Common use of Buyer’s Indemnification of Sellers Clause in Contracts

Buyer’s Indemnification of Sellers. Upon Closing, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnify, and save and hold harmless each Seller, its officers, directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, and (ii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (American Eagle Energy Inc.), Purchase and Sale Agreement (American Eagle Energy Inc.)

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Buyer’s Indemnification of Sellers. Upon Closing, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnify, and save and hold harmless each SellerSellers, its members, officers, directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, (ii) any matter for which Buyer has agreed to indemnify Sellers under this Agreement, and (iiiii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Arete Industries Inc), Purchase and Sale Agreement (Arete Industries Inc)

Buyer’s Indemnification of Sellers. Upon ClosingIf the Closing occurs, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnify, and save and hold harmless each SellerSellers, its their officers, directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, and (ii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.

Appears in 1 contract

Samples: Lease Acquisition Agreement (GMX Resources Inc)

Buyer’s Indemnification of Sellers. Upon Closing, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnifyindemnify (on an after-tax basis), and save and hold harmless each Seller, its officers, directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, and (ii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp)

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Buyer’s Indemnification of Sellers. Upon ClosingIf the Closing occurs, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnify, and save and hold harmless each SellerSellers, its officers, directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, and (ii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carbon Natural Gas Co)

Buyer’s Indemnification of Sellers. Upon Closing, Buyer assumes all risk, liability, obligation and Losses in connection with, and shall defend, indemnify, and save and hold harmless Sellers, and each Sellerof their respective affiliates, its officersshareholders, directorsprincipals, employees members, partners, investors, representatives, agents, successors, and agentsassigns (collectively, the “Seller Indemnified Parties”), from and against all Losses which arise directly or indirectly from or in connection with (i) the Assumed Liabilities, and (ii) any breach by Buyer of its representations, warranties and/or covenants under this Agreement.with:

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Samson Oil & Gas LTD)

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