Indemnity Matter definition

Indemnity Matter means any matter for which any Indemnified Party is entitled to indemnification pursuant to this Section 7.2(a). With respect to claims for Losses, Buyer may not set-off the amount of such Losses against amounts due pursuant to the Note as provided in Section 7.6, unless and until Officer's Certificates (as defined in paragraph (b) below) identifying Losses in the aggregate exceeding $20,000 (the "Basket Amount") have been delivered to the Seller as provided in paragraph (e) below, in which case Buyer shall be entitled to recover only those Losses exceeding the Basket Amount. The Basket Amount shall not apply to the Purchase Price Adjustment.
Indemnity Matter means any matter for which any Indemnified Party is entitled to indemnification pursuant to SECTION 7.2(A).
Indemnity Matter means “any matter” for which Defendant “is or may be entitled to indemnification pursuant” to the SPA of which Plaintiffs’ “Agent shall have received notice.” SPA, p. 56. “Indemnity Claim” means “a claim for the recovery of Buyer Damages that is disputed by the [Plaintiffs]’ Agent.” Id., p. 55.

Examples of Indemnity Matter in a sentence

  • Unless the Indemnifying Party agrees in writing that the Damages to the Indemnified Party resulting from such settlement are fully covered by the indemnities provided herein and that such Damages are fully compensable in money, no Indemnity Matter may be settled without the consent of the Indemnified Party, which consent will not be unreasonably withheld.

  • Analysts’ compensation and reputation are, to a large extent, dependent on the accuracy of their forecasts.

  • The Indemnifying Party shall have the right to assume the defense or investigation of such Indemnity Matter and to retain counsel and other experts to represent the Indemnified Party and shall pay the fees and disbursements of such counsel and other experts.

  • If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Indemnity Matter which the Indemnifying Party defends, or, if appropriate and related to the Indemnity Matter in question, in making any counterclaim against the person asserting the Indemnity Matter, or any cross-complaint against any person.

  • After the delivery of a notice of an Indemnity Matter hereunder, at the reasonable request of the Indemnifying Party the Indemnified Party shall grant the Indemnifying Party and its representatives full and complete access to the books, records and properties of the Indemnified Party to the extent reasonably related to the matters to which the notice relates.

  • No Indemnity Matter may be settled by the Indemnified Party without the prior written consent of the Indemnifying Party.

  • Borrower shall be obligated to pay or reimburse each Indemnified Party for all out-of-pocket costs and expenses (including, without limitation, reasonable attorneys' fees and expenses) incurred by such Indemnified Party in connection with any Indemnity Matter at the time such costs and expenses are incurred and such Indemnified Party has given Borrower written notice thereof.

  • In the event Borrower does not accept the defense of the Indemnity Matter as provided above, Indemnified Party shall have the full right to defend against such Claim, in its sole discretion, and pursue its rights hereunder.

  • State Ministry for the Environment, ‘Exploitasi Alam [The Exploitation of Nature]’, Majalah Serasi, April 2004,8.

  • The Indemnified Party has sole and complete control of the defense of each Indemnity Matter, and Seller hereby gives the Indemnified Party authority to settle or otherwise compromise any Indemnity Matter as the Indemnified Party in good faith determines is in the Indemnified Party’s best interests.


More Definitions of Indemnity Matter

Indemnity Matter has the meaning set forth in Section 5.9 of the Disclosure Schedules.
Indemnity Matter means any matter for which a Buyer Indemnified Party is entitled to indemnification under Article XI of the Securities Purchase Agreement.
Indemnity Matter means (1) any price adjustment due to the Purchaser pursuant to Article 2 of the Share Purchase Agreement; (2) any event or state of facts as to which the Shareholders have agreed to indemnify Amcast, Italco or the Companies pursuant to Article 9 of the Share Purchase Agreement; and (3) any other payment due from the Sellers to the Purchaser in connection with the Share Purchase Agreement.
Indemnity Matter has the meaning set forth in Schedule 8.1(b).

Related to Indemnity Matter

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnified Matters has the meaning specified therefor in Section 12.15.

  • Indemnified Matter has the meaning specified in Section 11.4 (Indemnities).

  • Indemnification Claim has the meaning set forth in Section 8.4(a).

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Environmental Damages means all liabilities (including strict liability), losses, damages (excluding consequential, special, exemplary or punitive damages except to the extent such damages were imposed upon an Indemnitee as a result of any claims made against such Indemnitee by a governmental entity or any other third party), judgments, penalties, fines, costs and expenses (including fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, at law or in equity, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, made, incurred, suffered, brought, or imposed at any time and from time to time, whether before or after the Release Date and arising in whole or in part from:

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, sponsors, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, letters, the Debtors’ respective memoranda, articles or certificates of incorporation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Indemnifiable Damages shall have the meaning set forth in Section 9.1 herein.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Environmental Damage means any material injury or damage to persons, living organisms or property or any material pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, members, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.

  • Indemnified Costs has the meaning specified in Section 8.05(a).