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

Indemnification Provisions for Benefit of the Sellers. In the event Team breaches (or in the event any third party alleges in writing facts that, if true, would mean Team has breached) any of its representations, warranties, and covenants contained herein, then Team agrees to indemnify each of the Sellers from and against the entirety of any Adverse Consequences the Seller may suffer through and after the date of the claim for indemnification 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: Stock Purchase Agreement (Team Inc), Stock Purchase Agreement (Team Inc)

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Indemnification Provisions for Benefit of the Sellers. In the event Team breaches (or in the event any third party alleges in writing facts that, if true, would mean Team has breached) any of its representations, warranties, and covenants contained herein, then Team agrees to indemnify each of the Sellers from and against the entirety of any Adverse Consequences the Seller Sellers may suffer through and after the date of the claim for indemnification 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: Stock Purchase Agreement (Manuel E Patrick), Stock Restriction Agreement (Team Inc)

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