Examples of Specific Indemnity in a sentence
Subject to the additional limitations contained in Section 7.2(b), if Transferors have an obligation to indemnify the NGL Indemnified Parties with respect to a claim for indemnification pursuant to Section 7.2(a) (other than a Transferor Specific Indemnity Obligation), then the liability of each such Transferor for Damages with respect to such claim shall in no event exceed such Transferor’s Pro Rata Portion of the aggregate Damages with respect to such claim under Section 7.2(a).
Except to the extent of its obligations in respect of the Specific Indemnity, in no event shall either Seller be responsible for Losses in excess of the portion of the Final Purchase Price paid to such Seller.
In the event of any litigation arising from a claim for Fraud or the matters set forth on the Specific Indemnity Schedule, the prevailing party shall be entitled to recover from the non-prevailing party all reasonable costs incurred including staff time, court costs, attorneys’ fees, and all other related expenses incurred in such litigation.
The Company shall have filed all appropriate notices of claim against the General Indemnity Escrow Agreement and the Specific Indemnity Escrow Agreement executed in connection with the XXXXxxxxxx.xxx, Inc.
It is clarified that the acceptance, conceding or settlement of any Government Litigation by the Indemnified Party shall not prejudice the right of the Indemnifying Parties to dispute whether such Government Litigation arises out of Specific Indemnity Matters and/or any breach of Representations and Warranties.