4Specific Indemnity Clause Samples

4Specific Indemnity. Each of the Sellers shall severally and on a pro rata basis according to its respective stake in the Nubiola Group as identified in the column set opposite its name in Schedule 2 be liable to and indemnify, defend, hold harmless and keep indemnified the Buyer Indemnified Persons for any and all Damages suffered or incurred by any one of them arising out of the Other Specific Indemnifiable Matters, in accordance with and subject to the terms of clause 15 (the “Specific Indemnity”). For the avoidance of doubt, the Parties acknowledge and agree that the Buyer does not need to establish liability against each of the Sellers (notwithstanding the fact that such Sellers’s liability is pro rata according to its respective stake in the Nubiola Group as identified in the column set opposite its name in Schedule 2) in order to obtain recourse from the Specific Escrow Amount.