Common use of Seller’s Indemnity Obligations Clause in Contracts

Seller’s Indemnity Obligations. Seller agrees to indemnify Buyer against, and hold Buyer harmless from and against, any amounts that arise from, are based on or relate or otherwise are attributable to (a) any error, inaccuracy, breach or misrepresentation in any of the representations and warranties made by or on behalf of Seller in this Agreement, (b) any violation or breach by Seller of or default by Seller under the terms of this Agreement. Buyer shall be entitled to recover its reasonable and necessary attorneys’ fees and litigation expenses incurred in connection with successful enforcement of its rights under this Section 6.1.

Appears in 9 contracts

Samples: Shares Purchase Agreement (DryShips Inc.), Shares Purchase Agreement (DryShips Inc.), Shares Purchase Agreement (DryShips Inc.)

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Seller’s Indemnity Obligations. The Seller agrees to indemnify the Buyer against, and hold the Buyer harmless from and against, any amounts that arise from, are based on or relate or otherwise are attributable to (a) any error, inaccuracy, breach or misrepresentation in any of the representations and warranties made by or on behalf of the Seller in this Agreement, (b) any violation or breach by the Seller of or default by the Seller under the terms of this Agreement. Buyer shall be entitled to recover its reasonable and necessary attorneys’ fees and litigation expenses incurred in connection with successful enforcement of its rights under this Section 6.1.

Appears in 1 contract

Samples: Share Purchase Agreement (Box Ships Inc.)

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Seller’s Indemnity Obligations. Seller agrees The Sellers agree to indemnify the Buyer against, and hold the Buyer harmless from and against, any amounts that arise from, are based on or relate or otherwise are attributable to (a) any error, inaccuracy, breach or misrepresentation in any of the representations and warranties made by or on behalf of Seller the Sellers in this Agreement, (b) any violation or breach by Seller the Sellers of or default by Seller the Sellers under the terms of this Agreement. Buyer shall be entitled to recover its reasonable and necessary attorneys' fees and litigation expenses incurred in connection with successful enforcement of its rights under this Section 6.1.

Appears in 1 contract

Samples: Share Purchase Agreement (DryShips Inc.)

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