Common use of Indemnity by the Vendors Clause in Contracts

Indemnity by the Vendors. The Vendors shall, jointly and severally, indemnify and hold the Purchaser and e-Auction, its directors, officers, employees, agents, representatives, assigns and the Purchaser's Affiliates, and their respective directors, officers and employees harmless in respect of any claim, demand, action, cause of action, damage, loss, cost, liability or expense (hereinafter referred to as "Claim") which may be made or brought against an Indemnified Party or which it may suffer or incur directly or indirectly as a result of, in respect of or arising out of:

Indemnity by the Vendors. The Vendors shallShareholders and the Vendors, jointly and severallyeach in accordance with their Pro-rata Share, shall indemnify and hold the Purchaser Purchaser, the Subsidiaries and e-Auctiontheir respective Affiliates, its and each of their respective directors, officers, employees, agents, representatives, assigns and the Purchaser's Affiliates, and their respective directors, officers and employees harmless in respect of any claim, demand, action, cause of action, damage, loss, cost, liability or expense (hereinafter referred to as "Claim") which may be made or brought against an Indemnified Party or which it may suffer or incur directly or indirectly as a result of, in respect of or arising out of: