Common use of Indemnities Clause in Contracts

Indemnities. The Borrowers shall indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 3 contracts

Sources: Credit Agreement (Signet Jewelers LTD), Credit Agreement (Signet Jewelers LTD), Credit Agreement (Signet Jewelers LTD)

Indemnities. The Borrowers shall In the event of any registration of Registrable Shares pursuant to this Section 5.3: (i) Puyi will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Fanhua Party and their respective Affiliates and theirany underwriter for such Fanhua Party, and their Affiliates’each person, branchesif any, directorswho controls the Fanhua Party or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with Puyi’s reasonable consent) to which the Fanhua Party or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) a violation of applicable securities laws by ▇▇▇▇, and ▇▇▇▇ will reimburse the Fanhua Party, such underwriter and each such controlling person of the Fanhua Party or the underwriter, promptly upon demand, for any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that Puyi will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a final non-appealable order Fanhua Party, such underwriter or such controlling persons specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of a court any of competent jurisdiction its due diligence obligations; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 5.3(d)(i) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Puyi, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the resignation transfer of securities by a selling shareholder. (ii) Each Fanhua Party participating in a registration hereunder will indemnify and hold harmless Puyi, each other Fanhua Party participating in such registration, any underwriter for Puyi, and each person, if any, who controls Puyi or such underwriter or such other Fanhua Party, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s reasonable consent) to which Puyi or any such controlling person and/or any such underwriter and/or such other Fanhua Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, the Collateral Agentnot misleading, the Swing Loan Lender and each such Fanhua Party will reimburse Puyi, each other Fanhua Party participating in such registration, any underwriter and each such controlling person of Puyi or any Issuerunderwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the replacement extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Fanhua Party specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) Puyi and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this Section 5.3(d)(ii) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the Commitments and consent of such Fanhua Party, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Fanhua Party exceed the other Obligations. Without limiting net proceeds from the offering received by such Fanhua Party. (iii) Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 5.3(d)(ii) or 5.3(d)(ii) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Sections 5.3(d)(ii) or 5.3(d)(ii), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 5.3(d)(ii) or 5.3(d)(ii) for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within 15 days after the notice of the commencement of the action, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. (iv) If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than any Taxes that represent losses, claims, damages, etcequitable considerations appropriate under the circumstances. arising In no event shall the liability of a Fanhua Party exceed the net proceeds from any non-Tax claimthe offering received by such Fanhua Party.

Appears in 3 contracts

Sources: Securities Exchange Agreement (Hu Yinan), Securities Exchange Agreement (Fanhua Inc.), Securities Exchange Agreement (Puyi, Inc.)

Indemnities. The Borrowers Borrower shall indemnify and hold harmless the AgentsAdministrative Agent, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (butbut limited, in the case of Attorney Costslegal fees and expenses, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionjurisdiction that is material to the interest of such Indemnitees, and solely in the case of an actual or potential a conflict of interest between Indemnitees (where the Indemnitee(s) Indemnitee affected by such conflict of interest informs has informed the Borrowers in writing Borrower of such conflict of interestconflict), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebythereby (including, without limitation, the reliance in good faith by any Indemnitee on any notice purportedly given by or on behalf of the Borrower), (ii) the Transaction, (iii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iiiiv) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowersBorrower, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the BorrowersBorrower, any Subsidiary or any other Loan Party, or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements (A) resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent Related Indemnified Person of such IndemniteeIndemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction or (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified PersonPerson of such Indemnitee, in each case of clauses (x) and (y), as determined by a final, non-non appealable judgment of a court of competent jurisdiction, jurisdiction or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Creditco-collateral agent, or arranger arranger, bookrunner or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers Borrower or any of their Affiliatesits Affiliates or (B) have been settled pursuant to any settlement arrangement entered into by the applicable Indemnitee or any Related Indemnified Persons of such Indemnitee, in each case, without the Borrower’s prior written consent (such consent not to be unreasonably withheld or delayed). To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law law or public policy, the Borrowers Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction)Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order determination of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment jurisdiction, if required pursuant to the express terms of this Section 12.4), shall be paid within twenty (20) Business Days after written demand therefor. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this This Section 12.4 shall not apply with respect to Taxes, Other Taxes, taxes covered by Section 3.4 or amounts excluded from the definition of Taxes pursuant to clauses (i) through (vii) of the first sentence of Section 3.1(a), which shall be governed by Section 3.1 or Section 3.4, except it shall apply to any taxes (other than any Taxes taxes imposed on or measured by net income (however denominated, and including branch profits and similar taxes), and franchise or similar taxes) that represent losses, claims, damages, etc. arising from any a non-Tax claimtax claim (including a value added tax or similar tax charged with respect to the supply of legal or other services).

Appears in 3 contracts

Sources: Credit Agreement (BJ's Wholesale Club Holdings, Inc.), Credit Agreement (BJ's Wholesale Club Holdings, Inc.), Credit Agreement (BJ's Wholesale Club Holdings, Inc.)

Indemnities. In the event of any registered offering of Common Stock pursuant to this Agreement (for purposes of this Section 7, holders of Other Registrable Shares shall also be referred to as “Holders” and “Registrable Shares” shall include Other Registrable Shares): 7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (a) any untrue statement or alleged untrue statement of any material fact contained in any registration statement or included in any prospectus, as amended or supplemented, or (b) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling stockholder, the underwriter or any controlling person of the selling stockholder or the underwriter, and regardless of any sale in connection with such offering by the selling stockholder. Such indemnity shall survive the transfer of securities by a selling stockholder. 7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling stockholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (a) any untrue or alleged untrue statement of any material fact contained in any registration statement or included in any prospectus, as amended or supplemented, or (b) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in a preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇. 7.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 7.1 or 7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 7.1 or 7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder except to the extent the indemnifying party is prejudiced as a result thereof. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 7.1 or 7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (a) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (b) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (c) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 7.4 In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which either (a) an indemnified party, exercising rights under this Agreement, makes a claim for indemnification pursuant to Section 7.1 or 3.1.2 but it is judicially determined (by the entry of a final non-appealable order of judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such Indemnitee was indemnification may not entitled to be enforced in such case notwithstanding the fact that this Section 7 provides for indemnification rights with respect to in such payment pursuant case, or (b) contribution under the Securities Act may be required on the part of any such indemnified party in circumstances for which indemnification is provided under this Section 7; then, and in each such case, the Company and such indemnified party will contribute to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent aggregate losses, claims, damagesdamages or liabilities to which they may be subject (after contribution from others) in such proportion so that such Holder is responsible for the portion represented by the percentage that the public offering price of its Registrable Shares offered by and sold under the registration statement bears to the public offering price of all securities offered by and sold under such registration statement, etc. arising and the Company and other selling Holders are responsible for the remaining portion; provided, however, that, in any such case: (i) no such Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Shares offered and sold by such Holder pursuant to such registration statement; (ii) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation; and (iii) no Holder shall be required to contribute any amount in excess of the amount such Holder would have been required to indemnify if indemnification had been applicable in accordance with its terms.

Appears in 3 contracts

Sources: Registration Rights Agreement (Outbrain Inc.), Share Purchase Agreement (Outbrain Inc.), Share Purchase Agreement (Outbrain Inc.)

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: a. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers and their respective Affiliates and theirInvestor, and their Affiliates’, branches, the directors, officers, partners, employees, agents, partnersrepresentatives or and each person, trustees or advisors and other representatives if any, who controls the Investor (collectively the each an IndemniteesIndemnitee”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which an Indemnitee may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse an Indemnitee, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Indemnitee; provided, further, that the indemnity agreement contained in this subsection 5(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. b. The Investor will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (butincluding any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and the Investor will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by the Investor specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 5(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Investor, which consent shall not be unreasonably withheld. c. Promptly after receipt by an indemnified party pursuant to the provisions of Sections 5(a) or 5(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 5(a) or 5(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 5(a) or 5(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee release from all liability in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender claim or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimlitigation.

Appears in 2 contracts

Sources: Registration Rights Agreement (Elbit Vision Systems LTD), Registration Rights Agreement (Elbit Vision Systems LTD)

Indemnities. The Borrowers shall a. SRIC agrees at its expense to defend, indemnify and hold harmless the AgentsICARUS, each Lender, each Issuer, the Arrangers and their its respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agentsand agents (collectively, partners, trustees or advisors and other representatives (collectively the “"ICARUS Indemnitees") from and against any and all liabilities, obligations, losses, damages, penaltiesliabilities, costs and expenses (including reasonable attorneys' fees) arising out of any claims, demandssuits or proceedings, actionswhatever their nature and however arising, judgmentsthat may be brought or made against any ICARUS Indemnitee (i) by reason of SRIC's material breach, suitsdefault, costsperformance, or nonperformance of this Agreement or by reason of SRIC's material breach of any representation or warranty contained herein (including the representations and warranties made in Section 1l(a)); or (ii) for any personal injury, product liability or other claim arising from SRIC's performance under this Agreement; provided, that (i) ICARUS notifies SRIC in writing within thirty (30) days of knowledge of the claim; (ii) SRIC has sole control of the defense and all settlement negotiations and the terms and conditions of any final settlement; and (iii) ICARUS provides SRIC with the assistance, information and authority necessary to perform SRIC's obligations under this Section. SRIC will reimburse the reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any ICARUS in providing such Indemnitee in any way relating assistance. SRIC's LIABILITY TO ICARUS UNDER THIS SECTION 12(a) SHALL BE SUBJECT TO THE LIMITATION OF LIABILITY CONTAINED IN SECTION 13. b. ICARUS agrees at its expense to or arising out of or in connection with (butdefend, in the case of Attorney Costsindemnify and hold harmless SRIC its respective officers, limited to the reasonable and documented out-of-pocket feesdirectors, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionemployees, and in the case of an actual or potential conflict of interest between Indemnitees agents (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, "SRIC Indemnitees") from and against all losses, damages, penaltiesliabilities, costs and expenses (including reasonable attorneys' fees) arising out of any claims, demandssuits or proceedings, actionswhatever their nature and however arising, judgmentsthat may be brought or made against any SRIC Indemnitee (i) by reason of ICARUS' material breach, suitsdefault, costsperformance, expenses or disbursements resulted from (x) the gross negligence, bad faith nonperformance of this Agreement or willful misconduct by reason of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a ICARUS' material breach of any obligations under any Loan Document by such Indemnitee representation or of any Related Indemnified Person, warranty contained herein (including the representations and warranties made in each case of clauses (x) and (ySection 1l(b), as determined by a final, non-appealable judgment of a court of competent jurisdiction, ); or (zii) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages personal injury, product liability or other claim arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due ICARUS' performance under this Section 12.4 shall be paid Agreement; provided, that (i) SRIC notifies ICARUS in writing within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation knowledge of the Administrative Agent, claim; (ii) ICARUS has sole control of the Collateral Agent, defense and all settlement negotiations and the Swing Loan Lender or any Issuer, the replacement terms and conditions of any Lenderfinal settlement; and (iii) SRIC provides ICARUS with the assistance, information and authority necessary to perform ICARUS' obligations under this Section. ICARUS will reimburse the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligationsreasonable out-of-pocket expenses incurred by SRIC in providing such assistance. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimICARUS' LIABILITY TO SRIC UNDER THIS SECTION 12(b) SHALL BE SUBJECT TO THE LIMITATION OF LIABILITY CONTAINED IN SECTION 13.

Appears in 2 contracts

Sources: Marketing and Product Development Agreement (Icarus International Inc), Marketing and Product Development Agreement (Icarus International Inc)

Indemnities. In the event of any registered offering of Ordinary Stock pursuant to this Section 3: 3.8.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 3.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 3.8.2 Each Holder participating in a registration hereunder, severally and not jointly, will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (butincluding any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 3.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 3.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.8.1 or 3.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 3.8.1 or 3.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3.8.1 or 3.8.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement that does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 3.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity parties entitled to indemnification by the terms thereof shall not, be entitled to contribution to liabilities and expenses as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)registration. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant to which the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agentclaim was asserted, the Collateral Agentopportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimcircumstances.

Appears in 2 contracts

Sources: Investors’ Rights Agreement, Investors’ Rights Agreement (Borderfree, Inc.)

Indemnities. (a) The Borrowers shall Seller hereby agrees to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branchesPurchaser (including its officers, directors, officersshareholders, employees, agentscounsel, partnersrepresentatives, trustees or advisors subsidiaries and other representatives (collectively affiliates, if any), and the “Indemnitees”) Company and its subsidiaries, if any, from and against any and all liabilities, obligations, losses, damages, penalties, claims, demandslosses and expenses (including reasonable attorneys' fees and expenses) (collectively, actions"Damages") actually suffered or paid by any of such persons as a result of the breach of this Agreement, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, including but not limited to any representation or warranty made by any Seller or the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole Company in each relevant jurisdiction, and in the case of an actual this Agreement or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesthis Agreement. To the extent that the Seller's undertakings to indemnify and hold harmless as set forth in this Section 12.4 7.2(a) may be unenforceable in whole or in part because they are violative of any applicable Law or public policyunenforceable, the Borrowers Seller shall contribute the maximum portion amount that it is they are permitted to pay and satisfy contribute under applicable Law law to the payment and satisfaction of all Indemnified Liabilities Damages incurred by the Indemnitees parties entitled to indemnification hereunder. (b) Purchaser hereby agrees to indemnify and hold harmless the Seller (including their counsel and representatives) against Damages actually suffered or paid by Seller as a result of the breach of this Agreement, including but not limited to any of them. No Indemnitee shall be liable for any damages arising from representation or warranty made by the use by others of any information Purchaser in this Agreement or other materials obtained through IntraLinks or other similar information transmission systems in connection with the transactions contemplated in this Agreement. To the extent that the Purchaser' undertakings set forth in this Section 7.2(b) may be unenforceable, the Purchaser and the Company shall contribute the maximum amount that they are permitted to contribute under applicable law to the payment and satisfaction of all Damages incurred by the parties entitled to indemnification hereunder. (c) Any party seeking indemnification under this Article VII (an "Indemnified Party") shall give each party from whom indemnification is being sought (each, an "Indemnifying Party") notice of any matter for which such Indemnified Party is seeking indemnification, stating the amount of the Damages, if known, and method of computation thereof, and containing a reference to the provisions of this Agreement (other than damages in respect of which such right of indemnification is claimed or arises. The obligations of an Indemnifying Party under this Article VII with respect to Damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or any claims of any affiliatethird party which are subject to the indemnification provided for in this Article VII (collectively, director"Third Party Claims") shall be governed by and contingent upon the following additional terms and conditions: (i) if an Indemnified Party shall receive, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case initial notice of any Loan PartyThird Party Claim, the Indemnified Party shall give the Indemnifying Party notice of such Third Party Claim within such time frame as is necessary to allow for a timely response and in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid event within thirty (30) days after written demand therefor ;of the receipt by the Indemnified Party of such notice; provided, however, that the failure to provide such Indemnitee timely notice shall promptly refund such amount not release the Indemnifying Party from any of its obligations under this Article VII except to the extent the Indemnifying Party is materially prejudiced by such failure; (ii) the Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim at its expense and through counsel of its choice if it gives notice of its intention to do so to the Indemnified Party within thirty (30) days of the receipt of such notice from the Indemnified Party; provided, however, that if there exists or is reasonably likely to exist a final non-appealable order conflict of interest that would make it inappropriate in the judgment of the Indemnified Party (upon advice of counsel) for the same counsel to represent both the Indemnified Party and the Indemnifying Party, then the Indemnified Party shall be entitled to retain its own counsel, at the expense of the Indemnifying Party, provided that the Indemnified Party and such counsel shall contest such Third Party Claims in good faith; (iii) in the event the Indemnifying Party exercises the right to undertake any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party, at the Indemnifying Party's expense, all witnesses, pertinent records, materials and information in the Indemnified Party's possession or under the Indemnified Party's control relating thereto as is reasonably required by the Indemnifying Party; (iv) in the event the Indemnified Party is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and make available to the Indemnified Party, at the Indemnifying Party's expense, all such witnesses, records, materials and information in the Indemnifying Party's possession or under the Indemnifying Party's control relating thereto as is reasonably required by the Indemnified Party; (v) the Indemnifying Party shall not, without the written consent of the Indemnified Party, (1) settle or compromise any Third Party Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the delivery by the claimant or plaintiff to the Indemnified Party of a court written release from all liability in respect of competent jurisdiction such Third Party Claim, or (2) settle or compromise any Third Party Claim in any manner that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to may adversely affect the express terms of this Section 12.4. The agreements Indemnified Party; and (vi) no Third Party Claim which is being defended in good faith by the Indemnifying Party or which is being defended by the Indemnified Party as provided above in this Section 12.4 7.2(c) shall survive be settled by the resignation Indemnified Party without the written consent of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimIndemnifying Party.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Compliance Systems Corp), Stock Purchase Agreement (Compliance Systems Corp)

Indemnities. If any Registrable Shares are included in a registration statement pursuant to this Agreement: 5.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers and their respective Affiliates and theirHolder, any underwriter (as defined in the Securities Act) for the Holder, and their Affiliates’each person, branchesif any, directors, officers, employees, agents, partners, trustees who controls the Holder or advisors and other representatives such underwriter (collectively and individually referred to as the “IndemniteesIndemnified Party) ), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company’s consent, which consent will not be unreasonably withheld) to which such Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) are based upon (i) the execution, delivery, enforcement, performance any untrue statement or administration alleged untrue statement of any Loan Document material fact contained in the registration statement or any other agreementincluded in the prospectus, letter as amended or instrument delivered supplemented (including, in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebyeach case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), (ii) any Commitmentthe omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, Loan or Letter of Credit or the use or proposed use in light of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented circumstances in connection with such demand do which they are made, not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any Subsidiary rules or regulations promulgated thereunder, and the Company will reimburse each Indemnified Party, promptly upon demand, for any reasonable legal or any other Loan expenses incurred by them in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost, or expense arises out of or is based upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the Company by the Indemnified Party, in writing, specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Section 5.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability, or action if such settlement is effected without the Company’s consent, which consent will not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any Environmental Liabilities arising investigation made by or on behalf of the Indemnified Party, and regardless of any sale in connection with such offering by the Holder. Such indemnity shall survive the transfer of securities by the Holder. 5.2. The Holder will indemnify and hold harmless, to the fullest extent permitted by law, the Company, the Company, its officers, directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter (collectively and individually, the “Indemnifiable Parties”), from and against any and all losses, damages, claims, liabilities, costs, or expenses (including any amount paid in any settlement effected with the Holder’s consent, which consent will not be unreasonably withheld) to any Indemnifiable Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities or actions or proceedings in respect thereof, costs, or expense arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the activities registration statement or operations included in the prospectus, as amended or supplemented, including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the Borrowerscircumstances in which they are made, not misleading, and the Holder will reimburse each Indemnifiable Party, promptly upon demand, for any Subsidiary reasonable legal or other expenses incurred by such Indemnifiable Party in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, action, or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by the Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement), or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective in the final prospectus, such indemnity agreement shall not inure to the benefit of (a) the Company, and (b) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim, or damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section 5.2 shall not apply to amounts paid in settlement of any such claim loss, damage, liability, or action if such settlement is effected without the consent of the Holder, as the case may be, which consent shall not be unreasonably withheld; and provided, further, that the maximum amount of liability in respect of such indemnification shall be limited, in the case of the Holder, to an amount equal to the net proceeds actually received by the Holder from the sale of Registrable Shares sold pursuant to such registration. 5.3. Promptly after receipt by an Indemnified and/or Indemnifiable Party pursuant to the provisions of Section 5.1 or 5.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such Indemnified and/or Indemnifiable Party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 5.1 or 5.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party shall only relieve it from any liability which it may have to any Indemnified and/or Indemnifiable Party to the extent that such indemnifying party has been damaged by such omission to notify hereunder. In case such action is brought against any Indemnified and/or Indemnifiable party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other Loan indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such Indemnified or Indemnifiable Party; provided, however, that if the defendants in any action include both the Indemnified or Indemnifiable Party and the indemnifying party and if in the reasonable judgment of the Indemnified or Indemnifiable party there are separate defenses that are available to the Indemnified or Indemnifiable party or there is a conflict of interest which would prevent counsel for the indemnifying party from also representing the Indemnified or Indemnifiable party, the Indemnified or Indemnifiable Party(ies) shall have the right to select, at the expense of the indemnifying party, separate counsel to participate in the defense of such action; provided, further, however, that if the Holder is the Indemnified Party, the Holder shall be entitled to one (1) separate counsel at the expense of the Company and if underwriters are also Indemnified parties who are entitled to counsel separate from the indemnifying party, then all underwriters as a group shall be entitled to one (1) separate counsel at the expense of the Company. After notice from the indemnifying party of its election so to assume the defense thereof, the indemnifying party will not be liable to such Indemnified or Indemnifiable Party pursuant to the provisions of said Section 5.1 or 5.2 above for any legal or other expense subsequently incurred by such Indemnified or Indemnifiable Party in connection with the defense thereof, unless (i) the Indemnified or Indemnifiable Party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the Indemnified or Indemnifiable Party to represent the same within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the Indemnified or Indemnifiable Party’s intention to employ separate counsel pursuant to the previous sentence, (iii) the indemnifying party has authorized the employment of counsel for the Indemnified or Indemnifiable Party at the expense of the indemnifying party, or (iv) any actual the indemnifying party has authorized the employment of counsel but such party or prospective claim, litigation, investigation or proceeding relating counsel fails to any of vigorously defend the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense action. No indemnifying party will consent to entry of any pending judgment or threatened claimenter into any settlement, investigationwhich does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified or Indemnifiable Party of a release from all liability in respect to such claim or litigation. 5.4. If recovery is not available under the foregoing indemnification provisions, litigation or proceeding) and regardless of whether for any Indemnitee is a party thereto (all the foregoing, collectivelyreason other than as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, as parties entitled to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred indemnification by the Indemnitees or any of them. No Indemnitee terms thereof shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating entitled to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee contribution to a third party)liabilities and expenses. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant which the right to indemnification was asserted, the express terms opportunity to correct and prevent any statement or omission, and any other equitable consideration appropriate under the circumstances. In no event shall any party that is found liable for fraudulent misrepresentation within the meaning of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 1(f) of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect Securities Act be entitled to Taxes other than any Taxes that represent losses, claims, damages, etc. arising contribution hereunder from any non-Tax claimparty not found so liable.

Appears in 2 contracts

Sources: Voting Agreement (Nur Macroprinters LTD), Registration Rights Agreement (Nur Macroprinters LTD)

Indemnities. In the event of any registered offering of Registrable Shares pursuant to this Agreement: 7.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon either: (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading; and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third- party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; and further provided, that the indemnity agreement contained in this Section 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder, the underwriter or any controlling person of the Holder or the underwriter, and regardless of any sale in connection with such offering by the Holder. Such indemnity shall survive the transfer of securities by a Holder. 7.2. Each Holder participating in a registration hereunder will indemnify and hold harmless the Company, its officers and directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on either: (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; and each such Holder will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, or (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, however, that the indemnity agreement contained in this Section 7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the gross proceeds from the offering received by such Holder. 7.3. Promptly after receipt by an indemnified Party pursuant to the provisions of Section 7.1 or 7.2 above of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified Party will, if a claim thereof is to be made against the indemnifying Party pursuant to the provisions of said Section 7.1 or 7.2, promptly notify the indemnifying Party of the commencement thereof. The failure to deliver written notice to the indemnifying Party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying Party of any liability to the indemnified Party under this Section 7. In case such action is brought against any indemnified Party and it notifies the indemnifying Party of the commencement thereof, the indemnifying Party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying Party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified Party; provided, however, that if the defendants in any action include both the indemnified Party and the indemnifying Party and there is a final non-appealable order conflict of interests which would prevent counsel for the indemnifying Party from also representing the indemnified Party, the indemnified Party or Parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified Party or Parties. After notice from the indemnifying Party to such indemnified Party of its election so to assume the defense thereof, the indemnifying Party will not be liable to such indemnified Party pursuant to the provisions of said Section 7.1 or 7.2 for any legal or other expense subsequently incurred by such indemnified Party in connection with the defense thereof, unless: (i) the indemnified Party shall have employed counsel in accordance with the provision of the preceding sentence; (ii) the indemnifying Party shall not have employed counsel reasonably satisfactory to the indemnified Party to represent the indemnified Party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified Party’s intention to employ separate counsel pursuant to the previous sentence; or (iii) the indemnifying Party has authorized the employment of counsel for the indemnified Party at the expense of the indemnifying Party. No indemnifying Party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified Party of a court of competent jurisdiction that release from all liability in respect to such Indemnitee was claim or litigation. 7.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the Parties entitled to indemnification rights by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective Parties are entitled, there shall be considered the Parties’ relative knowledge and access to information concerning the matter with respect to such payment pursuant which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. 7.5. Notwithstanding the foregoing, to the express terms of this Section 12.4. The agreements extent that the provisions on indemnification and contribution contained in this Section 12.4 shall survive the resignation of underwriting agreement entered into in connection with the Administrative Agentunderwritten public offering are in conflict with the foregoing provisions, the Collateral Agent, provisions in the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 underwriting agreement shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimcontrol.

Appears in 2 contracts

Sources: Share Purchase Agreement (Camtek LTD), Share Purchase Agreement (Camtek LTD)

Indemnities. The Borrowers Borrower shall indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (butbut limited, in the case of Attorney Costslegal fees and expenses, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionjurisdiction that is material to the interest of the Lenders, and solely in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such a conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Revolving Credit Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowersBorrower, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the BorrowersBorrower, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, Indemnitee or (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-non appealable judgment of a court of competent jurisdiction, jurisdiction or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, agent or arranger or any similar role under the Facilities Facility and other than any claims arising out of any act or omission of Holdings, the Borrowers Borrower or any of their its Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law law or public policy, the Borrowers Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction)Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty twenty (3020) days Business Days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4therefor. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.12.4

Appears in 2 contracts

Sources: Credit Agreement (Chinos Holdings, Inc.), Credit Agreement (J Crew Group Inc)

Indemnities. In the event of any registration of the Registrable Securities pursuant to a Holder’s exercise of its Registration Rights: 3.3.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, each person, if any, who controls the Holder and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder Indemnified Party specifically for inclusion in the Registration Statement; provided, further, that the indemnity agreement contained in this subsection 3.3.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 3.3.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such H▇▇▇▇▇ and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and, severally not jointly, will indemnify and hold harmless the AgentsCompany, any other person participating in the distribution, each Lenderperson, if any, who controls the Company or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable costs or expenses arise solely and documented out-of-pocket expenses and disbursements directly from (i) any untrue or alleged untrue statement of any kind material fact contained in the Registration Statement or nature whatsoever included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which may at they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such H▇▇▇▇▇, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any time be imposed on, reasonable legal or other expenses incurred by or asserted against any such Indemnitee in any way relating to or arising out of or them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 3.3.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the aggregate amounts payable by any Holder by way of indemnity under this subsection 3.3.2, or contribution under subsection 3.3.4, exceed the net proceeds received by such Holder from the offering of Registrable Securities in connection with which a claim for indemnification or contribution by a Company Indemnified Party has been brought. 3.3.3 Promptly after receipt by an indemnified party pursuant to the provisions of subsections 3.3.1 or 3.3.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said subsections 3.3.1 or 3.3.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said subsections 3.3.1 or 3.3.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 3.3.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. 3.3.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising subsection 3.5 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 2 contracts

Sources: Investors’ Rights Agreement (Selina Hospitality PLC), Investors' Rights Agreement (Selina Hospitality PLC)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Agreement: 6.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers Holder, the officers and their respective Affiliates directors of the Holder and theirany underwriter for the Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder or any such officers and directors of the Holder, underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements arise out of are based upon (i) any untrue statement or alleged untrue statement of any kind material fact contained in the registration statement or nature whatsoever included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be started therein or necessary to make the statement therein, in the light of the circumstances in which may at they are made, not misleading, and the Company will reimburse the Holder, such officers and directors of the Holder, such underwriter, and each such controlling person of the Holder or the underwriter, promptly upon demand, for any time be imposed on, reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend, or asserted against defending against, or appearing as a third-party witness in connection with such loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not be liable in any such Indemnitee in case to the extent that any way relating to such loss, damage, liability, cost, or arising expense arises solely out of or is based solely upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the Company in writing by the Holder, such underwriter, or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Sub-Section 6.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability, or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder, the officers and directors of the Holder, the underwriter, or any controlling person of the Holder or the underwriter, and regardless of any sale in connection with such offering by the Holder. Such indemnity shall survive the transfer of securities by a Holder. 6.2 The Holder participating in a registration hereunder will indemnify and hold harmless the Company, the officers and directors of the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs, or expenses (butincluding any amount paid in any settlement effected with the Holder's consent) to which the Company, the officers and directors of the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs, or expense arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and the Holder will reimburse the Company, the officers and directors of the Company, any underwriter, and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, action, or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished in a certificate by the Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole andit relates to any such untrue statement (or alleged untrue statement), if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim, or administration damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this Sub-Section 6.2 shall not apply to amounts paid in settlement of any such claim loss, damage, liability, or action if such settlement is effected without the consent of the Holder, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of the Holder exceed the gross proceeds from the offering received by the Holder. 6.3 Promptly after receipt by an indemnified party pursuant to the provisions of Section 6.1 or 6.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 6.1 or 6.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party shall only relieve it from any liability which it may have to any indemnified party to the extent that such indemnifying party has been damaged by such omission to notify hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and if in the reasonable judgment of the indemnified party there are separate defenses that are available to the indemnified party or instrument delivered there is a conflict of interest which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select, at the expense of the indemnifying party, separate counsel to participate in the defense of such action on behalf of such indemnified party or parties; provided, further, however, that if the Holder are the indemnified party, the Holder shall be entitled to one separate counsel at the expense of the Company and if underwriters are also indemnified parties who are entitled to counsel separate from the indemnifying party, then all underwriters as a group shall be entitled to one separate counsel at the expense of the Company. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Section 6.1 or 6.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 6.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, as parties entitled to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred indemnification by the Indemnitees or any of them. No Indemnitee terms thereof shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating entitled to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee contribution to a third party)liabilities and expenses. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties' relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant which was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable consideration appropriate under the express terms circumstances. In no event shall any party that is found liable for fraudulent misrepresentation within the meaning of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 1(f) of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect Securities Act be entitled to Taxes other than any Taxes that represent losses, claims, damages, etc. arising contribution hereunder from any non-Tax claimparty not found so liable, and in no event shall any contribution from the Holder be more than the gross proceeds that it receives from the offering .

Appears in 2 contracts

Sources: Registration Rights Agreement (Nur Macroprinters LTD), Registration Rights Agreement (Nur Macroprinters LTD)

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: a. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each IssuerInvestor, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, partners, employees, agents, partnersrepresentatives or and each Person, trustees or advisors and other representatives if any, who controls any Investor (collectively the each an IndemniteesIndemnitee”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which an Indemnitee may become subject under applicable law, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse an Indemnitee, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Indemnitee; provided, further, that the indemnity agreement contained in this subsection 6(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. b. Each Investor will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (butincluding any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each Investor will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Investor specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 6(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of such Investor, which consent shall not be unreasonably withheld. c. Promptly after receipt by an indemnified party pursuant to the provisions of Sections 6(a) or 6(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 6(a) or 6(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 6(a) or 6(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee release from all liability in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of claim or litigation. d. The indemnification required by this Section 12.4. The agreements in this Section 12.4 6 shall survive the resignation be made by periodic payments of the Administrative Agent, amount thereof during the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination course of the Commitments investigation or defense, as and the repayment, satisfaction when bills are received or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimIndemnified Damages are incurred.

Appears in 2 contracts

Sources: Registration Rights Agreement (Elbit Vision Systems LTD), Registration Rights Agreement (Elbit Vision Systems LTD)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment Holder. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 2 contracts

Sources: Investors’ Rights Agreement (Taboola.com Ltd.), Investors’ Rights Agreement (Taboola.com Ltd.)

