Transferee Indemnitees definition
Examples of Transferee Indemnitees in a sentence
Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than the Parties, any right or remedies under or by reason of this Agreement; provided, however, that each of the Transferor Indemnitees and Transferee Indemnitees is an express, intended third-party beneficiary of this Agreement.
Except as provided in the preceding sentence and as expressly provided elsewhere in this Agreement with respect to Company Indemnitees and Transferee Indemnitees, this Agreement is neither expressly nor impliedly made for the benefit of any Person other than Company or NovaMedica, or Transferee.
Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than the Parties, any right or remedies under or by reason of this Agreement; provided, however, each of the Transferor Indemnitees and Transferee Indemnitees is an express, intended third-party beneficiary of this Agreement.
Notwithstanding anything else herein to the contrary, Transferors' obligation to indemnify Transferee Indemnitees for any Transferee Damages shall not exceed the aggregate value of the Indemnification Escrow.
Nothing in this Agreement shall entitle any Person other than Transferee and Transferor to any Claims, remedy or right of any kind, except as to those rights expressly provided to Transferor Indemnitees and Transferee Indemnitees (provided, however, any claim for indemnity hereunder on behalf of a Transferor Indemnitee or a Transferee Indemnitee must be made and administered by a Party to this Agreement).
Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than the Parties, any right or remedies under or by reason of this Agreement; provided, however, that each of the Transferor Indemnitees and Transferee Indemnitees is an express, intended third-party beneficiary of this Agreement.
This Agreement is not intended to confer upon any Person other than the parties hereto any rights or remedies hereunder, except the provisions of SECTIONS 7.2 AND 7.3 relating to Transferee Indemnitees and Transferor Indemnitees and SECTION 8.10.
In the event of termination of this Agreement by Transferees pursuant to clause (ii) of 6.04(a), Transferees shall receive upon demand, as liquidated damages for and in full settlement of all claims of Transferees and Transferee Indemnitees against Transferors in connection with this Agreement, the amount of $50,000 in immediately available funds, the nature of this transaction being such as will not permit any exact determination of the damage that may be suffered by Transferees under such circumstances.
If no Response is delivered by the Indemnifying Party to the Indemnified Party within such thirty (30) day period, the Indemnifying Party shall be deemed to have agreed that an amount equal to the entire Claimed Amount shall be payable to the Indemnified Party and such Claimed Amount shall be promptly paid to Transferor Indemnitees or Transferee Indemnitees, as applicable.
Transferors shall be obligated to indemnify Transferee Indemnitees and Transferees shall be obligated to indemnify Transferor Indemnitees only for those Transferee Damages or Transferor Damages (as the case may be) as to which any Transferee or Transferor has given the other written notice thereof within one year after the Closing Date.