Common use of Obligation of Buyer and Parent to Indemnify Clause in Contracts

Obligation of Buyer and Parent to Indemnify. Buyer and Parent jointly and severally agree to indemnify, defend and hold harmless the Company and each Shareholder (and their respective directors, officers, employees, Affiliates, successors, heirs and assigns) from and against any Losses suffered or incurred by the Company or any Shareholder or any of the foregoing persons arising out of any breach of the representations and warranties of Buyer or Parent, or of the covenants and agreements of Buyer or Parent contained in this Agreement or in the Schedules or any other Transaction Document.

Appears in 3 contracts

Samples: Stock Purchase and Recapitalization Agreement (WES Consulting, Inc.), Stock Purchase and Recapitalization Agreement (Liberator, Inc.), Stock Purchase and Recapitalization Agreement (Remark Enterprises Inc)

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Obligation of Buyer and Parent to Indemnify. Buyer and Parent Parent, jointly and severally agree to indemnify, defend and hold harmless the Company and each Shareholder (and their respective directorsany heirs, officers, employees, Affiliates, successors, heirs and assignssuccessor or assignee thereof) from and against any Losses suffered or incurred by the Company or any Shareholder or any of the foregoing persons arising out of any breach of the representations and warranties of Buyer or Parent, or of the covenants and agreements of Buyer or Parent contained in this Agreement or in the Schedules or any other Transaction Document.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sonoma College Inc)

Obligation of Buyer and Parent to Indemnify. Buyer and Parent jointly and severally agree to indemnify, defend and hold harmless the Company and each Shareholder (and their respective directorsany heirs, officers, employees, Affiliates, successors, heirs and assignssuccessor or assignee thereof) from and against any Losses suffered or incurred by the Company or any Shareholder or any of the foregoing persons arising out of any breach of the representations and warranties of Buyer or Parent, or of the covenants and agreements of Buyer or Parent contained in this Agreement or in the Schedules or any other Transaction Document.

Appears in 1 contract

Samples: Stock Purchase and Recapitalization Agreement (Bico Inc/Pa)

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Obligation of Buyer and Parent to Indemnify. Each of Buyer and Parent Parent, jointly and severally agree severally, agrees to indemnify, defend and hold harmless the Company and each Shareholder (and their respective directorsany Affiliate, officers, employees, Affiliates, successors, heirs and assignssuccessor or assignee thereof) from and against any Losses suffered or incurred by the Company or any Shareholder Seller or any of the foregoing persons arising out of any breach of the representations and warranties of Buyer or Parent, and Parent or of the covenants and agreements of Buyer or and Parent contained in this Agreement or in the Schedules or any other Transaction Document.

Appears in 1 contract

Samples: Equity Purchase Agreement (Sanomedics International Holdings, Inc)

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