Indemnities. (a) The Borrowers shall Sellers hereby agrees to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branchesPurchaser (including its officers, directors, officersshareholders, employees, agentscounsel, partnersrepresentatives, trustees or advisors subsidiaries and other representatives (collectively affiliates, if any), and the “Indemnitees”) Company and its subsidiaries, if any, from and against any and all liabilities, obligations, losses, damages, penalties, claims, demandslosses and expenses (including reasonable attorneys' fees and expenses) (collectively, actions"Damages") actually suffered or paid by any of such persons as a result of the breach of this Agreement, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, including but not limited to any representation or warranty made by any Sellers or the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole Company in each relevant jurisdiction, and in the case of an actual this Agreement or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesthis Agreement. To the extent that the Sellers' undertakings to indemnify and hold harmless as set forth in this Section 12.4 7.2(a) may be unenforceable in whole or in part because they are violative of any applicable Law or public policyunenforceable, the Borrowers Sellers shall contribute the maximum portion amount that it is they are permitted to pay and satisfy contribute under applicable Law law to the payment and satisfaction of all Indemnified Liabilities Damages incurred by the Indemnitees parties entitled to indemnification hereunder. (b) Purchaser hereby agrees to indemnify and hold harmless the Sellers (including their counsel and representatives) against Damages actually suffered or paid by Sellers as a result of the breach of this Agreement, including but not limited to any of them. No Indemnitee shall be liable for any damages arising from representation or warranty made by the use by others of any information Purchaser in this Agreement or other materials obtained through IntraLinks or other similar information transmission systems in connection with the transactions contemplated in this Agreement. To the extent that the Purchaser' undertakings set forth in this Section 7.2(b) may be unenforceable, the Purchaser and the Company shall contribute the maximum amount that they are permitted to contribute under applicable law to the payment and satisfaction of all Damages incurred by the parties entitled to indemnification hereunder. (c) Any party seeking indemnification under this Article VII (an "Indemnified Party") shall give each party from whom indemnification is being sought (each, an "Indemnifying Party") notice of any matter for which such Indemnified Party is seeking indemnification, stating the amount of the Damages, if known, and method of computation thereof, and containing a reference to the provisions of this Agreement (other than damages in respect of which such right of indemnification is claimed or arises. The obligations of an Indemnifying Party under this Article VII with respect to Damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or any claims of any affiliatethird party which are subject to the indemnification provided for in this Article VII (collectively, director"Third Party Claims") shall be governed by and contingent upon the following additional terms and conditions: (i) if an Indemnified Party shall receive, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case initial notice of any Loan PartyThird Party Claim, the Indemnified Party shall give the Indemnifying Party notice of such Third Party Claim within such time frame as is necessary to allow for a timely response and in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid event within thirty (30) days after written demand therefor ;of the receipt by the Indemnified Party of such notice; provided, however, that the failure to provide such Indemnitee timely notice shall promptly refund such amount not release the Indemnifying Party from any of its obligations under this Article VII except to the extent the Indemnifying Party is materially prejudiced by such failure; (ii) the Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim at its expense and through counsel of its choice if it gives notice of its intention to do so to the Indemnified Party within thirty (30) days of the receipt of such notice from the Indemnified Party; provided, however, that if there exists or is reasonably likely to exist a final non-appealable order conflict of interest that would make it inappropriate in the judgment of the Indemnified Party (upon advice of counsel) for the same counsel to represent both the Indemnified Party and the Indemnifying Party, then the Indemnified Party shall be entitled to retain its own counsel, at the expense of the Indemnifying Party, provided that the Indemnified Party and such counsel shall contest such Third Party Claims in good faith; (iii) in the event the Indemnifying Party exercises the right to undertake any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party, at the Indemnifying Party's expense, all witnesses, pertinent records, materials and information in the Indemnified Party's possession or under the Indemnified Party's control relating thereto as is reasonably required by the Indemnifying Party; (iv) in the event the Indemnified Party is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and make available to the Indemnified Party, at the Indemnifying Party's expense, all such witnesses, records, materials and information in the Indemnifying Party's possession or under the Indemnifying Party's control relating thereto as is reasonably required by the Indemnified Party; (v) the Indemnifying Party shall not, without the written consent of the Indemnified Party, (1) settle or compromise any Third Party Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the delivery by the claimant or plaintiff to the Indemnified Party of a court written release from all liability in respect of competent jurisdiction such Third Party Claim, or (2) settle or compromise any Third Party Claim in any manner that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to may adversely affect the express terms of this Section 12.4. The agreements Indemnified Party; and (vi) no Third Party Claim which is being defended in good faith by the Indemnifying Party or which is being defended by the Indemnified Party as provided above in this Section 12.4 7.2(c) shall survive be settled by the resignation Indemnified Party without the written consent of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimIndemnifying Party.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Compliance Systems Corp), Stock Purchase Agreement (Compliance Systems Corp)

Indemnities. The Borrowers 20.1 Marconi shall indemnify and hold harmless each of Ultramast and RTS or the AgentsNew Party (as defined in the Form of Deed of Adherence in Schedule 7) and, each Lenderto the extent applicable, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesactual costs, claims, demandsdemands and expenses (including reasonable legal costs and expenses) of whatever nature incurred or suffered by it, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation action or proceeding relating to any taken or issued by or on behalf of the foregoingBritish Waterways (or its predecessors) against Ultramast, whether based on contractRTS, tort Marconi or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available Marconi plc solely to the extent that such liabilitiesclaim, obligationsaction or proceeding is in respect of a letter dated 26th April, losses2001 from Marconi plc to British Waterways or in connection with the relationship between Marconi plc and British Waterways created by that letter (a "BW CLAIM"), damagesprovided always that: 20.1.1 Ultramast and/or RTS (as the case may be) shall promptly, penaltiesand in any event within seven days, claimsnotify Marconi in writing of any BW Claim of which it becomes aware; 20.1.2 Marconi shall, demandsat its expense, actionsbe entitled to have the conduct of and/or settle all negotiations and litigation arising from any BW Claim to the extent that such negotiations and litigation relate to the BW Claim; 20.1.3 Ultramast and/or RTS shall, judgmentsand shall procure so far as they are able that their Affiliates shall, suitsat Marconi's request and with Marconi reimbursing Ultramast, costsRTS and/or any Affiliate (as the case may be) for all costs and expenses (including reasonable legal costs and expenses) reasonably incurred, expenses give Marconi all assistance reasonably requested by Marconi (including, without limitation, giving access to such employees, documents and records as Marconi may reasonably require provided that such access would not result in RTS and/or Ultramast and/or their respective Affiliates waiving or disbursements resulted from (x) losing the gross negligence, bad faith or willful misconduct benefit of any legal privilege they would otherwise have in respect of such Indemnitee or of any affiliateemployees, directordocuments and records); 20.1.4 if a BW Claim does not include RTS, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers Ultramast or any of their AffiliatesAffiliates as a named party to any such claim, action or proceeding, Marconi shall not be obliged to pay the costs, claims, demands or expenses of Ultramast, RTS and/or any of their Affiliates unless it has first received notification of the intention to incur such amounts and Marconi has given its prior written consent to the incurrence of such amounts (such consent not to be unreasonably withheld or delayed); 20.1.5 neither Ultramast nor RTS shall make any admission of liability or agree to any settlement or compromise of any BW Claim or incur any costs or expenses in relation to a BW Claim except with the prior written consent of Marconi; 20.1.6 the Liquidators will, while Marconi has conduct of claims as contemplated in this sub-clause 20.1, be kept fully informed of the process and progress of any such negotiation and/or litigation and will be permitted reasonable access to the legal counsel(s) conducting such negotiation and/or litigation for or on behalf of Marconi; and 20.1.7 the total aggregate liability of Marconi under this sub-clause 20.1 shall not exceed L10,000,000. 20.2 RTS, Marconi and Ultramast shall use their respective reasonable endeavours to procure, insofar as they are respectively able, that Ente ▇▇▇▇▇ Acquedottie e Fognature ("ESAF") agrees to the termination of an agreement dated 30th July, 2002 between ESAF and Ultramast (the "CONVENTION") without any liability on the part of Ultramast. To In using their respective reasonable endeavours to procure termination of the extent that Convention, none of RTS, Marconi or Ultramast shall make any payment to ESAF without the undertakings prior written consent of both RTS and Marconi (such consent not to be unreasonably withheld). RTS, Marconi and Ultramast shall consult each other with regard to actions to be taken to achieve such termination, and shall co-operate with each other in good faith with a view to securing, insofar as the parties are respectively able, such termination prior to Completion. 20.3 If such termination in a manner reasonably satisfactory to both RTS and Marconi (the "REQUIRED TERMINATION") is not achieved prior to Completion and Ultramast is required to pay any sum to ESAF (other than sums specifically provided for in respect of ESAF in the witness statement prepared in connection with the Capital Reduction) in respect of the Convention or any leases required to be entered into pursuant to it, including as a result of breach or otherwise non-compliance with the terms of the Convention (an "ESAF PAYMENT"), Marconi shall indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction RTS against 50 per cent. of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligencesuch ESAF Payments, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.provided always that:

Appears in 2 contracts

Sources: Settlement Deed (Marconi Corp PLC), Settlement Deed (Marconi PLC)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 1: 1.4.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, any Holder whose Registrable Securities are included in the registration and each Lenderperson, each Issuerif any, who controls the Arrangers and their respective Affiliates and theirHolder, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, and reasonable costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and the Company will reimburse the Holder and each such controlling person of the Holder, promptly upon written demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable to any Holder or controlling person in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder or such controlling persons claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this Section 1.4.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Holder or any controlling person of the selling Holder, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the transfer of securities by a selling Holder. 1.4.2. As a condition precedent to the Company's obligations under this Section 1, each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder, the Registrable Securities held by it, and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the Company (butand each of its directors and officers), any underwriter for the Company, any other person participating in the distribution and each person, if any, who controls the Company, such underwriter, or such other person from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling Holder's consent) to which the Company (and each of its directors and officers) or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company (and each of its directors and officers), any underwriter, any other person participating in the distribution and each such controlling person of the Company, any underwriter or other person, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity shall be individual and documented out-of-pocket feesseveral (and not joint or joint and several) by each Holder. The foregoing indemnity is also subject to the condition that, disbursements and other charges of one counsel insofar as it relates to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebyCompany, (ii) any Commitmentunderwriter and any person, Loan or Letter of Credit if any, controlling the Company or the use or proposed use underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section 1.4.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds therefrom (including any refusal from the offering received by such Holder. 1.4.3. Promptly after receipt by an Issuer indemnified party pursuant to honor the provisions of Sections 1.4.1 or 1.4.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a demand for payment under a Letter claim thereof is to be made against the indemnifying party pursuant to the provisions of Credit Sections 1.4.1 or 1.4.2, promptly notify the indemnifying party of the commencement thereof; however, the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party hereunder, unless such omission is materially prejudicial to the indemnifying party's ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the documents presented defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 1.4.1 or 1.4.2 for any legal or other expense subsequently incurred by such indemnified party in connection with such demand do not strictly comply the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the terms provision of such Letter the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of Credit)the commencement of the action and within 15 days after written notice of the indemnified party's intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 1.4.4. If recovery is not available under the foregoing indemnification provisions, for any Subsidiary reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties' relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other Loan Party, or any Environmental Liabilities arising out equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the activities or operations of net proceeds from the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of offering received by such Holder. 1.4.5. Notwithstanding the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, provisions on indemnification and contribution contained in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems underwriting agreement entered into in connection with this Agreement (other than damages arising from the gross negligenceunderwritten public offering are in conflict with the foregoing provisions, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, provisions in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity underwriting agreement shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimprevail.

Appears in 2 contracts

Sources: Registration Rights Agreement (Novume Solutions, Inc.), Registration Rights Agreement (Novume Solutions, Inc.)

Indemnities. If any Registrable Shares are included in a registration statement pursuant to this Agreement: 6.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each LenderHolder, each Issuer, any underwriter (as defined in the Arrangers and their respective Affiliates and theirSecurities Act) for such Holder, and their Affiliates’each person, branchesif any, directors, officers, employees, agents, partners, trustees who controls such Holder or advisors and other representatives such underwriter (collectively and individually referred to as the “Indemnitees”) "Indemnified Party"), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company’s consent, which consent will not be unreasonably withheld) to which such Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements arise out of are based upon (i) any untrue statement or alleged untrue statement of any kind material fact contained in the registration statement or nature whatsoever included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which may at they are made, not misleading or (iii) any time be imposed onviolation or alleged violation by the Company of the Securities Act or the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or any rules or regulations promulgated thereunder, and the Company will reimburse each Indemnified Party, promptly upon demand, for any reasonable legal or any other expenses incurred by or asserted against any such Indemnitee in any way relating to or arising out of or them in connection with (butinvestigating, in the case of Attorney Costspreparing to defend, limited to the reasonable and documented out-of-pocket feesor defending against, disbursements and other charges of one counsel to all Indemnitees taken or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not strictly comply be liable in any such case to the extent that any such loss, damage, liability, cost, or expense arises solely out of or is based solely upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the terms Company by the Indemnified Party, in writing, specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Section 6.1 shall not apply to amounts paid in settlement of any such Letter claim, loss, damage, liability, or action if such settlement is effected without the Company’s consent, which consent will not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of Creditany investigation made by or on behalf of the Indemnified Party, and regardless of any sale in connection with such offering by such Holder. Such indemnity shall survive the transfer of securities by a Holder. 6.2. Each Holder participating in a registration hereunder will indemnify and hold harmless the Company its Executive Officers, Directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter (collectively and individually, the "Indemnifiable Parties"), from and against any and all losses, damages, claims, liabilities, costs, or expenses (including any amount paid in any settlement effected with such Holder’s consent, which consent will not be unreasonably withheld) to any Indemnifiable Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs, or expense arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the Borrowers, any Subsidiary Company of the Securities Act or any other Loan Partythe Securities and Exchange Act, or any Environmental Liabilities arising out of the activities rules or operations of the Borrowers, any Subsidiary or any other Loan regulations promulgated thereunder and such Holder will reimburse each Indemnifiable Party, promptly upon demand, for any reasonable legal or (iv) any actual other expenses incurred by such Indemnifiable Party in connection with investigating, preparing to defend, or prospective defending against, or appearing as a third-party witness in connection with such loss, claim, litigationdamage, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation foraction, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (x) and (yor alleged untrue statement), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers (or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Datealleged omission) (other than, made in the case of any Loan Party, preliminary prospectus but eliminated or remedied in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which amended prospectus at the indemnity time the registration statement becomes effective in this Section 12.4 appliesthe final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim, or damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be effective whether or not such investigation, litigation or proceeding is brought by deemed to relieve any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not underwriter of any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts its due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;diligence obligations; provided, howeverfurther, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.this

Appears in 2 contracts

Sources: Warrant Agreement (Nur Macroprinters LTD), Warrant Agreement (Nur Macroprinters LTD)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment Holder. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 2 contracts

Sources: Investors’ Rights Agreement (REE Automotive Ltd.), Investors’ Rights Agreement (REE Automotive Ltd.)

Indemnities. (a) The Borrowers Borrower hereby agrees to indemnify the Lender on demand against any loss or expense which the Lender or a branch or an Affiliate of the Lender may sustain or incur as a consequence of: (i) any default in payment or prepayment of the principal amount of any Revolving Advance made to it or any portion thereof or interest accrued thereon, as and when due and payable (at the due date thereof, by irrevocable notice of payment or prepayment, or otherwise); (ii) the effect of the occurrence of any Event of Default upon any Revolving Advance made to it; (iii) the payment or prepayment of the principal amount of any Revolving Advance made to it or any portion thereof, on any day other than a Funding Date; or (iv) the failure by the Borrower to accept a Revolving Advance after it has requested such borrowing, conversion or renewal; in each such case including, but not limited to, any loss or expense sustained or incurred in liquidating or employing deposits from third parties acquired to effect or maintain such Revolving Advance or any portion thereof. The Lender shall provide to the Borrower a statement, supported when applicable by documentary evidence, explaining the amount of any such loss or expense it incurs, which statement shall be conclusive absent manifest error. (b) The Borrower hereby agrees to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers Lender and their respective Affiliates and their, and their its Affiliates’, branches, directors, officers, employees, agents, partnersrepresentatives, trustees counsel and employees and each other Person, if any, controlling them or advisors and other representatives any of its Affiliates within the meaning of either Section 15 of the Securities Act of 1933, as amended, or Section 20(a) of the Exchange Act (collectively the “Indemnitees”) each an "Indemnified Party"), from and against any and all liabilitieslosses, obligations, lossesclaims, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses (including reasonable counsel fees and documented out-of-pocket expenses disbursements) and disbursements of any kind or nature whatsoever liabilities which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating Indemnified Party with respect to or arising out of the commitments hereunder to make the Revolving Advances, or in connection with the financings contemplated hereby, the other Documents, the Collateral (butincluding, in without limitation, the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected use thereof by such conflict of interest informs the Borrowers in writing any of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document Persons or any other agreementPerson, letter the exercise by the Lender of rights and remedies or instrument delivered in connection any power of attorney with the transactions contemplated thereby respect thereto, and any action or the consummation inaction of the transactions contemplated therebyLender under and in accordance with any Security Document), (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including of any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowersfinancial accommodations provided hereunder, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which brought or threatened relating thereto, or the indemnity role of any such Person or Persons in this Section 12.4 applies, such indemnity shall be effective connection with the foregoing whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee they or any other Person, whether or not any Indemnitee Indemnified Party is otherwise named as a party thereto and whether to any legal action or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummatedproceeding ("Claims"). All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;providedThe Borrower will not, however, that such Indemnitee shall promptly refund such amount be responsible to any Indemnified Party hereunder for any Claims to the extent that there is a final non-appealable order such Claim shall have arisen out of a court or resulted principally from (a)(i) actions taken or omitted to be taken by any Indemnified Party which constitute bad faith, willful misconduct or gross negligence of competent jurisdiction any Indemnified Party, or (ii) the violation of any law or regulation applicable to such Indemnified Party (except to the extent that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms violation results principally from any breach of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation any representation, warranty or agreement by or on behalf of the Administrative AgentBorrower, the Collateral Agent, the Swing Loan Lender any Subsidiary or any Issuer, the replacement of any Lender, the termination Affiliate of the Commitments and Borrower, or (b) a successful claim by any Subsidiary or Affiliate of the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than Borrower against any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.Indemnified Party ("Excluded

Appears in 2 contracts

Sources: Loan and Security Agreement (Physicians Clinical Laboratory Inc), Loan and Security Agreement (Nu Tech Bio Med Inc)

Indemnities. The Borrowers shall (a) Subject to the provisions of this Section 6, CS and each member of the Cadbury Group will jointly and severally indemnify DPS and the members of the DPS Group against, and hold them harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against shall pay any: (i) Cadbury Group Taxes; (ii) Incremental DPS Group Taxes (except for any and all liabilitiesIncremental DPS Group Taxes that are attributable to actions taken by a member of the DPS Group after the Demerger Date other than actions that CS has expressly consented to in writing or actions taken pursuant to a Final Determination or required by this Agreement); (iii) Taxes of a member of the Cadbury Group for which a member of the DPS Group is responsible for (A) under Treasury Regulation 1.1502-6 (or similar provision of U.S. state or local or non-U.S. Tax law) solely as a result of such member of the DPS Group being or having been included in a Tax Return with any member of the Cadbury Group or otherwise joining in a fiscal unity or other combined group, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented outor (B) as a consequence of the failure of any member of the Cadbury Group to discharge a liability for Tax for which a member of the Cadbury Group is primarily liable under applicable Tax law or (C) because a member of the DPS Group acted as a representative of a group of companies to the extent that the DPS Group Tax liability would have been a liability of a member of the Cadbury Group if the relevant member of the DPS Group did not act as representative; (iv) Damages resulting from or that are otherwise attributable to a breach by CS or any member of the Cadbury Group of any covenant made by CS in this Agreement; and (v) Out-of-pocket legal, accounting or similar expenses and disbursements resulting from the imposition, assessment or assertion of any kind Taxes or nature whatsoever which may at any time be imposed onDamages indemnified against and described in (i), (ii), (iii) or (iv), including those incurred by in the contest in good faith in appropriate proceedings relating to the imposition, assessment or asserted against assertion of any such Indemnitee Taxes or Damages. (b) Subject to the provisions of this Section 6, DPS and each member of the DPS Group will jointly and severally indemnify CS and the members of the Cadbury Group against, and hold them harmless from and shall pay any: (i) DPS Group Taxes (other than Incremental DPS Group Taxes); (ii) Taxes of a member of the DPS Group for which a member of the Cadbury Group is responsible for (A) under Treasury Regulation 1.1502-6 (or similar provision of U.S. state or local or non-U.S. Tax law) solely as a result of such member of the Cadbury Group being or having been included in a Tax Return with any way member of the DPS Group or otherwise joining in a fiscal unity or other combined group, or (B) as a consequence of the failure of any member of the DPS Group to discharge a liability for Tax for which a member of the DPS Group is primarily liable under applicable Tax law or (C) because a member of the Cadbury Group acted as a representative of a group of companies to the extent that the Cadbury Group Tax liability would have been a liability of a member of the DPS Group if the relevant member of the Cadbury Group did not act as a representative; (iii) Damages resulting from or that are otherwise attributable to a breach by DPS or any member of the DPS Group of any representation set forth in Section 5 or any covenant made by DPS in this Agreement (including Section 5), including Damages of the Cadbury Group relating to or arising out Taxes of shareholders of Cadbury and/or DPS incurred as a result of such breach; (iv) Taxes of or otherwise imposed on CBCI in connection with respect of transactions or operations in the ordinary course of business for taxable periods (butor portions thereof) ending on or prior to December 31, 2007; and (v) Out-of-pocket legal, accounting or similar expenses resulting from the imposition, assessment or assertion of any Taxes or Damages indemnified against and described in (i), (ii), (iii) or (iv), including those incurred in the contest in good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such Taxes or Damages. (c) (i) For purposes of this Section 6, (A) to the extent that a Confectionery Entity was included in a Tax Return of the DPS Group or a Beverage Entity was included in a Tax Return of the Cadbury Group, as the case may be, the Taxes of the Confectionery Entity or the Beverage Entity shall be computed on a stand-alone basis taking into account as an offset any Taxes (including estimated) paid on account of such Confectionery Entity or Beverage Entity prior to the Demerger Date, and (B) in the case of Attorney Costsa Confectionery Entity or Beverage Entity that is a pass-through or other fiscally transparent entity for Tax purposes, limited to the reasonable and documented outpass-of-pocket fees, disbursements and through or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing fiscally transparent status of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity entity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent respected so that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policyTaxes, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising including Taxes resulting from the use by others of any information a Tax adjustment or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, change in respect of any such damages incurred or paid by an Indemnitee entity shall, pursuant to a third party). In applicable Tax law, be treated as imposed on the case of an investigation, litigation members (or other proceeding to which equityholders) of the indemnity Confectionery Entity or Beverage Entity and nothing in this Section 12.4 applies, such indemnity Agreement shall be effective whether or not read to require indemnification of such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or entity on account of such Taxes (including an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of adjustment to such Taxes) on the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, grounds that such Indemnitee shall promptly refund Taxes (or adjustment) are Taxes of such amount entity (as opposed to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimits members).

Appears in 2 contracts

Sources: Tax Sharing and Indemnification Agreement (Dr Pepper Snapple Group, Inc.), Tax Sharing and Indemnification Agreement (Dr Pepper Snapple Group, Inc.)

Indemnities. (a) The Borrowers Company shall indemnify pay, or reimburse the Lender for (i) all out- of-pocket costs and hold harmless expenses (including, without limitation, attorneys' fees and expenses not to exceed $2,500) paid or incurred by the AgentsLender in connection with the negotiation, each Lenderpreparation, each Issuerexecution and delivery of this Agreement, the Arrangers and their respective Affiliates and theirNote, the Warrant, the Stock Issuance Agreement, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees any other document required hereunder or advisors and other representatives thereunder; (collectively the “Indemnitees”ii) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements expenses) paid or incurred by the Lender in connection with the negotiation, preparation, execution and delivery of any kind amendment, supplement, modification or nature whatsoever waiver of any of the documents referenced above or before and after judgment in enforcing, protecting or preserving his rights under this Agreement, the Note, the Warrant, the Stock Issuance Agreement, and other documents required hereunder or thereunder; and (iii) any and all recording and filing fees and any and all stamp, excise, intangibles and other taxes (other than income taxes), if any, which may at be payable or determined to be payable in connection with the negotiation, preparation, execution, delivery, administration or enforcement of this Agreement, the Note, the Warrant, the Stock Issuance Agreement, or any time be imposed onother document required hereunder or thereunder or any amendment, supplement, modification or waiver of or to any of the foregoing, or consummation of any of the transactions contemplated hereby or thereby, including all costs and expenses incurred in contesting the imposition of any such tax, and any and all liability with respect to or resulting from any delay in paying the same, whether such taxes are levied upon the Lender, the Company or otherwise. (b) The Company agrees to indemnify the Lender against any and all losses, claims, damages, liabilities and expenses, (including, without limitation, reasonable attorneys' fees and expenses) incurred by or asserted against any such Indemnitee in any way relating to or the Lender arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) resulting from (i) any acquisition or attempted acquisition of stock or assets of another person or entity by the execution, delivery, enforcement, performance or administration of any Loan Document Company or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebysubsidiary, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of any of the proceeds therefrom (including of the loan made hereunder by the Company for the making or furtherance of any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)acquisition or attempted acquisition, or (iii) the construction or operation of any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly facility owned or operated by the BorrowersCompany or any subsidiary, or resulting from any pollution or other environmental condition on the site of, or caused by, any Subsidiary or any other Loan Partysuch facility, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) the negotiation, preparation, execution, delivery and enforcement of this Agreement, the Note, the Warrant, the Stock Issuance Agreement, and any actual other document required hereunder or prospective thereunder, including without limitation any amendment, supplement, modification or waiver of or to any of the foregoing or the consummation or failure to consummate the transactions contemplated hereby or thereby, or the performance by the parties of their obligations hereunder or thereunder, (v) any claim, litigation, investigation or proceeding relating proceedings related to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee not the Lender is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 indemnity shall not apply with respect to Taxes other than any Taxes that represent such losses, claims, damages, etc. liabilities or related expenses arising from (A) any non-Tax claimbreach by the Lender of his obligations under this Agreement, or in his fiduciary duties as a director of the Company for which he would not otherwise be entitled to indemnification as a director of the Company, (B) any commitment made by the Lender to a person other than the Company which would be breached by the performance of the Lender's obligations under this Agreement or (C) Lender's gross negligence or willful misconduct; and provided further that clauses (i), (ii) and (iii) of this paragraph shall apply only to losses, claims, damages, liabilities and expenses arising out of or resulting from third party claims. (c) The foregoing agreements and indemnities shall remain operative and in full force and effect regardless of termination of this Agreement, the consummation of or failure to consummate either the transactions contemplated by this Agreement or any amendment, supplement, modification or waiver, the repayment of the loan made hereunder, the invalidity or unenforceability of any term or provision of this Agreement, the Note, the Warrant, the Stock Issuance Agreement, or any other document required hereunder or thereunder, any investigation made by or on behalf of the Lender, or the content or accuracy of any representation or warranty made under this Agreement or any other document required hereunder or thereunder.

Appears in 2 contracts

Sources: Note Purchase and Warrant Agreement (Dearholt Stephen M), Note Purchase and Warrant Agreement (Dearholt Stephen M)

Indemnities. (a) The Borrowers shall indemnify Fund agrees to indemnify, defend and hold Distributor, its officers and directors and any person who controls Distributor within the meaning of Section 15of the Securities Act of 1933, free and harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actionsliabilities and expenses (including the costs of investigating or defending such claims, judgmentsdemands or liabilities and any counsel fees incurred in connection therewith) which Distributor, suits, costs, reasonable its officers and documented out-of-pocket expenses and disbursements of any kind directors or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee controlling person may incur under the Securities Act of 1933, or under the common law or otherwise, arising out of or based upon any alleged untrue statements of a material fact contained in any way relating to the Fund's Registration Statement and Exhibits, Prospectuses, or Statement of Additional Information or arising out of or based upon any alleged omission to state a material fact required to be stated in connection with such documents or necessary to make the statements in them not misleading; provided, however, that this indemnity, to the extent that it might require indemnity of a person who is an officer or director or controlling person of Distributor and who is also a director or officer of the Fund, shall not inure to the benefit of such officer or director or controlling person unless a court of competent jurisdiction shall determine, or it shall have been determined by controlling precedent, that such result would not be against public policy as expressed in the Securities Act of 1933; and further provided that in no event shall anything herein contained be so construed as to protect Distributor (or its officers and directors or any controlling persons) against any liability to the Fund or its stockholders to which Distributor would otherwise be subject by reason of willful misfeasance, bad faith or negligence, in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement. The Fund's agreement to indemnify Distributor, its officers and directors and any such controlling person as aforesaid is expressly conditioned upon its being notified of any action brought against Distributor, its officers and directors or any such controlling person, such notification to be given by letter or telegram address to the Fund at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or legal process shall have been serviced. The failure to so notify the Fund of any such action shall not relieve it from any liability which it may have to the person against whom such action is brought by reason of any such alleged untrue statement or omission otherwise than on the account of the indemnity contained in the this paragraph. The Fund will be entitled at its election, to assume the defense of any suit brought to enforce any such claim, demand or liability, but, in such case, such defense shall be conducted by counsel of good standing chosen by the Fund and approved by the Distributor. In the event that the Fund does elect to assume the defense of any such suit and retain counsel of good standing approved by the Distributor, the defendant or defendants in such suit shall bear the fees and expenses of any additional counsel retained by any of them; but in case the Fund does not elect to assume the defense of Attorney Costsany such suit, limited or in case Distributor does not approve of counsel chosen the Fund will reimburse Distributor, its officers and directors, or the controlling person named as defendant or defendants in such suit, for the reasonable fees and expenses of any counsel retained by Distributor or them. The indemnification contained in this paragraph and the representations and warranties in this Agreement shall remain operative and in full force and effect regardless of any investigation made by or on behalf of Distributor, its officers and directors, or any controlling person, and shall survive the delivery of any Shares of the Fund hereunder. This indemnity will inure exclusively to Distributor's benefit, to the reasonable benefit of its successors, to the benefit of its officers and documented out-of-pocket fees, disbursements directors and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictiontheir respective estates, and in to the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration benefit of any Loan Document controlling person and its successors. The Fund agrees promptly to notify Distributor of the commencement of any litigation or proceedings against it or any other agreement, letter of its officers or instrument delivered directors in connection with the transactions contemplated thereby or issue and sale of its Shares. (b) The Distributor agrees to indemnify, defend and hold the consummation Fund, its several officers and directors, and any person who controls the Fund within the meaning of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use Section 15 of the proceeds therefrom Securities Act of 1933, free and harmless from and against any and all claims, demands, liabilities and expenses (including the costs of investigating or defending such claims, demands or liabilities and any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented counsel fees incurred in connection with such demand do not strictly comply with the terms of such Letter of Credit)therewith) which Fund, its officers or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Partydirectors, or any Environmental Liabilities arising out such controlling person may incur under the Securities Act of 1933 or under the activities common law or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”)otherwise; provided that such indemnity shall not, as to any Indemnitee, be available but only to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses liability or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities expense incurred by the Indemnitees Fund, its officers or directors or such controlling person resulting from such claims or demands shall arise out of or be based upon any alleged untrue statement of them. No Indemnitee a material fact contained information furnished in writing by Distributor to the Fund for use in the Fund's Registration Statement and Exhibits, Prospectuses or Statement of Additional Information or shall arise out of or be liable for based upon any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems alleged omission to stating material fact in connection with this Agreement such information required to be stated in such document and necessary to make the statements in them not misleading. Distributor's agreement to indemnify the Fund, its officers and directors, and any such controlling person as aforesaid is expressly conditioned upon Distributor being notified of any action brought against Fund, its officers or directors, or any such controlling person, such notification to be given by letter or telegram addressed to the Distributor at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or other than damages arising from first legal process shall have been served. Distributor shall have a right to control the gross negligence, bad faith or willful misconduct defense of such Indemnitee action, with counsel of its own choosing, satisfactory to the Fund, if such action is based solely upon such alleged misstatement or of any affiliateomission on its part, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or and in any other Loan Document event the Distributor or arising out of its activities in connection herewith or therewith (whether before or after such controlling person shall each have the Closing Date) (other than, right to participate in the case defense or preparation of any Loan Party, in respect the defense of any such damages incurred action. Failure to so notify Distributor of any such action shall not relieve Distributor from any liability which Distributor may have to the Fund, it officers or paid directors, or to such controlling person by an Indemnitee to a third party). In the case reason of an investigation, litigation such untrue statement or other proceeding to which the omission on Distributor's part otherwise than on account of its indemnity contained in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimparagraph.

Appears in 2 contracts

Sources: Distribution Agreement (Lifetime Achievement Fund Inc), Distribution Agreement (Lifetime Achievement Fund Inc)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment Holder. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 1 contract

Sources: Merger Agreement (ION Acquisition Corp 1 Ltd.)

Indemnities. 8.1. The Borrowers Supplier shall pay to Incomlend or the Trustee (as the case may be) immediately on demand on a full indemnity basis all stamp, documentary, registration or other like duties or ges, including withholding taxes and any penalties, additions, fines, surcharges or interest relating thereto or any notarial fees which are imposed or chargeable on or in connection with this Agreement, the use of the Platform by the Supplier and the provision of the Services or the Trustee Services (as the case may be). 8.2. Each of Incomlend and the Trustee shall be entitled to rely upon without further inquiry, any communication, information or document (including but not limited to the Underlying Contract) which Incomlend or the Trustee believes in good faith to be given or made by the Supplier (whether through the Platform or by any other means), regardless of any error or fraud contained in the communication or the identity of the individual who sent the communication and the Supplier shall indemnify and hold each of Incomlend and the Trustee harmless from and against all actions, proceedings, costs, claims, demands, expenses or Losses of any nature (direct or indirect) which each of Incomlend and the AgentsTrustee may suffer, each Lenderincur or sustain as a consequence of accepting and/or acting upon any such communication, each Issuerinformation or document, provided always that such Loss is not the consequence of Incomlend’s own fraud, bad faith, negligence or wilful default. 8.3. All payments to be made to Incomlend or the Trustee under this Agreement shall be made in cleared funds, without any deduction or set-off and free and clear of any deduction for or on account of any taxes, levies, imports, duties, charges, fees and withholdings of any nature now or hereafter imposed by any governmental, fiscal or other authority save as required by law. If the Supplier or the Buyer is compelled to make any such deduction, the Arrangers Supplier shall pay to Incomlend or the Trustee (as the case may be) such additional amounts as are necessary to ensure receipt by Incomlend or the Trustee (as the case may be) of the full amount which it would have received but for the deduction. 8.4. All bank charges, fees, and related costs arising out of or in relation to payments made from Incomlend or the Trustee to the Supplier shall ultimately be borne by the Supplier. As such, to the extent that Incomlend is the party making direct payment of such fees to the relevant banking institution, Incomlend is entitled to levy fees of a reasonable sum as part of its Administrative Fees. 8.5. The Supplier shall indemnify, defend and hold harmless each of Incomlend, the Trustee and their respective Affiliates affiliates (and their, and each of their Affiliates’, branches, respective directors, officers, employees, agents, partnersrepresentatives, trustees or advisors affiliates, successors and other representatives assigns, including but not limited to the Trustee) (collectively the collectively, IndemniteesIndemnified Persons”, and each an “Indemnified Person”) from and against any and all liabilitiesclaims (whether or not successful, obligationscompromised or settled), lossesdisputes, damages, penalties, claimsactions, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind proceedings or nature whatsoever judgments which may at be instituted, made, threatened, alleged, asserted or established (each a “Claim”) from any Person(s) from time to time in any jurisdiction against or otherwise involving the Indemnified Persons, and from all Losses which the Indemnified Persons may suffer or incur from time to time (including all Losses incurred in disputing any Claim and/or in establishing a right to be imposed on, incurred by indemnified pursuant to this clause and/or in seeking advice regarding any Claim or asserted against any such Indemnitee in any way relating related to or in connection with the indemnity in this clause), in any such case arising out of, based upon or in connection with, whether directly or indirectly: 8.5.1. any Purchased Receivables not being Eligible Accounts Receivable as at the date of each Request Date; Conditional Purchase Date; and/ or Purchase Date; 8.5.2. any Purchased Receivables being originated from/or as part of, a Fraudulent Underlying Contract; 8.5.3. any fraud, error, omission, misrepresentation, wrongdoing, negligence or allegations thereof arising out of or in connection with (but, the Supplier and/or the Buyer and/or the Underlying Contract; 8.5.4. any Purchased Receivable in respect of which an event of force majeure as defined in the case Underlying Contract or Force Majeure has occurred, regardless of Attorney Costs, whether such event has prevented the Supplier or the Buyer from fulfilling its obligation(s) under the Underlying Contract; 8.5.5. any dispute between the Supplier and the Buyer including but not limited to the reasonable and documented out-of-pocket fees, disbursements and other charges to: (a) failure of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual consideration (whether partial or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interesttotal), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) and/or (ib) the executionquantity or quality of goods or services, late delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out defect, whether related to the shipment of the activities goods or operations the rendering of the Borrowersservices, that may affect the Purchased Receivable and/or the payment and settlement of the Underlying Contract; 8.5.6. any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to breach by the Supplier of any of the foregoing, whether based on contract, tort representations or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all warranties under this Agreement; or 8.5.7. the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred termination by the Indemnitees or any Supplier of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (including without limitation pursuant to Clause 14). 8.6. Nothing in this Clause 8 shall be deemed or construed to restrict or limit the rights of the Indemnified Persons or otherwise affect the ability of the Indemnified Persons to claim for damages or other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or remedies on any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, basis available to them in respect of the matters in this Clause 8 and/or to start any such damages incurred recovery or paid by an Indemnitee collection proceedings or to a third party)bring any claim and/or actions at law or otherwise, that may be needed, against the Buyer and/or the Supplier, from time to time to allow proper recovery and indemnification to the Indemnified Persons. In For the purposes of this Clause 8.6, Incomlend or the Trustee (as the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity may be) shall be effective deemed to incur any Loss suffered by the Indemnified Persons, and it shall not be necessary for Incomlend or the Trustee (as the case may be) to establish Loss or damage to Incomlend or the Trustee (as the case may be) whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any way of diminution in the value of the transactions contemplated hereunder or under any shares of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender relevant Indemnified Persons or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimotherwise.

