Stop Payment Items. Buyer will honor stop payment orders initiated prior to the Effective Time and reflected in stop payment documents delivered to Buyer. If following receipt of appropriate stop order documentation, Buyer makes a payment in violation of an order, Buyer will be solely liable for the payment and will indemnify, hold harmless and defend Seller from and against all claims, losses and liabilities, including reasonable attorney fees and expenses, arising out of the payment.
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Samples: Branch Sale Agreement (Seacoast Banking Corp of Florida), Branch Sale Agreement (Anchor Bancorp Wisconsin Inc), Branch Sale Agreement (Anchor Bancorp Wisconsin Inc)
Stop Payment Items. Buyer will honor stop payment orders initiated prior to the Effective Time and reflected in appropriate stop payment documents delivered to Buyer. If following receipt of appropriate stop order documentation, Buyer makes a payment in violation of an order, Buyer will be solely liable for the payment and will indemnify, hold harmless and defend Seller from and against all claims, losses and liabilities, including reasonable attorney fees and expenses, arising out of the payment.
Appears in 1 contract