Examples of Seller Indemnified Persons in a sentence
Nothing in this section 13.2 will enlarge or relieve Buyer of any liability to Seller Indemnified Persons for any breach of this agreement.
Subject to the provisions of this Section 8, the Buyer shall indemnify and hold harmless the Seller and his agents, advisors, representatives and consultants (the “Seller’s Indemnified Persons”) from and against, and shall reimburse the Seller Indemnified Persons for, any and all Losses arising out of or based upon: (i) any breach of any representation or warranty of the Buyer set forth in this Agreement; and (ii) any breach of any covenant or agreement made by the Buyer in this Agreement.
This indemnification obligation will apply notwithstanding any negligent or intentional acts, errors or omissions of Seller Indemnified Persons, but Buyer’s liability to pay Damages to a Seller Indemnified Person will be reduced in proportion to the percentage by which that Seller Indemnified Person’s negligent or intentional acts, errors or omissions caused the Damages.
The rights of Buyer Indemnified Persons and Seller Indemnified Persons under Article 10 may be asserted by Buyer and Seller, respectively.
This agreement does not and is not intended to confer any rights or remedies upon any Person other than the Parties, Buyer Indemnified Persons and Seller Indemnified Persons.