Common use of Indemnification by the Partnership Clause in Contracts

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the Partnership agrees to indemnify and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective Representatives (collectively, the “Purchaser Related Parties”) against, and hold each of them harmless from, any and all losses, Proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs or Expenses of any kind or nature whatsoever, including the reasonable fees and disbursements of counsel and all other reasonable Expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party or asserted against any Purchaser Related Party as a result of, arising out of, in connection with or in any way related to (i) the breach or inaccuracy of any of the representations or warranties of the Partnership contained herein or in any of the Transaction Documents or (ii) the breach of any covenant or agreement of the Partnership contained herein or in any of the Transaction Documents; provided, however, in each case, that any such claim for indemnification must be made prior to the expiration of such representation, warranty, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has given notice (stating in reasonable detail, to the extent known, the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made).

Appears in 2 contracts

Samples: Series a Preferred Unit Purchase Agreement (Rhino Resource Partners LP), Series a Preferred Unit Purchase Agreement (Royal Energy Resources, Inc.)

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Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify the Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, or Section 3.07, or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct in all material respects as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a the Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made; and provided, further, that the aggregate liability of the Partnership to the Purchaser and its Representatives pursuant to this Section 6.01 shall not be greater in amount than the Funding Amount as of the date of the Indemnification notice described in Section 6.03(a). No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims. Notwithstanding anything contained in this Agreement, no provision contained herein shall limit, restrict or otherwise alter the right of the Purchaser to indemnification by any of the Partnership Entities under any other agreement.

Appears in 2 contracts

Samples: Purchase Agreement (NuStar Energy L.P.), Purchase Agreement (NuStar Energy L.P.)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made)made; and provided, further, that the aggregate liability of the Partnership to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Obligation, and the aggregate liability of the Partnership to all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding Obligation. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Series a Preferred Unit and Common Unit Purchase Agreement

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or to be true and correct in any all material respects as of the Transaction Documents date made (except to the extent any representation or warranty includes the word “material,” Material Adverse Effect or words of similar import, with respect to which such representation or warranty, or applicable portions thereof, must have been true and correct) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; and provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made). No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (KNOT Offshore Partners LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or in any to be true and correct as of the Transaction Documents date made or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein herein, in any other Transaction Document or in any other certificate, instrument or document contemplated to be delivered hereby, provided that, in the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyhowever, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); provided, further, that the Partnership shall not be required to indemnify Purchaser Related Parties for the first $50,000 in the aggregate of such costs, losses, liabilities, damages, or expenses incurred by the Purchaser Related Parties. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are direct damages in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Purchase Agreement (CSI Compressco LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Obligation, and the aggregate liability of the Partnership to all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding Obligation. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (Dominion Midstream Partners, LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom all costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.17 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Obligation, and the aggregate liability of the Partnership to all Purchasers pursuant to this Section 6.01 shall not exceed the aggregate Funding Obligation of all Purchasers. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (USA Compression Partners, LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or to be true and correct in any all material respects (other than those representations and warranties contained in Section 3.01 (Existence), Section 3.02 (Capitalization and Valid Issuance of Units), Section 3.04 (Ownership of the Transaction Documents Subsidiaries), Section 3.12 (Authority: Enforceability), Section 3.15 (Partnership Status) or Section 3.17 (Certain Fees) or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in each case, shall be true and correct in all respects) when made and as of the Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein, provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyhowever, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Obligation, and the aggregate liability of the Partnership to all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding Obligation. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are direct damages in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Preferred Unit Purchase Agreement (Stonemor Partners Lp)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Indemnified Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless from, against any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for for, any and all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs liabilities or Expenses expenses of any kind or nature whatsoeverwhatsoever (including, including the reasonable without limitation, legal fees and disbursements of counsel and all other reasonable Expenses expenses reasonably incurred in connection with investigatingany suit, defending action or preparing to defend proceeding or any claim asserted), joint or several, that the Purchaser Indemnified Party may incur, whether or not involving a Third-Party Claim, insofar as such matter (eachloss, a “Loss”) that may be sufferedclaim, sustained damage or incurred by any Purchaser Related Party or asserted against any Purchaser Related Party as a result of, arising liability arises out of, in connection with or in any way related to is based upon, (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein, provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representation, representation or warranty, covenant or agreement ; provided further that (it being understood that x) for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Indemnified Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made)made and (y) the aggregate liability of the Partnership (i) to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s respective Funding Obligation and (ii) to all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding Obligation. To the fullest extent permitted by Law, no Purchaser Indemnified Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Indemnified Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (Phillips 66 Partners Lp)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective its Affiliates and the Purchasers’ and their respective Affiliates’ respective Representatives (collectively, the “Purchaser Related Parties”) againstfrom, and hold each of them harmless fromagainst, any and all losses, Proceedings actions, suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilitiesliabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs or Expenses expenses of any kind or nature whatsoever, including including, without limitation, the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related Party of them, whether or not involving a third party claim, as a result of, arising out of, in connection with or in any way related to (i) the breach or inaccuracy of any of the representations representations, warranties or warranties covenants of the Partnership contained herein or in any of the Transaction Documents or (ii) the breach of any covenant or agreement of the Partnership contained herein or in any of the Transaction Documentsherein; provided, however, in each case, that any such claim for indemnification must be relating to a breach of any representation or warranty is made prior to the expiration of such representation, warranty, covenant representation or agreement warranty (it being understood that (x) for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been mademade and (y) the aggregate liability of the Partnership (i) to each Purchaser pursuant to this Section 6.01 shall not exceed the amount of such Purchaser’s respective Funding Obligation and (ii) to all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding Obligation); provided, further, that no Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages.

