Common use of Holder Indemnity Clause in Contracts

Holder Indemnity. (i) In the event of a Registration under this Agreement, to the maximum extent permitted by Law, each selling Holder that has included Registrable Securities in a Registration will, severally and not jointly, indemnify and hold harmless the Company, its directors and officers, any other Holder selling securities in connection with such Registration and each Person, if any, who controls (within the meaning of the Securities Act) the Company or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any such Person may become subject, under Applicable Securities Laws or otherwise, insofar as such losses, claims, damages or liabilities (or Actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with information furnished by such Holder in writing specifically for use in such Registration Statement (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto); and each such Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or Action. No selling Holder’s liability under this Section 5.2 (when combined with any amounts paid by such Holder pursuant to Section 5.4) shall exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration.

Appears in 2 contracts

Samples: Equity Holders’ Agreement (LianBio), Equity Holders’ Agreement (LianBio)

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Holder Indemnity. (ia) In the event of a Registration under this Agreement, to the maximum extent permitted by Law, each selling Holder that has included Registrable Securities in a Registration will, severally and not jointly, indemnify and hold harmless the Company, its directors and officers, any other Holder selling securities in connection with such Registration and each Person, if any, who controls (within the meaning of the Securities Act) the Company or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any such Person may become subject, under Applicable Securities Laws or otherwise, insofar as such losses, claims, damages or liabilities (or Actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with information furnished by such Holder in writing specifically for use in such Registration Statement (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto); and each such Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or Action. No selling Holder’s liability under this Section 5.2 (when combined with any amounts paid by such Holder pursuant to Section 5.4) shall exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration.

Appears in 2 contracts

Samples: Second Amended and Restated Shareholders Agreement (LianBio), Second Amended and Restated Shareholders Agreement (LianBio)

Holder Indemnity. (ia) In the event of a Registration under this Agreement, to To the maximum extent permitted by Law, each selling Holder that has included Registrable Securities in a Registration will, severally and not jointly, indemnify and hold harmless the Company, its directors and officersdirectors, each of its officers who signed the Registration Statement, any other Holder selling securities in connection with such Registration and each Person, if any, who controls (within the meaning of the Securities Act) the Company Company, or other Holder, against any losses, claims, damages or liabilities Liabilities (joint or several) to which any such Person of the foregoing Persons may become subject, under Applicable Securities Laws Laws, or otherwiseany rule or regulation promulgated under Applicable Securities Laws, insofar as such losses, claims, damages or liabilities Liabilities (or Actions actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with written information furnished by such Holder in writing specifically for use in connection with such Registration Statement (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto)Registration; and each such Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability Liability or Actionaction. No selling Holder’s liability Liability under this Section 5.2 (when combined with any amounts paid by such Holder pursuant to Section 5.4) shall exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration.

Appears in 1 contract

Samples: Joinder Agreement (Baozun Inc.)

Holder Indemnity. (ia) In the event of a Registration under this Agreement, to To the maximum extent permitted by Law, each selling Holder that has included Registrable Securities in a Registration will, severally and not jointly, indemnify and hold harmless the Company, its directors and officers, underwriters (as defined in the Securities Act), any other Holder selling securities in connection with such Registration and each Person, if any, who controls (within the meaning of the Securities Act) the Company Company, such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any such Person of the foregoing persons may become subject, under Applicable Securities Laws Laws, or otherwiseany rule or regulation promulgated under Applicable Securities Laws, insofar as such losses, claims, damages or liabilities (or Actions actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with written information furnished by such Holder in writing specifically for use in connection with such Registration Statement (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto)Registration; and each such Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or Actionaction. No selling Holder’s liability under this Section 5.2 (when combined with any amounts paid by such Holder pursuant to Section 5.4) shall exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration, except in the case of fraud or willful misconduct by such Holder.

Appears in 1 contract

Samples: Amended and Restated Shareholders Agreement (Xiaoju Kuaizhi Inc.)

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Holder Indemnity. (ia) In the event of a Registration under this Agreement, to To the maximum extent permitted by Law, each selling Holder that has included Registrable Securities in a Registration will, severally and not jointly, indemnify and hold harmless the Company, its directors and officersofficers who have signed the Registration Statement, any other Holder selling securities in connection with such Registration and each Person, if any, who controls (within the meaning of the Securities Act) the Company Company, such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any such Person of the foregoing persons may become subject, under Applicable Securities Laws Laws, or otherwiseany rule or regulation promulgated under Applicable Securities Laws, insofar as such losses, claims, damages or liabilities (or Actions actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with written information furnished by such selling Holder in writing specifically expressly for use in connection with such Registration Statement (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto)Registration; and each such selling Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or Actionaction. No selling Holder’s liability under this Section 5.2 (when combined with any amounts paid by such Holder pursuant to Section 5.4) shall exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration, except in the case of fraud or willful misconduct by such Holder.

Appears in 1 contract

Samples: Adoption Agreement (Chinook Therapeutics, Inc.)

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