Common use of Indemnification and Reimbursement Clause in Contracts

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's, director's, employee's, agent's or Purchaser Control Person's negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 21 contracts

Samples: Purchase Agreement (Lithium Exploration Group, Inc.), Purchase Agreement (Lithium Exploration Group, Inc.), Purchase Agreement (Lithium Exploration Group, Inc.)

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Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 8 contracts

Samples: Purchase Agreement (Lithium Exploration Group, Inc.), Purchase Agreement (Solar Wind Energy Tower, Inc.), Purchase Agreement (Inergetics Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 7 contracts

Samples: Purchase Agreement (Marshall Holdings International, Inc.), Purchase Agreement (Neah Power Systems, Inc.), Purchase Agreement (Inform Worldwide Holdings Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's Buyer’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's Buyer’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Buyer Control Person's ’s illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 6 contracts

Samples: Purchase Agreement (Xg Sciences Inc), Securities Purchase Agreement (Omnicomm Systems Inc), Securities Purchase Agreement (Omnicomm Systems Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's Lender’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's Lender’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Helix TCS, Inc.), Securities Purchase Agreement (Helix TCS, Inc.), Securities Purchase Agreement (Helix TCS, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's, director's, employee's, agent's or Purchaser Lender Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 4 contracts

Samples: Bridge Loan Agreement (Sonoma College Inc), Securities Purchase Agreement (Conspiracy Entertainment Holdings Inc), Bridge Loan Agreement (Sonoma College Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Water Chef Inc), Securities Purchase Agreement (Rim Semiconductor CO), Securities Purchase Agreement (Amedia Networks, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Buyer Control Person's ’s illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 4 contracts

Samples: Securities Purchase Agreement (American Security Resources Corp.), Securities Purchase Agreement (Pluristem Life Systems Inc), Securities Purchase Agreement (Skystar Bio-Pharmaceutical Co)

Indemnification and Reimbursement. a. A. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Amedia Networks, Inc.), Securities Purchase Agreement (BVR Technologies LTD), Bridge Loan Agreement (Brilliant Technologies, CORP)

Indemnification and Reimbursement. a. A. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's, director's, employee's, agent's or Purchaser Lender Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Amedia Networks, Inc.), Purchase Agreement (Red Giant Entertainment, Inc.), Securities Purchase Agreement (Infinium Labs Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Brilliant Technologies, CORP), Bridge Loan Agreement (Brilliant Technologies, CORP), Securities Purchase Agreement (Satellite Enterprises Corp)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Helix TCS, Inc.), Bridge Loan Agreement (Oxford Media, Inc.), Securities Purchase Agreement (Helix TCS, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Buyer Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Millennium Biotechnologies Group Inc), Bridge Loan Agreement (Neah Power Systems, Inc.)

Indemnification and Reimbursement. a. (i) 13.1. The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment non-fulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's, director's, employee's, agent's or Purchaser Lender Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Singing Machine Co Inc)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's, director's, employee's, agent's or Purchaser Lender Control Person's illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Rim Semiconductor CO)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's negligence, recklessness ’s gross negligence or bad faith willful misconduct in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Lithium Exploration Group, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a nonappealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Rim Semiconductor CO)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Solar Wind Energy Tower, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint Damages"),joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentationmisrepresentation , breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's, director's, employee's, agent's or Purchaser Control Person's negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Security Purchase Agreement (Well Power, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's gross negligence, recklessness or bad faith in performing its obligations under this AgreementAgreement or failure to deliver a prospectus, if required.

Appears in 1 contract

Samples: Securities Purchase Agreement (Markland Technologies Inc)

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Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's ’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's ’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s negligence, recklessness or bad faith in performing its obligations under this Agreement.. Purchaser Initial: ______ Company Initial: ____ _

Appears in 1 contract

Samples: Securities Purchase Agreement (Boston Therapeutics, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company the Company, contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Oxford City Football Club, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's ’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's ’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Security Purchase Agreement (Max Sound Corp)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser and its officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's failure to perform any covenant or agreement contained in this Agreement or the Purchaser's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Lithium Exploration Group, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily 1 from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Amedia Networks, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the each Purchaser and its each of their respective officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from any Purchaser's ’s failure to perform any covenant or agreement contained in this Agreement or the any Purchaser's ’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (DecisionPoint Systems, Inc.)

Indemnification and Reimbursement. a. A. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ambient Corp /Ny)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Buyer and its officers, directors, employees, and agents, and each Purchaser Buyer Control Person from and against any losses, claims, damages, 'liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserBuyer, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Buyer Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserBuyer's failure to perform any covenant or agreement contained in this Agreement or the PurchaserBuyer's or or- its officer's, director's, employee's, agent's or Purchaser Buyer Control Person's gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Brilliant Technologies, CORP)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the each Purchaser and its each of their respective officers, directors, employees, and agents, and each Purchaser Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the Purchaser, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from and/or arise out of any Purchaser's ’s failure to perform any covenant or agreement contained in this Agreement or the any Purchaser's ’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hamptons Extreme, Inc.)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any material covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's Lender’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's Lender’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Conversion Agreement (Actiga Corp)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from PurchaserLender's failure to perform any covenant or agreement contained in this Agreement or the PurchaserLender's or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s illegal or willful misconduct, gross negligence, recklessness or bad faith (in each case, as determined by a non-appealable judgment to such effect) in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (Rim Semiconductor CO)

Indemnification and Reimbursement. a. (i) The Company agrees to indemnify and hold harmless the Purchaser Lender and its officers, directors, employees, and agents, and each Purchaser Lender Control Person from and against any losses, claims, damages, liabilities or expenses incurred (collectively, "Damages"), ”) ,joint or several, and any action in respect thereof to which the PurchaserLender, its partners, Affiliates, officers, directors, employees, and duly authorized agents, and any such Purchaser Lender Control Person becomes subject to, resulting from, arising out of or relating to any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or agreement on the part of Company contained in this Agreement, as such Damages are incurred, except to the extent such Damages result primarily from Purchaser's Lender’s failure to perform any covenant or agreement contained in this Agreement or the Purchaser's Lender’s or its officer's’s, director's’s, employee's’s, agent's ’s or Purchaser Lender Control Person's ’s gross negligence, recklessness or bad faith in performing its obligations under this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Infinium Labs Inc)

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