Examples of Sellers Indemnitees in a sentence
Purchaser agrees that any Seller shall have the right to enforce on their behalf the rights of the Sellers' Indemnitees to indemnification by Purchaser with respect to such Person as specified in this Agreement.
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 23 from whom it is claiming indemnification (the “Indemnifying Party”) written notice prior to the end of the Indemnity Period.
For purposes of complying with the provisions of this Section 9.05, Buyer shall only be required to provide notice of any claims, whether Third Party Claim or Direct Claim, to Sellers’ Representative and to cooperate and negotiate with Sellers’ Representative on behalf of all Sellers Indemnitees that are an Indemnified Party and/or Indemnifying Party, as the case may be.
The method the Branch may use to provide such disclosures will depend on the manner in which you elect to deliver your Foreign Remittance Transfer request to the Branch.
In no event shall Purchaser’s aggregate obligation to indemnify the Sellers Indemnitees pursuant to this Section 11 exceed an amount equal to seven percent (7%) of the Purchase Price.