Common use of Indemnification Provisions for Benefit of Buyer Clause in Contracts

Indemnification Provisions for Benefit of Buyer. (i) In the event that (A) the Sellers breach any representation or warranty contained herein and (B) Buyer makes a written claim for indemnification against Sellers with respect thereto within one year after the Closing (which written claim shall specify in reasonable particulars the basis of the breach being asserted and, to the extent then determinable, a calculation of any Adverse Consequences which Buyer claims to suffer as a result thereof), then the Sellers agree to indemnify Buyer from and against any Adverse Consequences Buyer suffers which are proximately caused by the breach; provided, however, that Sellers shall not have any obligation to indemnify Buyer from and against any Adverse Consequences caused by the breach of any representation or warranty of Sellers contained in Section 4 above unless and until Buyer has suffered Adverse Consequences in excess of a $25,000 deductible per occurrence (after which point Sellers will be obligated only to indemnify Buyer from and against further Adverse Consequences associated with the occurrence in question).