Appears in 1 contract

Sources: Accounts Receivable Purchase Agreement

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: (a) The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers and their respective Affiliates and theirMivtach, and their Affiliates’each person, branchesif any, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) who controls Mivtach from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which Mivtach or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse Mivtach and each such controlling person of Mivtach, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by Mivtach or such controlling persons in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 4(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. (butb) Mivtach will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and Mivtach will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by Mivtach specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 4(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Mivtach, which consent shall not be unreasonably withheld. (c) Promptly after receipt by an indemnified party pursuant to the provisions of Sections 4(a) or 4(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 4(a) or 4(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 4(a) or 4(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee release from all liability in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender claim or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimlitigation.

Appears in 1 contract

Sources: Registration Rights Agreement (Mivtach Shamir Holdings LTD)

Indemnities. The Borrowers shall In the event of any registered offering of Ordinary Shares pursuant to this Section 2: 2.7.1 the Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, who controls the Holder (including its officers, directors, officers, employees, agents, partners, trustees or advisors agents and other representatives (collectively such as legal counsel and accountants), to the “Indemnitees”extent applicable) or such underwriter, from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable) or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a final nonHolder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable), each other Holder participating in such registration, any underwriter for the Company, or for any such other Holder, and each person, if any, who controls the Company or such underwriter or such other Holder, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable) or any such controlling person and/or any such underwriter and/or such other Holder may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable), each other Holder participating in such registration, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-appealable order of a court of competent jurisdiction party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such Indemnitee untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the Final Prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the Final Prospectus was not entitled furnished to indemnification rights the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld[; and provided, further, that in the event that the Company shall have amended or supplemented any preliminary prospectus and furnished such amendments or supplements to the Holders, the foregoing indemnity agreement with respect to such payment preliminary prospectus shall not inure to the benefit of any Holder, if such Holder did not send or give a copy of the amended or supplemented prospectus to the person asserting the losses, claims, damages or liabilities (the "Claiming Person") with respect to which the indemnification is sought, provided however, that the amended or supplemented prospectus would have cured the defect giving rise to such loss, claim, damage or liability, and that the Company provided the amended or supplemented prospectus to the Holders prior to the written confirmation of the sale of the shares to the Claiming Person.] In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.7.3 Promptly after receipt by an indemnified party pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.22.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, this such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 12.4 shall 2.7.1 or 2.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising relieve it from any non-Tax claim.liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or

Appears in 1 contract

Sources: Investors' Rights Agreement

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Section 2: 2.7.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Holder (including any officer, each Issuer, the Arrangers director or partner of such Holder) and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls (within the meaning of the Exchange Act) the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the Exchange Act or any Subsidiary rule or regulation promulgated thereunder applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission so made in conformity with information furnished in writing by a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant Holder, to the express terms Company, such underwriter or such controlling persons specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of this Section 12.4. The agreements any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section 12.4 subsection 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Holder, the underwriter or any controlling person of the selling Holder or the underwriter, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the resignation transfer of securities by a selling Holder. 2.7.2. Each Holder participating in a registration hereunder will indemnify and hold harmless the Company, its officers and directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling Holder’s consent) to which the Company, its officers or directors, or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading, and each such Holder will reimburse the Collateral AgentCompany, its officers and directors, any underwriter and each such controlling person of the Swing Loan Lender Company or any Issuerunderwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the replacement extent, but only to the extent, that such untrue statement or alleged untrue statement or omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement or alleged untrue statement or omission made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Commitments and Holders, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Holder exceed the other Obligationsnet proceeds received by such Holder from the sale of its securities under the applicable registration. 2.7.3. Without limiting Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 2.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Sections 2.7.1 or 2.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or 2.7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement, which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.7.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration, if any. In any event, in determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than equitable considerations appropriate under the circumstances, provided, however, that in any Taxes that represent lossessuch case, claims, damages, etc. arising no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation. 2.7.5. Notwithstanding the foregoing, to the extent that the provisions on indemnification contained in the underwriting agreements entered into among the selling Holders, the Company and the underwriters in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall be controlling as to the Registrable Securities included in the public offering; provided, however, that if, as a result of this Section 2.7.5, any Holder, its officers, directors, and partners and any person controlling such Holder is held liable for an amount which exceeds the aggregate proceeds received by such Holder from the sale of Registrable Securities included in a registration, as provided in Section 2.7.2 above, pursuant to such underwriting agreement (the “Excess Liability”), the Company shall reimburse any such Holder for such Excess Liability.

Appears in 1 contract

Sources: Registration Rights Agreement (Tefron LTD)

Indemnities. In the event of any registered offering of Registrable Shares pursuant to this Agreement: 7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon either: (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading; and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; and further provided, that the indemnity agreement contained in this Section 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder, the underwriter or any controlling person of the Holder or the underwriter, and regardless of any sale in connection with such offering by the Holder. Such indemnity shall survive the transfer of securities by a Holder. 7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company, its officers and directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on either: (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; and each such Holder will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, or (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, however, that the indemnity agreement contained in this Section 7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the gross proceeds from the offering received by such Holder. 7.3 Promptly after receipt by an indemnified party pursuant to the provisions of Section 7.1 or 7.2 above of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 7.1 or 7.2, promptly notify the indemnifying party of the commencement thereof. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 7. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a final non-appealable order conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Section 7.1 or 7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless: (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence; (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence; or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a court of competent jurisdiction that release from all liability in respect to such Indemnitee was claim or litigation. 7.4 If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification rights by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to such payment pursuant which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. 7.5 Notwithstanding the foregoing, to the express terms of this Section 12.4. The agreements extent that the provisions on indemnification and contribution contained in this Section 12.4 shall survive the resignation of underwriting agreement entered into in connection with the Administrative Agentunderwritten public offering are in conflict with the foregoing provisions, the Collateral Agent, provisions in the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 underwriting agreement shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimcontrol.

Appears in 1 contract

Sources: Registration Rights Agreement (Camtek LTD)

Indemnities. If any Registrable Shares are included in a registration statement pursuant to this Agreement: 8.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each LenderHolder, each Issuer, any underwriter (as defined in the Arrangers and their respective Affiliates and theirSecurities Act) for such Holder, and their Affiliates’each person, branchesif any, directors, officers, employees, agents, partners, trustees who controls such Holder or advisors and other representatives such underwriter (collectively and individually referred to as the “IndemniteesIndemnified Party) ), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company’s consent, which consent will not be unreasonably withheld) to which such Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements arise out of are based upon (i) any untrue statement or alleged untrue statement of any kind material fact contained in the registration statement or nature whatsoever included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which may at they are made, not misleading or (iii) any time be imposed onviolation or alleged violation by the Company of the Securities Act or the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or any rules or regulations promulgated thereunder, and the Company will reimburse each Indemnified Party, promptly upon demand, for any reasonable legal or any other expenses incurred by or asserted against any such Indemnitee in any way relating to or arising out of or them in connection with (butinvestigating, in the case of Attorney Costspreparing to defend, limited to the reasonable and documented out-of-pocket feesor defending against, disbursements and other charges of one counsel to all Indemnitees taken or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not strictly comply be liable in any such case to the extent that any such loss, damage, liability, cost, or expense arises solely out of or is based solely upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the terms Company by the Indemnified Party, in writing, specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Section 8.1 shall not apply to amounts paid in settlement of any such Letter claim, loss, damage, liability, or action if such settlement is effected without the Company’s consent, which consent will not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of Creditany investigation made by or on behalf of the Indemnified Party, and regardless of any sale in connection with such offering by such Holder. Such indemnity shall survive the transfer of securities by a Holder. 8.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company its Executive Officers, Directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter (collectively and individually, the “Indemnifiable Parties”), from and against any and all losses, damages, claims, liabilities, costs, or expenses (including any amount paid in any settlement effected with such Holder’s consent, which consent will not be unreasonably withheld) to any Indemnifiable Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs, or expense arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reberence therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the Borrowers, any Subsidiary Company of the Securities Act or any other Loan Partythe Securities and Exchange Act, or any Environmental Liabilities arising out rules or regulations promulgated thereunder and such Holder will reimburse each Indemnifiable Party, promptly upon demand, for any reasonable legal or other expenses incurred by such Indemnifiable Party in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, action, or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement), or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, and (ii) any underwriter, if a copy of the activities final prospectus was not furnished to the person or operations entity asserting the loss, liability, claim, or damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section 8.2 shall not apply to amounts paid in settlement of any such claim loss, damage, liability, or action if such settlement is effected without the consent of such Holder, as the case may be, which consent shall not be unreasonably withheld; and provided, further, that the maximum amount of liability in respect of such indemnification shall be limited, in the case of each Holder, to an amount equal to the net proceeds actually received by such Holder from the sale of Registrable Shares sold pursuant to such registration. 8.3 Promptly after receipt by an Indemnified and/or Indemnifiable Party pursuant to the provisions of Section 8.1 or 8.2 of notice of the Borrowerscommencement of any action involving the subject matter of the foregoing indemnity provisions, such Indemnified and/or Indemnifiable Party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 8.1 or 8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party shall only relieve it from any Subsidiary or liability which it may have to any Indemnified and/or Indemnifiable Party to the extent that such indemnifying party has been damaged by such omission to notify hereunder. In case such action is brought against any Indemnified and/or Indemnifiable party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other Loan indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such Indemnified or Indemnifiable Party; provided, however, that if the defendants in any action include both the Indemnified or Indemnifiable Party and the indemnifying party and if in the reasonable judgment of the Indemnified or Indemnifiable party there are separate defenses that are available to the Indemnified or Indemnifiable party or there is a conflict of interest which would prevent counsel for the indemnifying party from also representing the Indemnified or Indemnifiable party, the Indemnified or Indemnifiable Party(ies) shall have the right to select, at the expense of the indemnifying party, separate counsel to participate in the defense of such action; provided, further, however, that if the Holders are the Indemnified Party, the Holders shall be entitled to one (1) separate counsel at the expense of the Company and if underwriters are also Indemnified parties who are entitled to counsel separate from the indemnifying party, then all underwriters as a group shall be entitled to one (1) separate counsel at the expense of the Company. After notice from the indemnifying party of its election so to assume the defense thereof, the indemnifying party will not be liable to such Indemnified or Indemnifiable Party pursuant to the provisions of said Section 8.1 or 8.2 above for any legal or other expense subsequently incurred by such Indemnified or Indemnifiable Party in connection with the defense thereof, unless (i) the Indemnified or Indemnifiable Party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the Indemnified or Indemnifiable Party to represent the same within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the Indemnified or Indemnifiable Party’s intention to employ separate counsel pursuant to the previous sentence, (iii) the indemnifying party has authorized the employment of counsel for the Indemnified or Indemnifiable Party at the expense of the indemnifying party, or (iv) any actual the indemnifying party has authorized the employment of counsel but such party or prospective claim, litigation, investigation or proceeding relating counsel fails to any of vigorously defend the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense action. No indemnifying party will consent to entry of any pending judgment or threatened claimenter into any settlement, investigationwhich does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified or Indemnifiable Party of a release from all liability in respect to such claim or litigation. 8.4 If recovery is not available under the foregoing indemnification provisions, litigation or proceeding) and regardless of whether for any Indemnitee is a party thereto (all the foregoing, collectivelyreason other than as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, as parties entitled to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred indemnification by the Indemnitees or any of them. No Indemnitee terms thereof shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating entitled to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee contribution to a third party)liabilities and expenses. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant which the right to indemnification was asserted, the express terms opportunity to correct and prevent any statement or omission, and any other equitable consideration appropriate under the circumstances. In no event shall any party that is found liable for fraudulent misrepresentation within the meaning of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 1(f) of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect Securities Act be entitled to Taxes other than any Taxes that represent losses, claims, damages, etc. arising contribution hereunder from any non-Tax claimparty not found so liable.

Appears in 1 contract

Sources: Registration Rights Agreement (Nur Macroprinters LTD)

Indemnities. 8.1 The Borrowers shall Warrantors hereby jointly and severally undertake to fully indemnify each Series C Investor, its officers and hold harmless the Agentsemployees and affiliates (each an “Indemnitee” and collectively, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) ), and to keep them harmless from and against any and all direct losses, liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs and damages (including without limitation legal costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever ) which may at any time be imposed on, suffered or incurred by or asserted against any such Indemnitee of them in any way relating to or connection with, arising out of or as a result of any of the following: (a) any of the warranties, representations and covenants made by the Warrantors, including but not limited to warranties regarding tax and incorporation matters, hereof not being true and correct in all respects or not being fully complied with at all times; (b) any of the covenants in Section 7, any other undertakings or obligations in this Agreement not being fully performed or fully complied with by the Warrantors at all times. 8.2 The Warrantors further jointly and severally undertake to fully indemnify each Indemnitee, and to keep each Indemnitee harmless from and against all direct losses, liabilities, costs and damages (including without limitation legal costs) which may be suffered or incurred by it in connection with (butwith, in the case arising out of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken or as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, result of the Company’s failure to pay or settle any outstanding fees incurred and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction owed to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby Transaction. 8.3 Absent fraud or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal willful misconduct by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoingManagement Shareholders, whether based on contractnone of the Management Shareholders’ personal assets other than the Ordinary Shares, tort directly or indirectly, held by the Management Shareholders valued at the fair market value shall in any other theory (including respect be used to satisfy any investigation of, preparation for, or defense of the Management Shareholders’ indemnification obligations pursuant to this Section 8. 8.4 If any Indemnitee believes that it has a claim that may give rise to an obligation of any pending or threatened claimWarrantor pursuant to this Section 8, investigation, litigation or proceeding) and regardless of whether any Indemnitee it shall give prompt notice thereof to the Warrantors stating specifically the basis on which such claim is a party thereto (all the foregoing, collectivelybeing made, the “Indemnified Liabilities”)material facts related thereto, and the amount of the claim asserted; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith absent fraud or willful misconduct of any such Indemnitee or of any affiliatenotice with respect to a breach (except with respect to a breach under Sections 2.1, director2.2, officer, employee or agent of such Indemnitee, 2.4 and 2.5) shall be given within two (y2) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment years after the Closing. In the event of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims third party claim against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under for which such Indemnitee seeks indemnification from the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings Warrantors pursuant to indemnify and hold harmless set forth in this Section 12.4 may 8, no settlement shall be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law deemed conclusive with respect to the payment and satisfaction existence of all Indemnified Liabilities incurred an indemnifiable loss or the amount of such indemnifiable loss unless such settlement is consented to by the Indemnitees or any of themIndemnitors. No Indemnitee Any dispute related to this Section 8 shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith resolved pursuant to Section 10.14. 8.5 Absent fraud or willful misconduct by any of the Management Shareholders, the aggregate amount of indemnifiable loss of each Series C Investor shall not exceed the aggregate purchase price paid by such Indemnitee Series C Investor. 8.6 For the avoidance of doubt, each of the Warrantors hereby agrees and covenants that it will do all such things and undertake all such actions, including without limitation, any applications to and registrations with the governmental authorities and any other protective measures reasonably requested by the Series C Investors, to ensure that the agreement of the parties with respect to joint and several liability of the Warrantors under this Agreement and other Transaction Agreements is given full force and effect. 8.7 This Section 8 shall not be deemed to preclude or otherwise limit in any way the exercise of any affiliate, director, officer, employee other rights or agent pursuit of such Indemnitee as determined by a final, non-appealable judgment other remedies for the breach of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimmisrepresentation.

Appears in 1 contract

Sources: Preference C Share Purchase Agreement (Sequoia Capital 2010 CV Holdco Ltd.)

Indemnities. The Borrowers shall In the event of any registered offering of Common Stock pursuant to this Article VII: (a) Issuer will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, any Holder, each Lenderof its officers and directors, each Issuer, the Arrangers partners and their respective Affiliates legal counsel and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter within the meaning of Section 15 of the Securities Act, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, and expenses (including any amounts paid in any settlement of litigation, commenced or threatened) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they are made, not misleading, and Issuer will reimburse the Holder, each of its officers and directors, partners and legal counsel, such underwriter and each such controlling person of the Holder or the underwriter, for any legal or any other expenses reasonably incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that Issuer will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, claim, liability, or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with written information furnished by a Holder to Issuer specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 7.7(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Issuer, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Holder, the underwriter or any controlling person of the selling Holder or the underwriter, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the transfer of securities by a selling Holder. Notwithstanding the foregoing, insofar as the foregoing indemnity relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus on file with the Commission at the time the registration statement becomes effective or in the final non-appealable order prospectus filed with the Commission pursuant to Rule 424(b) of the Commission, the indemnity agreement herein shall not inure to the benefit of any underwriter if a court copy of competent jurisdiction the final prospectus filed pursuant to Rule 424(b) was not furnished to the Person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act. (b) Each Holder participating in a registration hereunder will indemnify and hold harmless, to the fullest extent permitted by law, Issuer, each of its directors, officers and legal counsel, any underwriter for Issuer, and each person, if any, who controls Issuer or such underwriter within the meaning of Section 15 of the Securities Act, from and against any and all losses, damages, claims, liabilities, or expenses (including any amounts paid in any settlement) to which Issuer or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise and each other such Holder, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), of litigation, commenced or threatened or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and each such Holder will reimburse Issuer, each of its directors, officers and legal counsel, any underwriter and each such controlling person of Issuer or any underwriter and each other such Holder, promptly upon demand, for any legal or other expenses reasonably incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such Indemnitee untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder to Issuer specifically for inclusion therein; provided, however, that the indemnity agreement contained in this subsection 7.7(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability, or action if such settlement is effected without the consent of such Holder, which consent shall not be unreasonably withheld. In no event shall the liability of any Holder exceed the gross proceeds received by such Holder from the offering. Such indemnity shall survive the transfer of securities by a selling Holder. Notwithstanding the foregoing, insofar as the foregoing indemnity relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus on file with the Commission at the time the registration statement becomes effective or in the final prospectus filed with the Commission pursuant to Rule 424(b) of the Commission, the indemnity agreement herein shall not inure to the benefit of any underwriter if a copy of the final prospectus filed pursuant to Rule 424(b) was not furnished to the Person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act. (c) Each party entitled to indemnification rights with respect to such payment pursuant under this Section 7.7 shall give notice to the express terms party required to provide indemnification promptly after such indemnified party has actual knowledge of this Section 12.4. The agreements in this Section 12.4 any claim as to which indemnity may be sought, and shall survive permit the resignation indemnifying party to assume the defense of the Administrative Agent, the Collateral Agent, the Swing Loan Lender any such claim or any Issuerlitigation resulting therefrom, provided that counsel for the replacement indemnifying party, who shall conduct the defense of such claim or any Lenderlitigation resulting therefrom, shall be approved by the termination of the Commitments indemnified party (whose approval shall not unreasonably be withheld), and the repayment, satisfaction indemnified party or discharge parties shall have the right to select one separate counsel to participate in the defense of all such action on behalf of such indemnified party or parties. After notice from the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.indemnifying

Appears in 1 contract

Sources: Stock Purchase Agreement (Carrizo Oil & Gas Inc)

Indemnities. In the event of any registered offering of shares of the Company pursuant to this Appendix A: 7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder or any such underwriter or controlling person may become subject under Applicable Law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact made by the Company itself contained in the registration statement or included in the prospectus, as amended or supplemented by the Company itself, or (ii) the omission of by the Company itself or alleged omission of the Company itself to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that (buti) such violation was made in a preliminary prospectus and was corrected in a subsequent prospectus that was required by law to be delivered to the person making the claim with respect to which indemnification is sought hereunder, and such subsequent prospectus was made available by the Company to permit delivery of such prospectus in a timely manner, and such subsequent prospectus was so delivered to such person (ii) any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for use in connection with such registration; provided further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided further, that the indemnity agreement contained in this subsection 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Shareholder, the underwriter or any controlling person of the selling Shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling Shareholder. Such indemnity shall survive the transfer of securities by a selling Shareholder for a period of five years, provided further, that the indemnity agreement contained in this subsection 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. In no event shall the liability of the Holder exceed the amount received by such Holder in such sale. 7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless, to the fullest extent permitted by law, the Company, its officers and directors, each other Holder participating in such registration and their partners, shareholders, directors or officers, any underwriter for the Company, or for any such other Holder, and each person, if any, who controls the Company or such underwriter or such other Holder, from and against any and all losses, damages, claims, liabilities, joint or several, costs or expenses (including any amounts paid in any settlement effected with the selling Shareholder's consent) to which the Company or any such controlling person and/or any such underwriter and/or such other Holder may become subject under Applicable Law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, its officers and directors and each other Holder participating in such registration and their partners, shareholders, directors or officers, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for use in connection with such registration. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the Securities Act; provided further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided further, that the indemnity agreement contained in this subsection 7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the indemnifying Holders, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company, the underwriter or any controlling person of the Company or the underwriter. 7.3 Promptly after receipt by an indemnified party pursuant to the provisions of subsections 7.1 or 7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said subsection 7.1 or 7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said subsections 7.1 or 7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 7.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity parties entitled to indemnification by the terms thereof shall notbe entitled, as to any Indemnitee, be available to the extent that such liabilitiespermitted under Applicable Law, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, to contribution to liabilities and expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)registration. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigationconsidered the parties' relative faults, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant to which the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agentclaim was asserted, the Collateral Agentopportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the Swing Loan Lender or any Issuer, circumstances. In no event shall the replacement liability of any Lender, a Holder exceed the termination of net proceeds from the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoffering received by such Holder.

Appears in 1 contract

Sources: Agreement to Exchange Stock (ActiVein, Inc.)

Indemnities. The Borrowers shall In the event that any Registrable Shares are included in a registration statement pursuant to this Section 3: 3.7.1. To the extent permitted by law, the Company will indemnify and hold harmless the Agentseach Holder, each Lender, each Issuerits affiliates, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directorspartners, officers, employeesdirectors and shareholders of each Holder, agentslegal counsel and accountants for each Holder, partnersany underwriter in an underwritten offering for such Holder and each Person, trustees if any, who controls such Holder or advisors and other representatives (collectively underwriter within the “Indemnitees”) from and meaning of the Securities Act or the Exchange Act, against any and all liabilitieslosses, obligations, lossesclaims, damages, penaltiesor liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind damages or nature whatsoever which may at any time be imposed on, incurred by liabilities (or asserted against any such Indemnitee actions in any way relating to or arising respect thereof) arise out of or in connection with are based upon any of the following statements, omissions or violations (but, in collectively a “Violation”) by the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) Company: (i) the executionany untrue statement or alleged untrue statement of a material fact contained in such registration statement, delivery, enforcement, performance including any preliminary prospectus or administration of any Loan Document final prospectus contained therein or any other agreement, letter amendments or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebysupplements thereto, (ii) any Commitmentthe omission or alleged omission to state therein a material fact required to be stated therein, Loan or Letter of Credit or necessary to make the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do statements therein not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the Exchange Act, any Subsidiary state securities law or any other Loan Partyrule or regulation promulgated under the Securities Act, the Exchange Act or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems state securities law in connection with this Agreement (other than damages arising from the gross negligenceoffering covered by such registration statement; and the Company will reimburse each such Holder, bad faith its affiliates, the partners, officers, or willful misconduct directors, any underwriter and each Person, if any, who controls such Holder or underwriter within the meaning of such Indemnitee the Securities Act or of any affiliatethe Exchange Act, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect legal or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities expenses reasonably incurred by them in connection herewith with investigating, preparing to defend or therewith (whether before defending against or after the Closing Date) (other thanappearing as a third-party witness in connection with such loss, in the case of any Loan Partyclaim, in respect of any such damages incurred damage, liability, or paid by an Indemnitee to a third party). In the case of an investigation, litigation action or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section ‎‎3.7.1 shall not apply to amounts paid in settlement of any such Indemnitee loss, claim, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall promptly refund not be unreasonably withheld, nor shall the Company be liable in any such amount case for any such loss, claim, damage, liability, action, cost or expense to the extent that there it arises out of or is based upon a final non-appealable order Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by such ▇▇▇▇▇▇, partner, officer, director, underwriter or controlling Person of a court of competent jurisdiction that such Indemnitee was not entitled Holder. 3.7.2. To the extent permitted by law, each Holder will, if Registrable Shares held by such Holder are included in the securities as to indemnification rights with respect to which such payment pursuant to registration qualifications or compliance is being effected, indemnify and hold harmless the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive Company and each Person, if any, who controls the resignation Company within the meaning of the Administrative AgentSecurities Act, the Collateral Agent, the Swing Loan Lender any underwriter and any other Holder selling securities under such registration statement or any Issuerof such other Holder’s its affiliates, partners, directors officers or any person who controls such Holder or underwriter within the replacement of any Lender, the termination meaning of the Commitments and Securities Act or the repaymentExchange Act, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than against any Taxes that represent losses, claims, damages, etcliabilities, costs or expenses, to which the Company or any such director, officer, controlling Person, underwriter or other such Holder or controlling Person of such other Holder may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, liabilities, costs or expenses (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder under an instrument duly executed by such ▇▇▇▇▇▇ and stated to be specifically for use in connection with such registration; and each such Holder will reimburse the Company, each such controlling Person of the Company or any underwriter or other Holder, or partner, officer, director or controlling person of such other Holder in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section ‎3.7.2 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld. arising In no event shall the liability of a Holder pursuant to this Section ‎3.7.2 exceed the net proceeds from the offering received by such ▇▇▇▇▇▇, except in the event of fraud or willful misconduct of such Holder. 3.7.3. Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.7.1 or 3.7.2 herein of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 3.7.1 or 3.7.2, promptly notify the indemnifying party of the commencement thereof. Notwithstanding the foregoing, the omission to notify the indemnifying party will not relieve it from any non-Tax liability which it may have to any indemnified party under this Section 3.7, except to the extent that such failure materially prejudices the indemnifying party’s ability to defend such action and in any case will not relieve the indemnifying party from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3.7.1 or 3.7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement, which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 3.7.4. If the indemnification provided for in this Section ‎3.7 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the extent permitted by applicable law contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the Violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information concerning the matter with respect to which the claim was asserted, and opportunity to correct or prevent such statement or omission; provided, that in no event shall any contribution by a Holder hereunder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇, other than in the event of fraud or willful misconduct of such Holder; and provided, further, that no party will be liable for contribution with respect to the settlement of any claim or action effected without its written consent (which consent shall not be unreasonably withheld). 3.7.5. The obligations of the Company and the Holders under this Section 3.7 shall survive completion of any offering of Registrable Shares in a registration statement and the termination of this Agreement. No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to the indemnified party of a release from all liability in respect to such claim or litigation. The indemnification provisions of this Section 3.7 shall not be in limitation of any other indemnification provisions included in any other agreement. Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in any underwriting agreement entered into in connection with an underwritten public offering are in conflict with the foregoing provisions, the provisions in such underwriting agreement shall prevail.

Appears in 1 contract

Sources: Investors’ Rights Agreement (Gauzy Ltd.)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment Holder. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 1 contract

Sources: Investors’ Rights Agreement (BOA Acquisition Corp.)

Indemnities. 7.1 The Borrowers shall indemnify Company and the Promoter Group hereby agree, jointly and severally, to indemnify, defend and hold harmless the Agents, each Lender, each Issuer, the Arrangers BCCL and their respective Affiliates its lawful successors and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) assigns from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising costs and expenses, including reasonable legal fees and disbursements in connection therewith (collectively “Claims”) incurred by BCCL, which directly arise out of, result from or may be payable by virtue of any breach of any representation, or warranty made by the Promoter Group and/or the Company, or any covenants or agreements made or obligations required to be performed by the Promoter Group and/or the Company pursuant to this Agreement, provided that: (i) the indemnity as aforesaid shall relate only to actual losses directly incurred by BCCL and its lawful successors and permitted assigns by virtue of any breach of any representation, or warranty made by the Company and/or the Promoter Group’s covenants or agreements made or obligations required to be performed by the Company and/or the Promoter Group pursuant to this Agreement; and (ii) any claim for indemnity pursuant to this Article shall be made by the BCCL and its lawful successors and assigns by notice in writing to the Company and the Promoter Group. 7.2 BCCL agrees to indemnify, defend and hold harmless the Promoter Group, the Company and their respective lawful successors and permitted assigns from and against all or any Claims incurred by them or any of them, which directly arise out of, result from or may be payable by virtue of any breach of any representation, warranty, covenant or agreement made or obligation required to be performed by BCCL pursuant to this Agreement provided that: (i) the indemnity as aforesaid shall relate only to actual losses directly incurred by the Promoter Group, the Company and their lawful successors and assigns by virtue of any breach of any representation, warranty, covenant or agreement made or obligation required to be performed by BCCL pursuant to this Agreement; and (ii) any claim for indemnity pursuant to this Article shall be made by the Promoter Group, the Company and their lawful successors and assigns by notice in writing to BCCL. 7.3 In the event the Indemnified Party (either BCCL and its lawful successors and permitted assigns pursuant to Article 7.1 or the Promoter Group, or the Company, their successors and permitted assigns pursuant to Article 7.2) receives any notice or communication from any non-Tax claimthird party in relation to any Claim, the Indemnified Party shall promptly notify the Indemnifying Party (either the Company and the Promoter Group pursuant to Article 7.1 or BCCL pursuant to Article 7.2) of such Claim. The Indemnified Party shall not admit compromise or settle the Claim without the prior written consent of the Indemnifying Party. The Indemnifying Party may, if it so desires, by notice to the Indemnified Party, decide to defend such Claim on its own. In such circumstances, the Indemnified Party shall provide all further information or records at its disposal that may be necessary for Indemnifying Party for this purpose. The Indemnifying Party’s obligation to indemnify pursuant to this Article 7 shall arise immediately upon the Indemnified Party being required to make any payments or incur any liability pursuant to a Claim irrespective of any defence or right of appeal available to it. 7.4 The Indemnified Party shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate any losses, which in the absence of mitigation might give rise to a liability in respect of any claim for indemnity under this Article 7. 7.5 The Indemnifying Party shall not be liable in respect of any claim for indemnity in relation to any losses or damages suffered by the Indemnified Party to the extent of any corresponding financial savings by or net financial benefit to the Indemnified Party arising directly therefrom.

