Common use of General Indemnification Provisions Clause in Contracts

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party of a breach of a representation or warranty of another party hereto shall affect the representations and warranties of the breaching party or the recourse available to such first party under any provision of this Agreement (including this ARTICLE VIII) with respect thereto. For all purposes of this ARTICLE VIII including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes hereto) that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. In any claim for indemnification under this Agreement, no Person shall be required to indemnify any Person for punitive damages or special damages, unless such punitive damages, or special damages are actually awarded to a third party.

Appears in 2 contracts

Samples: Share Exchange Agreement (Charge Enterprises, Inc.), Share Exchange Agreement (GoIP GLOBAL, INC.)

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General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party Buyer or its Representatives, on the one hand, or the Seller or its Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other set of parties shall affect the such other set of parties' representations and warranties of the breaching party or the recourse available to such first party or any other Indemnitee of such first party under any provision of this Agreement (including this ARTICLE VIIIArticle VI) with respect thereto. For all purposes of this ARTICLE VIII Article VI including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes Schedules hereto) or any Ancillary Document that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. In Seller will not have any claim for right to seek contribution from the Company, any Subsidiary or Buyer or any of its Affiliates or Buyer Indemnified Parties with respect to all or any part of Seller's indemnification obligations under this Agreement, no Person shall Article VI. The Buyer Indemnified Parties will not be required to indemnify make any Person claim against the Company in respect of any representation, warranty, covenant or any other obligation of the Company to Buyer hereunder or under any Ancillary Document to which the Company is a party and may solely seek action against Seller. Any Losses under this Agreement and the Ancillary Documents shall be determined without duplication of recovery by reason of the state of facts giving rise to such Losses constituting a breach of more than one representation, warranty, covenant or agreement. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Price for punitive damages or special damagesall Tax purposes, unless and no party may take any position inconsistent with such punitive damages, or special damages are actually awarded to a third partycharacterization.

Appears in 1 contract

Samples: Share Purchase Agreement (Renavotio, Inc.)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party Notwithstanding anything in this Agreement to the contrary, for purposes of a breach of a representation or warranty of another party hereto shall affect the representations and warranties application of the breaching party or the recourse available to such first party under any provision indemnification provisions of this Agreement (including this ARTICLE VIII) with respect thereto. For all purposes of this ARTICLE VIII including for purposes determining whether there has been a breach giving rise to the indemnification claim and , the amount of Lossesany Loss arising from the breach of any representation, all of the representationswarranty, warranties and covenants set forth covenant, obligation or agreement contained in this Agreement (including shall be the schedules, exhibits entire amount of any Loss actually incurred by the respective Indemnitee as a result of such breach and annexes hereto) not just that are qualified by portion of the Loss that exceeds the relevant level of materiality, Material Adverse Effect or words of similar import or effect if any. The Buyer Indemnified Parties will be deemed to have been made without any such qualification. In not make any claim for indemnification against the Sellers in respect of any representation, warranty, covenant or any other obligation of the Company to Buyer hereunder or under this Agreementany Ancillary Document to which the Company is a party, no Person shall be required to indemnify any Person for punitive damages or special damages, unless such punitive damages, or special damages are actually awarded to a third partyand may solely seek action against the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Patriot Scientific Corp)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party of a breach of a representation or warranty of another party hereto shall affect the representations and warranties of the breaching party or the recourse available to such first party under any provision of this Agreement (including this ARTICLE VIIIVII) with respect thereto. For all purposes of this ARTICLE VIII VII including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes hereto) that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Price for all Tax purposes, and no party may take a position inconsistent with such characterization. In any claim for indemnification under this Agreement, no Person shall be required to indemnify any Person for punitive damages or special damages, unless such punitive damages, or special damages are actually awarded to a third party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Spherix Inc)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation Seller will not have any right to seek contribution from any Ameri Company with respect to all or knowledge any part of Seller’s indemnification obligations under this ARTICLE VI. The Buyer Indemnified Parties will not be required to make any claim against any Ameri Company in respect of any representation, warranty, covenant or any other obligation of an Ameri Company to Buyer hereunder or under any Ancillary Document to which an Ameri Company is a party, and may solely seek action against Seller. Any Losses under this Agreement and the Ancillary Documents shall be determined without duplication of recovery by a party reason of the state of facts giving rise to such Losses constituting a breach of a representation more than one representation, warranty, covenant or warranty of another party hereto shall affect the representations and warranties of the breaching party or the recourse available to such first party under any provision of this Agreement (including this ARTICLE VIII) with respect theretoagreement. For Unless otherwise required by applicable Law, all purposes of this ARTICLE VIII including for purposes determining whether there has been a breach giving rise indemnification payments will constitute adjustments to the indemnification claim consideration for all Tax purposes, and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes hereto) that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without no party may take any position inconsistent with such qualification. In any claim for indemnification under this Agreement, no Person shall be required to indemnify any Person for punitive damages or special damages, unless such punitive damages, or special damages are actually awarded to a third partycharacterization.