Appears in 1 contract

Samples: Convertible Preferred Unit Purchase Agreement (EQM Midstream Partners, LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify the Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for any and all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoeverwhatsoever (including, including without limitation, the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.08, Section 3.10 or Section 3.12 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in each case, shall be true and correct in all respects) when made and as of each Closing Date (except for any representations and warranties made as of the Transaction Documents a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a the Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to the Purchaser under this Section 6.01 shall not be greater in amount than the Base Purchase Price plus, if the Option is exercised, the Option Purchase Price. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Series a Preferred Unit Purchase Agreement (Cypress Energy Partners, L.P.)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or in any to be true and correct as of the Transaction Documents date made or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein herein, in any other Transaction Document or in any other certificate, instrument or document contemplated to be delivered hereby, provided that, in the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyhowever, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made)made; provided, further, that the Partnership shall not be required to indemnify Purchaser Related Parties for the first $50,000 in the aggregate of such costs, losses, liabilities, damages, or expenses incurred by the Purchaser Related Parties. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are direct damages in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Preferred Unit Purchase Agreement

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify the Purchasers and defend the PurchasersAGS, their respective Affiliates and the Purchasers’ and each of their respective Affiliates’ respective Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever (“Losses”), and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for any and all reasonable costsLosses (including, losseswithout limitation, Liabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs or Expenses of any kind or nature whatsoever, including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than (i) those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13 or Section 3.17 and (ii) representations and warranties in any other Sections that are qualified by materiality or Material Adverse Effect, which, in each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) when made and as of the Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that: (i) in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representation, representation or warranty, covenant or agreement ; (it being understood that ii) for purposes of determining when an indemnification claim has been made, the date upon which a the Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and (iii) the aggregate liability of the Partnership to the Purchaser Related Parties pursuant to this Section 6.01 shall not exceed the Funding Obligation. No Purchaser Related Party shall be entitled to recover (i) special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims, or (ii) twice with respect to the same Loss.

Appears in 1 contract

Samples: Registration Rights Agreement (Kimbell Royalty Partners, LP)