Appears in 1 contract

Sources: Warrant Subscription Agreement (Yatra Online, Inc.)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2: 2.7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, the Holder, each Lenderof Holder’s officers, each Issuer, the Arrangers directors and their respective Affiliates and theirpartners, and their Affiliates’any underwriter for the Holder, branchesand each person, directorsif any, officerswho controls the Holder or such underwriter, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus or other documents incident to any such registration, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, or any violation by the Company of the Securities Act, the Exchange Act, state securities laws or any other rule or regulation promulgated under such laws applicable to the Company in connection with any such registration, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or omission so made in conformity with information furnished in writing by the Holder specifically for inclusion in the prospectus or other offering materials, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.7.2 The Holder will, if registrable securities held by such Holder are included in any registration, indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (butincluding any amounts paid in any settlement effected with the Holder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and the Holder will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that , insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement or alleged untrue statement or omission made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that the indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any Loan Document such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability the Holder exceed the net proceeds received by the Holder from the sale of its securities under the applicable registration. 2.7.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action included both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf so such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or 2.7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.7.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, parties entitled to contribution to liabilities and expenses as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligencesuch registration, bad faith or willful misconduct of such Indemnitee or of if any. In any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other thanevent, in determining the case amount of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether considered the parties’ relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or not such investigationomission, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or and any other Personequitable considerations appropriate under the circumstances, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that in any such Indemnitee shall promptly refund such amount case, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee contribution from any person or entity who was not entitled to indemnification rights with respect to guilty of such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.fraudulent

Appears in 1 contract

Sources: Registration Rights Agreement (Yeung Howard P L)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Sections 6 or 7: 9.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Stockholder and their respective Affiliates and theirany underwriter for such Stockholder, and their Affiliates’each person, branchesif any, directorswho controls the Stockholder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Stockholder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Stockholder, such underwriter and each such controlling person of the Stockholder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable to any such Indemnitee shall promptly refund Stockholder, underwriter or controlling person in any such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is a final non-appealable order of a court of competent jurisdiction based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Stockholder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 indemnity shall not apply with respect be deemed to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.relieve any

Appears in 1 contract

Sources: Stockholder Agreement (Genencor International Inc)

Indemnities. In the event of any registration of Registrable Shares pursuant to this Section 3: 3.4.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Investor and their respective Affiliates and theirany underwriter for such Investor, and their Affiliates’each person, branchesif any, directorswho controls the Investor or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s reasonable consent) to which the Investor or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual or alleged presence or release a violation of Hazardous Materials on or from any property currently or formerly owned or operated applicable securities laws by the BorrowersCompany, and the Company will reimburse the Investor, such underwriter and each such controlling person of the Investor or the underwriter, promptly upon demand, for any Subsidiary reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is a final non-appealable order based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by an Investor, such underwriter or such controlling persons specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of a court any of competent jurisdiction its due diligence obligations; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 subsection 3.4.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the resignation transfer of securities by a selling shareholder. 3.4.2 Each Investor participating in a registration hereunder will indemnify and hold harmless the Company, each other Investor participating in such registration, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter or such other Investor, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s reasonable consent) to which the Company or any such controlling person and/or any such underwriter and/or such other Investor may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading, and each such Investor will reimburse the Collateral AgentCompany, each other Investor participating in such registration, any underwriter and each such controlling person of the Swing Loan Lender Company or any Issuerunderwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the replacement extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Investor specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the Final Prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the Final Prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 3.4.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the Commitments and consent of such Investor, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all an Investor exceed the other Obligations. Without limiting net proceeds from the offering received by such Investor. 3.4.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 3.4.1 or 3.4.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 3.4.1 or 3.4.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3.4.1 or 3.4.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within 15 days after the notice of the commencement of the action, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 3.4.4 If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than any Taxes that represent losses, claims, damages, etcequitable considerations appropriate under the circumstances. arising In no event shall the liability of an Investor exceed the net proceeds from any non-Tax claimthe offering received by such Investor.

Appears in 1 contract

Sources: Share Exchange Agreement (Crystal Systems Solutions LTD)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Section 2: 2.7.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Shareholder (including any officer, each Issuer, the Arrangers director or partner of such Shareholder) and their respective Affiliates and theirany underwriter for such Shareholder, and their Affiliates’each person, branchesif any, directorswho controls (within the meaning of the Exchange Act) the Shareholder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Shareholder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the Exchange Act or any Subsidiary rule or regulation promulgated thereunder applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse the Shareholder, such underwriter and each such controlling person of the Shareholder or the underwriter, promptly upon demand, for any reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission so made in conformity with information furnished in writing by a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect Shareholder, to such payment pursuant underwriter or such controlling persons specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 subsection 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Shareholder, the underwriter or any controlling person of the selling Shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling Shareholder. Such indemnity shall survive the resignation transfer of securities by a selling Shareholder. 2.7.2. Each Shareholder participating in a registration hereunder will indemnify and hold harmless the Company, its officers and directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling Shareholder’s consent) to which the Company, its officers or directors, or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading, and each such Shareholder will reimburse the Collateral AgentCompany, its officers and directors, any underwriter and each such controlling person of the Swing Loan Lender Company or any Issuerunderwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the replacement extent, but only to the extent, that such untrue statement or alleged untrue statement or omission was so made in strict conformity with written information furnished by such Shareholder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement or alleged untrue statement or omission made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Commitments and Shareholders, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Shareholder exceed the other Obligationsnet proceeds received by such Shareholder from the sale of its securities under the applicable registration. 2.7.3. Without limiting Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 2.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Sections 2.7.1 or 2.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or 2.7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement, which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.7.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration, if any. In any event, in determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than equitable considerations appropriate under the circumstances, provided, however, that in any Taxes that represent lossessuch case, claims, damages, etc. arising no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation. 2.7.5. Notwithstanding the foregoing, to the extent that the provisions on indemnification contained in the underwriting agreements entered into among the selling Shareholders, the Company and the underwriters in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall be controlling as to the Registrable Securities included in the public offering; provided, however, that if, as a result of this Section 2.7.5, any Shareholder, its officers, directors, and partners and any person controlling such Shareholder is held liable for an amount which exceeds the aggregate proceeds received by such Shareholder from the sale of Registrable Securities included in a registration, as provided in Section 2.7.2 above, pursuant to such underwriting agreement (the “Excess Liability”), the Company shall reimburse any such Shareholder for such Excess Liability.

Appears in 1 contract

Sources: Shareholders Agreement (SodaStream International Ltd.)

Indemnities. The Borrowers shall In the event of any registered offering of Registrable Securities pursuant to this Section8.6: (i) Buyer will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each LenderSeller, each Issuer, the Arrangers and their respective Affiliates and theirits equityholders, and their Affiliates’each Person, branchesif any, directorswho controls Seller or its equityholders, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of Damages (including any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee amounts paid in any way relating settlement effected with Buyer’s consent) to which Seller, its equityholders, or arising such controlling Person may become subject under applicable law or otherwise, insofar as such Damages arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and Buyer will reimburse Seller, its equityholders and each such controlling Person of Seller or its equityholders, promptly upon written demand, for any Damages incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such Damages; provided, however, that Buyer will not be liable to Seller, its equityholders, or such controlling Persons in any such case to the extent that any such Damages arise out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by Seller, its equityholders or such controlling Persons claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this Section 8.6(g)(i) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of Seller, its equityholders, or any controlling Person of Seller or its equityholders, and regardless of any sale in connection with such offering by Seller. Such indemnity shall survive the transfer of securities by Seller. (butii) As a condition precedent to Buyer’s obligations under this Section8.6(g)(ii) if Seller is participating in a registration hereunder it will furnish to Buyer in writing any information regarding Seller, the Registrable Securities held by it, and its intended method of distribution of Registrable Securities (the “Seller Information”) as Buyer may reasonably request and will indemnify and hold harmless Buyer (and each of its directors and officers), any underwriter for Buyer, any other person participating in the distribution and each Person, if any, who controls Buyer, such underwriter, or such other person, from and against any and all Damages (including any amounts paid in any settlement effected with the selling Seller’s consent) to which Buyer (and each of its directors and officers) or any such controlling Person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such Damages (or actions or Proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, based upon the Seller Information or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein in, in the light of the circumstances in which they were made, not misleading, and Seller will reimburse Buyer (and each of its directors and officers), any underwriter, any other person participating in the distribution and each such controlling Person of Buyer, any underwriter or other person, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or Proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with the Seller Information furnished by Seller specifically for inclusion therein. The foregoing indemnity is also subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the Registration Statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebyBuyer, (ii) any Commitmentunderwriter and any person, Loan or Letter of Credit if any, controlling Buyer or the use or proposed use underwriter, if a copy of the final prospectus was not furnished to the Person or entity asserting Damages at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section8.6(g)(ii) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of Seller exceed the net proceeds therefrom (including any refusal from the offering received by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or ▇▇▇▇▇▇. (iii) Promptly after receipt by an indemnified party pursuant to the provisions of Sections 8.6(g)(i) or 8.6(g)(ii) of notice of the commencement of any actual action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of Sections 8.6(g)(i) or alleged presence or release 8.6 (g)(ii), promptly notify the indemnifying party of Hazardous Materials on or the commencement thereof; however, the omission to notify the indemnifying party will not relieve it from any property currently or formerly owned or operated by liability which it may have to any indemnified party hereunder, unless such omission is materially prejudicial to the Borrowers, indemnifying party’s ability to defend such action. In case such action is brought against any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out indemnified party and it notifies the indemnifying party of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelycommencement thereof, the “Indemnified Liabilities”); provided that such indemnity indemnifying party shall nothave the right to participate in, as to any Indemniteeand, be available to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such liabilitiesindemnified party; provided, obligationshowever, lossesthat if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, damagesthe indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, penaltiesthe indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 8.6(g)(i) or 8.6 (g)(ii) for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from unless (x) the gross negligence, bad faith or willful misconduct indemnified party shall have employed counsel in accordance with the provision of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemniteethe preceding sentence, (y) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a material breach reasonable time after the notice of any obligations under any Loan Document by such Indemnitee or the commencement of any Related Indemnified Person, in each case the action and within 15 days after written notice of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdictionthe indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (z) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any dispute solely among Indemnitees judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. (iv) If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative Knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any claims against an Indemnitee in its capacity statement or in fulfilling its role as an administrative agentomission, collateral agent, issuer of Letters of Credit, or arranger or and any similar role other equitable considerations appropriate under the Facilities and other than any claims arising out circumstances. In no event shall the liability of any act or omission of HoldingsSeller exceed the net proceeds from the offering received by ▇▇▇▇▇▇. (v) Notwithstanding the foregoing, the Borrowers or any of their Affiliates. To to the extent that the undertakings to indemnify provisions on indemnification and hold harmless set forth contribution contained in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems underwriting agreement entered into in connection with this Agreement (other than damages arising from the gross negligenceunderwritten public offering are in conflict with the foregoing provisions, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, provisions in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity underwriting agreement shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimprevail.

Appears in 1 contract

Sources: Interest Purchase Agreement (Rekor Systems, Inc.)

Indemnities. In the event of the Koor-Initiated IPO pursuant to this Section 1 or a Demand Registration or Piggyback Registration pursuant to Section 2: 1.9.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each LenderKoor, each Issuerany listing sponsor or underwriter selected by Koor, the Arrangers and their respective Affiliates and theirAffiliates, and their and their Affiliates’ respective employees, branchesofficers, directors, officers, employees, agentsshareholders, partners, trustees or advisors representatives and other representatives (collectively the “Indemnitees”) controlling persons, from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgmentsproceedings, suitsinvestigations, costsliabilities, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) (collectively, “Losses”) to which any such indemnified parties may become subject under applicable law or otherwise, insofar as such Losses arise out of, are based upon or are otherwise related to, directly or indirectly: (i) any untrue statement or alleged untrue statement contained in the registration statement or included in the prospectus, as amended or supplemented, or otherwise made in connection with any Approval or (ii) the omission or alleged omission to state therein a fact in the registration statement or prospectus or otherwise connection with any Approval, and the Company will reimburse each of the indemnified parties promptly upon written demand, for any reasonable and documented out-of-pocket legal or any other expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by them in connection with investigating, preparing to defend or asserted defending against or appearing as a third-party witness in connection with such Losses; provided, however, that the Company will not be liable to any indemnified party in any such Indemnitee in case to the extent that any way relating to or arising such Losses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with and reliance on information furnished in writing by any indemnified party for the express purpose of including such information in the registration statement or prospectus or any other Approval document; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 1.9.1 shall not apply to amounts paid in settlement of any such Losses if such settlement is effected without the written consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of any of the indemnified parties and regardless of any sale in connection with (butsuch offering by Koor. Such indemnity shall survive the transfer of securities by Koor. 1.9.2. Koor will indemnify and hold harmless, to the fullest extent permitted by law, the Company and its Affiliates, and its and its Affiliates’ respective employees, officers, directors, shareholders, partners, representatives and controlling persons, from and against any and all Losses to which the Company or any such aforementioned person may become subject under applicable law, insofar as such Losses arise out of, are based upon or are otherwise related to, directly or indirectly, written information furnished by or on behalf of Koor expressly for use in connection with a Demand Registration or Piggyback Registration, and Koor will reimburse the Company or any such aforementioned person, promptly upon written demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such Losses; provided, however, that under no circumstances will the liability of Koor under this subsection 1.9.2 exceed the net proceeds received by Koor in connection with such Demand Registration or Piggyback Registration, as applicable. 1.9.3. Promptly after receipt by an indemnified party of notice of the commencement of any action that could reasonably be expected to result in Losses involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 1.9.1, promptly notify the indemnifying party of the commencement thereof; provided that the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party hereunder, except to the extent that the indemnifying party is actually prejudiced by the failure to give notice. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and other charges provisions of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel said Sections 1.9.1 for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected any legal expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 30 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. The indemnifying party will not consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 1.9.4. If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity parties entitled to indemnification by the terms thereof shall not, be entitled to compensation for Losses as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligence, bad faith Koor-Initiated IPO or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)registration. In determining the case amount of an investigation, litigation or other proceeding compensation to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant to which the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agentclaim was asserted, the Collateral Agentopportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the Swing Loan Lender or any Issuer, circumstances. In no event shall the replacement liability of any Lender, Koor exceed the termination of net proceeds from the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoffering received by Koor.

Appears in 1 contract

Sources: Registration Rights Agreement (Adama Agricultural Solutions Ltd.)

Indemnities. The Borrowers 10.1 Each Assignor will jointly and severally indemnify and save harmless the Assignee, any receiver and each agent or attorney appointed under or pursuant to this Deed from and against any and all expenses, claims, liabilities, losses, taxes, costs, duties, fees and charges suffered, incurred or made by the Assignee or such agent or attorney: (a) in the exercise or purported exercise of any rights, powers or discretions vested in them pursuant to this Deed; (b) in the preservation or enforcement of the Assignee’s rights under this Deed or the priority thereof; ​ (c) on the release of any part of the Secured Property from the security created by this Deed; or (d) arising out of any breach by any of the Assignors of any term of this Deed, and the Assignee or such receiver, agent or attorney may retain and pay all sums in respect of the same out of money received under the powers conferred by this ▇▇▇▇. All amounts suffered, incurred or paid by the Assignee or such receiver, agent or attorney or any of them shall be recoverable on a full indemnity basis, provided that nothing in this Clause 10.1 shall require any Assignor to indemnify and save harmless the Assignee or any such receiver, agent or attorney from and against any expenses, claims, liabilities, losses, taxes, costs, duties, fees and charges suffered, incurred or made by the Assignee as a result of the Assignee’s or such receiver’s, agent’s or attorney’s gross negligence, breach in bad faith of this Deed, dishonesty or wilful default. 10.2 If, under any applicable law or regulation, and whether pursuant to a judgment being made or registered against any of the Assignors or the bankruptcy or liquidation of any of the Assignors or for any other reason any payment under or in connection with this Deed is made or fails to be satisfied in a currency (the “Payment Currency”) other than the currency in which such payment is due under or in connection with this Deed (the “Contractual Currency”), then to the extent that the amount of such payment actually received by the Assignee when converted into the Contractual Currency at the applicable rate of exchange, falls short of the amount due under or in connection with this Deed, the Assignors, as a separate and independent obligation, shall indemnify and hold harmless the AgentsAssignee against the amount of such shortfall. For the purposes of this Clause 10.2, each Lender, each Issuer, “rate of exchange” means the Arrangers rate at which the Assignee is able on or about the date of such payment to purchase the Contractual Currency with the Payment Currency and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors shall take into account any premium and other representatives (collectively costs of exchange with respect thereto. 10.3 All payments to be made to the “Indemnitees”) from Assignee under this Deed shall be made free and against any clear of and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements without deduction for or on account of any kind tax unless the Assignors are required to make such payment subject to the deduction or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out withholding of or in connection with (buttax, in which case the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected sum payable by such conflict Assignor in respect of interest informs the Borrowers in writing of which such conflict of interest), one additional counsel in each relevant jurisdiction deduction or withholding is required to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity be made shall not, as to any Indemnitee, be available increased to the extent that such liabilitiesnecessary to ensure that, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) after the gross negligence, bad faith or willful misconduct making of such Indemnitee deduction or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdingswithholding, the Borrowers person on account of whose liability to tax such deduction or any of their Affiliates. To the extent that the undertakings to indemnify withholding has been made receives and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising retains (free from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred deduction or paid by an Indemnitee to withholding) a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount net sum equal to the extent that there is a final non-appealable order of a court of competent jurisdiction that sum which it would have received and so retained had no such Indemnitee was not entitled deduction or withholding been made or required to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimbe made.

Appears in 1 contract

Sources: Credit Agreement (International Seaways, Inc.)

Indemnities. If any Registrable Shares are included in a registration statement pursuant to this Agreement: 6.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each LenderHolder, each Issuer, any underwriter (as defined in the Arrangers and their respective Affiliates and theirSecurities Act) for such Holder, and their Affiliates’each person, branchesif any, directors, officers, employees, agents, partners, trustees who controls such Holder or advisors and other representatives such underwriter (collectively and individually referred to as the “Indemnitees”) "Indemnified Party"), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company’s consent, which consent will not be unreasonably withheld) to which such Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements arise out of are based upon (i) any untrue statement or alleged untrue statement of any kind material fact contained in the registration statement or nature whatsoever included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which may at they are made, not misleading or (iii) any time be imposed onviolation or alleged violation by the Company of the Securities Act or the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or any rules or regulations promulgated thereunder, and the Company will reimburse each Indemnified Party, promptly upon demand, for any reasonable legal or any other expenses incurred by or asserted against any such Indemnitee in any way relating to or arising out of or them in connection with (butinvestigating, in the case of Attorney Costspreparing to defend, limited to the reasonable and documented out-of-pocket feesor defending against, disbursements and other charges of one counsel to all Indemnitees taken or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not strictly comply be liable in any such case to the extent that any such loss, damage, liability, cost, or expense arises solely out of or is based solely upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the terms Company by the Indemnified Party, in writing, specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Section 6.1 shall not apply to amounts paid in settlement of any such Letter claim, loss, damage, liability, or action if such settlement is effected without the Company’s consent, which consent will not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of Creditany investigation made by or on behalf of the Indemnified Party, and regardless of any sale in connection with such offering by such Holder. Such indemnity shall survive the transfer of securities by a Holder. 6.2. Each Holder participating in a registration hereunder will indemnify and hold harmless the Company its Executive Officers, Directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter (collectively and individually, the "Indemnifiable Parties"), from and against any and all losses, damages, claims, liabilities, costs, or expenses (including any amount paid in any settlement effected with such Holder’s consent, which consent will not be unreasonably withheld) to any Indemnifiable Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs, or expense arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the Borrowers, any Subsidiary Company of the Securities Act or any other Loan Partythe Securities and Exchange Act, or any Environmental Liabilities arising out rules or regulations promulgated thereunder and such Holder will reimburse each Indemnifiable Party, promptly upon demand, for any reasonable legal or other expenses incurred by such Indemnifiable Party in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, action, or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement), or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, and (ii) any underwriter, if a copy of the activities final prospectus was not furnished to the person or operations entity asserting the loss, liability, claim, or damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Section 6.2 shall not apply to amounts paid in settlement of any such claim loss, damage, liability, or action if such settlement is effected without the consent of such Holder, as the case may be, which consent shall not be unreasonably withheld; and provided, further, that the maximum amount of liability in respect of such indemnification shall be limited, in the case of each Holder, to an amount equal to the net proceeds actually received by such Holder from the sale of Registrable Shares sold pursuant to such registration. 6.3. Promptly after receipt by an Indemnified and/or Indemnifiable Party pursuant to the provisions of Section 6.1 or 6.2 of notice of the Borrowerscommencement of any action involving the subject matter of the foregoing indemnity provisions, such Indemnified and/or Indemnifiable Party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 6.1 or 6.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party shall only relieve it from any Subsidiary or liability which it may have to any Indemnified and/or Indemnifiable Party to the extent that such indemnifying party has been damaged by such omission to notify hereunder. In case such action is brought against any Indemnified and/or Indemnifiable party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other Loan indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such Indemnified or Indemnifiable Party; provided, however, that if the defendants in any action include both the Indemnified or Indemnifiable Party and the indemnifying party and if in the reasonable judgment of the Indemnified or Indemnifiable party there are separate defenses that are available to the Indemnified or Indemnifiable party or there is a conflict of interest which would prevent counsel for the indemnifying party from also representing the Indemnified or Indemnifiable party, the Indemnified or Indemnifiable Party(ies) shall have the right to select, at the expense of the indemnifying party, separate counsel to participate in the defense of such action; provided, further, however, that if the Holders are the Indemnified Party, the Holders shall be entitled to one (1) separate counsel at the expense of the Company and if underwriters are also Indemnified parties who are entitled to counsel separate from the indemnifying party, then all underwriters as a group shall be entitled to one (1) separate counsel at the expense of the Company. After notice from the indemnifying party of its election so to assume the defense thereof, the indemnifying party will not be liable to such Indemnified or Indemnifiable Party pursuant to the provisions of said Section 6.1 or 6.2 above for any legal or other expense subsequently incurred by such Indemnified or Indemnifiable Party in connection with the defense thereof, unless (i) the Indemnified or Indemnifiable Party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the Indemnified or Indemnifiable Party to represent the same within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the Indemnified or Indemnifiable Party’s intention to employ separate counsel pursuant to the previous sentence, (iii) the indemnifying party has authorized the employment of counsel for the Indemnified or Indemnifiable Party at the expense of the indemnifying party, or (iv) any actual the indemnifying party has authorized the employment of counsel but such party or prospective claim, litigation, investigation or proceeding relating counsel fails to any of vigorously defend the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense action. No indemnifying party will consent to entry of any pending judgment or threatened claimenter into any settlement, investigationwhich does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified or Indemnifiable Party of a release from all liability in respect to such claim or litigation. 6.4. If recovery is not available under the foregoing indemnification provisions, litigation or proceeding) and regardless of whether for any Indemnitee is a party thereto (all the foregoing, collectivelyreason other than as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, as parties entitled to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred indemnification by the Indemnitees or any of them. No Indemnitee terms thereof shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating entitled to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee contribution to a third party)liabilities and expenses. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant which the right to indemnification was asserted, the express terms opportunity to correct and prevent any statement or omission, and any other equitable consideration appropriate under the circumstances. In no event shall any party that is found liable for fraudulent misrepresentation within the meaning of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 1(f) of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect Securities Act be entitled to Taxes other than any Taxes that represent losses, claims, damages, etc. arising contribution hereunder from any non-Tax claimparty not found so liable.

Appears in 1 contract

Sources: Warrant Agreement (Nur Macroprinters LTD)

Indemnities. The Borrowers shall Company agrees, in addition to any other indemnity obligations set forth in the Lease and any other Operative Document, to indemnify and hold harmless the Agents, each Lender, each Issuersave harmless, the Arrangers Lessor and their respective Affiliates any of its successors and theirassigns, and their Affiliates’, branchesits officers, directors, officersincorporators, shareholders, employees, agents, partners, trustees or advisors attorneys, affiliates and other representatives servants (individually an "Indemnified Party" and collectively the “Indemnitees”"Indemnified Parties") from and against any and all liabilities, obligationsLiens, Impositions, losses, damagesobligations, claims, damages (including, without limitation, penalties, claimsfines, court costs and administrative service fees), penalties, demands, actionscauses of action, suits, proceedings (including any investigations, litigation or inquiries), judgments, suitsorders, costssums paid in settlement of claims, reasonable and documented out-of-pocket costs and expenses and disbursements of any kind or nature whatsoever whatsoever, including, without limitation, reasonable attorneys' fees and expenses and all other expenses incurred in connection with investigating, defending or preparing to defend any cause of action, suit or proceeding (including any investigations, litigation or inquiries) or claim which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to involve any of the foregoing, whether based on contract, tort or any other theory them (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of them is named as a party thereto) as a result of, arising directly or indirectly out of or in any way related to (a) the transactions contemplated hereunder failure of the Company to perform or caused to be performed, or the inadequacy of, the environmental due diligence required under Article IV above, (b) the breach of any representation or warranty set forth under the Lease or any of the other Loan Operative Documents regarding Environmental Requirements, (c) the failure of the Company to perform any obligation required to be performed under the Lease or any other Operative Documents pursuant to Environmental Requirements, and (d) all acts or omissions by or on behalf of the Company (both in its individual capacity and in its capacity as Acquisition Agent), its contractors, employees, agents, licensees, representatives or any other Person for whose conduct the Company is consummated. All amounts due responsible in connection herewith under this Section 12.4 shall be paid within thirty Agreement (30) days after written demand therefor ;collectively, the "Indemnified Risks"); provided, however, that such Indemnitee no Indemnified Party shall promptly refund such amount be entitled to indemnity (or any other payment or reimbursement) for any Indemnified Risks to the extent that there is a final non-appealable order of a court of competent jurisdiction that 108 115 such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation Indemnified Risks result from or arise out of the Administrative Agent, the Collateral Agent, the Swing Loan Lender willful misconduct or any Issuer, the replacement gross negligence of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimsuch Indemnified Party.

Appears in 1 contract

Sources: Master Lease Agreement (Flowers Industries Inc /Ga)

Indemnities. The Borrowers shall (i) Smit▇ ▇▇▇ Wils▇▇ ▇▇▇ee to indemnify and hold harmless any Wils▇▇ ▇▇▇emnified Party who has sold Smit▇ Shares pursuant to the AgentsResale Registration Statement and each Person, each Lenderif any, each Issuerwho controls Seller or Conemsco within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements Damages arising out of or based upon any kind untrue statement or nature whatsoever which may at any time be imposed on, incurred by alleged untrue statement of a material fact contained in the Resale Registration Statement or asserted against any such Indemnitee the final prospectus contained therein relating to the Smit▇ ▇▇▇res or in any way relating to amendment or supplement thereto, or arising out of or in connection with (butbased upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in the case of Attorney Costsexcept insofar as such Damages arise out of, limited to the reasonable and documented out-of-pocket feesor are based upon, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual any such untrue statement or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers omission or allegation thereof based upon information furnished in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance Smit▇ ▇▇ Seller or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, on Seller's behalf expressly for use therein. (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) CE and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings Conemsco agree to indemnify and hold harmless set forth any CE Indemnified Party and each Person, if any, who controls Smit▇ ▇▇ Wils▇▇ ▇▇▇hin the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all Damages arising out of or based upon any untrue statement or alleged untrue statement of a material fact by Seller contained in this Section 12.4 may be unenforceable in whole the Resale Registration Statement or the prospectus contained therein and relating to the Smit▇ ▇▇▇res or in part because they are violative of any applicable Law amendment or public policysupplement thereto, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before based upon any omission or after alleged omission by Seller to state. therein a material fact required to be stated therein or necessary to make the Closing Date) (other thanstatements therein not misleading, in the case of any Loan Partyprovided that such Damages arise out of, in respect of or are based upon, any such damages incurred untrue statement or paid by an Indemnitee omission or allegation thereof based upon information furnished in writing to a third party). In the case of an investigation, litigation Smit▇ ▇▇ Seller or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimon Seller's behalf expressly for use therein.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Smith International Inc)

Indemnities. The Borrowers shall In the event of any registered offering of Common Stock pursuant to this Article VII: (a) Seller will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with Seller's consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they are made, not misleading, and Seller will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that Seller will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in strict conformity with written information furnished by a Holder to the managing underwriter specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 7.7(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Seller, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Holder, the underwriter or any controlling person of the selling Holder or the underwriter, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the transfer of securities by a selling Holder. (butb) Each Holder participating in a registration hereunder will indemnify and hold harmless Seller, any underwriter for Seller, and each person, if any, who controls Seller or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling Holder's consent) to which Seller or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case light of Attorney Coststhe circumstances under which they were made, limited not misleading, and each such Holder will reimburse Seller, any underwriter and each such controlling person of Seller or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, (c) Promptly after receipt by an indemnified party pursuant to the reasonable provisions of subsections 7.7(a) or (b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said subsections 7.7(a) or (b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than to the extent the party to be notified is actually prejudiced thereby. In case such action is brought against any indemnified party and documented out-of-pocket feesit notifies the indemnifying party of the commencement thereof, disbursements the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and other charges the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and participate in the case defense of an actual such action on behalf of such indemnified party or potential conflict parties. After notice from the indemnifying party to such indemnified party of interest between Indemnitees its election to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said subsections 7.7(a) or (where the Indemnitee(sb) affected for any legal or other expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. (d) If recovery is not available under the foregoing indemnification provisions with respect to a matter referred to in Sections 7(a) or 7(b) hereof, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not parties entitled to indemnification rights with respect to such payment pursuant to by the express terms of this Section 12.4. The agreements in this Section 12.4 thereof shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.be

Appears in 1 contract

Sources: Stock Purchase Agreement (Enron Capital & Trade Resources Corp)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Agreement: 8.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers Holder and their respective Affiliates and theirany underwriter for the Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs, and expenses (including any amounts paid in any settlement effected with the Company's consent, which consent shall not be unreasonably withheld) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demands, actions, judgments, suitsliabilities (or actions or proceedings in respect thereof), costs, reasonable and documented out-of-pocket or expenses and disbursements arise out of are based upon (i) any untrue statement or alleged untrue statement of any kind material fact contained in the registration statement or nature whatsoever included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such documents may have been updated by later dated documents), or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which may at they are made, not misleading or (iii) any time be imposed onviolation or alleged violation by the Company of the Securities Act or the Securities and Exchange Act of 1934, or any rules or regulations promulgated thereunder, and the Company will reimburse the Holder, such underwriter, and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by or asserted against any such Indemnitee in any way relating to or arising out of or them in connection with (butinvestigating, in the case of Attorney Costspreparing to defend, limited to the reasonable and documented out-of-pocket feesor defending against, disbursements and other charges of one counsel to all Indemnitees taken or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do loss, claim, damage, liability, action, or proceeding; provided, however, that the Company will not strictly comply be liable in any such case to the extent that any such loss, damage, liability, cost, or expense arises solely out of or is based solely upon an untrue statement or alleged untrue statement, or omission or alleged omission, so made in conformity with information furnished to the Company in writing by the Holder, such underwriter, or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; and provided, further, that the indemnity agreement contained in this Sub-Section 8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability, or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder, the underwriter, or any controlling person of the Holder or the underwriter, and regardless of any sale in connection with such offering by the Holder. Such indemnity shall survive the transfer of securities by a Holder. 8.2 The Holder participating in a registration hereunder will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs, or expenses (including any amount paid in any settlement effected with the terms Holder's consent, which consent shall not be unreasonably withheld) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs, or expense arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented (including, in each case, all documents incorporated by reference therein, as such Letter documents may have been updated by later dated documents), or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of Credit)the circumstances in which they are made, not misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the Borrowers, any Subsidiary Company of the Securities Act or any other Loan Partythe Securities and Exchange Act of 1934, or any Environmental Liabilities arising out rules or regulations promulgated thereunder and the Holder will reimburse the Company, any underwriter, and each such controlling person of the activities Company or operations any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend, or defending against, or appearing as a third-party witness in connection with such loss, claim, damage, action, or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished in a certificate by the Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement), or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the Borrowersfinal prospectus was not furnished to the person or entity asserting the loss, any Subsidiary or any other Loan Partyliability, claim, or (iv) damage at or prior to the time such furnishing is required by the Security Act; provided, further, that this indemnity shall not be deemed to relieve any actual underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this Sub-Section 8.2 shall not apply to amounts paid in settlement of any such claim loss, damage, liability, or prospective claimaction if such settlement is effected without the consent of the Holder, litigationas the case may be, investigation which consent shall not be unreasonably withheld. In no event shall the liability of the Holder exceed the gross proceeds from the offering received by the Holder. 8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Section 8.1 or proceeding relating 8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 8.1 or 8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party shall only relieve it from any liability which it may have to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document indemnifying party has been damaged by such Indemnitee or omission to notify hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdingscommencement thereof, the Borrowers or any of their Affiliates. To indemnifying party shall have the right to participate in, and, to the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 it may be unenforceable in whole or in part because they are violative of any applicable Law or public policywish, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection jointly with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after indemnifying party similarly notified, to assume the Closing Date) (other than, in the case of any Loan Party, in respect of any defense thereof with counsel reasonably satisfactory to such damages incurred or paid by an Indemnitee to a third indemnified party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;; provided, however, that such Indemnitee shall promptly refund such amount if the defendants in any action include both the indemnified party and the indemnifying party and if in the reasonable judgment of the indemnified party there are separate defenses that are available to the extent that indemnified party or there is a final non-appealable order conflict of interest which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select, at the expense of the indemnifying party, separate counsel to participate in the defense of such action on behalf of such indemnified party or parties; provided, further, however, that if the Holder is the indemnified party, the Holder shall be entitled to one separate counsel at the expense of the Company and if underwriters are also indemnified parties who are entitled to counsel separate from the indemnifying party, then all underwriters as a group shall be entitled to one separate counsel at the expense of the Company. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Section 8.1 or 8.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified party's intention to employ separate counsel pursuant to the previous sentence, (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party or (iv) the indemnifying party has authorized the employment of counsel but such party or counsel fails to vigorously defend the action. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a court of competent jurisdiction that release from all liability in respect to such Indemnitee was claim or litigation. 8.4 If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification rights by the terms thereof shall be entitled to contribution to liabilities and expenses. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties' relative knowledge and access to information concerning the matter with respect to such payment pursuant which the right to indemnification was asserted, the express terms opportunity to correct and prevent any statement or omission, and any other equitable consideration appropriate under the circumstances. In no event shall any party that is found liable for fraudulent misrepresentation within the meaning of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 1(f) of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect Securities Act be entitled to Taxes other than any Taxes that represent losses, claims, damages, etc. arising contribution hereunder from any non-Tax claimparty not found so liable, and in no event shall any contribution from the Holder be more than the gross proceeds that it receives from the offering .

