Examples of Seller Indemnities in a sentence
This Assignment shall not expand the scope of the Seller Undertakings and the Seller Indemnities.
To secure the payment and performance in full of Borrower’s Obligations, each of Holdings and Borrower hereby collaterally assigns and transfers to Agent, for the benefit of Lenders, all of its right, title and interest in, to and under the Purchase Agreement, including, but not limited to, its right, title and interest with respect to the Seller Undertakings and the Seller Indemnities.
Each of Holdings and Borrower shall (i) keep Agent informed of all potential claims with respect to the Purchase Agreement, Seller Undertakings and Seller Indemnities and (ii) not, without the Agent’s consent: (A) waive any of its material rights or remedies under the Purchase Agreement with respect to any of the Seller Undertakings or Seller Indemnities or (B) settle, compromise or offset any amounts payable by Seller to Borrower thereunder.
Except with respect to the Purchaser Indemnities and Seller Indemnities as provided in Article IX and with respect to Harbinger pursuant to Section 8.02(d), this Agreement is for the sole benefit of the parties and their permitted successors and assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties and such successors and assigns, any legal or equitable rights hereunder.
Applied to 10.2, “Indemnitor” shall mean Buyers and the “Indemnitees” shall mean Seller Indemnities.