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Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Indemnified Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless from, against any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for for, any and all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs liabilities or Expenses expenses of any kind or nature whatsoeverwhatsoever (including, including the reasonable without limitation, legal fees and disbursements of counsel and all other reasonable Expenses expenses reasonably incurred in connection with investigatingany suit, defending action or preparing to defend proceeding or any claim asserted), joint or several, that the Purchaser Indemnified Party may incur, whether or not involving a Third-Party Claim, insofar as such matter (eachloss, a “Loss”) that may be sufferedclaim, sustained damage or incurred by any Purchaser Related Party or asserted against any Purchaser Related Party as a result of, arising liability arises out of, in connection with or in any way related to is based upon, (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.07, Section 3.10 Section 3.12 or Section 3.13 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made as of the Transaction Documents date hereof or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein, provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representation, representation or warranty, covenant or agreement ; provided further that (it being understood that x) for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Indemnified Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made)made and (y) the aggregate liability of the Partnership (i) to each Purchaser pursuant to this Section 5.01 shall not be greater in amount than such Purchaser’s respective Funding Obligation and (ii) to all Purchasers pursuant to this Section 5.01 shall not exceed the Total Funding Obligation. To the fullest extent permitted by Law, no Purchaser Indemnified Party shall be entitled to recover indirect, exemplary, speculative or punitive damages under this Section 5.01; provided, however, that such limitation shall not prevent any Purchaser Indemnified Party from recovering under this Section 5.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Emerge Energy Services LP)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in each case, shall be true and correct in all respects) when made and as of each Closing Date (except for any representations and warranties made as of the Transaction Documents a specific date, which shall be required to be true and correct in all material respects as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made; and provided, further, that the aggregate liability of the Partnership to each Purchaser and its Representatives pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Total Funding Amount as of the date of the Indemnification notice described in Section 6.03(a), and the aggregate liability of the Partnership to all Purchasers and their respective Representatives pursuant to this Section 6.01 shall not exceed the sum of the Initial Closing Purchase Price and the Second Closing Purchase Price. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Purchase Agreement (NuStar Energy L.P.)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or in any to be true and correct as of the Transaction Documents date made or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein herein, in any other Transaction Document or in any other certificate, instrument or document contemplated to be delivered hereby, provided that, in the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyhowever, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); provided, further, that the Partnership shall not be required to indemnify Purchaser Related Parties for the first $100,000 in the aggregate of such costs, losses, liabilities, damages, or expenses incurred by the Purchaser Related Parties. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are direct damages in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Purchase Agreement (Tetra Technologies Inc)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct in all material respects as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made; and provided, further, that the aggregate liability of the Partnership to each Purchaser and its Representatives pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Amount as of the date of the indemnification notice described in Section 6.03(a), and the aggregate liability of the Partnership to all Purchasers and their respective Representatives pursuant to this Section 6.01 shall not exceed the aggregate Funding Amount of all Purchasers. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Cumulative Convertible Preferred Unit Purchase Agreement (Enterprise Products Partners L.P.)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify the Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for any and all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoeverwhatsoever (including, including without limitation, the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein to be true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in any each case, shall be true and correct in all respects) when made and as of the Transaction Documents Closing Date (except for any representations and warranties made as of a specific date, which shall be required to be true and correct as of such date only) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a the Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to the Purchaser pursuant to this Section 6.01 shall not be greater in amount than the Funding Obligation, and the aggregate liability of the Partnership to the Purchaser pursuant to this Section 6.01 shall not exceed the Funding Obligation. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (Black Stone Minerals, L.P.)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilities, Taxes, penalties, fines, interests, deficienciesliabilities, damages, costs or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or to be true and correct in any all material respects as of the Transaction Documents date made (except to the extent any representation or warranty includes the word “material,” Material Adverse Effect or words of similar import, with respect to which such representation or warranty, or applicable portions thereof, must have been true and correct) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein, provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; provided, warrantyhowever, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made). No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, incidental, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are direct damages in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Series a Preferred Unit (Plains All American Pipeline Lp)

Indemnification by the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership agrees to indemnify each Purchaser and defend the Purchasers, their respective Affiliates and the Purchasers’ and their respective Affiliates’ respective its Representatives (collectively, the “Purchaser Related Parties”) againstfrom costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless fromagainst, any and all lossesactions, Proceedings suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, Liabilitiesliabilities, Taxes, penalties, fines, interests, deficiencies, damages, costs damages or Expenses expenses of any kind or nature whatsoever, whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable Expenses expenses incurred in connection with investigating, defending or preparing to defend any such matter (each, a “Loss”) that may be suffered, sustained or incurred by any Purchaser Related Party them or asserted against or involve any Purchaser Related of them), whether or not involving a Third-Party Claim, as a result of, arising out of, in connection with or in any way related to (ia) the breach or inaccuracy failure of any of the representations or warranties of made by the Partnership contained herein or to be true and correct in any all material respects as of the Transaction Documents date made (except to the extent any representation or warranty includes the word “material,” Material Adverse Effect or words of similar import, with respect to which such representation or warranty, or applicable portions thereof, must have been true and correct) or (iib) the breach of any covenant or agreement covenants of the Partnership contained herein or herein; provided that, in any the case of the Transaction Documents; providedimmediately preceding clause (a), however, in each case, that any such claim for indemnification must be is made prior to the expiration of the survival period of such representationrepresentation or warranty; and provided, warrantyfurther, covenant or agreement (it being understood that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party has shall have given notice (stating in reasonable detail, to the extent known, detail the basis of the claim for indemnification) to the Partnership shall constitute the date upon which such claim has been made); and provided, further, that the aggregate liability of the Partnership to each Purchaser pursuant to this Section 6.01 shall not be greater in amount than such Purchaser’s Funding Obligation, and the aggregate liability of the Partnership to all Purchasers pursuant to this Section 6.01 shall not exceed the Purchase Price. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are in the form of diminution in value or are payable to a third party in connection with any Third-Party Claims.

Appears in 1 contract

Samples: Registration Rights Agreement (MPLX Lp)

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