Appears in 1 contract

Sources: Registration Rights Agreement (Nur Macroprinters LTD)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to Section 2 hereof: 2.6.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each Person, branchesif any, directors, officers, employees, agents, partners, trustees who controls the Holder or advisors and other representatives such underwriter (collectively the “Holder's Indemnitees”) ), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder's Indemnitees may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading; and the Company will reimburse the Holder's Indemnitees, promptly upon demand, for any reasonable legal or any reasonable other expenses actually incurred and paid by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder and its respective Holder's Indemnitees in writing specifically for inclusion therein; provided, further, that the foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement or omission made in the case of Attorney Costspreliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the Final Prospectus, limited such indemnity agreement shall not inure to the reasonable and documented out-of-pocket fees, disbursements and other charges benefit of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionHolder and Holder Indemnities and (ii) any underwriter, deliveryif a copy of the final prospectus was supposed to be furnished by them but was not so furnished by them or by someone else on their or the Company's behalf to the Person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the Securities Act, provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.6.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder, the underwriter or any other agreementcontrolling Person of the Holder or the underwriter, letter or instrument delivered and regardless of any sale in connection with such offering by the transactions contemplated thereby Holder. Such indemnity shall survive the transfer of securities by a Holder. 2.6.2. Each Holder participating in a registration hereunder (a “Participant”) will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the consummation Company may reasonably request and will indemnify and hold harmless the Company, each of its directors and officers, any other Paticipant, and any underwriter for the transactions contemplated therebyCompany or such other Participant(s), and each Person, if any, who controls the Company, such other Particpant or such underwriter (“Company's Indemnitees”), from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the indemnifying Participant’s consent) to which the Company's Indemnitees may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, (ii) any Commitment, Loan or Letter of Credit the omission or the use alleged omission to state therein a material fact required to be stated therein or proposed use necessary to make the statements therein, in the light of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented circumstances in connection with such demand do which they were made, not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersHolder of the Securities Act, the Exchange Act, any Subsidiary state securities law or any other Loan Partyrule or regulation promulgated under the Securities Act, the Exchange Act or any Environmental Liabilities arising out state securities law in connection with the registration statement or the offering contemplated thereby, and each such indemnifying Participant will reimburse the Company's Indemnitees, promptly upon demand, for any reasonable legal or other reasonable expenses actually incurred and paid by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such indemnifying Participant specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the Final Prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, (ii) any such other Participant and (iii) any underwriter, if a copy of the activities final prospectus was not furnished to the Person or operations entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.6.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Borrowersindemnifying Holders, as the case may be, which consent shall not be unreasonably withheld. 2.6.3. Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.6.1 or 2.6.2 of notice of the commencement of any Subsidiary action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Sections 2.6.1 or any other Loan Party2.6.2, or promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from (ivi) any actual or prospective claim, litigation, investigation or proceeding relating liability which it may have to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available hereunder except to the extent that such liabilitiesfailure materially prejudices the indemnifying party's ability to defend such action, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (zii) any dispute solely among Indemnitees other liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer indemnified party and it notifies the indemnifying party of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdingscommencement thereof, the Borrowers or any of their Affiliates. To indemnifying party shall have the right to participate in, and, to the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 it may be unenforceable in whole or in part because they are violative of any applicable Law or public policywish, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection jointly with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after indemnifying party similarly notified, to assume the Closing Date) (other than, in the case of any Loan Party, in respect of any defense thereof with counsel reasonably satisfactory to such damages incurred or paid by an Indemnitee to a third indemnified party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;; provided, however, that such Indemnitee shall promptly refund such amount to if the extent that defendants in any action include both the indemnified party and the indemnifying party and there is a final non-appealable order conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party or parties of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party or parties pursuant to the provisions of said Sections 2.6.1 or 2.6.2 for any legal or other expense subsequently incurred by such indemnified party or parties in connection with the defense thereof, unless (i) the indemnified party or parties shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party or parties shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified party's or parties’ intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party or parties at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a court of competent jurisdiction that release from all liability in respect to such Indemnitee was claim or litigation. 2.6.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification rights by the terms thereof shall be entitled to contribution to liabilities and expenses from the indemnifying party in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and the indemnified party on the other in connection with the statements or omissions which resulted in such loss, liability, claim, damage or expense, as well as any other equitable considerations or as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties' relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. Provided, however, that no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person or entity who was not guilty of such payment pursuant fraudulent misrepresentation. 2.6.5. The parties agree to promptly notify each other of the express terms commencement of any litigation or proceedings against the Company or any of its officers or directors in connection with the sale of any Registrable Shares or any preliminary prospectus or registration statement relating to any sale or any Registrable Shares, or of any other litigation or proceedings to which this Section 12.42.6 is applicable of which they became aware. 2.6.6. The agreements in rights and obligations of the Company and the Holders under this Section 12.4 2.6 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement completion of any Lender, the termination offering of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Registrable Shares in a registration statement under Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim2.

Appears in 1 contract

Sources: Registration Rights Agreement (Kamada LTD)

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: (a) The Borrowers shall Company will indemnify and hold harmless the AgentsElbit, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, its officers, directors and employees, agentsharmless, partnersto the fullest extent permitted by law, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which Elbit may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the preliminary or final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse Elbit , promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by Elbit specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 3(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. (butb) Elbit will indemnify and hold the Company, its officers, directors and employees, and any underwriters for the Company harmless from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the preliminary or final prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and Elbit will reimburse the Company and any underwriter promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by Elbit specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 3(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Elbit, which consent shall not be unreasonably withheld. (c) Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3(a) or 3(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 3(a) or 3(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3(a) or 3(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of release from all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any to such damages incurred claim or paid by an Indemnitee to a third party)litigation. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due The indemnification provisions under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements 3 will remain in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement full force and effect regardless of any Lender, investigation by the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimindemnified party(ies).

Appears in 1 contract

Sources: Registration Rights Agreement (Elbit Vision Systems LTD)

Indemnities. The Borrowers shall indemnify In addition to and without limiting the terms of any other provision of this Agreement, the Company agrees to indemnify, pay and hold harmless the Agents, each Lender, each Issuer, the Arrangers Holder and their respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees or advisors agents and other representatives attorneys (collectively the “Indemnitees”) harmless to the fullest extent permissible under applicable law, from and against against, permitted by law, any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costsclaims, costs and expenses (including all reasonable fees and documented out-of-pocket expenses and disbursements of counsel to such Indemnitees) of any kind or nature whatsoever which that may at any time be imposed on, incurred by by, or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for them by an unrelated third party arising out of claims asserted against the Indemnitees or any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with them as a result of such Indemnitees being parties to this Agreement (other than damages arising or the transactions consummated pursuant to this Agreement; provided, that the Company shall have no obligation to an Indemnitee hereunder with respect to liabilities to the extent resulting from the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee jurisdiction or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)binding arbitration. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto If and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled the foregoing undertaking may be unenforceable for any reason, the Company agrees to indemnification rights with respect to such payment pursuant make the maximum contribution to the express terms payment and satisfaction thereof which is permissible under applicable law; provided further that this indemnity provision shall not apply to any third party claim against Indemnitees from any of this the Indemnitees’ Affiliates, investors, limited partners, managers, retired managers, directors, former directors, partners, retired partners, members, retired members, shareholders or any of their family members. This Section 12.4. The agreements in this Section 12.4 11.1 and all other indemnification provisions contained within the Transaction Documents shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimAgreement.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (CommunitySouth Financial CORP)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section ‎2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment Holder. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 1 contract

Sources: Merger Agreement (10X Capital Venture Acquisition Corp)

Indemnities. The Borrowers shall Corporation hereby covenants and agrees to protect, indemnify and hold harmless the AgentsUnderwriter and its directors, each Lenderofficers and employees, each Issuersolicitors and agents (individually, an "Indemnified Party" and, collectively, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”"Indemnified Parties") from and against any and all liabilities, obligations, losses, damages, penaltieslosses (except for loss of profits), claims, demands, actions, judgments, suits, costs, reasonable and documented out-damages or liabilities which they may suffer or incur caused by or arising directly or indirectly by reason of-pocket expenses and disbursements : (i) any information or statement (except any information or statement relating solely to or provided by the Underwriter) contained in the Preliminary Prospectus, Prospectus or any Supplementary Material being or being alleged to be a misrepresentation; (ii) the omission to state in the Preliminary Prospectus, Prospectus or any Supplementary Material a material fact required to be stated therein or necessary to make the statements therein not misleading (except the omission to state a material fact relating solely to the Underwriter); (iii) the Corporation not complying with any requirement of any kind securities legislation or nature whatsoever which may at regulatory requirements of any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or Qualifying Province in connection with the Offering or the Prospectus Qualification; (butiv) any order made or any inquiry, investigation or proceeding commenced or threatened by any regulatory authority based upon an allegation that any untrue statement or alleged omission or any misrepresentation or alleged misrepresentation in the case of Attorney CostsPreliminary Prospectus, limited the Prospectus or any Supplementary Material exists (except any information or statement relating solely or provided by to the reasonable and documented out-of-pocket feesUnderwriter) which prevents or restricts the trading in or distribution of the Special Warrants or the Subject Securities; or (v) the Corporation's failure to comply with any of its obligations hereunder. If any action or claim shall be asserted against an Indemnified Party in respect of which indemnity may be sought from the Corporation pursuant to the provisions hereof, disbursements and other charges of one counsel or if any potential claim contemplated by this section shall come to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case knowledge of an actual or potential conflict of interest between Indemnitees (where Indemnified Party, the Indemnitee(s) affected by such conflict of interest informs Indemnified Party shall promptly notify the Borrowers Corporation in writing of the nature of such conflict of interestaction or claim (provided that any failure to so notify shall not affect the Corporation's liability under this paragraph unless such delay has prejudiced the defence to such claim). The Corporation shall be entitled but not obliged to participate in or assume the defence thereof, one additional provided, however that the defence shall be through legal counsel acceptable to the Indemnified Party, acting reasonably. In addition, the Indemnified Party shall also have the right to employ separate counsel in each relevant jurisdiction to each group any such action and participate in the defence thereof, and the fees and expenses of affected Indemnitees similarly situated taken as a whole) such counsel shall be borne by the Indemnified Party, unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered employment thereof has been specifically authorized in connection with writing by the transactions contemplated thereby or the consummation of the transactions contemplated thereby, Corporation; (ii) any Commitmentthe Indemnified Party has been advised by counsel acceptable to the Corporation, Loan or Letter of Credit or the use or proposed use acting reasonably, that representation of the proceeds therefrom (including any refusal Corporation and the Indemnified Party by an Issuer the same counsel would be inappropriate due to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), actual or potential differing interests between them; or (iii) any actual the Corporation has failed within a reasonable time after receipt of such written notice to assume the defence of such action or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by claim. It is understood and agreed that the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity Corporation shall not, as to in connection with any Indemniteesuit in the same jurisdiction, be available liable for the legal fees and expenses of more than one separate legal firm to represent the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or Indemnified Parties. Neither party shall effect any settlement of any affiliatesuch action or claim or make any admission of liability without the written consent of the other party, director, officer, employee such consent not to be unreasonably withheld or agent of such Indemnitee, (y) a material breach delayed. The indemnity hereby provided for shall remain in full force and effect and shall not be limited to or affected by any other indemnity in respect of any obligations under matters specified in this section obtained by the Indemnified Party from any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesperson. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it Indemnified Party is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by not a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating party to this Agreement or the Underwriter shall obtain and hold the right and benefit of this section in trust for and on behalf of such Indemnified Party. The Corporation hereby waives its right to recover contribution from the Underwriter with respect to any other Loan Document liability of the Corporation by reason of or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, any misrepresentation contained in the case of Preliminary Prospectus, the Prospectus or in any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;Supplementary Material; provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 waiver shall not apply with in respect of liability caused or incurred by reason of or arising out of any misrepresentation which is based upon or results from information relating solely to Taxes other than and provided by the Underwriter contained in such document. The Corporation hereby consents to personal jurisdiction and service and venue in any Taxes court in which any claim which is subject to indemnification hereunder is brought against the Underwriter or any Indemnified Party and to the assignment of the benefit of this section to any Indemnified Party for the purpose of enforcement provided that represent losses, nothing herein shall limit the Corporation's right or ability to contest the appropriate jurisdiction or forum for the determination of any such claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Underwriting Agreement (Bid Com International Inc)

Indemnities. (1) The Borrowers shall Corporation (the “Indemnitor”) hereby agrees to indemnify and hold harmless the Agents and/or any of their subsidiaries, affiliates and syndicate members, and each of their partners, shareholders, advisers, directors, officers and employees (“Personnel” and together with the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “IndemniteesIndemnified Parties”) harmless to the full extent from and against any and all expenses, losses (other than loss of profits), fees, claims, actions (including shareholder actions, derivative actions or otherwise), damages, obligations or liabilities, obligationswhether joint or several (including the aggregate amount paid in reasonable settlement of any actions, suits, investigations, proceedings or claims), and the reasonable fees and expenses of their counsel that may be incurred in investigating, settling, advising with respect to and/or defending any actual or threatened claim, action, suit, investigation or proceeding that may be made against the Agents, to which the Agents and/or the Personnel may become subject or otherwise involved in any capacity under any statute or common law or otherwise insofar as such expenses, losses, claims, damages, penaltiesliabilities or actions arise out of or are based, directly or indirectly, upon the performance of professional services rendered to the Indemnitor by the Agents and the Personnel hereunder (the “Engagement”), whether performed before or after the date hereof, together with any losses, claims, demands, actions, judgmentsdamages or liabilities incurred in enforcing this indemnity, suitsprovided, however, that this indemnity shall not apply to the extent that a court of competentjurisdiction in a final judgment that has become non-appealable shall determine that: (a) the Agents or the Personnel, as applicable, have been grossly negligent or have committed any fraudulent act in the course of such performance; and (b) the expenses, losses, claims, damages or liabilities, as to which indemnification is claimed, resulted solely from the fraud or gross negligence referred to in (a). (2) If for any reason (other than the occurrence of any of the events itemized above), the foregoing indemnification is unavailable to the Agents, or insufficient to hold them harmless, then the Indemnitor shall contribute to the losses, claims, costs, damages, expenses or liabilities (except loss of profit or consequential damage) of the nature provided for above which are paid or payable by any Indemnified Party in such proportion as is appropriate to reflect not only the relative benefits received by the Indemnitor on the one hand and the Indemnified Parties on the other hand but also the relative fault of the Indemnitor and the Indemnified Parties as well as any relevant equitable considerations; provided that the Indemnitor shall in any event contribute to the losses, claims, costs, damages, expenses or liabilities (except loss of profit or consequential damage) of the nature provided for above paid or payable by any Indemnified Party, the amount (if any) equal to (i) such amount paid or payable, minus (ii) the amount of the fees received by the Indemnified Parties, if any, hereunder. In the event that the Indemnitor may be entitled to contribution from the Agents under the provisions of any statute or law, the Indemnitor shall be limited to contribution in any amount not exceeding the lesser of the portion of the amount of losses, claims, costs, damages, expenses and liabilities giving rise to such contribution for which the Agents are responsible and theamount of the fees received by the Agents. (3) The Indemnitor agrees that no Indemnified Party shall have any liability (either direct or indirect, in contract or tort or otherwise) to any Indemnitor or any person asserting claims on an Indemnitor’s behalf or in right for or in connection with the Engagement, except to the extent that any losses, claims, costs, damages, expenses or liabilities (except loss of profit or consequential damage) incurred by the Indemnitor are determined by a court of competent jurisdiction in a final judgement (in a proceeding in which the applicable Indemnified Party is named as a party) that has become non-appealable to have resulted solelyfrom the fraud or gross negligence of such Indemnified Party. (4) The Indemnitor agrees that in case any legal proceeding shall be brought against, or an investigation is commenced in respect of, the Indemnitor and/or an Indemnified Party and an Indemnified Party or its personnel are required to testify in connection therewith or shall be required to respond to procedures designed to discover information regarding, in connection with or by reason of the Engagement, the Indemnified Party shall have the right to employ its own counsel in connection therewith, and the reasonable fees and documented expenses of such counsel as well as the reasonable costs (including an amount to reimburse the Indemnified Party for time spent by its personnel in connection therewith at their normal per diem rates together with such disbursements and out-of-pocket expenses and disbursements incurred by the personnel of theIndemnified Party in connection therewith) shall be paid by the Indemnitor as they occur. (5) The applicable Indemnified Party will notify the Indemnitor promptly in writing after receiving notice of any kind claim against it or nature whatsoever receipt of notice of the commencement of any investigation which is based, directly or indirectly, upon any matter in respect of which indemnification may at any time be imposed onsought from the Indemnitor, incurred by or asserted against any such Indemnitee in any way relating to or arising out stating the particulars thereof, will provide copies of or in connection with (but, in the case of Attorney Costs, limited all relevant documentation to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole Indemnitor and, if reasonably necessaryunless the Indemnitor assumes the defence thereof, a single local counsel for will keep the Indemnitor advised of the progress thereof and will discuss all Indemnitees taken as a whole in each relevant jurisdictionsignificant actions proposed. However, and in the case of an actual or potential conflict of interest between Indemnitees (where omission to so notify the Indemnitee(s) affected by such conflict of interest informs Indemnitor shallnot relieve the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration Indemnitor of any Loan Document or any other agreementliability which the Indemnitor may have to an Indemnified Party. (6) The Indemnitor shall be entitled, letter or instrument delivered at its own expense, to participate in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebyand, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that they may wish to do so, assume the defence of any claim in respect of which indemnification is sought hereunder, provided that(a) such liabilitiesdefence is conducted by counsel of good standing acceptable to the Agents, obligationsacting reasonably, losses(b) no settlement of any such legal proceeding may be made by the Indemnitor without the prior written consent of the Indemnified Party, damagesacing reasonably, penaltiesas applicable, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from and (xc) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers Party shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall not be liable for any damages arising from the use by others settlement of any information or other materials obtained through IntraLinks or other similar information transmission systems such legal proceeding unless it has consented in connection writing to such settlement, such consent not to be unreasonably withheld. If such defence is assumed by the Indemnitor, the Indemnitor throughout the course thereof will provide copies of all relevant documentation to theapplicable Indemnified Party, will keep such Indemnified Party advised of the progress thereof and will discuss with this Agreement such Indemnified Party all significant actions proposed. (other than damages arising from 7) Notwithstanding the gross negligenceforegoing, bad faith or willful misconduct any Indemnified Party shall have the right, at the Indemnitor’s expense, to separately retain counsel of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Indemnified Party’s choice, in respect of the defence of any claim inwhich indemnification is sought hereunder, provided that the Indemnified Party acts reasonably in selecting such damages incurred or paid by an Indemnitee counsel. (8) The indemnity and contribution obligations of the Indemnitor shall be in addition to a third party). In the case of an investigation, litigation or other proceeding to any liability which the indemnity in this Section 12.4 appliesIndemnitor may otherwise have, such indemnity shall extend upon the same terms and conditions to the Personnel of the Agents, and shall be effective whether or not such investigationbinding upon and enure to the benefit of any successors, litigation or proceeding is brought by any Loan Partyassigns, its directorsheirs and personal representatives of the Indemnitor, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto the Agents and whether or not any of the transactions contemplated hereunder or under any Personnel of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4Agents. The agreements in this Section 12.4 foregoing provisions shall survive the resignation completion of professional services rendered under this Agreement and theexercise of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimrights set forth herein.

Appears in 1 contract

Sources: Agency Agreement

Indemnities. The Borrowers Borrower shall indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (butbut limited, in the case of Attorney Costslegal fees and expenses, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionjurisdiction that is material to the interest of the Lenders, and solely in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such a conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Revolving Credit Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowersBorrower, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the BorrowersBorrower, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-non- appealable judgment of a court of competent jurisdiction, jurisdiction or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, agent or arranger or any similar role under the Facilities Facility and other than any claims arising out of any act or omission of Holdings, the Borrowers Borrower or any of their its Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law law or public policy, the Borrowers Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction)Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty twenty (3020) days Business Days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4therefor. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this This Section 12.4 shall not apply with respect to Taxes, which shall be governed by Section 3.1. This Section 12.4 also shall not apply to Other Taxes or to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimcovered by Section 3.4.

Appears in 1 contract

Sources: Credit Agreement (JOANN Inc.)

Indemnities. The Borrowers shall Borrower will on demand indemnify and hold the Lender harmless the Agentsagainst each cost, each Lenderloss (including loss of profit or margin), each Issuer, the Arrangers expense (including all legal expenses on a solicitor and their respective Affiliates own client basis and their, taxes) and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees liability sustained or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by the Lender as a result of: 10.1.1 the occurrence or asserted against continuation of an Event of Default, or a Relevant Party not complying with any such Indemnitee obligation expressed to be assumed by it in any way relating a Relevant Document; or 10.1.2 an amount payable by the Borrower to the Lender under a Relevant Document, (a) not being paid when due, whether by prepayment, acceleration or arising out of or in connection with otherwise (but, in the case of Attorney Costsso far as appropriate, limited credit is to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole andbe given for amounts, if reasonably necessaryany, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where at the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role Default Rate paid under the Facilities and other Relevant Document) or, (b) being paid or becoming payable otherwise than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement on a Payment Date (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigationthat payment is permitted or required under this Agreement); or 10.1.3 any repayment of the Moneys Owed being made or becoming due except as expressly permitted by clauses 3.1 and 3.9 (even if the prepayment is required under this Agreement); or 10.1.4 the Principal Sum not being drawn on the date requested, litigation by payment to the Lender of the amount the Lender certifies is required to indemnify it for that cost, loss, expense or proceeding is brought by any Loan Partyother liability, its directors, stockholders including each cost and loss incurred in liquidating or creditors re-employing deposits or an Indemnitee other funds acquired or arranged to fund or maintain the Principal Sum or any part of it. The above indemnities are unconditional and irrevocable, are to survive termination of this Agreement and payment of all other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or indebtedness due under any of the other Loan Documents is consummated. All amounts due under Relevant Document and are not to be discharged or impaired by an act, omission, matter or thing that might discharge or impair them but for this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final nonsub-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimclause.

Appears in 1 contract

Sources: Loan Agreement

Indemnities. The Borrowers shall In addition to any other indemnities given to the Agents by the Corporation, the Corporation hereby covenants and agrees to protect, indemnify and hold harmless each of the Agents, each Lender, each Issuer, the Arrangers Agents and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, officers and employees, agentssolicitors and agents (individually, partnersan "Indemnified Party" and, trustees or advisors and other representatives (collectively collectively, the “Indemnitees”) "Indemnified Parties" from and against any and all liabilities, obligations, losses, damages, penaltieslosses (except for loss of profits), claims, demands, actions, judgments, suits, costs, reasonable and documented out-damages or liabilities which they may suffer or incur caused by or arising directly or indirectly by reason of-pocket expenses and disbursements : (i) any information or statement (except any information or statement relating solely to or provided by the Agents) contained in the Preliminary Prospectus, Prospectus or any Supplementary Material being or being alleged to be a misrepresentation; (ii) the omission to state in the Preliminary Prospectus, Prospectus or any Supplementary Material a material fact required to be stated therein or necessary to make the statements therein not misleading (except the omission to state a material fact relating solely to the Agent); (iii) the Corporation not complying with any requirement of any kind securities legislation or nature whatsoever which may at regulatory requirements of any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or Qualifying Province in connection with the Offering or the Prospectus Qualification; (butiv) any order made or any inquiry, investigation or proceeding commenced or threatened by any regulatory authority based upon an allegation that any untrue statement or alleged omission or any misrepresentation or alleged misrepresentation in the case Preliminary Prospectus, the Prospectus or any Supplementary Material exists (except any information or statement relating solely to or provided by the Agents) which prevents or restricts the trading in or distribution of Attorney Costs, limited the Special Warrants or the Subject Securities; or (v) The Corporation's failure to comply with any of its obligations hereunder. If any action or claim shall be asserted against an Indemnified Party in respect of which indemnity may be sought from the Corporation pursuant to the reasonable and documented out-of-pocket feesprovisions hereof, disbursements and other charges of one counsel or if any potential claim contemplated by this section shall come to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case knowledge of an actual or potential conflict of interest between Indemnitees (where Indemnified Party, the Indemnitee(s) affected by such conflict of interest informs Indemnified Party shall promptly notify the Borrowers Corporation in writing of the nature of such conflict of interestaction or claim (provided that any failure to so notify shall not affect the Corporation's liability under this paragraph unless such delay has prejudiced the defense to such claim). The Corporation shall be entitled but not obliged to participate in or assume the defense thereof, one additional provided, however that the defense shall be through legal counsel acceptable to the Indemnified Party, acting reasonably. In addition, the Indemnified Party shall also have the right to employ separate counsel in each relevant jurisdiction to each group any such action and participate in the defense thereof, and the fees and expense of affected Indemnitees similarly situated taken as a whole) such counsel shall be borne by the Indemnified Party, unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered employment thereof has been specifically authorized in connection with writing by the transactions contemplated thereby or the consummation of the transactions contemplated thereby, Corporation; (ii) any Commitmentthe Indemnified Party has been advised by counsel acceptable to the Corporation, Loan or Letter of Credit or the use or proposed use acting reasonably, that representation of the proceeds therefrom (including any refusal Corporation and the Indemnified Party by an Issuer the same counsel would be inappropriate due to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), actual or potential differing interests between them; or (iii) any actual or alleged presence or release the Corporation has failed within a reasonable time after receipt of Hazardous Materials on or from any property currently or formerly owned or operated by such written notice to assume the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending such action or threatened claim, investigation, litigation or proceeding) . It is understood and regardless of whether any Indemnitee is a party thereto (all agreed that the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity Corporation shall not, as to in connection with any Indemniteesuit in the same jurisdiction, be available liable for the legal fees and expenses of more than one separate legal firm to represent the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or Indemnified Parties. Neither party shall effect any settlement of any affiliatesuch action or claim or make any admission of liability without the written consent of the other party, director, officer, employee such consent not to be unreasonably withheld or agent of such Indemnitee, (y) a material breach delayed. The indemnity hereby provided for shall remain in full force and effect and shall not be limited to or affected by any other indemnity in respect of any obligations under matters specified in this section obtained by the Indemnified Party from any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesperson. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it Indemnified Party is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by not a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating party to this Agreement or the Agents shall obtain and hold the right and benefit of this section in trust for and on behalf of such Indemnified Party. The Corporation hereby waives its right to recover contribution from the Agents with respect to any other Loan Document liability of the Corporation by reason of or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, any misrepresentation contained in the case of Preliminary Prospectus, the Prospectus or in any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;Supplementary Material; provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 waiver shall not apply with in respect of liability caused or incurred by reason of or arising out of any misrepresentation which is based upon or results from information relating solely to Taxes other than and provided by the Agents contained in such document. The Corporation hereby consents to personal jurisdiction and service and venue in any Taxes court in which any claim which is subject to indemnification hereunder is brought against the Agents or any Indemnified Party and to the assignment of the benefit of this section to any Indemnified Party for the purpose of enforcement provided that represent losses, nothing herein shall limit the Corporation's right or ability to contest the appropriate jurisdiction or forum for the determination of any such claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Special Warrant Offering Agreement (Dakota Mining Corp)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Section 3: 3.10.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Holder (including any officer, each Issuer, the Arrangers director or partner of such Holder) and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls (within the meaning of the Exchange Act) the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the Exchange Act or any Subsidiary rule or regulation promulgated thereunder applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission so made in conformity with information furnished in writing by a final non-appealable order Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of a court any of competent jurisdiction its due diligence obligations; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 subsection 3.10.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling Holder or the underwriter, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the resignation transfer of securities by a selling Holder. 3.10.2. Each Holder participating in a Registration hereunder will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, and each other Holder (including any officer, director or partner of such Holder), from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter and/or any such Holder may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading , or (iii) any violation or alleged violation by such Holder of the Securities Act, the Collateral Agent, the Swing Loan Lender Exchange Act or any Issuerrule or regulation promulgated thereunder applicable to such Holder in connection with any such registration, qualification or compliance, and each such Holder will reimburse the replacement Company, any underwriter and each such controlling person of the Company or any underwriter and the other Holders, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement or alleged untrue statement or omission made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (a) the Company and (b) any underwriter and (c) other Holders, if a copy of the final prospectus was furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, however, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 3.10.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Commitments and Holders, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Holder exceed the other Obligationsnet proceeds received by such Holder from the sale of its securities under the applicable Registration. 3.10.3. Without limiting Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 3.10.1 or 3.10.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Sections 3.10.1 or 3.10.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party except to the extent the indemnifying party is prejudiced as a result thereof. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3.10.1 or 3.10.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement, which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 3.10.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than equitable considerations appropriate under the circumstances, provided, however, that in any Taxes that represent lossessuch case, claims, damages, etc. arising no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation. Notwithstanding the foregoing, to the extent that the provisions on indemnification contained in the underwriting agreements entered into among the selling Holders, the Company and the underwriters in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall be controlling as to the Registrable Securities included in the public offering; provided, however, that if, as a result of this Section 3.10.4, any Holder, its officers, directors, and partners and any person controlling such Holder is held liable for an amount which exceeds the aggregate proceeds received by such Holder from the sale of Registrable Securities included in a registration, as provided in Section 3.10.2 above, pursuant to such underwriting agreement (the “Excess Liability”), the Company shall reimburse any such Holder for such Excess Liability.

Appears in 1 contract

Sources: Shareholder Agreements (ReWalk Robotics Ltd.)

Indemnities. The Borrowers shall indemnify 4.1 With effect from the Demerger Effective Date and save as provided in clause 4.2, Newco undertakes to Topco (for itself and on trust for each Topco Indemnified Person) to keep fully and effectively indemnified and hold harmless Topco or the Agentsrelevant Topco Indemnified Person (on demand and on an after tax basis), each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against all or any and all claims (whether or not successful, compromised or settled), actions, liabilities, obligations, losses, damages, penalties, claims, demands, actionsproceedings or judgements (each a “Claim”) asserted or established against Topco or the relevant Topco Indemnified Person in any jurisdiction and against all associated Costs, judgmentsto the extent the Claim arises, suitsdirectly or indirectly, costs, reasonable and documented out-of-pocket expenses and disbursements from: (a) any Guarantee provided by any Topco Group Company in respect of the obligations of any kind or nature whatsoever which may at Newco Group Company pending its release in accordance with clause 5; (b) any time be imposed on, incurred by or asserted against Newco Side Liability; (c) any such Indemnitee in any way allegation that information relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) Demerged Business contained in: (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, Circular; or (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)other document published, or (iii) statement or announcement made, by any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated Topco Indemnified Person before the Demerger Effective Date which was approved by the Borrowers, any Subsidiary Newco or any other Loan Partyof its directors in advance of its publication or before being made, was untrue, inaccurate, incomplete, misleading or not based on reasonable grounds or that the Circular or any Environmental Liabilities arising out such other document, statement or announcement did not contain or fairly present, all information relating to the Demerged Business required to be contained therein provided that no person shall be entitled to be indemnified under this clause 4.1(c) if he is a director of Newco at the activities time the relevant document, statement or operations announcement is published or made; and (d) the breach by Newco of the Borrowers, any Subsidiary or of its obligations under this agreement. 4.2 Neither Topco nor any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating Topco Indemnified Person shall be entitled to any of the foregoing, whether based on contract, tort indemnity under clause 4.1 for any Claim or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available associated Costs to the extent that such liabilitiesit results, obligationsdirectly or indirectly, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from from: (xa) the gross failure by Topco or the relevant Topco Indemnified Person to delete or correct any information after being requested to do so by any Newco Group Company; or (b) the negligence, bad faith wilful default or willful misconduct fraud of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related the relevant Topco Indemnified Person. 4.3 With effect from the Demerger Effective Date and save as provided in clause 4.4, in Topco undertakes to Newco (for itself and on trust for each case of clauses (xthe other Newco Indemnified Persons) to keep fully and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify effectively indemnified and hold harmless set forth Newco or the relevant Newco Indemnified Person (on demand and on an after tax basis), from and against all or any Claims asserted or established against Newco or the relevant Newco Indemnified Person in this Section 12.4 may be unenforceable any jurisdiction and against all associated Costs, to the extent the Claim arises, directly or indirectly, from: (a) any Guarantee provided by any Newco Group Company in whole or in part because they are violative respect of the obligations of any applicable Law or public policy, the Borrowers shall contribute the maximum portion Topco Group Company pending its release in accordance with clause 5; (b) any Topco Side Liability; (c) any allegation that it is permitted to pay and satisfy under applicable Law information relating to the payment and satisfaction of all Indemnified Liabilities incurred by Demerger or the Indemnitees Retained Business contained in: (i) the Circular or any of them. No Indemnitee ; or (ii) any other document published, or statement or announcement made, by any Newco Indemnified Person, before the Demerger Effective Date which was approved by Topco or any of its directors in advance of its publication or before being made, was untrue, inaccurate, incomplete, misleading or not based on reasonable grounds or that the Circular or any such other document, statement or announcement did not contain or fairly present, all information relating to the Demerger or the Retained Business required to be contained therein provided that no person shall be liable entitled to be indemnified under this clause 4.3(c) if he is a director of Topco at the time the relevant document, statement or announcement is published or made; (d) the breach by Topco of any of its obligations under this agreement; and (e) the Costs of implementing the Demerger in accordance with clause 15. 4.4 Neither Newco nor any other Newco Indemnified Person shall be entitled to any indemnity under clause 4.3 for any damages arising from the use by others of any information Claim or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount associated Costs to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled it results, directly or indirectly, from: (a) the failure by Topco or the relevant Newco Indemnified Person to indemnification rights with respect delete or correct any information after being requested to such payment pursuant to do so by any Topco Group Company; or (b) the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation negligence, wilful default or fraud of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimrelevant Newco Indemnified Person.

Appears in 1 contract

Sources: Demerger Agreement (AccuStem Sciences LTD)

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: (a) The Borrowers shall Company will indemnify and hold harmless the AgentsElbit, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, its officers, directors and employees, agentsharmless, partnersto the fullest extent permitted by law, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which Elbit may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the preliminary or final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse Elbit , promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; PROVIDED, HOWEVER, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by Elbit specifically for inclusion therein; PROVIDED, FURTHER, that the indemnity agreement contained in this subsection 3(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. (butb) Elbit will indemnify and hold the Company, its officers, directors and employees, and any underwriters for the Company harmless from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the preliminary or final prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and Elbit will reimburse the Company and any underwriter promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by Elbit specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; PROVIDED, FURTHER, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; PROVIDED, FURTHER, that the indemnity agreement contained in this subsection 3(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of Elbit, which consent shall not be unreasonably withheld. (c) Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3(a) or 3(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 3(a) or 3(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; PROVIDED, HOWEVER, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3(a) or 3(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of release from all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any to such damages incurred claim or paid by an Indemnitee to a third party)litigation. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due The indemnification provisions under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements 3 will remain in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement full force and effect regardless of any Lender, investigation by the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimindemnified party(ies).