Appears in 1 contract

Samples: Share Purchase Agreement (AMERI Holdings, Inc.)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses Xxxxxx (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party the Purchaser or Fresh2 or their respective Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, or knowledge by the Purchaser or Fresh2 or their respective Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other set of Parties shall affect the such other set of Parties’ representations and warranties of the breaching party or the recourse available to such first party set of Parties or any other Indemnitee of such first set of Parties under any provision of this Agreement (including this ARTICLE VIIISection 7) with respect thereto. For all purposes of this ARTICLE VIII Section 7, including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes heretoDisclosure Schedules) or any other Transaction Document that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. In No Seller will have any claim for right to seek contribution from any Group Company or Purchaser with respect to all or any part of such Seller’s indemnification obligations under this Agreement, no Person shall Section 7. The Purchaser Indemnified Parties will not be required to indemnify make any claim against any Group Company in respect of any representation, warranty, covenant or any other obligation of a Group Company to the Purchaser or Fresh2 hereunder or under any other Transaction Document to which a Group Company is a party, and may solely seek action against Sellers. Any Losses under this Agreement and the other Transaction Documents shall be determined without duplication of recovery by reason of the state of facts giving rise to such Losses constituting a breach of more than one representation, warranty, covenant or agreement. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Price for all Tax purposes, and no Party may take any position inconsistent with such characterization. The provisions in this Section 7 shall be enforceable regardless of whether the Liability is based upon past, present or future acts, claims or Laws and regardless of whether any Person for punitive damages (including the Person from whom relief is sought) alleges or special damagesproves the sole, unless such punitive damagesconcurrent, contributory, or special damages are actually awarded to a third partycomparative negligence of the Person seeking relief, or the sole or concurrent strict liability imposed upon the person seeking relief.

Appears in 1 contract

Samples: Share Purchase Agreement (Fresh2 Group LTD)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party Notwithstanding anything in this Agreement to the contrary, for purposes of a breach of a representation or warranty of another party hereto shall affect the representations and warranties application of the breaching party or the recourse available to such first party under any provision indemnification provisions of this Agreement (including this ARTICLE VIII) with respect thereto. For all purposes of this ARTICLE VIII including for purposes determining whether there has been a breach giving rise to the indemnification claim and , the amount of Lossesany Loss arising from the breach of any representation, all of the representationswarranty, warranties and covenants set forth covenant, obligation or agreement contained in this Agreement (including shall be the schedules, exhibits entire amount of any Loss actually incurred by the respective Indemnitee as a result of such breach and annexes hereto) not just that are qualified by portion of the Loss that exceeds the relevant level of materiality, Material Adverse Effect if any. No Seller will have any right to seek contribution from the Company or words Buyer with respect to all or any part of similar import or effect such Seller’s indemnification obligations under this ARTICLE VIII. The Buyer Indemnified Parties will be deemed to have been made without any such qualification. In not make any claim for indemnification against the Sellers in respect of any representation, warranty, covenant or any other obligation of the Company to Buyer hereunder or under this Agreementany Ancillary Document to which the Company is a party, no Person shall be required to indemnify any Person for punitive damages or special damages, unless such punitive damages, or special damages are actually awarded to a third partyand may solely seek action against the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Home Treasure Finders, Inc.)

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General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation by Buyer or its Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, or knowledge by a party Buyer or its Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other set of parties shall affect the such other set of parties' representations and warranties of the breaching party or the recourse available to such first party or any other Indemnitee of such first party under any provision of this Agreement (including this ARTICLE VIII) VI with respect thereto. For all Notwithstanding anything in this Agreement to the contrary, for purposes of application of the indemnification provisions of this ARTICLE VIII including for purposes determining whether there has been a breach giving rise to the indemnification claim and VI, the amount of Lossesany Loss arising from the breach of any representation, all of the representationswarranty, warranties and covenants set forth covenant, obligation or agreement contained in this Agreement (including shall be the schedules, exhibits entire amount of any Loss actually incurred by the respective Indemnitee as a result of such breach and annexes hereto) not just that are qualified by portion of the Loss that exceeds the relevant level of materiality, Material Adverse Effect if any. No Seller will have any right to seek contribution from the Company or words Buyer with respect to all or any part of similar import or effect will be deemed to have been made without any such qualification. In any claim for Seller's indemnification obligations under this Agreement, no Person shall ARTICLE VI. The Buyer Indemnified Parties will not be required to indemnify make any Person claim against the Company in respect of any representation, warranty, covenant or any other obligation of the Company to Buyer hereunder or under any Ancillary Document to which the Company is a party, and may solely seek action against Sellers. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Consideration for punitive damages or special damagesall Tax purposes, unless and no party may take any position inconsistent with such punitive damages, or special damages are actually awarded to a third partycharacterization.

