}, {"key": "injunctive-relief", "type": "clause", "offset": [8124, 8141]}, {"key": "other-non", "type": "clause", "offset": [8145, 8154]}, {"key": "equitable-relief", "type": "definition", "offset": [8164, 8180]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [8196, 8222]}], "samples": [{"hash": "ldgRGQJFAI6", "uri": "/contracts/ldgRGQJFAI6#indemnification-terms", "label": "Asset Purchase Agreement (Premier, Inc.)", "score": 30.3415468857, "published": true}], "snippet": "(a) All representations and warranties contained in this Agreement or given in writing pursuant to this Agreement, or in any other agreement, certificate, instrument or document delivered in connection with the transactions contemplated by this Agreement shall survive the Closing for a period of one (1) year, except (i) the representations and warranties set forth in Sections 5(a) (Organization and Authority), 5(b) (Title), 5(f) (No Violation of Conflict), 5(h) (Taxes), and Section 5(p) (Ownership) shall survive for the applicable statute of limitations plus sixty (60) days, (ii) the representations and warranties set forth in Section 5(d) (No Legal Action), 5(e) (Compliance with Laws), and 5(q) (Employees; Labor Matters) shall survive the Closing for a period of three (3) years (such representations and warranties described in clauses (i) and (ii), the \u201cSeller Fundamental Representations\u201d), (iii) and the representations and warranties set forth in Section 6(a) (Organization and Authority) (\u201cBuyer Fundamental Representations\u201d), shall survive for the applicable statute of limitations plus sixty (60) days, and (iv) any misrepresentation arising from fraud shall survive indefinitely. Upon delivery of written notice to Seller of any claim arising from or related to the representations and warranties set forth in Section 5 or written notice to Buyer of any claim arising from or related to the representations and warranties set forth in Section 6 given within the survival periods set forth herein, the representations and warranties to which such claims apply shall then continue in full force and effect with respect to such claims until such claims are fully and finally adjudicated or otherwise settled by the parties. Any covenants and agreements contained herein that by their terms expressly survive Closing or contemplate performance after Closing shall survive Closing and continue in full force following Closing until (A) in the case of all covenants and agreements that have specified terms or periods, until the expiration of the terms or periods specified therein, and (B) in the case of all other covenants and agreements that do not have specified terms or periods, until the fulfillment thereof.\n(b) The Seller and Equity Holder shall not be liable to the Buyer Indemnified Parties for Losses arising from claims under Section 13(i) unless and until the aggregate Losses incurred by such Buyer Indemnified Parties exceeds one percent (1%) of the Closing Payment (the \u201cBasket Amount\u201d) and thereafter, Seller and Equity Holder shall be liable for the full amount of such Losses including the Basket Amount. The cumulative indemnification obligations of Seller and Equity Holder for any and all Losses arising from claims under Section 13(i) shall in no event exceed ten percent (10%) of the Closing Payment; provided, however, that the foregoing limitation shall not apply to claims based on fraud or willful or intentional misrepresentation or claims based on any breach or violation of any of Seller Fundamental Representations. The cumulative indemnification obligations of Seller for any and all Losses arising from claims under Section 13(i) with respect to the Seller Fundamental Representations shall in no event exceed an amount equal to the Closing Payment; provided, however, if the cumulative indemnification obligations of Seller for any and all Losses arising from claims under Section 13(i) with respect to the Seller Fundamental Representations equal or exceed an amount equal to the Closing Payment and the Buyer Indemnified Parties have additional unsatisfied claims for Losses arising from claims under Section 13(i) with respect to Losses arising out of any breach of any representation or warranty of Seller contained in or given in writing pursuant to Section 5(b) (Title) (\u201cTitle Losses\u201d), the cumulative indemnification obligations of Seller for any and all such additional Title Losses shall in no event exceed an amount equal to the Inventory Payment; provided that the foregoing limitation shall not apply to claims based on fraud or willful or intentional misrepresentation.