Appears in 1 contract

Sources: Registration Rights Agreement (Discount Investment Corp LTD)

Indemnities. The Borrowers shall (a) Each Seller, jointly and severally, hereby agree to indemnify and hold harmless the Agents, each Lender, each IssuerPurchaser, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) Company and/or its Subsidiaries from and against any and all liabilities, obligations, losses, damages, penalties, claims, demandslosses or expenses (including reasonable attorneys' fees and expenses) ("Damages") actually suffered or paid by Purchaser, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken Company and/or its Subsidiaries as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation result of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under representation or warranty made by any Loan Document by such Indemnitee or of any Related Indemnified Person, Seller in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesthis Agreement. To the extent that the Seller's undertakings to indemnify and hold harmless set forth in this Section 12.4 7.2(a) may be unenforceable in whole or in part because they are violative of any applicable Law or public policyunenforceable, the Borrowers Sellers shall contribute the maximum portion amount that it is they are permitted to pay and satisfy contribute under applicable Law law to the payment and satisfaction of all Indemnified Liabilities Damages incurred by the Indemnitees parties entitled to indemnification hereunder. (b) Purchasers, severally and not jointly, and the Company hereby agree to indemnify and hold harmless Sellers against Damages actually suffered or paid by Sellers as a result of the breach of any representation or warranty made by the Purchaser in this Agreement. To the extent that the Purchasers' undertakings set forth in this Section 7.2(b) may be unenforceable, the Purchasers and the Company shall contribute the maximum amount that they are permitted to contribute under applicable law to the payment and satisfaction of themall Damages incurred by the parties entitled to indemnification hereunder. (c) Any party seeking indemnification under this Article VII (an "Indemnified Party") shall give each party from whom indemnification is being sought (each, an "Indemnifying Party") notice of any matter for which such Indemnified Party is seeking indemnification, stating the amount of the Damages, if known, and method of computation thereof, and containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed or arises. No Indemnitee The obligations of an Indemnifying Party under this Article VII with respect to Damages arising from any claims of any third party which are subject to the indemnification provided for in this Article VII (collectively, "Third Party Claims") shall be liable for any damages arising from governed by and contingent upon the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligencefollowing additional terms and conditions: if an Indemnified Party shall receive, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case initial notice of any Loan PartyThird Party Claim, the Indemnified Party shall give the Indemnifying Party notice of such Third Party Claim within such time frame as is necessary to allow for a timely response and in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any event within 30 days of the transactions contemplated hereunder or under any receipt by the Indemnified Party of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;such notice; provided, however, that the failure to provide such Indemnitee timely notice shall promptly refund such amount not release the Indemnifying Party from any of its obligations under this Article VII except to the extent the Indemnifying Party is materially prejudiced by such failure. The Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim at its expense and through counsel of its choice if it gives notice of its intention to do so to the Indemnified Party within 30 days of the receipt of such notice from the Indemnified Party; provided, however, that if there exists or is reasonably likely to exist a final non-appealable order conflict of interest that would make it inappropriate in the judgment of the Indemnified Party (upon advice of counsel) for the same counsel to represent both the Indemnified Party and the Indemnifying Party, then the Indemnified Party shall be entitled to retain its own counsel, at the expense of the Indemnifying Party, provided that the Indemnified Party and such counsel shall contest such Third Party Claims in good faith. In the event the Indemnifying Party exercises the right to undertake any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party, at the Indemnifying Party's expense, all witnesses, pertinent records, materials and information in the Indemnified Party's possession or under the Indemnified Party's control relating thereto as is reasonably required by the Indemnifying Party. Similarly, in the event the Indemnified Party is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and make available to the Indemnified Party, at the Indemnifying Party's expense, all such witnesses, records, materials and information in the Indemnifying Party's possession or under the Indemnifying Party's control relating thereto as is reasonably required by the Indemnified Party. The Indemnifying Party shall not, without the written consent of the Indemnified Party, (i) settle or compromise any Third Party Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the delivery by the claimant or plaintiff to the Indemnified Party of a court written release from all liability in respect of competent jurisdiction such Third Party Claim or (ii) settle or compromise any Third Party Claim in any manner that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to may adversely affect the express terms of this Section 12.4Indemnified Party. The agreements Finally, no Third Party Claim which is being defended in good faith by the Indemnifying Party or which is being defended by the Indemnified Party as provided above in this Section 12.4 7.2(c) shall survive be settled by the resignation Indemnified Party without the written consent of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimIndemnifying Party.

Appears in 1 contract

Sources: Stock Purchase Agreement

Indemnities. (a) The Borrowers shall Corporation agrees to indemnify and hold save harmless each of the Agents, each Lender, each Issuer, the Arrangers Underwriters and their respective Affiliates and their, affiliates and their Affiliates’, branches, respective directors, officers, employees, agentsshareholders, partnersagents and each person who controls the Underwriters within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (collectively, trustees or advisors and other representatives (collectively the “IndemniteesIndemnified Parties” and each an “Indemnified Party”) from and against any and all liabilitieslosses (other than a loss of profits), obligationsclaims, lossesactions, damages, penaltiesliabilities, claimscosts or expenses, demandsjoint or several, actionsincluding the reasonable fees and expenses of their counsel that may be incurred in advising with respect to and/or defending any action, judgmentssuit, suitsproceeding, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind investigation or nature whatsoever which claim that may at any time be imposed on, incurred by made or asserted threatened against any such Indemnitee Indemnified Party or in enforcing this indemnity (collectively, “Claims” and each, a “Claim”) in any way relating to caused by, or arising out of directly or indirectly from, or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-consequence of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) : (i) any information or statement (except Underwriters’ Information) in the executionCanadian Offering Documents being or being alleged to be a misrepresentation or untrue, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter omission or instrument delivered in connection with the transactions contemplated thereby alleged omission to state therein any fact or the consummation information (except Underwriters’ Information) required to be stated therein or necessary to make any of the transactions contemplated thereby, statements therein not misleading in light of the circumstances in which they were made; (ii) any Commitmentuntrue statement or alleged untrue statement of a material fact in the U.S. Offering Documents, Loan or Letter any omission or alleged omission of Credit a material fact required to be stated therein or necessary to make the use statements therein not misleading, or proposed use any untrue statement or alleged untrue statement of a material fact in the U.S. Offering Documents, or any omission or alleged omission of a material fact (except facts or information relating solely to the Underwriters or any of them that has been provided in writing to the Corporation by or on behalf of any Underwriter through the Co-Lead Underwriters specifically for inclusion therein) required to be stated therein or necessary to make the statements therein, in the light of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment circumstances under a Letter of Credit if the documents presented in connection with such demand do which they were made, not strictly comply with the terms of such Letter of Credit), or misleading; (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary order made or any inquiry, investigation (whether formal or informal) or other Loan Party, proceeding commenced or threatened by any Environmental Liabilities arising out of one or more competent authorities (not based solely upon the activities or operations the alleged activities of the BorrowersUnderwriters or the Selling Firm members, any Subsidiary if any) prohibiting, restricting, relating to or any other Loan Party, materially affecting the trading or distribution of the Offered Securities; or (iv) any actual breach of, default under or prospective claimnon-compliance by the Corporation with any requirements of Canadian Securities Laws, litigationU.S. Securities Laws, investigation the by-laws, rules or proceeding relating to any regulations of the foregoing, whether based on contract, tort TSX or NYSE or any representation, warranty, term or condition of this Agreement or in any certificate or other theory (including any investigation of, preparation for, document delivered by or defense on behalf of any pending the Corporation hereunder or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”)pursuant hereto; provided that such indemnity shall notthat, as to any Indemnitee, be available if and to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, jurisdiction in a final judgment from which no appeal can be made or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee a Governmental Authority in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent a final ruling from which no appeal can be made shall determine that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole liabilities, claims, actions, suits, proceedings, losses, costs, damages or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising expenses resulted from the gross negligence, bad faith fraud, fraudulent misrepresentation or willful wilful misconduct of an Indemnified Party claiming indemnity, this indemnity shall cease to apply to such Indemnitee or Indemnified Party. For greater certainty, the Corporation and the Underwriters agree that the foregoing shall not disentitle an Underwriter from claiming indemnification hereunder to the extent that the gross negligence, if any, relates to the Underwriters’ failure to conduct adequate “due diligence”. (b) If any Claim is asserted against any Indemnified Party, such Indemnified Party will notify the Corporation as soon as possible of the nature of such Claim, but failure to notify the Corporation shall not relieve the Corporation of any affiliateobligation which it may have to such Indemnified Party under this Section 13 except to the extent by which the Corporation is prejudiced by such failure, directorand the Corporation shall be entitled (but not required) to assume the defence of any suit brought to enforce such Claim. However, officerthe defence shall be conducted through legal counsel acceptable to the Indemnified Party, employee acting reasonably, and no settlement of any such Claim or agent admission of liability may be made by the Corporation or the Indemnified Party without the prior written consent of the other party (unless such Indemnitee as determined by a finalsettlement, non-appealable compromise or judgment (i) includes an unconditional release of a court of competent jurisdiction), nor shall any Indemnitee or any Loan the Indemnified Party have any from all liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith such action or therewith claim and (whether before ii) does not include any statement as to or after an admission of fault, culpability or a failure to act, by or on behalf of an Indemnified Party), such consent not to be unreasonably withheld and the Closing Date) (other than, in the case of Corporation shall not be liable for any Loan Party, in respect settlement of any such damages incurred Claim unless it has consented in writing to such settlement, such consent not to be unreasonably withheld. (c) The Corporation hereby acknowledges that the Underwriters contracting as acting as agents for the other Indemnified Parties under this Section 13 and under Section 14 with respect to all such Indemnified Parties and the Underwriters shall obtain and hold the rights and benefits of this Section 13 and under Section 14 in trust for and on behalf of such Indemnified Parties. (d) In any such Claim, the Indemnified Party shall have the right to retain separate counsel to act on his or its behalf; provided that the fees and disbursements of such counsel shall be paid by an Indemnitee the Indemnified Party unless: (i) the Corporation and the Indemnified Party shall have mutually agreed to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any retention of the other Loan Documents is consummated. All amounts counsel; (ii) the Corporation has not assumed the defence of the Claim within 10 days of receiving written notice of such Claim; or (iii) the named parties to any such Claim (including any added third or impleaded party) include both the Indemnified Party and the Corporation and the representation of both parties by the same counsel would be inappropriate due under to the actual or potential differing interests between them; provided that the Corporation shall only be required to pay the fees of one set of counsel in each of Canada and the United States pursuant to this Section 12.4 subsection 13(d) for all Indemnified Parties and it being understood, however, that the Corporation shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be paid within thirty liable for the reasonable fees and expenses of more than one separate law firm in each of Canada and the United States for all such Indemnified Parties. (30e) days after written demand therefor ;The Corporation hereby waives its rights to recover contribution from the Underwriters with respect to any liability of the Corporation by reason of any misrepresentation or alleged misrepresentation of a kind referred to in subsection 13(a)(i) or 13(a)(ii), provided, however, that such Indemnitee waiver shall promptly refund not apply in respect of liability caused or incurred by reason of any misrepresentation which is based upon the Underwriters’ Information. (f) If any legal proceedings shall be instituted against the Corporation or if any regulatory authority or stock exchange shall carry out an investigation of the Corporation and any Indemnified Party is required to testify, or respond to procedures designed to discover information, in connection with or by reason of the services performed by the Underwriters hereunder, the Indemnified Parties may employ their own legal counsel and the Corporation shall pay and reimburse the Indemnified Parties for the reasonable fees, charges and disbursements (on a full indemnity basis) of such amount legal counsel, the other expenses reasonably incurred by the Indemnified Parties in connection with such proceedings or investigation and a fee at the normal per diem rate for any director, officer or employee of the Underwriters involved in the preparation for or attendance at such proceedings or investigation. (g) The rights and remedies of the Indemnified Parties set forth in Sections 13 and 14 hereof are to the fullest extent that there possible in law, cumulative and not alternative and the election by any Underwriter or other Indemnified Party to exercise any such right or remedy shall not be, and shall not be deemed to be, a waiver of any other rights and remedies. (h) The Corporation waives any right it may have of first requiring an Indemnified Party to proceed against or enforce any other right, power, remedy or security or claim or to claim payment from any other person before claiming under this indemnity. It is a final non-appealable order not necessary for an Indemnified Party to incur expense or make payment before enforcing such indemnity. (i) The rights of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity contained in this Section 12.4 13 shall survive not apply if the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting Corporation has complied with the provisions of Sections 3.1 2 and 3.2, 3 and the person asserting any claim contemplated by this Section 12.4 13 was not provided with a copy of any Offering Document which corrects any misrepresentation or alleged misrepresentation which is the basis of such claim and which was required, under Canadian Securities Laws or U.S. Securities Laws, to be delivered to such person and which the Corporation had provided to the Underwriters to deliver to such person. (j) If the Corporation has assumed the defense of any suit brought to enforce a claim hereunder, the Indemnified Party shall not apply provide the Corporation copies of all documents and information in its possession pertaining to the claim, take all reasonable actions necessary to preserve its rights to object to or defend against the claim, consult and reasonably cooperate with the Corporation in determining whether the claim and any legal proceeding resulting therefrom should be resisted, compromised or settled and reasonably cooperate and assist in any negotiations to compromise or settle, or in any defense of, a claim undertaken by the Corporation. (k) In respect of any judgment or order given or made for any amount due to Taxes the Underwriters under this Agreement that is expressed and paid in a currency (the “judgment currency”) other than Canadian dollars, the Corporation will indemnify each Underwriter, each person who controls any Taxes that represent lossesUnderwriter and each affiliate of any Underwriter against any loss incurred by such Underwriter, claimssuch controlling person or such affiliate, damagesas the case may be, etcas a result of any variation as between: (i) the rate of exchange at which the Canadian dollar amount is converted into the judgment currency for the purpose of such judgment or order and (ii) the rate of exchange at which such Underwriter, controlling person or affiliate, as the case may be, is able to purchase Canadian dollars with the amount of judgment currency actually received by such Underwriter. arising from If the Canadian dollars so purchased are greater than the sum originally due to the Underwriters hereunder, the Underwriters agree to pay to the Corporation an amount equal to the excess of the dollars purchased over the sum originally due to the Underwriters. The foregoing indemnity shall constitute a separate and independent obligation of the Corporation and shall continue in full force and effect notwithstanding any non-Tax claimsuch judgment or order as aforesaid. The term “rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of or conversion into Canadian dollars.

Appears in 1 contract

Sources: Underwriting Agreement (Baytex Energy Corp.)

Indemnities. The Borrowers shall Seller agrees and undertakes to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and Buyer and/or any Mepha Group Company against any and all losses, liabilities, obligationsreasonable costs (including legal and accounting costs and experts’ and consultants’ fees), lossescharges, expenses, actions, claims, penalties, fines, damages, penaltiesduties, claimsobligations to third parties, demandsexpenditures, actionsproceedings, judgments, suitsawards, costssettlements or demands (the “Losses”) that are owed, reasonable and documented out-of-pocket expenses and disbursements of any kind imposed upon or nature whatsoever which may at any time be imposed onotherwise incurred, suffered or sustained by the relevant person incurred by such person in respect of or asserted against any as a result of: (a) The Transfer of Subsidiaries; (b) [**]; (c) the Litigation, if and to the extent that the Losses exceed the provisions made in the Unaudited 2009 Consolidated Financial Statements in the amount of CHF 14,130,000 and then only in the amount exceeding such Indemnitee in any way relating to or provisions; (d) [**]; (e) damages arising out of the Undisclosed Contracts; (f) any claim by any member of the Seller’s Group against any Mepha Group Company (a) in respect of any services, guarantees or in connection other security provided by any Mepha ** Portions of the Exhibit have been omitted and have been filed separately pursuant to an application for confidential treatment filed with (butthe Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, in the case of Attorney Costs, limited as amended. Group Company to the reasonable and documented out-of-pocket feesSeller or other members of the Seller’s Group prior to Closing, disbursements and or (b) in respect of any other charges activities, acts or omissions of one counsel any Mepha Group Company prior to all Indemnitees taken as a whole andClosing, if reasonably necessaryprovided, a single local counsel however, for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case avoidance of an actual doubt any obligation owed to the Seller or potential conflict any member of interest between Indemnitees (where the Indemnitee(s) affected Seller’s Group by such conflict any of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) Mepha Group Companies under (i) the execution, delivery, enforcement, performance or administration of any VEM Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated therebyAssignment, (ii) any Commitmentthe German VEM Loan Assignment Agreement, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowersPledge Release Documentation, any Subsidiary or any other Loan Partywhich are dealt with as provided in this Agreement; it being understood and agreed, or any Environmental Liabilities arising out of that the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity limitations set forth in Section 10.1 shall not, as to any Indemnitee, be available not apply to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless Indemnities set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of 11.6.1(a) through 11.6.1(f), it further being understood and agreed, that any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred amounts paid by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due Seller under this Section 12.4 11.6.1 shall be paid within thirty (30) days after written demand therefor ;providednot count towards the Deductible Amount but, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation case of the Administrative AgentIndemnities set forth in Sections 11.6.1(a), (c),(d),(e) and (f), shall count towards and be limited by the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Cap set forth in Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim10.2.

Appears in 1 contract

Sources: Share Purchase Agreement (Cephalon Inc)

Indemnities. 6.1 The Borrowers shall Warrantors agree to indemnify and hold harmless keep indemnified the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) Purchaser from and against all or any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suitsliabilities, costs, charges and expenses (including reasonable legal expenses) in any jurisdiction which the Purchaser or the Company (and documented out-of-pocket expenses for the purposes of this clause 6, the “Company” shall be deemed to refer to both the Company and disbursements of any kind or nature whatsoever which the Subsidiaries) may at any time be imposed on, incurred suffer arising from: 6.1.1 orders having been placed by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with received by Automotive Technik Fabrications Limited (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s“ATF”) affected by such conflict of interest informs the Borrowers otherwise than in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter failure by ATF to enforce or instrument delivered cause third parties to be bound by ATF’s standard terms and conditions; 6.1.2 any material agreement (being an agreement or arrangement requiring the expenditure or series of related expenditures of funds in connection with the transactions contemplated thereby or the consummation excess of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit£25,000), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated agreement with a Governmental Entity entered into by the BorrowersCompany which has not been disclosed to the Purchaser and which results in a loss to the Company (other than purchase orders made in the ordinary course of business), provided that, without limitation, purchase orders providing parts that are not fit for purpose or are otherwise of no practical value to the Company in relation to its existing or reasonably business requirements shall not be deemed to be purchase orders made in the ordinary course of business); 6.1.3 any Subsidiary or arrangement which the Company has with any other Loan Party, or any Environmental Liabilities arising out sales agent that results in losses to the Company unless those losses arise from arrangements between the Company and sales agents (the identity of whom has been disclosed to the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or Purchaser (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding“Disclosed Agents”)) and regardless of whether any Indemnitee is a party thereto (all the foregoingobligations incurred by Disclosed Agents in relation to third parties, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available arrangements and obligations have been disclosed to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) Purchaser; 6.1.4 a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined Successful challenge by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law third party to the payment and satisfaction of all Indemnified Liabilities incurred ownership by the Indemnitees or any Company of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligenceBusiness Intellectual Property, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in Warrantors have warranted is owned by the Company, and “Successful” for the purposes of this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought clause means settled by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any the Company with the consent of the transactions contemplated hereunder Vendors’ Representatives (such consent not to be unreasonably withheld or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30delayed) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of or where a court of competent jurisdiction that has awarded judgment in favour of the plaintiff in respect of the claim and no right of appeal lies in respect of such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to judgment or the express parties are debarred by passage of time or otherwise from making any appeal; 6.1.5 [***]; 6.1.6 [***] 6.1.7 (save as provided in clause 6.1.6) the terms of this Section 12.4. The agreements [***] (not to include, however, any liability for ordinary and prudent production costs incurred by the Company), any breach thereof or breach of any relevant law, statute, or binding regulation by the Company in this Section 12.4 shall survive relation to [***], or the resignation of the Administrative Agententry into, or compliance or performance with, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement terms of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.[***];

Appears in 1 contract

Sources: Share Purchase Agreement (Stewart & Stevenson Services Inc)

Indemnities. The Borrowers (a) Lessee will pay, and hereby indemnifies, on an after-tax basis, Lessor and its assignees, if any, from and against, any and all fees and taxes, levies, imposts, duties, charges or withholdings, together with any penalties, fines or interest thereon (any of the foregoing for the purposes of this Section 12 being called a "Tax"), which may from time to time be imposed on or asserted against Lessor and its assignees, if any, or the Airframe or any Engine or any part thereof or interest therein by any Federal, state or local government or other taxing authority in the United States or by any foreign government or subdivision thereof or by any foreign taxing authority in connection with, relating to or resulting from: (i) the Airframe or any Engine or any part thereof of interest therein; (ii) the manufacture, purchase, ownership, mortgaging, lease, sublease, use, storage, maintenance, sale or other disposition of the Airframe or any Engine; (iii) any rentals or other earnings therefor or arising therefrom or the income or other proceeds received with respect thereto; or (iv) this Lease or the Aircraft Chattel Mortgage; provided, however, that, there shall indemnify be excluded from any indemnification under this Section 12(a) any Lessor Tax unless the payment of any such Tax shall be a condition to the enforceability of the Aircraft Chattel Mortgage or the perfection of the lien thereof or unless proceedings shall have been commenced to foreclose any lien which may have attached as security for such Tax, nothing in this Section shall require the payment of any Tax so long as and to extent that validity thereof shall be contested in good faith by appropriate legal proceedings promptly instituted and diligently conducted and Lessee shall have set aside on its books adequate reserves with respect thereto in accordance with generally accepted accounting principles. (b) Lessee agrees to defend, indemnify, pay and hold harmless the AgentsLessor, Agent and each Lender, each Issuer, and the Arrangers and their respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agentsagents and affiliates of Les- sor, partnersAgent and each Lender, trustees or advisors and other representatives (collectively called the "Indemnitees") from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, claims, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which (including without limitation the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative or judicial proceeding, commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including without limitation securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may at any time be imposed on, incurred by by, or asserted against any such Indemnitee Indemnitee, in any way manner relating to or arising out of this Lease or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual Transaction Documents or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or thereby or (including without limitation Lenders' agreement to make the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit Loans to Lessor or the use or proposed intended use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory Loans) (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all collectively called the foregoing, collectively, the “"Indemnified Liabilities"); provided that such indemnity Lessee shall not, as not have any obligation to any Indemnitee, be available Indemnitee hereunder with respect to any Indemnified Liabilities to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted Indemnified Liabilities arise solely from (x) the gross negligence, bad faith negligence or willful misconduct of such that Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable final judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings undertaking to indemnify defend, indemnify, pay and hold harmless set forth in this Section 12.4 the preceding sentence may be unenforceable in whole or in part because they are it is violative of any applicable Law law or public policy, the Borrowers Lessee shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Lease Agreement (Atlas Air Inc)

Indemnities. The Borrowers 8.1 Notwithstanding anything to the contrary in a Completion Document, and subject to Clauses 8.2 and all of the provisions in Article 23, the Seller shall be liable for all Pre-Condition Date Liabilities and shall, on demand by the Purchaser, indemnify and hold harmless the AgentsPurchaser, each LenderAffiliate of the Purchaser, each Issuertheir successors and assigns, the Arrangers and their respective Affiliates officers and theiremployees (each, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”an Indemnified Person) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable Indemnity Claims and documented out-of-pocket expenses and disbursements of Expenses which an Indemnified Person may suffer or incur from time to time (including all Expenses incurred in disputing any kind Indemnity Claim and/or in establishing a right to be indemnified pursuant to this Clause 8.1 and/or in seeking advice regarding any Indemnity Claim or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating related to or arising out of or in connection with (butthis indemnity), in any such case arising out of, based upon or in connection with, whether directly or indirectly, the case of Attorney Costs, limited Pre-Condition Date Liabilities. 8.2 Notwithstanding anything to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as contrary in a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionCompletion Document, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest)subject to Clauses 8.1, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) 23.1 and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively23.3, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee Purchaser shall be liable for all Post-Condition Date Liabilities, and shall, on demand by the Seller, indemnify the Seller, each Affiliate of the Seller, their successors and assigns, and their respective officers and employees (each, an Indemnified Person) from and against any damages arising and all Indemnity Claims and Expenses which an Indemnified Person may suffer or incur from the use by others of time to time (including all Expenses incurred in disputing any information Indemnity Claim and/or in establishing a right. to be indemnified pursuant to this Clause 8.2 and/or in seeking advice regarding any Indemnity Claim or other materials obtained through IntraLinks in any way related to or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdictionindemnity), nor shall in any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or such case arising out of its activities of, based upon or in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Personwith, whether directly or not indirectly, any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final nonPost-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimCondition Date Liabilities.

Appears in 1 contract

Sources: Agreement for the Sale and Purchase of Interests (Ivanhoe Energy Inc)

Indemnities. The Borrowers shall indemnify 12.11.1 Westfield hereby agrees to indemnify, defend and protect Owner and its wholly-owned subsidiaries and the Joint Ventures, their respective officers, directors and managers (each such person collectively called "the indemnified parties" for the purposes of this SECTION 12.11.1) and hold each of the indemnified parties harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligationsclaims, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements liabilities (including, without limitation, attorneys' fees and expenses incurred in good faith and court costs) incurred by the indemnified parties by reason of any kind claim or nature whatsoever which may at demand being made upon or any time be imposed on, incurred by or asserted action taken against any such Indemnitee in any way the indemnified parties relating to or arising out of the negligence or in connection with (butwillful misconduct or fraud of Westfield. The indemnified parties shall, in the case of Attorney Costsgood faith, limited endeavor to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers notify Westfield in writing of as to every such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation demand or proceeding relating to any of action against the foregoing, whether based on contract, tort or any other theory indemnified parties within ten (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding10) and regardless of whether any Indemnitee is a party thereto (all Business Days after the foregoing, collectively, the “Indemnified Liabilities”); provided indemnified parties become aware that such indemnity claim or demand has been made or such action has been taken. A good faith failure to notify Westfield shall notnot limit Westfield's liability under this SECTION 12.11.1, as to any Indemnitee, be available to the extent that such liabilitiesfailure does not adversely affect Westfield's rights with respect to such claim. 12.11.2 Owner hereby agrees to indemnify, obligationsdefend and protect Westfield, each member of the Westfield Group performing Services hereunder, and each of their respective officers, directors and managers (such persons collectively called "the indemnified parties" for the purposes of this SECTION 12.11.2), and hold each of the indemnified parties harmless against all claims, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and liabilities (including, without limitation, attorneys' fees and expenses incurred in good faith and court costs) incurred by the indemnified parties by reason of any claim or disbursements resulted from demand being made upon or any action taken against the indemnified parties relating to or arising out of (xI) any negligence or willful misconduct or fraud of Owner, except to the gross negligence, bad faith extent a member of the Westfield Group is responsible for such negligence or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdictionOwner, or (zII) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity act taken or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger omission made by Westfield or any similar role member of the Westfield Group in the performance of Westfield's obligations under the Facilities and other than any claims arising out of any this Agreement, provided that such act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith does not constitute negligence or willful misconduct or fraud on the part of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee Westfield or any Loan Party have any liability for any specialmember of the Westfield Group. The indemnified parties shall, punitivein good faith, indirect endeavor to notify Owner in writing as to every such claim, demand or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith action against the indemnified parties within ten (whether before or 10) Business Days after the Closing Date) (other than, in the case of any Loan Party, in respect of any indemnified parties become aware that such damages incurred claim or paid by an Indemnitee demand has been made or such action has been taken. A good faith failure to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity notify Owner shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due limit Owner's liability under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;providedSECTION 12.11.2, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was failure does not entitled to indemnification adversely affect Owner's rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Master Development Framework Agreement (Westfield America Inc)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2: 2.7.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsextent permitted by law, each Lenderany Holder, each Issuer, whose Registrable Securities are included in the Arrangers and their respective Affiliates and theirregistration, and their Affiliates’any underwriter for each such Holder; and each Person, branchesif any, directorswho controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon written demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable to any Holder, underwriter or controlling person in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder, such underwriter or such controlling persons claiming for indemnification in writing specifically for inclusion therein; provided further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided further, that the indemnity agreement contained in this Section 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a final nonselling shareholder. 2.7.2. Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the Company and each of its directors, each of its officers who has signed the registration statement, legal counsel and accountants for the Company, any underwriter for the Company, any other person participating in the distribution and each person, if any, who controls the Company, such underwriter, or such other person from and against any and all losses, damages, claims, liabilities, joint or several, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, any underwriter, any other person participating in the distribution and each such controlling person of the Company, any underwriter or other person, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-appealable order party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder and shall not be jointly; provided further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided further, that the indemnity agreement contained in this Section 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a court Holder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇ (i.e. net of competent jurisdiction that such Indemnitee was discounts and commissions payable to any underwriter but not entitled to indemnification rights with respect to such payment taxes). 2.7.3. Promptly after receipt by an indemnified party, pursuant to the express terms provisions of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation 2.7.1 or 2.7.2, of notice of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement commencement of any Lender, action involving the termination subject matter of the Commitments and foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the repayment, satisfaction or discharge of all the other Obligations. Without limiting indemnifying party pursuant to the provisions of Sections 3.1 and 3.2, this said Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim2.7.1 or 2.

Appears in 1 contract

Sources: Shareholders' Rights Agreement (Trivago N.V.)

Indemnities. In the event of any registration of Registrable Shares pursuant to this Section 3: 3.3.1 The Borrowers shall Purchaser will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers Grantees and their respective Affiliates and theirany underwriter for the Grantees, and their Affiliates’each person, branchesif any, directorswho controls a Grantee or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs and expenses (including any amounts paid in any settlement effected with the Purchaser's reasonable consent) to which the Grantees or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual or alleged presence or release a violation of Hazardous Materials on or from any property currently or formerly owned or operated applicable securities laws by the BorrowersPurchaser, and the Purchaser will reimburse the Grantees, such underwriter and each such controlling person of the Grantees or the underwriter, promptly upon demand, for any Subsidiary reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of defending against such Indemnitee loss, claim, damage, liability, action or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Purchaser will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a final non-appealable order Grantee, such underwriter or such controlling persons; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 3.3.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Purchaser, which consent shall not be unreasonably withheld. 3.3.2 Each Grantee participating in a court registration hereunder will indemnify and hold harmless the Purchaser, each other Grantee participating in such registration, any underwriter for the Purchaser, and each person, if any, who controls the Purchaser or such underwriter or such other Grantee, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the Grantee’ reasonable consent) to which the Purchaser or any such controlling person and/or any such underwriter and/or such other Grantee may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of competent jurisdiction or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but only to the extent, that such Indemnitee untrue statement or alleged untrue statement or omission or alleged omission was made in such registration statement, prospectus filed therein, or any amendment or supplement thereto, in reliance upon and in conformity with written information furnished to the Purchaser by or on behalf of the Grantee expressly for use therein and each such Grantee will reimburse the Purchaser, each other Grantee participating in such registration, any underwriter and each such controlling person of the Purchaser or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, that this indemnity shall not entitled be deemed to indemnification rights with respect relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 3.3.2 shall not apply to amounts paid in settlement of any such payment claim, loss, damage, liability or action if such settlement is effected without the consent of such Grantee, as the case may be, which consent shall not be unreasonably withheld. 3.3.3 Promptly after receipt by an indemnified party pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.23.3.1 or 3.3.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, this such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 12.4 3.3.1 or 3.3.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party unless the failure to notify is prejudiced of the defense. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 3.3.1 or 3.3.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnifying party shall not apply with have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within 15 days after the notice of the commencement of the action, or (ii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimsuch claim or litigation.

