Common use of Indemnification Rights Clause in Contracts

Indemnification Rights. For the entire duration of the New Shareholders Agreements, each Party undertook to keep harmless and indemnified the other Parties from any liability which the latter may suffer as a result of such Party having (i) executed, or taken part in, directly or indirectly, also by means of Affiliates or related parties, any agreement whatsoever, also oral, concerning the Pirelli shares and/or (ii) caused the triggering of the obligation to launch any mandatory public tender offer on the Pirelli shares for each or all the other Parties as a consequence of (xx) the acquisition by such Party of Pirelli shares or (yy) the execution by such Party of agreements (whether voting or otherwise) with third parties.