Examples of Xxxx Indemnitees in a sentence
XXXX INDEMNITEES") from and against any and all Losses of any of the St. Xxxx Indemnitees arising out of or based upon any actions taken or refrained from being taken by any such St. Xxxx Indemnitee at the direction of Platinum pursuant to this Agreement, or any breach by Platinum of any of its covenants under this Agreement.
The iCeutica Indemnitees or the Xxxx Indemnitees, as applicable, shall provide the indemnitor with prompt written notice of each Claim for which indemnification is sought.
It is understood and agreed, however, that if Cephalon has actual knowledge of the Proceeding for which indemnification is being sought within said six month period, then the failure by Xxxx to provide notice within the six month period shall not deprive the Xxxx Indemnitees of their right to indemnification.
The parties agree, for all federal, state and local tax purposes, to treat all payments to the Xxxx Indemnitees pursuant to this Section 7 as an adjustment to, and reduction of, the Purchase Price.
However, the parties acknowledge and agree that the failure by Xxxx to provide such notice within the six months after the expiration of the 20-day time period set forth above shall not deprive the Xxxx Indemnitees of their right to indemnification, provided that the delay in the provision of such notice does not in any way prejudice Cephalon.
The provisions of this Section 7 shall be the exclusive remedy of the Xxxx Indemnitees with respect to any breach of representation or warranty under this Agreement, other than for any fraudulent breach of a representation or warranty.
Acknowledgement”) in which Cephalon shall: (i) agree that the Xxxx Indemnitees are entitled to indemnification under this Section in connection with the Proceeding; or (ii) dispute that the Xxxx Indemnitees are entitled to such indemnification.