Appears in 1 contract

Sources: Purchase Agreement (Bluephoenix Solutions LTD)

Indemnities. 8.1 The Borrowers Company shall indemnify the Purchaser and hold save the Purchaser harmless from any loss, liability, claim, damage or expense (whether or not involving a third party claim) including reasonable legal fees and expenses (collectively, "Damages") suffered by, imposed upon or asserted against the AgentsPurchaser as a result of, each Lenderin respect of, each Issuerconnected with, or arising out of, under, or pursuant to: (a) any failure of the Company to perform or fulfil any covenant of the Company under this Subscription Agreement; and (b) any breach of any representation or warranty given by the Company in this Subscription Agreement, provided that the Company shall not be required to make any payments under this Section 8.1 unless the Purchaser has provided written notice of such claim to the Company on or prior to the expiration of the deadline for making such claims as specified in Section 8.4. 8.2 The Purchaser shall indemnify the Company and save the Company harmless from any Damages suffered by, imposed upon or asserted against the Company as a result of, in respect of, connected with, or arising out of, under, or pursuant to: (a) any failure of the Purchaser to perform or fulfil any covenant of the Company under this Subscription Agreement; and (b) any breach of any representation or warranty given by the Purchaser in this Subscription Agreement, provided that the Purchaser shall not be required to make any payments under this Section 8.2 unless the Company has provided written notice of such claim to the Purchaser on or prior to the expiration of the deadline for making such claims as specified in Section 8.4. 8.3 The remedies provided in Sections 8.1 and 8.2 are the sole remedies available to the Company and the Purchaser under any legal theory in respect of damages as a result of, in respect of, connected with, or arising out of, under, or pursuant to this Subscription Agreement and the transactions contemplated hereby and, to the full extent permitted by applicable law, the Arrangers Purchaser and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against Company hereby waive any and all liabilitiesother remedies which may otherwise be available to either of them. 8.4 In the event that either party wishes to make a claim for indemnification under this Article 8, obligationsit must provide written notice of its intention to do so to the other party by no later than the date which is [two (2)] years after the Closing Date. Such notice shall be delivered to the address specified on page one of this Subscription Agreement (or such other address as a party hereto may so advise the other party hereto in writing) and shall specify, lossesin reasonable detail, damagesthe claim being made and (to the extent then known) the Damages which will be claimed by the party seeking indemnification. 8.5 In the case of a claim for indemnification which arises as a result of a third party claim being made against one of the parties hereto, penaltiesthe following rules apply in addition to the other provisions of this Article 8: (a) Promptly after receipt by a party who is indemnified under Section 8.1 or 8.2 (an "Indemnified Party") of a notice of commencement of any proceeding against it by a third party, claimsthe Indemnified Party will, demandsif a claim is to be made against an indemnifying party under such Section, actionsgive notice to the Indemnifying Party (and "Indemnifying Party") of the commencement of such claim as soon as reasonably possible after receipt of such notice of commencement, judgmentsprovided that a delay in delivering such notice shall not preclude a claim for indemnification except: (i) to the extent that an Indemnifying Party demonstrates that the defence of such action is prejudiced by the Indemnified Party's failure to give such notice in a timely manner; or (ii) where such notice is not delivered by the deadline specified in Section 8.4, suitsin which case the Indemnifying Party shall have no obligation to indemnify the Indemnified Party at all. (b) If any proceeding referred to in Section 8.5(a) (a "Proceeding") is brought against an Indemnified Party and it gives notice to the Indemnifying Party of the commencement of the Proceeding, coststhe Indemnifying Party will be entitled to participate in the Proceeding as hereinafter provided. To the extent that the Indemnifying Party wishes to assume the defense of the Proceeding with counsel satisfactory to the Indemnified Party, reasonable and documented it may do so provided it: (i) reimburses the Indemnified Party for all of its out-of-pocket expenses (including solicitor's fees and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating disbursements) arising prior to or arising out of or in connection with such assumption; and (but, ii) permits the Indemnified Party to participate in such defense through counsel chosen by the case Indemnified Party provided that the fees and expenses of Attorney Costs, limited such counsel shall be borne by the Indemnified Party unless there are separate defenses available to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual Indemnified Party or potential conflict conflicts of interest between Indemnitees (where in which case those fees and expenses will be paid by the Indemnitee(s) affected by Indemnifying Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume the defense of the Proceeding as against the Indemnified Party, the Indemnifying Party will not, as long as it diligently conducts such conflict defense, be liable to the Indemnified Party under this Article 8 for any fees of interest informs the Borrowers in writing of such conflict of interest), one additional other counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreementexpenses with respect to the defense of the Proceeding, letter or instrument delivered in each case subsequently incurred by the Indemnified Party in connection with the transactions contemplated thereby or the consummation defense of the transactions contemplated therebyProceeding, other than reasonable costs of investigation approved in advance by the Indemnifying Party. If the Indemnifying Party assumes the defense of a Proceeding as against the Indemnified Party: (i) no compromise or settlement of such claims may be made by the Indemnifying Party without the Indemnified Party's consent unless: (A) there is no admission of any violation of laws or any violation of the rights of any person and no adverse effect on any other claims that may be made against the Indemnified Party, and (B) the sole relief provided is monetary damages that are paid in full by the Indemnifying Party; and (ii) the Indemnified Party will have no liability with respect to any Commitment, Loan compromise or Letter settlement of Credit or the use or proposed use such claims effected without its consent. If notice is given to an Indemnifying Party of the proceeds therefrom (including commencement of any refusal by an Issuer to honor a demand for payment under a Letter of Credit if Proceeding and the documents presented in connection with such demand do not strictly comply with the terms Indemnifying Party does not, within ten days after receipt of such Letter notice, give notice to the Indemnified Party of Credit)its election to assume the defense of the Proceeding, the Indemnifying Party will be bound by any determination made in the Proceeding or (iii) any actual compromise or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated settlement effected by the Borrowers, any Subsidiary or any other Loan Indemnified Party acting in good faith. (c) Where the defence of a Proceeding is being undertaken and controlled by the Indemnifying Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating Indemnified Party will use its reasonable commercial efforts to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be make available to the extent that Indemnifying Party those employees whose assistance, testimony or presence is necessary to assist the Indemnifying Party in evaluating and defending any such liabilitiesclaims. However, obligationsthe Indemnifying Party shall be responsible for the expense associated with any employees made available by the Indemnified Party to the Indemnifying Party pursuant to this Section 8.5(c), losses, damages, penalties, claims, demands, actions, judgments, suits, costs, which expense shall be equal to the out of pocket expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee employees and an amount to be mutually agreed upon per person per hour or per day for each day or portion thereof that the employees are assisting the Indemnifying Party and which expenses shall not exceed the actual cost to the Indemnified Party associated with the employees. (d) With respect to any Proceeding at the request of the Indemnifying Party, the Indemnified Party shall make available to the Indemnifying Party or its representatives on a timely basis all documents, records and other materials in the possession of the Indemnified Party, at the expense of the Indemnifying Party, reasonably required by the Indemnifying Party for its use in defending any affiliate, director, officer, employee or agent such claim and shall otherwise cooperate on a timely basis with the Indemnifying Party in the defense of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Subscription Agreement (Trooien Gerald L)

Indemnities. (a) The Borrowers shall Borrower agrees to indemnify and hold harmless the AgentsAdministrative Agent, the Arranger, each Lender, Lender and each Issuer, the Arrangers Issuer and each of their respective Affiliates and theirAffiliates, and their Affiliates’, branches, each of the directors, officers, employees, agents, partnersrepresentative, trustees attorneys, consultants and advisors of or advisors and other representatives to any of the foregoing (collectively including those retained in connection with the “Indemnitees”satisfaction or attempted satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of Credit)) (each such Person being an "Indemnitee") from and against any and all claims, damages, liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable disbursements and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which (including fees, disbursements and expenses of financial and legal advisors to any such Indemnitee) that may at any time be imposed on, incurred by or asserted against any such Indemnitee in connection with or arising out of any way investigation, litigation or proceeding, whether or not any such Indemnitee is a party thereto, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law or in equity, or on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter of Credit, any Related Document, or any act, event or transaction related or attendant to any thereof, or the use or intended use of the proceeds of the 101 Loans or Letters of Credit or in connection with any investigation of any potential matter covered hereby (butcollectively, the "Indemnified Matters"); provided, however, that the Borrower shall not have any obligation under this Section 11.4 to an Indemnitee with respect to any Indemnified Matter caused by or resulting from the gross negligence or willful misconduct of that Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Without limiting the case of Attorney Costsforegoing, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) "Indemnified Matters" include (i) all Environmental Liabilities and Costs arising from or connected with the executionpast, deliverypresent or future operations of the Borrower or any of its Subsidiaries involving any property subject to a Collateral Document, enforcementor damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of Contaminants on, performance upon or administration into such property or any contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial Action concerning any Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (49 U.S.C. Section 9601 et seq.) and applicable state property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the Borrower or any of its Subsidiaries, or the owner, lessee or operator of any property of the Borrower or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following foreclosure by the Administrative Agent, any Lender or any Issuer, or the Administrative Agent, any Lender or any Issuer having become the successor in interest to the Borrower or any of its Subsidiaries and (y) attributable solely to acts of the Administrative Agent, such Lender or such Issuer or any agent on behalf of the Administrative Agent, such Lender or such Issuer. (b) The Borrower shall indemnify the Administrative Agent, the Lenders and each Issuer for, and hold the Administrative Agent, the Lenders and each Issuer harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against the Administrative Agent, the Lenders and the Issuers for any broker, finder or consultant with respect to any agreement, arrangement or understanding made by or on behalf of any Loan Document Party or any other agreement, letter or instrument delivered of its Subsidiaries in connection with the transactions contemplated thereby or by this Agreement. (c) The Borrower, at the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense request of any pending or threatened claimIndemnitee, shall have the obligation to defend against such investigation, litigation or proceeding) proceeding or requested Remedial Action and regardless the Borrower, in any event, may participate in the defense thereof with legal counsel of whether any the Borrower's choice. In the event that such Indemnitee is a party thereto (all requests the foregoingBorrower to defend against such investigation, collectivelylitigation or proceeding or requested Remedial Action, the “Indemnified Liabilities”); provided that such indemnity Borrower shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of promptly do so and such Indemnitee or shall have the right to have legal counsel of any affiliate, director, officer, employee or agent of its choice participate in such Indemnitee, (y) a material breach of any obligations under any Loan Document defense. No action taken by legal counsel chosen by such Indemnitee in defending against any such investigation, litigation or of any Related Indemnified Personproceeding or requested Remedial Action, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity shall vitiate or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under way impair the Facilities Borrower's obligation and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings duty hereunder to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of such Indemnitee. (d) The Borrower agrees that any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information indemnification or other materials obtained through IntraLinks or other similar information transmission systems in connection with protection provided to any Indemnitee pursuant to this Agreement (including pursuant to this Section 11.4) or any other than damages arising from Loan Document shall (i) survive payment in full of the gross negligence, bad faith or willful misconduct of such Indemnitee or Obligations and (ii) inure to the benefit of any affiliate, director, officer, employee or agent of such Person that was at any time an Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to under this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)Document. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.102

Appears in 1 contract

Sources: Credit Agreement (Aviall Inc)

Indemnities. (a) The Borrowers shall indemnify Fund agrees to indemnify, defend and hold Underwriter, its officers and directors and any person who controls Underwriter within the meaning of Section 15 of the Securities Act of 1933, free and harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actionsliabilities and expenses (including the cost of investigating or defending such claims, judgmentsdemands or liabilities and any counsel fees incurred in connection therewith) which Underwriter, suits, costs, reasonable its officers and documented out-of-pocket expenses and disbursements of any kind directors or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee controlling person may incur under the Securities Act of 1933, or under the common law or otherwise, arising out of or based upon any alleged untrue statement of a material fact contained in any way relating to the Fund's Registration Statement or Prospectus or arising out of or based upon any alleged omission to state a material fact required to be stated in connection with either thereof or necessary to make the statements in either thereof not misleading; providing, however, that this indemnity, to the extent that it might require indemnity of any person who is an officer or director or controlling person of Underwriter and who is also a director or officer of the Fund, shall not inure to the benefit of such officer or director or controlling person unless a court of competent jurisdiction shall determine, or it shall have been determined by controlling precedent, that such result would not be against public policy as expressed in the Securities Act of 1933; and further provided, that in no event shall anything herein contained be so construed as to protect Underwriter (or its officers and directors or any controlling persons) against any liability to the Fund or its security holders to which Underwriter would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence, in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement. The Fund's agreement to indemnify Underwriter, its officers and directors and any such controlling person as aforesaid is expressly conditioned upon its being notified of any action brought against Underwriter, its officers and directors or any such controlling person, such notification to be given by letter or telegram addressed to the Fund at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or other legal process shall have been served. The failure to so notify the Fund of any such action shall not relieve it from any liability which it may have to the person against whom such action is brought by reason of any such alleged untrue statement or omission otherwise than on account of the indemnity contained in this paragraph. The Fund will be entitled, at its election, to assume the defense of any suit brought to enforce any such claim, demand or liability, but, in such case, such defense shall be conducted by counsel of good standing chosen by the Fund and approved by Underwriter. In the event the Fund does elect to assume the defense of any such suit and retain counsel of good standing approved by the Underwriter, the defendant or defendants in such suit shall bear the fees and expenses of any additional counsel retained by any of them; but in case the Fund does not elect to assume the defense of Attorney Costsany such suit, limited or in case Underwriter does not approve of counsel chosen by the Fund, the Fund will reimburse Underwriter, its officers and directors, or the controlling person named as defendant or defendants in such suit, for the reasonable fees and expenses of any counsel retained by Underwriter or them. This indemnity will inure exclusively to Underwriter's benefit, to the reasonable benefit of its successors, to the benefit of its officers and documented out-of-pocket fees, disbursements directors and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictiontheir respective estates, and in to the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration benefit of any Loan Document controlling person and its successors. The Fund agrees to notify the Underwriter promptly of the commencement of any litigation or proceedings against it or any other agreement, letter of its officers or instrument delivered directors in connection with the transactions contemplated thereby or issue and sale of any of its Shares. (b) Underwriter agrees to indemnify, defend and hold the consummation Fund, its several officers and directors, and any person who controls the Fund within the meaning of Section 15 of the transactions contemplated therebySecurities Act of 1933, (ii) free and harmless from and against any Commitmentand all claims, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom demands, liabilities and expenses (including the cost of investigating or defending such claims, demands or liabilities and any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented counsel fees incurred in connection with such demand do not strictly comply with therewith) which the terms of such Letter of Credit)Fund, its officers or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Partydirectors, or any Environmental Liabilities arising out such controlling person may incur under the Securities Act of 1933 or under the activities common law or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available otherwise: but only to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses liability or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities expense incurred by the Indemnitees Fund, its officers of directors, or such controlling person resulting from such claims or demands shall arise out of or be based upon any alleged untrue statement of them. No Indemnitee a material fact contained in information furnished in writing by Underwriter to the Fund for use in the Fund's Registration Statement or Prospectus or shall arise out of or be liable for based upon any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems alleged omission to state a material fact in connection with this Agreement such information required to be stated in the Registration Statement or Prospectus or necessary to make such information not misleading. Underwriter's agreement to indemnify the Fund, its officers and directors, and any such controlling person is expressly conditioned upon its being notified of any action brought against the Fund, its officers and directors and any such controlling person, such notification to be given by letter or telegram addressed to Underwriter at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or other than damages arising from first legal process shall have been served. Underwriter shall have a right to control the gross negligence, bad faith or willful misconduct defense of such Indemnitee action, with counsel of its own choosing, satisfactory to the Fund, if such action is based solely upon such alleged misstatement or of any affiliateomission on its part, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or and in any other Loan Document event Underwriter or arising out of its activities in connection herewith or therewith (whether before or after such controlling person shall each have the Closing Date) (other than, right to participate in the case defense or preparation of any Loan Party, in respect the defense of any such damages incurred action. The failure to so notify Underwriter of any such action shall not relieve Underwriter from any liability which Underwriter may have to the Fund, its officers or paid directors, or to such controlling person by an Indemnitee to a third party). In the case reason of an investigation, litigation any such untrue statement or other proceeding to which the omission on Underwriter's part otherwise than on account of its indemnity contained in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimparagraph.

Appears in 1 contract

Sources: Underwriting Agreement (Weitz Series Fund Inc)

Indemnities. In the event of any registered offering of Common Stock pursuant to this Section 2: i. The Borrowers shall Corporation will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Corporation's consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (A) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (B) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not misleading, and the Corporation will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether ; PROVIDED, HOWEVER, that the Corporation will not be liable in any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available case to the extent that any such liabilitiesloss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons specifically for inclusion therein; PROVIDED, FURTHER, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; PROVIDED, FURTHER, that the indemnity agreement contained in this subsection 2.f.(i). shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Corporation, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. ii. Each Holder participating in a registration hereunder will indemnify and hold harmless the Corporation, any underwriter for the Corporation, each officer and director of the Corporation, and each person, if any, who controls the Corporation or such underwriter, from and against any and all losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Corporation or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actionscosts or expenses arise out of or are based on (A) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, judgmentsas amended or supplemented, suits, costs, expenses or disbursements resulted from (xB) the gross negligence, bad faith omission or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) the alleged omission to state therein a material breach fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Corporation, any obligations under underwriter each officer and director of the Corporation and each such controlling person of the Corporation or any Loan Document underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such Indemnitee loss, claim, damage, liability, action or of any Related Indemnified Person, proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in substantial conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of clauses (xY) the Corporation and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (zZ) any dispute solely among Indemnitees other than underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; PROVIDED, FURTHER, that this indemnity shall not be deemed to relieve any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out underwriter of any act or omission of Holdingsits due diligence obligations; PROVIDED, the Borrowers or any of their Affiliates. To the extent FURTHER, that the undertakings to indemnify and hold harmless set forth indemnity agreement contained in this Section 12.4 may be unenforceable subsection 2.f.(ii) shall not apply to amounts paid in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect settlement of any such damages incurred claim, loss, damage, liability or paid action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the gross proceeds from the offering received by such Holder. iii. Promptly after receipt by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a indemnified party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim2.f.(i) or 2.f.

Appears in 1 contract

Sources: Registration Rights Agreement (Nogatech Inc)

Indemnities. (a) The Borrowers Lessee will pay, and hereby indemnifies, on an after-tax basis, the Lessor and its assignees, if any, from and against, any and all fees and taxes, levies, imposts, duties, charges or withholdings, together with any penalties, fines or interest thereon (any of the foregoing for the purposes of this Section 12 being called a "Tax"), that may from time to time be imposed on or asserted against the Lessor and its assignees, if any, or any Engine or any part thereof or interest therein by any federal, state or local government or other taxing authority in the United States or by any foreign government or subdivision thereof or by any foreign taxing authority in connection with, relating to or resulting from: (i) any Engine or any part thereof or interest therein, (ii) the manufacture, purchase, ownership, mortgaging, lease, sublease, use, storage, maintenance, sale or other disposition of any Engine, (iii) any rentals or other earnings therefor or arising therefrom or the income or other proceeds received with respect thereto, or (iv) this Lease or the Aircraft Chattel Mortgage; provided, however, that there shall indemnify be excluded from any indemnification under this Section 12(a) any Lessor Tax unless the payment of any such Tax shall be a condition to the enforceability of the Aircraft Chattel Mortgage or the perfection of the lien thereof or unless proceedings shall have been commenced to foreclose any lien that may have attached as security for such Tax, nothing in this Section shall require the payment of any Tax so long as and to the extent that the validity thereof shall be contested in good faith by appropriate legal proceedings promptly instituted and diligently conducted and the Lessee shall have set aside on its books adequate reserves with respect thereto in accordance with generally accepted accounting principles. (b) The Lessee agrees to defend, indemnify, pay and hold harmless the AgentsLessor, the Agent and each Lender, each Issuer, and the Arrangers and their respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officerspartners, employees, agentsagents and affiliates of the Lessor, partnersthe Agent and each Lender, trustees or advisors and other representatives (collectively called the "Indemnitees") from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, claims, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which (including, without limitation, the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative or judicial proceeding, commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including, without limitation, securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable or other cause or on contract or otherwise, that may at any time be imposed on, incurred by by, or asserted against any such Indemnitee Indemnitee, in any way manner relating to or arising out of this Lease or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual Transaction Documents or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or thereby or (including, without limitation, the consummation of Lenders' agreement to make the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit Loans to the Lessor or the use or proposed intended use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoingLoans) (collectively called the "Indemnified Liabilities"); provided, whether based on contract, tort or that the Lessee shall not have any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether obligation to any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as hereunder with respect to any Indemnitee, be available Indemnified Liabilities to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted Indemnified Liabilities arise solely from (x) the gross negligence, bad faith negligence or willful misconduct of such that Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable final judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings undertaking to indemnify defend, indemnify, pay and hold harmless set forth in this Section 12.4 the preceding sentence may be unenforceable in whole or in part because they are it is violative of any applicable Law law or public policy, the Borrowers Lessee shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Sources: Lease Agreement (Atlas Air Inc)

Indemnities. (a) The Borrowers shall Borrower agrees to indemnify and hold harmless the Agents, each Lender, each IssuerAdministrative Agent, the Arrangers Arranger and each Lender and each of their respective Affiliates and theirAffiliates, and their Affiliates’, branches, each of the directors, officers, employees, agents, partnersrepresentative, trustees attorneys, consultants and advisors of or advisors and other representatives to any of the foregoing (collectively including those retained in connection with the “Indemnitees”satisfaction or attempted satisfaction of any condition set forth in Article III (each such Person being an "Indemnitee") from and against any and all claims, damages, liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable disbursements and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which that may at any time be imposed on, incurred by or asserted against any such Indemnitee in connection with or arising out of any way investigation, litigation or proceeding, whether or not any such Indemnitee is a party thereto, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law or in equity, or on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Disclosure Document, any Existing Debt Document, or any act, event or transaction related or attendant to any thereof, or the use or intended use of the proceeds of the Bridge Loans or in connection with any investigation of any potential matter covered hereby (butcollectively, the "Indemnified Matters"); provided, however, that the Borrower shall not have any obligation under this Section 10.4 to an Indemnitee with respect to any Indemnified Matter caused by or resulting from the gross negligence or willful misconduct of that Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Without limiting the case of Attorney Costsforegoing, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) "Indemnified Matters" include (i) damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of Contaminants on, upon or into such property or any contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial Action concerning any Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including the executionComprehensive Environmental Response, deliveryCompensation and Liability Act of 1980, enforcement(49 U.S.C. (S) 9601 et seq.) and applicable state property transfer laws, performance whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the Borrower or administration any of its Subsidiaries, or the owner, lessee or operator of any Loan Document property of the Borrower or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following foreclosure by the Administrative Agent or any Lender, or the Administrative Agent or any Lender having become the successor in interest to the Borrower or any of its Subsidiaries and (y) attributable solely to acts of the Administrative Agent or such Lender or any agent on behalf of the Administrative Agent or such Lender. (b) The Borrower shall indemnify the Administrative Agent and each Lender for, and hold the Administrative Agent and each Lender harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against the Administrative Agent or any Lender for any broker, finder or consultant with respect to any agreement, letter arrangement or instrument delivered understanding made by or on behalf of the Borrower or any of its Subsidiaries in connection with the transactions contemplated thereby or by this Agreement. (c) The Borrower, at the consummation request of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available shall have the obligation to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims defend against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments requested Remedial Action and the repaymentBorrower, satisfaction or discharge in any event, may participate in the defense thereof with legal counsel of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.the

Appears in 1 contract

Sources: Bridge Loan Agreement (Concentra Operating Corp)

Indemnities. The Borrowers shall indemnify A. Tenant hereby covenants and agrees to indemnify, defend, save, and hold harmless the AgentsLandlord, each Lenderand Landlord’s parent company, each Issuer, the Arrangers subsidiaries and their respective Affiliates and theiraffiliates, and their Affiliates’, branchesofficers, directors, officers, shareholders and employees, agentsthe Premises and the leasehold estate created by this Lease free, partnersclear and harmless from, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against against, any and all liabilities, obligationslosses, costs, expenses (including reasonable attorney’s fees), judgments, claims, liens, fines, penalties, and demands of any kind whatsoever caused by, resulting from, or in any way connected with (i) any act, omission, or negligence of Tenant, or Tenant’s agents, employees, servants, contractors, subtenants, licensees, customers, or business invitees, while in, upon, about, or in any way connected with the Premises or the Hotel Complex (including, but not limited to, the sale of unlicensed merchandise or goods), (ii) arising from any accident, injury or damage, howsoever and by whomsoever caused, to any person or property whatsoever occurring, in, upon, about or in any way connected with Tenant’s activities, Tenant’s Work or Tenant’s use of the Premises or the Hotel Complex, or any portion thereof, (iii) Tenant’s employment decisions based upon, or as a result of, the employment eligibility and background checks required by this Lease or (iv) Tenant’s breach of this Lease or any of Tenant’s representations or warranties contained herein. B. Subject to the terms and conditions of this subsection, Landlord hereby covenants and agrees to indemnify, defend, save and hold Tenant, and Tenant’s parent company, subsidiaries and affiliates, and their officers, directors, shareholders and employees, free, clear and harmless from, and against, any and all liabilities, losses, damagescosts, penalties, claims, demands, actionsexpenses (including reasonable attorneys’ fees), judgments, suitsliens, costsfines, reasonable penalties and documented out-of-pocket expenses and disbursements demands of any kind whatsoever caused by, resulting from, or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection connected with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionany act, deliveryomission, enforcementor negligence of Landlord, performance or administration of any Loan Document Landlord’s agents or any other agreementemployees, letter or instrument delivered in connection with the transactions contemplated thereby Premises or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter Landlord’s breach of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary this Lease or any other Loan Party, of Landlord’s representations or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of warranties contained herein. Notwithstanding the foregoing, whether based on contract, tort in no event shall Landlord be liable to Tenant or to any other theory (including person whatsoever for any investigation ofdamage to the Premises or Tenant’s furniture, preparation forfixtures, equipment, inventory or personal property located therein whether caused by fire, smoke, falling plaster, electricity, plumbing, gas, water, steam, sprinkler, or defense other pipe and sewage system or by the bursting, running, or leaking of any pending tank, washstand, water closet, waste or threatened claimother pipes, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable nor for any damages occasioned by water being upon or coming through the roof, skylight, vent, trapdoor, or otherwise or for any damage arising from the use by others any acts or neglect of any information co-lessees or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from occupants of the gross negligence, bad faith or willful misconduct of such Indemnitee Hotel Complex or of any affiliateadjacent property, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction)the public, nor shall any Indemnitee Landlord be liable in damages or any Loan Party have any liability otherwise for any specialfailure to furnish, punitiveor interruption of, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case service of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimutility.

Appears in 1 contract

Sources: Lease (Premier Exhibitions, Inc.)

Indemnities. In the event of any registered offering of shares of the Company pursuant to this Appendix A: 7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder or any such underwriter or controlling person may become subject under Applicable Law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact made by the Company itself contained in the registration statement or included in the prospectus, as amended or supplemented by the Company itself, or (ii) the omission of by the Company itself or alleged omission of the Company itself to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, 136 liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that (buti) such violation was made in a preliminary prospectus and was corrected in a subsequent prospectus that was required by law to be delivered to the person making the claim with respect to which indemnification is sought hereunder, and such subsequent prospectus was made available by the Company to permit delivery of such prospectus in a timely manner, and such subsequent prospectus was so delivered to such person (ii) any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for use in connection with such registration; provided further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided further, that the indemnity agreement contained in this subsection 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling Shareholder, the underwriter or any controlling person of the selling Shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling Shareholder. Such indemnity shall survive the transfer of securities by a selling Shareholder for a period of five years, provided further, that the indemnity agreement contained in this subsection 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. In no event shall the liability of the Holder exceed the amount received by such Holder in such sale. 7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless, to the fullest extent permitted by law, the Company, its officers and directors, each other Holder participating in such registration and their partners, shareholders, directors or officers, any underwriter for the Company, or for any such other Holder, and each person, if any, who controls the Company or such underwriter or such other Holder, from and against any and all losses, damages, claims, liabilities, joint or several, costs or expenses (including any amounts paid in any settlement effected with the selling Shareholder's consent) to which the Company or any such controlling person and/or any such underwriter and/or such other Holder may become subject under Applicable Law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, its officers and directors and each other Holder participating in such registration and their partners, shareholders, directors or officers, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such Holder specifically for use in connection with such registration. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the Securities Act; provided further, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; provided further, that the indemnity agreement contained in this subsection 7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the indemnifying Holders, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company, the underwriter or any controlling person of the Company or the underwriter. 7.3 Promptly after receipt by an indemnified party pursuant to the provisions of subsections 7.1 or 7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said subsection 7.1 or 7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said subsections 7.1 or 7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 7.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectivelythan as specified therein, the “Indemnified Liabilities”); provided that such indemnity parties entitled to indemnification by the terms thereof shall notbe entitled, as to any Indemnitee, be available to the extent that such liabilitiespermitted under Applicable Law, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, to contribution to liabilities and expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)registration. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigationconsidered the parties' relative faults, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to such payment pursuant to which the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agentclaim was asserted, the Collateral Agentopportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the Swing Loan Lender or any Issuer, circumstances. In no event shall the replacement liability of any Lender, a Holder exceed the termination of net proceeds from the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoffering received by such Holder.

Appears in 1 contract

Sources: Shareholders Agreement (ActiVein, Inc.)

Indemnities. In the event of any registered offering of Ordinary Shares pursuant to this Section 3: 3.10.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Holder (including any officer, each Issuer, the Arrangers director or partner of such Holder) and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, directorswho controls (within the meaning of the Exchange Act) the Holder or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation light of the transactions contemplated therebycircumstances in which they are made, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the Exchange Act or any Subsidiary rule or regulation promulgated thereunder applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission so made in conformity with information furnished in writing by a final non-appealable order Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of a court any of competent jurisdiction its due diligence obligations; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 subsection 3.10.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling Holder or the underwriter, and regardless of any sale in connection with such offering by the selling Holder. Such indemnity shall survive the resignation transfer of securities by a selling Holder. 3.10.2. Each Holder participating in a Registration hereunder will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, and each other Holder (including any officer, director or partner of such Holder), from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter and/or any such Holder may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading , or (iii) any violation or alleged violation by such Holder of the Securities Act, the Collateral Agent, the Swing Loan Lender Exchange Act or any Issuerrule or regulation promulgated thereunder applicable to such Holder in connection with any such registration, qualification or compliance, and each such Holder will reimburse the replacement Company, any underwriter and each such controlling person of the Company or any underwriter and the other Holders, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement or alleged untrue statement or omission made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (a) the Company and (b) any underwriter and (c) other Holders, if a copy of the final prospectus was furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, however, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 3.10.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Commitments and Holders, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Holder exceed the other Obligationsnet proceeds received by such Holder from the sale of its securities under the applicable Registration. 3.10.3. Without limiting Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 and 3.23.10.1 or 3.10.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, this Section 12.4 shall not apply with respect such indemnified party will, if a claim thereof is to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimbe made against the indemnifying party pursuant to the provisions of said Sections 3.10.1 or 3.

Appears in 1 contract

Sources: Shareholder Agreements

Indemnities. The Borrowers shall 7.1 You undertake to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers Ebury and our Affiliates (and our and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors representatives and other representatives subcontractors) (collectively each an “Indemnified Person” and together the “IndemniteesIndemnified Persons”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind Losses suffered or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee of them in any way relating to or arising out the course of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel result of anything done or omitted to be done for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case purposes of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising carrying out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoingServices for you or otherwise acting upon your instructions in accordance with this Agreement, whether based on contractincluding but not limited to acting upon your instructions to execute any cross-border Payment Order directly to an individual’s personal account as the Beneficiary Account in the PRC whilst the nominal and actual PRC seller under the relevant trading contract is a PRC company which may or may not be associated with such individual from the legal perspective, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoingtrading authenticity review of this Payment Order has been conducted, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as passed or satisfied by relevant entities including but not limited to any Indemniteebank or payment services provider we collaborate with, be available or otherwise caused by a failure by you to comply with your obligations or representations and warranties hereunder, save to the extent that such liabilitiesLosses flow directly from the wilful default, obligationsfraud or negligence on the part of the Indemnified Person concerned. 7.2 The benefit of Clause 7.1 shall apply severally to each Indemnified Persons and, losseswithout prejudice to Clause 27.2, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct shall also be enforceable by us on behalf of such Indemnitee or ourselves and on behalf of any affiliate, director, officer, employee other Indemnified Person. You waive any right you may have of first requiring us (or agent of such Indemnitee, (yany other Indemnified Person) a material breach to proceed against or enforce any other rights or security or claim or payment from any person before claiming from you under this Clause 7. This waiver applies irrespective of any obligations under Applicable Laws or any Loan Document by such Indemnitee or provision of this Agreement to the contrary. Further, you expressly confirm that you intend that this indemnity shall extend from time to time to any Related and all variations to this Agreement. 7.3 For the avoidance of doubt, if a claim is brought against the Indemnified Person, in each case of clauses (x) and (y), as determined Persons by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger Beneficiary or any similar role under other third party, we shall be entitled to settle or otherwise deal with the Facilities and other than claim in our sole discretion. Further, if any claims arising out discharge, release or arrangement (whether in respect of any act or omission of Holdings, the Borrowers your obligations or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable security for those obligations or otherwise) is made by us in whole or in part because they are violative on the basis of any applicable Law or public policypayment, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information security or other materials obtained through IntraLinks disposition which is avoided or other similar information transmission systems must be restored in connection with this Agreement (other than damages arising from the gross negligenceinsolvency, bad faith liquidation, administration or willful misconduct of such Indemnitee or of any affiliateotherwise, directorwithout limitation, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any then your liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall Clause 7 will continue or be paid within thirty (30) days after written demand therefor ;providedreinstated as if the discharge, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was release or arrangement had not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoccurred.

Appears in 1 contract

Sources: Relationship Agreement

Indemnities. The Borrowers shall 7.1 You undertake to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers Ebury and our Affiliates (and our and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors representatives and other representatives subcontractors) (collectively each an “Indemnified Person” and together the “IndemniteesIndemnified Persons”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind Losses suffered or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee of them in any way relating to or arising out the course of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel result of anything done or omitted to be done for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case purposes of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising carrying out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort Services for you or any other theory (including any investigation of, preparation forotherwise acting upon your instructions in accordance with this Agreement, or defense of any pending otherwise caused by a failure by you to comply with your obligations or threatened claimrepresentations and warranties hereunder, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available save to the extent that such liabilitiesLosses flow directly from the wilful default, obligationsfraud or negligence on the part of the Indemnified Person concerned.‌ 7.2 The benefit of Clause 7.1 shall apply severally to each Indemnified Persons and, losseswithout prejudice to Clause 29.2, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct shall also be enforceable by us on behalf of such Indemnitee or ourselves and on behalf of any affiliate, director, officer, employee other Indemnified Person. You waive any right you may have of first requiring us (or agent of such Indemnitee, (yany other Indemnified Person) a material breach to proceed against or enforce any other rights or security or claim or payment from any person before claiming from you under this Clause 7. This waiver applies irrespective of any obligations under Applicable Laws or any Loan Document by such Indemnitee or provision of this Agreement to the contrary. Further, you expressly confirm that you intend that this indemnity shall extend from time to time to any Related and all variations to this Agreement. 7.3 For the avoidance of doubt, if a claim is brought against the Indemnified Person, in each case of clauses (x) and (y), as determined Persons by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger Beneficiary or any similar role under other third party, we shall be entitled to settle or otherwise deal with the Facilities and other than claim in our sole discretion. Further, if any claims arising out discharge, release or arrangement (whether in respect of any act or omission of Holdings, the Borrowers your obligations or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable security for those obligations or otherwise) is made by us in whole or in part because they are violative on the basis of any applicable Law or public policypayment, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information security or other materials obtained through IntraLinks disposition which is avoided or other similar information transmission systems must be restored in connection with this Agreement (other than damages arising from the gross negligenceinsolvency or otherwise, bad faith or willful misconduct of such Indemnitee or of any affiliatewithout limitation, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any then your liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall Clause 7 will continue or be paid within thirty (30) days after written demand therefor ;providedreinstated as if the discharge, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was release or arrangement had not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoccurred.

