Common use of Indemnification Provisions for Benefit of the Purchaser Clause in Contracts

Indemnification Provisions for Benefit of the Purchaser. In the event the Company breaches any of its representations, warranties, and covenants contained herein, and, if there is an applicable survival period pursuant to Section 6.1, provided that the Purchaser makes a written claim for indemnification against the Company within the applicable survival period stated in Section 6.1, then the Company agrees to indemnify, defend and hold harmless the Purchaser and its directors, officers, and each person, if any, who controls the Purchaser within the meaning of Section 15 of the Securities Act, from and against the entirety of any Adverse Consequences (as defined in Section 6.5) the Purchaser or any such persons may suffer through and after the date of the claim for indemnification (including any Adverse Consequences the Purchaser or any such persons may suffer after the end of the applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by the breach (or the alleged breach).

Appears in 3 contracts

Samples: Regulation S Stock Purchase Agreement (New Visual Corp), Regulation S Stock Purchase Agreement (New Visual Corp), Regulation S Stock Purchase Agreement (Power Efficiency Corp)

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Indemnification Provisions for Benefit of the Purchaser. In the event the Company breaches any of its representations, warranties, and covenants contained herein, and, if there is an applicable survival period pursuant to Section 6.17.1, provided that the Purchaser makes a written claim for indemnification against the Company within the applicable survival period stated in Section 6.17.1, then the Company agrees to indemnify, defend and hold harmless the Purchaser and its directors, officers, and each person, if any, who controls the Purchaser within the meaning of Section 15 of the Securities Act, from and against the entirety of any Adverse Consequences (as defined in by Section 6.57.5) the Purchaser or any such persons may suffer through and after the date of the claim for indemnification (including any Adverse Consequences the Purchaser or any such persons may suffer after the end of the applicable survival period) resulting from, arising out of, relating to, in the nature of, or caused by the breach (or the alleged breach).

Appears in 2 contracts

Samples: Regulation S Stock Purchase Agreement (Laserlock Technologies Inc), Regulation S Stock Purchase Agreement (Laserlock Technologies Inc)

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