Appears in 1 contract

Samples: Stock Purchase Agreement (Byrna Technologies Inc.)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses Xxxxxx (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party the Purchaser or Fresh2 or their respective Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, or knowledge by the Purchaser or Fresh2 or their respective Representatives, on the one hand, or the Seller Parties or their Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other set of Parties shall affect the such other set of Parties’ representations and warranties of the breaching party or the recourse available to such first party set of Parties or any other Indemnitee of such first set of Parties under any provision of this Agreement (including this ARTICLE VIIISection 7) with respect thereto. For all purposes of this ARTICLE VIII Section 7, including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes hereto) or any other Transaction Document that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. In No Seller will have any claim for right to seek contribution from any Group Company or Purchaser with respect to all or any part of such Seller’s indemnification obligations under this Agreement, no Person shall Section 7. The Purchaser Indemnified Parties will not be required to indemnify make any claim against any Group Company in respect of any representation, warranty, covenant or any other obligation of a Group Company to the Purchaser or Fresh2 hereunder or under any other Transaction Document to which a Group Company is a party, and may solely seek action against Sellers. Any Losses under this Agreement and the other Transaction Documents shall be determined without duplication of recovery by reason of the state of facts giving rise to such Losses constituting a breach of more than one representation, warranty, covenant or agreement. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Price for all Tax purposes, and no Party may take any position inconsistent with such characterization. The provisions in this Section 7 shall be enforceable regardless of whether the Liability is based upon past, present or future acts, claims or Laws and regardless of whether any Person for punitive damages (including the Person from whom relief is sought) alleges or special damagesproves the sole, unless such punitive damagesconcurrent, contributory, or special damages are actually awarded to a third partycomparative negligence of the Person seeking relief, or the sole or concurrent strict liability imposed upon the person seeking relief.

Appears in 1 contract

Samples: Share Purchase Agreement (Fresh2 Group LTD)

General Indemnification Provisions. Solely for purposes of determining the amount of any Loss under this ARTICLE IX (but not for determining whether there has been any breach of this Agreement for which an Indemnitee is entitled to indemnification under this Agreement), any representation or warranty given or made by a party that is qualified in scope as to materiality or Material Adverse Effect shall be deemed to be made or given without such qualification. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation by Buyer or its Representatives, on the one hand, or the Company or Parent or their respective Representatives, on the other hand, or knowledge by a party Buyer or its Representatives, on the one hand, or the Company or Parent or their respective Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other parties shall affect the such other parties’ representations and warranties of the breaching party or the recourse available to such first party or any other Indemnitee of such first party under any provision of this Agreement (including this ARTICLE VIII) with respect thereto. For Parent will not have any right to seek contribution from the Company or Buyer with respect to all purposes or any part of Parent’s indemnification obligations under this ARTICLE VIII including for purposes determining whether there has been a breach giving rise IX. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the applicable purchase price for all Tax purposes, and no party may take any position inconsistent with such characterization. Any indemnification claim payments to or by the Company under this ARTICLE IX will take into account the ownership interests of Buyer in the Company at such time, and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes hereto) that are qualified indemnifiable Losses payable to or by materiality, Material Adverse Effect or words of similar import or effect Buyer hereunder will be deemed to have been made without any such qualification. In any claim adjusted for indemnification under this Agreement, no Person shall be required to indemnify any Person for punitive damages the indirect benefit received or special damages, unless such punitive damages, or special damages are actually awarded to a third partycost incurred by Buyer through its ownership interests in the Company.

Appears in 1 contract

Samples: Subscription and Stock Purchase Agreement (OncoCyte Corp)

General Indemnification Provisions. The amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds or other cash receipts paid to the Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage), including any indemnification received by the Indemnitee or such Affiliate from an unrelated party with respect to such Losses, net of the costs of collection and any related anticipated future increases in insurance premiums resulting from such Loss or insurance payment. No investigation or knowledge by a party Buyer or its Representatives, on the one hand, or the Seller or its Representatives, on the other hand, of a breach of a representation or warranty of another party hereto the other set of parties shall affect the such other set of parties’ representations and warranties of the breaching party or the recourse available to such first party or any other Indemnitee of such first party under any provision of this Agreement (including this ARTICLE VIIIArticle VI) with respect thereto. For all purposes of this ARTICLE VIII Article VI including for purposes determining whether there has been a breach giving rise to the indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement (including the schedules, exhibits and annexes Schedules hereto) or any Ancillary Document that are qualified by materiality, Material Adverse Effect or words of similar import or effect will be deemed to have been made without any such qualification. In Seller will not have any claim for right to seek contribution from the Company, any Subsidiary or Buyer or any of its Affiliates or Buyer Indemnified Parties with respect to all or any part of Seller’s indemnification obligations under this Agreement, no Person shall Article VI. The Buyer Indemnified Parties will not be required to indemnify make any Person claim against the Company in respect of any representation, warranty, covenant or any other obligation of the Company to Buyer hereunder or under any Ancillary Document to which the Company is a party, and may solely seek action against Seller. Any Losses under this Agreement and the Ancillary Documents shall be determined without duplication of recovery by reason of the state of facts giving rise to such Losses constituting a breach of more than one representation, warranty, covenant or agreement. Unless otherwise required by applicable Law, all indemnification payments will constitute adjustments to the Purchase Price for punitive damages or special damagesall Tax purposes, unless and no party may take any position inconsistent with such punitive damages, or special damages are actually awarded to a third partycharacterization.

Appears in 1 contract

Samples: Share Purchase Agreement (Success Entertainment Group International Inc.)

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