Indemnified Buyer Group definition

Indemnified Buyer Group has the meaning given to such term in Section 11.2(a).

Indemnified Buyer Group means Buyer and its officers, directors, employees, agents, shareholders and affiliates.

Indemnified Buyer Group has the meaning set forth in Section 10.2 ----------------------- hereof.

Examples of Indemnified Buyer Group in a sentence

• If Buyer's failure to give such prompt notice has materially and adversely affected the Sellers' rights to contest the asserted Tax claim or demand in both the administrative and judicial forums, then the Sellers shall not be liable hereunder to the Indemnified Buyer Group with respect to such asserted Tax claim or demand.

• In addition, Seller and the Shareholders shall not have any Liability to pay Losses pursuant to this Section 6.1(a) to the extent the aggregate of the Losses sustained by the Indemnified Buyer Group does not exceed $5,000; provided, however, that the indemnity obligation shall include the -------- ------- amount of all Losses and not merely the excess over $5,000.

• No claim for the recovery of Losses may be asserted by a member of the Indemnified Seller Group or the Indemnified Buyer Group, as the case may be, after the applicable time period specified in this Section 10.2; PROVIDED, HOWEVER, that claims first asserted in writing within such time period shall not be extinguished.

• The Sellers shall promptly pay to the Indemnified Buyer Group in immediately available funds such amount as will indemnify and hold harmless the Indemnified Buyer Group (on an after-tax basis) with respect to any such Seller Tax Liabilities or Other Tax Related Amounts.

• The Seller shall have no right to seek contribution from any of the Indemnified Buyer Group with respect to all or any part of the Seller’s indemnification obligations under this Section 11.2(a); provided that the foregoing shall not restrict the rights granted pursuant to section 11.7 hereof.