Limitation on Buyer’s Indemnification Obligations. Notwithstanding Paragraph A of this Article 6, the Buyer’s obligation to indemnify Seller Indemnitees for Seller’s Losses shall not extend to the following: (1) Seller’s Losses that arise on or prior to the applicable Closing Time on the applicable Closing Date; (2) Seller’s Losses that are caused by the wilful misconduct or gross negligence of the Seller Indemnitee.
Appears in 4 contracts
Samples: Aircraft and Equipment Sale Agreement, Aircraft and Equipment Sale Agreement (PLM Equipment Growth & Income Fund Vii), Aircraft and Equipment Sale Agreement (Professional Lease Management Income Fund I LLC)
Limitation on Buyer’s Indemnification Obligations. Notwithstanding Paragraph A C of this Article 6, the BuyerSeller’s obligation to indemnify Seller Buyer Indemnitees for SellerBuyer’s Losses shall not extend to the following:
(1) SellerBuyer’s Losses that arise on or prior to after the applicable Closing Time on the applicable Closing Date;.
(2) SellerBuyer’s Losses that are caused by the wilful misconduct or gross negligence of the Seller Buyer Indemnitee.
Appears in 3 contracts
Samples: Aircraft and Equipment Sale Agreement (Professional Lease Management Income Fund I LLC), Aircraft and Equipment Sale Agreement (PLM Equipment Growth & Income Fund Vii), Aircraft and Equipment Sale Agreement (PLM Equipment Growth Fund Vi)
Limitation on Buyer’s Indemnification Obligations. Notwithstanding Paragraph A C of this Article 6, the BuyerSeller’s obligation to indemnify Seller Buyer Indemnitees for SellerBuyer’s Losses shall not extend to the following:: 16
(1) SellerBuyer’s Losses that arise on or prior to after the applicable Closing Time on the applicable Closing Date;.
(2) SellerBuyer’s Losses that are caused by the wilful misconduct or gross negligence of the Seller Buyer Indemnitee.
Appears in 1 contract
