Examples of Sellers Losses in a sentence
With respect to Seller's Losses, Buyer shall be the Indemnifying Party and Seller shall be the Indemnified Party.
No claim for the recovery of any Sellers Losses may be asserted by any Seller after the expiration of the applicable indemnification period; provided, however, that claims asserted in writing by any Seller with reasonable specificity prior to the expiration of the applicable indemnification period shall not thereafter be barred by the expiration of the applicable indemnification period.
Any written notice will state in reasonable detail the basis for such Sellers Losses to the extent then known by Sellers and the nature of Sellers Loss for which indemnification is sought, and it may state the amount of Sellers Loss claimed.
If the Purchaser's Dispute Notice is given within said ten (10) day period, the issue of whether such Third Party Claim constitutes or will constitute Seller's Losses subject to indemnification hereunder may be submitted to arbitration in accordance with Section 12.9 hereof unless an agreement is subsequently reached between the Parties.
If Seller assumes control of the defense of such claim or litigation resulting therefrom, Seller shall take all reasonable steps necessary in the defense or settlement of such claim or litigation resulting therefrom and Seller hold Purchaser's Indemnified Persons, to the extent provided in this Section 14, harmless from and against all Seller's Losses arising out of or resulting from any settlement approved by Seller or any judgment in connection with such claim or litigation.