\n(c) The Buyer shall not be liable to the Seller Indemnified Parties for Losses arising from claims under Section 12(i) unless and until the aggregate Losses incurred by such Seller Indemnified Parties exceeds the Basket Amount and thereafter, Buyer shall be liable for the full amount of such Losses including the Basket Amount. The cumulative indemnification obligations of Buyer for any and all Losses arising from claims under Section 12(i) shall in no event exceed ten percent (10%) of the Closing Payment; provided, however, that the foregoing limitation shall not apply to claims based on fraud or willful or intentional misrepresentation or claims based on any breach or violation of any of Buyer Fundamental Representations. The cumulative indemnification obligations of Buyer for any and all Losses arising from claims under Section 12(i) with respect to the Buyer Fundamental Representations shall in no event exceed an amount equal to the Purchase Price; provided that the foregoing limitation shall not apply to claims based on fraud or willful or intentional misrepresentation.\n(d) Payments by an indemnifying party pursuant to Section 12 or Section 13 in respect of any claim shall be reduced by the amount of any insurance proceeds and any indemnity, contribution or other similar payments actually received by the indemnified party in respect of such claim, net of any reasonable costs of recovery. The indemnified party shall use commercially reasonable efforts to recover all such proceeds and payments under any such policies and obligations. If any Losses for which indemnification is provided hereunder is subsequently reduced by any insurance or other indemnification benefit or recovery, the amount of the reduction shall be remitted to a Buyer Indemnified Party or a Seller Indemnified Party, as the case may be (net of any reasonable costs of recovery).\n(e) In the event that Seller or Equity Holder becomes liable to a Buyer Indemnified Party for an indemnified obligation hereunder, the indemnified obligation shall be paid in full (i) first, by recourse to the Holdback Amount and (ii) next, by Seller paying cash by wire transfer of immediately available funds not later than five (5) Business Days after final determination thereof in accordance with this Agreement. If the Holdback Amount is insufficient to discharge the indemnified obligations and Seller does not pay the remaining amounts due pursuant to clause (ii) above, then Buyer may take any action or exercise any remedy available to it pursuant to Law, this Agreement or otherwise to collect the indemnified obligations.\n(f) Except with regard to (A) indemnification for claims actually paid or payable to third parties or (B) Losses based on fraud or willful or intentional misrepresentation, Losses payable by a party to this Agreement under this Section 14 shall not include punitive damages, consequential damages, exemplary damages, special damages, or indirect damages.\n(g) The parties hereto agree and acknowledge that, except in the case of fraud or willful or intentional misrepresentation, the rights to indemnification provided for in Section 12, Section 13 and this Section 14 shall be the sole and exclusive remedy (regardless of the theory or cause of action pled) for monetary damages of the Seller Indemnified Parties, on the one hand, or the Buyer Indemnified Parties, on the other hand, as the case may be, after the Closing for and with respect to any misrepresentation, breach or inaccuracy of any representation or warranty of a party hereto and for any nonfulfillment, breach or violation of any covenant or agreement contained in this Agreement by a party hereto, and each party to this Agreement hereby waives to the fullest extent permitted by Law, any other rights or remedies that may arise under any applicable Law in connection therewith; provided, however, that nothing herein will limit in any way any party\u2019s rights hereunder or otherwise, to specific performance, injunctive relief or other non-monetary equitable relief. The terms and provisions of this Section 14 shall survive the Closing.", "size": 1, "hash": "46af2e93dd245a07e8796931536461ef", "id": 9}, {"snippet_links": [{"key": "the-owner", "type": "definition", "offset": [0, 9]}, {"key": "reasonable-efforts-to-mitigate", "type": "clause", "offset": [57, 87]}, {"key": "indemnifiable-claim", "type": "definition", "offset": [115, 134]}, {"key": "payments-made", "type": "clause", "offset": [156, 169]}, {"key": "by-the-parties", "type": "clause", "offset": [208, 222]}, {"key": "purchase-price-for", "type": "clause", "offset": [247, 265]}, {"key": "tax-purposes", "type": "clause", "offset": [266, 278]}, {"key": "required-by-law", "type": "definition", "offset": [297, 312]}, {"key": "subject-to-section", "type": "clause", "offset": [314, 