Sellers Indemnitees definition

Sellers Indemnitees has the meaning set forth in Section 8.03.

Sellers Indemnitees means the Seller and its Affiliates, and each of their respective shareholders, members, partners, trustees, beneficiaries, directors, officers and employees, and the successors, assigns, legal representatives, heirs and devisees of each of the foregoing.

Sellers Indemnitees is defined in Section 10.2.

Examples of Sellers Indemnitees in a sentence

• The total payments made by Parent, LuxCo or BHN to Sellers Indemnitees with respect to Losses shall not exceed the Indemnifiable Loss Limit; provided, however, Sellers Indemnitees shall not be entitled to indemnification pursuant to this Section 10.2 unless and until the aggregate amount of Losses to Sellers Indemnitees equals at least the Basket, at which time, subject to the Indemnifiable Loss Limit, the Sellers Indemnitees shall be entitled to indemnification for the total amount of such Losses.

• If any of the matters as to which the Seller's Indemnitees are entitled to receive indemnification under Section 9.2 should entail litigation with or claims asserted by parties other than the Seller, the Seller shall be given prompt notice thereof and shall have the right, at his expense, to control such claim or litigation upon prompt notice to the Buyer of his election to do so.

• As used in this Article 9, the term "Year-2000 Indemnification Obligations" shall mean the Sellers' obligation to indemnify, defend, and hold the Sellers' Indemnitees harmless from, against and with respect to any Damages arising out of or in any manner incident, relating or attributable to (i) any claim or allegation that any Licensed System is not Year-2000 Compliant and (ii) any claim arising from a breach of Section 2.33.

• Forestar Petroleum and Forestar (USA) shall be obligated to indemnify the Purchaser Indemnitees and Purchaser shall be obligated to indemnify the Sellers Indemnitees only for those claims giving rise to any Loss as to which the person claiming the right to be indemnified (the “Indemnified Party”) has given the Party from whom it is claiming indemnification (the “Indemnifying Party”) written notice prior to the end of the Indemnity Period.

• No indemnification shall be made by either Forestar Petroleum, Forestar (USA) or Purchaser with respect to any claim made pursuant to Section 11(b), Section 11(c) or Section 11(d) unless the aggregate amount of Losses incurred or suffered by all Purchaser Indemnitees or all Sellers Indemnitees, as the case may be, under all claims exceeds $250,000 .

More Definitions of Sellers Indemnitees

Sellers Indemnitees shall have the meaning set forth in Section 9.2 hereof.

Sellers Indemnitees has the meaning set forth in Section 7.5.

Sellers Indemnitees has the meaning set forth in Section 11.03.

Sellers Indemnitees has the meaning set forth in Section 10.1.

Sellers Indemnitees means, collectively, the Registrable Securities Holders, their respective directors and officers and each other person, if any, who controls the Registrable Securities Holders.

Sellers Indemnitees has the meaning set forth in Section 9.3(a).

Sellers Indemnitees has the meaning ascribed thereto in Section 7.2.