Examples of Special Indemnity Matter in a sentence
Avnet represents and warrants that Buyer has been furnished with all facts that are material to the Special Indemnity Matter (as defined in Schedule 4(d) attached hereto) and that are within the Knowledge of Avnet.
The Company has furnished to Buyer all facts that are material to the Special Indemnity Matter that are within the Knowledge of the Company.
Each of Avnet and each Founding Stockholder shall, on a joint and several basis, indemnify, defend, and hold harmless the Buyer Indemnified Parties from and against all Losses incurred by any of them that arise out of or result from the Special Indemnity Matter (as defined in Schedule 4(d) attached hereto).
No Indemnifiable Loss may be claimed pursuant to a breach of an Indemnified Representation or a Special Indemnity Matter by the Surviving Parent Company or shall be reimbursable by the Shareholder or shall be included in calculating the R&W Deductible or the Litigation Deductible, as the case may be, other than Indemnifiable Losses in excess of $50,000 resulting from any single claim of breach of the Indemnified Representations or a Special Indemnity Matter, as the case may be, subject to Section 8.04(e).
The Shareholder’s obligation to indemnify the Surviving Parent Company for any Indemnifiable Losses related to or arising out of the Special Indemnity Matter shall expire on the date that the Special Indemnity Matter has been settled by the parties to the Special Indemnity Matter or finally adjudicated by a court of competent jurisdiction.
Subject to the other limitations set forth in this Agreement, including this Section 8.04, no amount shall be payable by the Shareholder for any Indemnifiable Loss relating to the Special Indemnity Matter unless and until the aggregate amount of all Indemnifiable Losses with respect to the Special Indemnity Matter exceeds $900,000 (the “Litigation Deductible”), after which the Shareholder shall be liable only for those Indemnifiable Losses in excess of the Litigation Deductible, subject to Section 8.04(e).
Notwithstanding the foregoing, the Basket shall not apply to the matter on Schedule 8.4(a) and this Section 8.4(a) shall not apply to any Seller Special Indemnity Matter.
The Special Indemnity Matter shall survive the Initial Closing, and continue in full force and effect for a period of twelve (12) months after the Initial Closing Date.
With respect to each Special Indemnity Matter set forth on Schedule 8.02(d), during the Interim Period, Seller Parent shall, and shall cause its Affiliates to, take the respective corrective action set forth on Schedule 5.23 opposite such Special Indemnity Matter (the “Specified Corrective Actions”).