Examples of Securityholder Indemnified Party in a sentence
Unless otherwise directed by the Representative, any indemnification payment to which any Securityholder Indemnified Party shall become entitled pursuant to this Section 8.03 shall be delivered by the Parent to the Representative (on behalf of the Preferred Shareholders, in accordance with their respective Pro Rata Percentages) by wire transfer of immediately available funds to the Representative’s Account within fifteen (15) days after the date upon which any underlying claims are finally resolved.
Subject to the provisions of this Article VI, Sports Information and the Sports Information Principal Stockholder hereby jointly and severally agree to indemnify, defend and hold harmless each HEMP Security-holder Indemnified Party from and against any and all Losses incurred or suffered arising out of any breach of any representation or warranty in this Agreement and/or in any Related Agreement made or given by Sports Information and the Sports Information Principal Stockholder or any one or more of them.
No Securityholder Indemnified Party shall have or exercise or assert (or attempt to exercise or assert) any right of contribution, right of indemnity or other right or remedy against Parent or the Target Companies in connection with any indemnification obligation or any other liability to which he, she or it may become subject under or in connection with this Agreement.
If the Purchaser does not notify the Securityholder Indemnified Party within thirty (30) Business Days following receipt of such notice that Purchaser disputes its liability to the Securityholder Indemnified Party, such claim specified by the Securityholder Indemnified Party in such notice shall be conclusively deemed a liability of the Purchaser.
Unless otherwise directed by the Representative, any indemnification payment to which any Securityholder Indemnified Party shall become entitled pursuant to this Section 8.03 shall be delivered by the Parent to the Representative (on behalf of the Securityholders, and each Securityholder is to be paid based on its Pro Rata Percentage) by wire transfer of immediately available funds to the Representative’s account within fifteen (15) days after the date upon which any underlying claims are finally resolved.
Counsel for the Indemnified Party shall be selected as follows: counsel for the Company Indemnified Party shall be selected by the Selling Securityholders, and counsel for the Selling Securityholder Indemnified Party shall be selected by the Company.
The Purchaser and the Seller Representative shall be the only Persons entitled to assert (and shall act on behalf of all Indemnitees in the case of) any claim with respect to which a Purchaser Indemnified Party or a Securityholder Indemnified Party, respectively, is seeking indemnification under Section 11.01 or Section 11.02.
Despite anything to the contrary in this Section 13.1 or in any other provision of this Agreement, the indemnification obligations in this Article XIII shall not terminate with respect to any indemnification claim made in accordance with this Article XIII by a Parent Indemnified Party or a Securityholder Indemnified Party, as the case may, before the applicable Expiration Date until such claim is fully and finally resolved.
If any Securityholder Indemnified Party seeks indemnification under this Section 9.3 such party shall give written notice to Parent of the facts and circumstances giving rise to the claim.
In the event that any Securityholder or the Buyer is required to make any payment under this Section 10, such party shall promptly pay the Buyer Indemnified Party or the Securityholder Indemnified Party, as the case may be, the amount of such indemnity obligation.