Examples of Other Indemnifying Parties in a sentence
In consideration for the Sellers entering into this Deed with the Buyer, each indemnity granted by the Buyer pursuant to this Deed is hereby also granted by each of the Other Indemnifying Parties.
Without limiting the Buyer’s obligations under this Deed, every reference in this Deed to the “Buyer” shall be read as if it was a reference to the Buyer and each of the Other Indemnifying Parties.
Without limiting the Buyer’s obligations under this Deed, every reference in this Deed to the “Buyer” relating to an indemnity shall be read as if it was a reference to the “Buyer” and each of the Other Indemnifying Parties.
The amount of any recovery actually received by the Indemnitee from the Other Indemnifying Parties shall reduce, dollar-for-dollar, any liability of the Company to the Indemnitee under the indemnification provisions of this Agreement.
To the extent that the Company has paid any amounts to or on behalf of the Indemnitee pursuant to this Agreement, the Company shall be subrogated to the rights of the Indemnitee against the Other Indemnifying Parties and the Indemnitee shall reasonably assist the Company in pursuing any recovery incident to such subrogation.
Any and all costs incurred by the indemnified Persons in pursuing a claim against the Other Indemnifying Parties shall be Losses and be subject to indemnification hereunder.
Provided that the indemnified Person has used such commercially reasonable efforts, then to the extent that the indemnified Person shall not have recovered from the Other Indemnifying Parties within 12 months after a claim for indemnification is made pursuant to this ARTICLE VIII (or, if longer, prior to the 18 month anniversary of the Closing), then this SECTION 8.2(f) shall not limit the indemnified Person's right to indemnification for Losses under this ARTICLE VIII.
Following a refusal by the Other Indemnifying Parties to indemnify the Indemnitee in connection with a Proceeding, the Company shall be entitled to assume the defense thereof at its expense with counsel chosen by it and reasonably satisfactory to the Indemnitee; provided, however, that the Indemnitee may at his own expense retain separate counsel to participate in such defense.