332]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [340, 378]}, {"key": "sole-and-exclusive-remedy", "type": "clause", "offset": [385, 410]}, {"key": "with-respect-to", "type": "clause", "offset": [411, 426]}, {"key": "all-claims", "type": "clause", "offset": [435, 445]}, {"key": "common-law-fraud", "type": "definition", "offset": [478, 494]}, {"key": "criminal-activity", "type": "clause", "offset": [514, 531]}, {"key": "willful-misconduct", "type": "clause", "offset": [535, 553]}, {"key": "party-hereto", "type": "definition", "offset": [571, 583]}, {"key": "in-connection-with", "type": "clause", "offset": [584, 602]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [603, 650]}, {"key": "breach-of-any", "type": "clause", "offset": [660, 673]}, {"key": "agreement-or", "type": "definition", "offset": [710, 722]}, {"key": "in-this-agreement", "type": "clause", "offset": [744, 761]}, {"key": "relating-to", "type": "definition", "offset": [775, 786]}, {"key": "subject-matter-of-this-agreement", "type": "clause", "offset": [791, 823]}, {"key": "indemnification-provisions", "type": "clause", "offset": [850, 876]}, {"key": "article-9", "type": "definition", "offset": [895, 904]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [906, 929]}, {"key": "any-person", "type": "definition", "offset": [947, 957]}, {"key": "right-to", "type": "definition", "offset": [960, 968]}, {"key": "equitable-relief", "type": "definition", "offset": [989, 1005]}, {"key": "intentional-misconduct", "type": "definition", "offset": [1116, 1138]}], "samples": [{"hash": "hLlePURouFo", "uri": "/contracts/hLlePURouFo#indemnification-terms", "label": "Membership Interest Purchase Agreement (Accredited Solutions, Inc.)", "score": 35.841889117, "published": true}], "snippet": "The Owner or ASII, as applicable, shall use commercially reasonable efforts to mitigate any losses arising from an indemnifiable claim. All indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the purchase price for tax purposes, unless otherwise required by law. Subject to Section 12.12, the parties acknowledge and agree that their sole and exclusive remedy with respect to any and all claims (other than claims arising from common law fraud, securities fraud, criminal activity or willful misconduct on the part of a party hereto in connection with the transactions contemplated by this Agreement) for any breach of any representation, warranty, covenant, agreement or obligation set forth in this Agreement or otherwise relating to the subject matter of this Agreement, shall be pursuant to the indemnification provisions set forth in this ARTICLE 9. Nothing in this Section 9.04 shall limit any Person's right to seek and obtain any equitable relief to which any Person shall be entitled or to seek any remedy on account of any party's fraudulent, criminal or intentional misconduct.", "size": 1, "hash": "a7f3c173e89e447f81ac6bcb8585d965", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5pbmRlbW5pZmljYXRpb24tdGVybXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["indemnification", "Indemnification"], ["certain-tax-matters", "Certain Tax Matters"], ["financial-arrangement-obligations", "Financial Arrangement Obligations"], ["survival-of-warranties-and-indemnification", "Survival of Warranties and Indemnification"], ["vendor-support-obligation", "Vendor Support Obligation"]], "title": "Indemnification Terms", "children": [["insurance-independence", "Insurance Independence"], ["indemnification", "Indemnification"]], "size": 20, "id": "indemnification-terms", "related": [["indemnification-etc", "Indemnification Etc", "Indemnification Etc"], ["indemnification-provisions", "Indemnification Provisions", "Indemnification Provisions"], ["indemnification-exculpation", "Indemnification; Exculpation", "Indemnification; Exculpation"], ["indemnification-general", "Indemnification - General", "Indemnification - General"], ["indemnification-agreements", "Indemnification Agreements", "Indemnification Agreements"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Indemnification Terms clause establishes the obligation of one party to compensate the other for certain losses, damages, or liabilities that may arise in connection with the agreement. Typically, this clause specifies the types of claims covered, such as third-party lawsuits or breaches of contract, and outlines the procedures for making indemnification claims, including notice requirements and defense of claims. Its core practical function is to allocate risk between the parties, ensuring that the party responsible for causing harm bears the financial consequences, thereby protecting the indemnified party from unexpected costs."}, "json": true, "cursor": ""}}