Appears in 1 contract

Sources: Relationship Agreement

Indemnities. The Borrowers shall In the event of any registered offering pursuant to this Exhibit: 6.1 ECI will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers Exercising Shareholder and their respective Affiliates and theirany underwriter for the Exercising Shareholder, and their Affiliates’each person, branchesif any, directorswho controls the Exercising Shareholder, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demandsliabilities, actionsjoint or several, judgments, suits, costs, reasonable costs and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer amounts paid in any settlement effected with ECI’s consent) to honor a demand for payment under a Letter of Credit if which the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary Exercising Shareholder or any other Loan Partysuch underwriter or controlling person may become subject under applicable law or otherwise, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that insofar as such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, costs or expenses arise out of or disbursements resulted from are based upon (xi) the gross negligence, bad faith any untrue statement or willful misconduct of such Indemnitee or alleged untrue statement of any affiliate, director, officer, employee material fact contained in the registration statement or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, included in each case of clauses (x) and (y)the prospectus, as determined by a final, non-appealable judgment of a court of competent jurisdictionamended or supplemented, or (zii) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity the omission or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, alleged omission to state therein a material fact required to be stated therein or arranger or any similar role under necessary to make the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other thanstatements therein, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any light of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;circumstances in which they are made, not misleading; provided, however, that ECI will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is a final non-appealable order of a court of competent jurisdiction based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by the Exercising Shareholder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 subsection shall not apply with respect to Taxes other than amounts paid in settlement of any Taxes that represent lossessuch claim, claimsloss, damagesdamage, etc. arising from any non-Tax claimliability or action if such settlement is effected without the consent of ECI, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Agreement (Idb Holding Corp LTD)

Indemnities. The Borrowers shall In the event of any registered offering of Ordinary Shares pursuant to this Section 2: 2.7.1 the Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any Holder and their respective Affiliates and theirany underwriter for such Holder, and their Affiliates’each person, branchesif any, who controls the Holder (including its officers, directors, officers, employees, agents, partners, trustees or advisors agents and other representatives (collectively such as legal counsel and accountants), to the “Indemnitees”extent applicable) or such underwriter, from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which the Holder (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable) or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with (butinvestigating, in the case of Attorney Costs, limited preparing to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken defend or defending against or appearing as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented third-party witness in connection with such demand do not strictly comply with the terms of such Letter of Credit)loss, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationdamage, investigation or proceeding relating to any of the foregoingliability, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation action or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a final nonHolder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.7.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable), each other Holder participating in such registration, any underwriter for the Company, or for any such other Holder, and each person, if any, who controls the Company or such underwriter or such other Holder, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable) or any such controlling person and/or any such underwriter and/or such other Holder may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company (including its officers, directors, employees, agents and representatives (such as legal counsel and accountants), to the extent applicable), each other Holder participating in such registration, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-appealable order of a court of competent jurisdiction party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such Indemnitee untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the Final Prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the Final Prospectus was not entitled furnished to indemnification rights the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld[; and provided, further, that in the event that the Company shall have amended or supplemented any preliminary prospectus and furnished such amendments or supplements to the Holders, the foregoing indemnity agreement with respect to such payment preliminary prospectus shall not inure to the benefit of any Holder, if such Holder did not send or give a copy of the amended or supplemented prospectus to the person asserting the losses, claims, damages or liabilities (the "Claiming Person") with respect to which the indemnification is sought, provided however, that the amended or supplemented prospectus would have cured the defect giving rise to such loss, claim, damage or liability, and that the Company provided the amended or supplemented prospectus to the Holders prior to the written confirmation of the sale of the shares to the Claiming Person.] In no event shall the liability of a Holder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇. 2.7.3 Promptly after receipt by an indemnified party pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.22.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, this such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 12.4 shall 2.7.1 or 2.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising relieve it from any non-Tax claim.liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or

Appears in 1 contract

Sources: Investors' Rights Agreement

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2 or Section 3: 2.8.1 The Borrowers Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, any underwriter of such Holder, each person, if any, who controls the Holder or such underwriter and each of the foregoing person’s respective officers, directors, employees, partners, members, attorneys, advisors, agents or other representatives (a “Holder Indemnified Party”), from and against any and all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which any such Holder Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading and the Company will reimburse such Holder Indemnified Party promptly upon demand, for any reasonable documented, out-of-pocket legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding or (iii) any violation of alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement; provided that the Company will not be liable to any Holder Indemnified Party in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder Indemnified Party claiming for indemnification in writing specifically for inclusion therein; provided, further, that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Holder Indemnified Party and regardless of any sale in connection with such offering by the Holder Indemnified Party. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.8.2 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such ▇▇▇▇▇▇ and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the AgentsCompany, any underwriter for the Company, any other person participating in the distribution, each Lenderperson, if any, who controls the Company, such underwriter or such other person and each Issuer, of the Arrangers and their foregoing person’s respective Affiliates and their, and their Affiliates’, branchesofficers, directors, officers, employees, agents, partners, trustees members, attorneys, advisors, agents or advisors and other representatives (collectively the a IndemniteesCompany Indemnified Party”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which any such Company Indemnified Party may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the Registration Statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such ▇▇▇▇▇▇, and each such Holder will reimburse such Company Indemnified Party promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with (butinvestigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The indemnity agreement contained in this subsection 2.8.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇. 2.8.3 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 2.8.1 or 2.8.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.8.1 or 2.8.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the case defense of Attorney Costssuch action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, limited the indemnifying party will not be liable to such indemnified party pursuant to the reasonable and documented out-of-pocket fees, disbursements and provisions of said Sections 2.8.1 or 2.8.2 for any legal or other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence enter into any settlement if such settlement or release judgment requires an admission of Hazardous Materials fault or culpability on the part of the indemnified party or from any property currently or formerly owned or operated does not include as an unconditional term thereof the giving by the Borrowersclaimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.8.4 If recovery is not available under the foregoing indemnification provisions, for any Subsidiary or any reason other Loan Partythan as specified therein, or any Environmental Liabilities arising out the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is appropriate to reflect the relative fault of each of the activities or operations of indemnifying party and the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (the statements, omissions, or other than damages arising from the gross negligenceactions that resulted in such loss, bad faith claim, damage, liability, or willful misconduct of such Indemnitee or of any affiliateexpense, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating well as to this Agreement or reflect any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)relevant equitable considerations. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto considered the parties’ relative knowledge and whether or not any of access to information concerning the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such payment ▇▇▇▇▇▇. 2.8.5 Notwithstanding anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising 2.8 from any non-Tax claimperson or entity who was not guilty of such fraudulent misrepresentation.

Appears in 1 contract

Sources: Investors’ Rights Agreement (Selina Hospitality PLC)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2: 2.7.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, any Holder whose Registrable Securities or shares are included in the Arrangers and their respective Affiliates and theirregistration, and their Affiliates’any underwriter for such Holder, branchesand each person, directorsif any, officerswho controls the Holder or such underwriter, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’ s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse the Holder, such underwriter and each such controlling person of the Holder or the underwriter, promptly upon written demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable to any Holder, underwriter or controlling person in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder, such underwriter or such controlling persons claiming for indemnification in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligation; provided, further, that the indemnity agreement contained in this subsection 2.7.I shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 2.7.2. Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities or shares as the Company may reasonably request and will indemnify and hold harmless the Company, each of its directors, officers, any underwriter for the Company, any other person participating in the distribution and each person, if any, who controls the Company, such underwriter, or such other person from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse the Company each of its directors, officers, any underwriter, any other person participating in the distribution and each such controlling person of the Company, any underwriter or other person, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations: provided, further, that the indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of Attorney Costs, limited a Holder exceed the net proceeds from the offering received by such Holder. 2.7.3. Promptly after receipt by an indemnified party pursuant to the reasonable provisions of Sections 2.7.1 or 2.7.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.7.1 or 2.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party hereunder unless the failure to give such notice is materially prejudicial to an indemnifying party’s ability to defend such action. In case such action is brought against any indemnified party and documented out-of-pocket feesit notifies the indemnifying party of the commencement thereof, disbursements the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and other charges the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and participate in the case defense of an actual such action on behalf of such indemnified party or potential conflict parties. After notice from the indemnifying party to such indemnified party of interest between Indemnitees (where its election so to assume the Indemnitee(s) affected defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or 2.7.2 for any legal or other expense subsequently incurred by such conflict of interest informs indemnified party in connection with the Borrowers in writing of such conflict of interest)defense thereof, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) unless (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered indemnified party shall have employed counsel in connection accordance with the transactions contemplated thereby or the consummation provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom (including any refusal by an Issuer commencement of the action and within 15 days after written notice of the indemnified party’s intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, plaintiff to such indemnified party of a release from all liability in respect to such claim or any Environmental Liabilities arising out litigation. The failure to give notice to the indemnifying party within a reasonable time of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense commencement of any pending or threatened claim, investigation, litigation or proceeding) action of which the indemnified party is aware shall relieve the indemnifying party of any liability to the indemnified party under Section 2.7.1 and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available 2.7.2 to the extent that such liabilitiesfailure materially prejudices the indemnifying party’ s ability to adequately defend such action, 2.7.4. If recovery is not available under the foregoing indemnification provisions, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of for any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees reason other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdingsspecified therein, the Borrowers or any of their Affiliates. To parties entitled to indemnification by the extent that the undertakings terms thereof shall be entitled to indemnify contribution to liabilities and hold harmless expenses as more fully set forth in this Section 12.4 may an underwriting agreement to be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems executed in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party)registration. In determining the case amount of an investigation, litigation or other proceeding contribution to which the indemnity in this Section 12.4 appliesrespective parties are entitled, such indemnity there shall be effective whether considered the parties’ relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or not such investigationomission, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or and any other Person, whether or not any Indemnitee is otherwise equitable considerations appropriate under the circumstances. In no event shall the liability of a party thereto Holder exceed the net proceeds from the offering received by such Holder. 2.7.5. The rights and whether or not any obligations of the transactions contemplated hereunder or under any of Company and the other Loan Documents is consummated. All amounts due Holder under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 2.7 shall survive the resignation completion of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimapplicable registration.

Appears in 1 contract

Sources: Subscription Agreement (Citrine Global, Corp.)

Indemnities. The Borrowers shall indemnify (a) MSC will indemnify, defend and hold harmless each Holder of Registrable Securities included in any registration, qualification and/or compliance contemplated by this Agreement (whether or not the Agentssame is consummated), each Lenderdirector, officer, employee, agent, advisor and affiliate of any such Holder, each Issuer, the Arrangers and their respective Affiliates and theirunderwriter of such securities, and their Affiliates’each person, branchesif any, directorswho controls each such Holder and underwriter within the meaning of the Securities Act (each, officersan "INDEMNIFIED PERSON"), employees, agents, partners, trustees or advisors and other representatives (collectively to the “Indemnitees”) from and fullest extent enforceable under applicable law against any and all liabilities, obligationsclaims, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable damages and documented out-of-pocket expenses and disbursements of any kind liabilities (or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee actions in any way relating to or respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, prospectus, supplement, amendment, offering circular or other document related to any registration, qualification or compliance or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation (or alleged violation) of the Securities Act or other securities laws in connection with (butany such registration, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionqualification or compliance, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by will reimburse each such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of Indemnified Person for any Loan Document legal or any other agreement, letter or instrument delivered expenses reasonably incurred in connection with the transactions contemplated thereby investigating and/or defending (and/or preparing for any investigation or the consummation of the transactions contemplated thereby, (iidefense of) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigationloss, investigation damage, liability, action or proceeding relating violation, provided that MSC will not be liable in any such case to any of the foregoingsuch Indemnified Person if, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available but only to the extent that that, any such liabilitiesclaim, obligationsloss, lossesdamage, damagesliability, penaltiesaction, claims, demands, actions, judgments, suits, costs, expenses violation or disbursements resulted expense arises out of or results from (x) the gross negligence, bad faith any untrue statement in or willful misconduct of omission from written information furnished to MSC by such Indemnitee Holder or of any affiliate, director, officer, employee employee, agent, advisor or agent affiliate thereof expressly for use. (b) Each Holder will, if securities held by such Holder are included in a registration effected pursuant to this Agreement, severally (and not jointly) indemnify, defend and hold harmless MSC, each of such Indemniteeits directors and officers who signs the related registration statement, and each person, if any, who controls MSC within the meaning of the Securities Act, against all claims, losses, damages and liabilities (yor actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material breach of fact contained in any obligations under such registration statement, prospectus, supplement, amendment, offering circular or other document or any Loan Document by omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse MSC and such Indemnitee directors, officers or of controlling persons for any Related Indemnified Personlegal or any other expenses reasonably incurred in connection with investigating or defending (and/or preparing for any investigation or defense of) any such claim, loss, damage, liability or action, in each case of clauses to the extent, but only to the extent, that such untrue statement (xor alleged untrue statement) or omission (or alleged omission) was made in (or omitted from) such registration statement, prospectus, supplement, amendment, offering circular or other document in reliance upon and (y), as determined in conformity with written information furnished to MSC by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger such Holder or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee employee, agent, advisor or agent of such Indemnitee as determined by a finalaffiliate thereof expressly for use therein, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any provided that the liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Holder under Section 12.4 applies, such indemnity 4 hereof shall be effective whether or not limited to the net sales proceeds actually received by such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise Holder as a party thereto and whether or not any result of the transactions contemplated hereunder or under any sale by it of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that securities in such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4registration. The agreements covenants contained in this Section 12.4 4 hereof shall survive the resignation date upon which none of the Administrative Agent, the Collateral Agent, the Swing Loan Lender Registrable Securities shall be held by a Purchaser or any Issuer, the replacement of any Lender, be outstanding and the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimAgreement.

Appears in 1 contract

Sources: Registration Rights Agreement (Marketing Specialists Corp)

Indemnities. The Borrowers shall Each Investor (an “Indemnifying Investor”) hereby agrees to defend, indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives Investor (collectively the an IndemniteesIndemnified Investor”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind damages sustained or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected suffered by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or Indemnified Investor resulting from any property currently or formerly owned or operated failure by the Borrowers, any Subsidiary or any other Loan Partysuch Indemnifying Investor to perform its obligations, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out failure of its activities in connection herewith or therewith (whether before or after the Closing Date) (other thanrepresentations and warranties to be true and accurate, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in under this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan PartyAgreement, its directors, stockholders Equity Commitment Letter or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligationsits Limited Guarantee. Without limiting the provisions foregoing, in the event that (a) Purchaser (i) is required to pay damages to the Company or any other party due to a breach of Sections 3.1 the Acquisition Agreement or any Support Agreement by Purchaser or (ii) has an obligation to pay the Termination Fee or (b) the Investors have obligations under the Limited Guarantee, and 3.2such obligations are owed or damages are payable due to (i) a breach by an Investor (such Investor, a “Breaching Investor”) of such Breaching Investor’s obligations under its Equity Commitment Letter or Limited Guarantee, or (ii) a breach of a representation or warranty in the Acquisition Agreement or any Support Agreements that is in respect of information or matters provided by, or with respect to, such Breaching Investor, then, as between the Investors, such Breaching Investor will be solely responsible for any such liability attributable to such a breach (including, without limitation and to the extent applicable, payment in full of the Termination Fee) and shall indemnify the other Investor for any liability suffered by such other Investor. Except as set forth in the foregoing sentences of this Section 12.4 11, each Investor undertakes to provide the other Investor with cross-indemnities and contributions such that, in the event that either Investor has any liabilities or obligations under such Investor’s Equity Commitment Letter or Limited Guarantee, each Investor shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimbear 50% of such liabilities and obligations.

Appears in 1 contract

Sources: Interim Investors Agreement (Ayala Corp)

Indemnities. (a) The Borrowers shall Corporation agrees to indemnify and hold save harmless each of the Agents, each Lender, each Issuer, the Arrangers Underwriters and their respective Affiliates and their, affiliates and their Affiliates’, branches, respective directors, officers, employees, agentsshareholders, partnersagents and each person who controls the Underwriters within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (collectively, trustees or advisors the "Indemnified Parties" and other representatives (collectively the “Indemnitees”each an "Indemnified Party") from and against any and all liabilitieslosses (other than a loss of profits), obligationsclaims, lossesactions, damages, penaltiesliabilities, claimscosts or expenses, demandsjoint or several, actionsincluding the reasonable fees and expenses of their counsel that may be incurred in advising with respect to and/or defending any action, judgmentssuit, suitsproceeding, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind investigation or nature whatsoever which claim that may at any time be imposed on, incurred by made or asserted threatened against any such Indemnitee Indemnified Party or in enforcing this indemnity (collectively, "Claims" and each, a "Claim") in any way relating to caused by, or arising out of directly or indirectly from, or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-consequence of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) : (i) any information or statement (except Underwriters' Information) in the executionCanadian Offering Documents being or being alleged to be a misrepresentation or untrue, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter omission or instrument delivered in connection with the transactions contemplated thereby alleged omission to state therein any fact or the consummation information (except Underwriters' Information) required to be stated therein or necessary to make any of the transactions contemplated thereby, statements therein not misleading in light of the circumstances in which they were made; (ii) any Commitmentuntrue statement or alleged untrue statement of a material fact in the U.S. Offering Documents, Loan or Letter any omission or alleged omission of Credit a material fact required to be stated therein or necessary to make the use statements therein not misleading, or proposed use any untrue statement or alleged untrue statement of a material fact in the U.S. Offering Documents, or any omission or alleged omission of a material fact (except facts or information relating solely to the Underwriters or any of them that has been provided in writing to the Corporation by or on behalf of any Underwriter through the Co-Lead Underwriters specifically for inclusion therein) required to be stated therein or necessary to make the statements therein, in the light of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment circumstances under a Letter of Credit if the documents presented in connection with such demand do which they were made, not strictly comply with the terms of such Letter of Credit), or misleading; (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary order made or any inquiry, investigation (whether formal or informal) or other Loan Party, proceeding commenced or threatened by any Environmental Liabilities arising out of one or more competent authorities (not based solely upon the activities or operations the alleged activities of the BorrowersUnderwriters or the Selling Firm members, any Subsidiary if any) prohibiting, restricting, relating to or any other Loan Party, materially affecting the trading or distribution of the Offered Shares; or (iv) any actual breach of, default under or prospective claimnon-compliance by the Corporation with any requirements of Canadian Securities Laws, litigationU.S. Securities Laws, investigation the by-laws, rules or proceeding relating to any regulations of the foregoing, whether based on contract, tort TSX or NYSE or any representation, warranty, term or condition of this Agreement or in any certificate or other theory (including any investigation of, preparation for, document delivered by or defense on behalf of any pending the Corporation hereunder or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”)pursuant hereto; provided that such indemnity shall notthat, as to any Indemnitee, be available if and to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, jurisdiction in a final judgment from which no appeal can be made or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee a Governmental Authority in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent a final ruling from which no appeal can be made shall determine that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole liabilities, claims, actions, suits, proceedings, losses, costs, damages or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising expenses resulted from the gross negligence, bad faith fraud, fraudulent misrepresentation or willful wilful misconduct of an Indemnified Party claiming indemnity, this indemnity shall cease to apply to such Indemnitee or Indemnified Party. For greater certainty, the Corporation and the Underwriters agree that the foregoing shall not disentitle an Underwriter from claiming indemnification hereunder to the extent that the gross negligence, if any, relates to the Underwriters' failure to conduct adequate "due diligence". (b) If any Claim is asserted against any Indemnified Party, such Indemnified Party will notify the Corporation as soon as possible of the nature of such Claim, but failure to notify the Corporation shall not relieve the Corporation of any affiliateobligation which it may have to such Indemnified Party under this Section 13 except to the extent by which the Corporation is prejudiced by such failure, directorand the Corporation shall be entitled (but not required) to assume the defence of any suit brought to enforce such Claim. However, officerthe defence shall be conducted through legal counsel acceptable to the Indemnified Party, employee acting reasonably, and no settlement of any such Claim or agent admission of liability may be made by the Corporation or the Indemnified Party without the prior written consent of the other party (unless such Indemnitee as determined by a finalsettlement, non-appealable compromise or judgment (i) includes an unconditional release of a court of competent jurisdiction), nor shall any Indemnitee or any Loan the Indemnified Party have any from all liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith such action or therewith claim and (whether before ii) does not include any statement as to or after an admission of fault, culpability or a failure to act, by or on behalf of an Indemnified Party), such consent not to be unreasonably withheld and the Closing Date) (other than, in the case of Corporation shall not be liable for any Loan Party, in respect settlement of any such damages incurred Claim unless it has consented in writing to such settlement, such consent not to be unreasonably withheld. (c) The Corporation hereby acknowledges that the Underwriters contracting as acting as agents for the other Indemnified Parties under this Section 13 and under Section 14 with respect to all such Indemnified Parties and the Underwriters shall obtain and hold the rights and benefits of this Section 13 and under Section 14 in trust for and on behalf of such Indemnified Parties. (d) In any such Claim, the Indemnified Party shall have the right to retain separate counsel to act on his or its behalf; provided that the fees and disbursements of such counsel shall be paid by an Indemnitee the Indemnified Party unless: (i) the Corporation and the Indemnified Party shall have mutually agreed to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any retention of the other Loan Documents is consummated. All amounts counsel; (ii) the Corporation has not assumed the defence of the Claim within 10 days of receiving written notice of such Claim; or (iii) the named parties to any such Claim (including any added third or impleaded party) include both the Indemnified Party and the Corporation and the representation of both parties by the same counsel would be inappropriate due under to the actual or potential differing interests between them; provided that the Corporation shall only be required to pay the fees of one set of counsel in each of Canada and the United States pursuant to this Section 12.4 subsection 13(d) for all Indemnified Parties and it being understood, however, that the Corporation shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be paid within thirty liable for the reasonable fees and expenses of more than one separate law firm in each of Canada and the United States for all such Indemnified Parties. (30e) days after written demand therefor ;The Corporation hereby waives its rights to recover contribution from the Underwriters with respect to any liability of the Corporation by reason of any misrepresentation or alleged misrepresentation of a kind referred to in subsection 13(a)(i) or 13(a)(ii), provided, however, that such Indemnitee waiver shall promptly refund not apply in respect of liability caused or incurred by reason of any misrepresentation which is based upon the Underwriters' Information. (f) If any legal proceedings shall be instituted against the Corporation or if any regulatory authority or stock exchange shall carry out an investigation of the Corporation and any Indemnified Party is required to testify, or respond to procedures designed to discover information, in connection with or by reason of the services performed by the Underwriters hereunder, the Indemnified Parties may employ their own legal counsel and the Corporation shall pay and reimburse the Indemnified Parties for the reasonable fees, charges and disbursements (on a full indemnity basis) of such amount legal counsel, the other expenses reasonably incurred by the Indemnified Parties in connection with such proceedings or investigation and a fee at the normal per diem rate for any director, officer or employee of the Underwriters involved in the preparation for or attendance at such proceedings or investigation. (g) The rights and remedies of the Indemnified Parties set forth in Sections 13 and 14 hereof are to the fullest extent that there possible in law, cumulative and not alternative and the election by any Underwriter or other Indemnified Party to exercise any such right or remedy shall not be, and shall not be deemed to be, a waiver of any other rights and remedies. (h) The Corporation waives any right it may have of first requiring an Indemnified Party to proceed against or enforce any other right, power, remedy or security or claim or to claim payment from any other person before claiming under this indemnity. It is a final non-appealable order not necessary for an Indemnified Party to incur expense or make payment before enforcing such indemnity. (i) The rights of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements indemnity contained in this Section 12.4 13 shall survive not apply if the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting Corporation has complied with the provisions of Sections 3.1 2 and 3.2, 3 and the person asserting any claim contemplated by this Section 12.4 13 was not provided with a copy of any Offering Document which corrects any misrepresentation or alleged misrepresentation which is the basis of such claim and which was required, under Canadian Securities Laws or U.S. Securities Laws, to be delivered to such person and which the Corporation had provided to the Underwriters to deliver to such person. (j) If the Corporation has assumed the defense of any suit brought to enforce a claim hereunder, the Indemnified Party shall not apply provide the Corporation copies of all documents and information in its possession pertaining to the claim, take all reasonable actions necessary to preserve its rights to object to or defend against the claim, consult and reasonably cooperate with the Corporation in determining whether the claim and any legal proceeding resulting therefrom should be resisted, compromised or settled and reasonably cooperate and assist in any negotiations to compromise or settle, or in any defense of, a claim undertaken by the Corporation. (k) In respect of any judgment or order given or made for any amount due to Taxes the Underwriters under this Agreement that is expressed and paid in a currency (the "judgment currency") other than Canadian dollars, the Corporation will indemnify each Underwriter, each person who controls any Taxes that represent lossesUnderwriter and each affiliate of any Underwriter against any loss incurred by such Underwriter, claimssuch controlling person or such affiliate, damagesas the case may be, etcas a result of any variation as between: (i) the rate of exchange at which the Canadian dollar amount is converted into the judgment currency for the purpose of such judgment or order and (ii) the rate of exchange at which such Underwriter, controlling person or affiliate, as the case may be, is able to purchase Canadian dollars with the amount of judgment currency actually received by such Underwriter. arising from If the Canadian dollars so purchased are greater than the sum originally due to the Underwriters hereunder, the Underwriters agree to pay to the Corporation an amount equal to the excess of the dollars purchased over the sum originally due to the Underwriters. The foregoing indemnity shall constitute a separate and independent obligation of the Corporation and shall continue in full force and effect notwithstanding any non-Tax claimsuch judgment or order as aforesaid. The term "rate of exchange" shall include any premiums and costs of exchange payable in connection with the purchase of or conversion into Canadian dollars.

Appears in 1 contract

Sources: Underwriting Agreement (Baytex Energy Corp.)

Indemnities. (a) The Borrowers shall Borrower agrees to indemnify and hold harmless the Agentseach Agent, Arranger, Lender and Issuer and each Lender, each Issuer, the Arrangers and of their respective Affiliates and theirAffiliates, and their Affiliates’, branches, each of the directors, officers, employees, agents, partnersrepresentative, trustees attorneys, consultants and advisors of or advisors and other representatives to any of the foregoing (collectively including those retained in connection with the “Indemnitees”satisfaction or attempted satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of Credit)) (each such Person being an "Indemnitee") from and against any and all claims, damages, liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable disbursements and documented out-of-pocket expenses and disbursements of any kind or nature whatsoever which (including reasonable fees, disbursements and expenses of financial and legal advisors to any such Indemnitee) that may at any time be imposed on, incurred by or asserted against any such Indemnitee in connection with or arising out of any way investigation, litigation or proceeding, whether or not any such Indemnitee is a party thereto, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law or in equity, or on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter of Credit, any Disclosure Document, any Related Document, or any act, event or transaction related or attendant to any thereof, or the use or intended use of the proceeds of the Loans or Letters of Credit or in connection with any investigation of any potential matter covered hereby (butcollectively, the "Indemnified Matters"); provided, however, that the Borrower shall not have any obligation under this Section 11.4 to an Indemnitee with respect to any Indemnified Matter caused by or resulting from the gross negligence or willful misconduct of that Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Without limiting the case of Attorney Costsforegoing, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) "Indemnified Matters" include (i) all Environmental Liabilities and Costs arising from or connected with the executionpast, deliverypresent or future operations of the Borrower or any of its Subsidiaries involving any property subject to a Collateral Document, enforcementor damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of Contaminants on, performance upon or administration into such property or any contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial Action concerning any Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, (49 U.S.C. ss. 9601 et seq.) and applicable state property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the Borrower or any of its Subsidiaries, or the owner, lessee or operator of any property of the Borrower or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following foreclosure by any Agent, any Lender or any Issuer, or any Agent, any Lender or any Issuer having become the successor in interest to the Borrower or any of its Subsidiaries and (y) attributable solely to acts of such Agent, such Lender or such Issuer or any agent on behalf of such Agent, such Lender or such Issuer. (b) The Borrower shall indemnify each Agent, the Lenders and each Issuer for, and hold each Agent, the Lenders and each Issuer harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against the Agents, the Lenders and the Issuers for any broker, finder or consultant with respect to any agreement, arrangement or understanding made by or on behalf of any Loan Document Party or any other agreement, letter or instrument delivered of its Subsidiaries in connection with the transactions contemplated thereby or by this Agreement. (c) The Borrower, at the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense request of any pending or threatened claimIndemnitee, shall have the obligation to defend against such investigation, litigation or proceeding) proceeding or requested Remedial Action with legal counsel of the Borrower's choice (which counsel shall be reasonably satisfactory to such Indemnitee), and regardless the Borrower, in any event, may participate in the defense thereof with legal counsel of whether any the Borrower's choice. In the event that such Indemnitee is a party thereto (all requests the foregoingBorrower to defend against such investigation, collectivelylitigation or proceeding or requested Remedial Action, the “Indemnified Liabilities”); provided that Borrower shall promptly do so and, at such indemnity shall notIndemnitee's expense, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or shall have the right to have legal counsel of any affiliate, director, officer, employee or agent of its choice participate in such Indemnitee, (y) a material breach of any obligations under any Loan Document defense. No action taken by legal counsel chosen by such Indemnitee in defending against any such investigation, litigation or of any Related Indemnified Personproceeding or requested Remedial Action, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity shall vitiate or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under way impair the Facilities Borrower's obligation and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings duty hereunder to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole such Indemnitee. (d) The Borrower agrees that any indemnification or in part because they are violative of other protection provided to any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law Indemnitee pursuant to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees Existing Credit Agreement (including pursuant to Section 11.4 thereof) or any other Loan Document (as defined in the Existing Credit Agreement and each an "Existing Loan Document") shall survive the effectiveness of them. No Indemnitee shall be liable for this Agreement and any damages arising from the use by others of any information indemnification or other materials obtained through IntraLinks or protection provided to any Indemnitee pursuant to the Existing Credit Agreement, any other similar information transmission systems in connection with Existing Loan Document, this Agreement (including pursuant to this Section 11.4) or any other than damages arising from Loan Document shall (i) survive payment in full of the gross negligence, bad faith or willful misconduct of such Indemnitee or Obligations and (ii) inure to the benefit of any affiliatePerson that was at any time an Indemnitee under the Existing Credit Agreement, directorany other Existing Loan Document, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimDocument.

Appears in 1 contract

Sources: Credit Agreement (Hli Operating Co Inc)

Indemnities. The Borrowers All terms used with an initial capital letter in this Section 10 and not defined in this Section 10 have the same meanings as in the Sale Agreement. (a) Except for matters subject to the disclaimers in Section 9.12 of the Sale Agreement, and, subject to the cap in the Sale Agreement on aggregate liability for all damages under the Sale Agreement, inclusive of any claims hereunder, Transferors shall indemnify jointly and severally indemnify, defend, and hold harmless the Agents, each Lender, each Issuer, the Arrangers Transferees and their respective Affiliates and theirpartners, shareholders, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors members and other representatives the Partnership (collectively the "Transferee Indemnitees") from and against any and all claims, demands, liabilities, costs, expenses, penalties, damages, and losses, including without limitation reasonable legal fees, court costs, and expenses (collectively "Claims") asserted against, incurred, or suffered by any Transferee Indemnitee resulting from or arising out of the following matters of which Transferees shall provide written notice to Transferors within a period of nine (9) months after the Closing Date (time being of the essence),: (i) any personal injury or property damage (other than casualty loss covered in Section 8.2 or 8.3 of the Sale Agreement) which occurred in, on, or under the Project prior to the date of this Assignment from any cause whatsoever other than as a consequence of the negligent acts or omissions of any Transferee or Purchaser or their respective agents, employees, or contractors; (ii) any claim, demand, lawsuit, arbitration, or other legal proceeding initiated by or on behalf of one or more of the shareholders of, or partners or members in, Transferors relating to the execution of this Assignment and the transfer of the Transferred Interests to Transferees under this Assignment; and (iii) except to the extent already prorated between the parties under the Sale Agreement, any and all liabilities, obligations, lossesdebts, damagescontracts, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements other commitments of any kind or nature whatsoever which may at any time be imposed onwhatsoever, incurred by whether accrued, fixed, absolute, conditional, determined, or asserted against any such Indemnitee in any way relating to determinable of the Partnership, existing as of the Closing Date or arising out of or in connection with resulting from any transaction of the Partnership entered into prior to the Closing Date, except for liabilities and obligations arising on or after the Closing Date under or related to the Service Contracts, the Leases (but, identified on the most recent Rent Roll delivered by Transferors and any Leases entered into after the date of the Rent Roll in the case ordinary course of Attorney Costsbusiness), limited to or the reasonable Permitted Exceptions; provided, however, nothing herein affects Transferors' obligations or Transferees' rights under the Sale Agreement for a breach of Sellers' representations and documented out-of-pocket feeswarranties, disbursements but Transferees shall be precluded from recovering more than the actual amount of any Claims for the same errors, acts or omissions if recovery is sought under both the Sale Agreement and other charges of one counsel to all Indemnitees taken as a whole andthis indemnity. (b) Transferees shall jointly and severally indemnify, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictiondefend, and in hold harmless Transferors and their partners, shareholders, and members (the case of an actual "Transferor Indemnitees") from and against any and all Claims asserted against, incurred, or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected suffered by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) any Transferor Indemnitee resulting from or arising out of: (i) any personal injury or property damage which occurs in, on, or under the execution, delivery, enforcement, performance Project on or administration of after the Closing Date from any Loan Document or any cause whatsoever other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation than as a consequence of the transactions contemplated thereby, (ii) any Commitment, Loan negligent acts or Letter omissions of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)Transferors, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowerstheir agents, any Subsidiary or any other Loan Partyemployees, contractors, subcontractors, or any Environmental Liabilities arising out of the activities or operations of the BorrowersJPI Apartment Construction, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based L.P. first occurring on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date.; and (ii) any and all liabilities, obligations, debts, contracts, and other commitments of any kind or nature whatsoever, whether accrued, fixed, absolute, conditional, determined, or determinable of the Partnership arising out of or resulting from any transaction of the Partnership entered into from or after the Closing Date and any Partnership liabilities and obligations arising from or after the Closing Date under or related to the Service Contracts, the Leases (other than, identified on the most recent Rent Roll delivered by Transferors and any Leases entered into after the date of the Rent Roll in the case ordinary course of any Loan Partybusiness), in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimPermitted Exceptions.

Appears in 1 contract

Sources: Contract of Sale (Education Realty Trust, Inc.)

Indemnities. The Borrowers shall indemnify (a) Westfield hereby agrees to indemnify, defend and hold harmless the Agents, each Lender, each Issuer, the Arrangers protect Owner and their respective Affiliates and their, and their Affiliates’, branches, directors, its officers, employees, agents, partners, trustees or advisors directors and other representatives managers (each such person collectively called "the “Indemnitees”indemnified parties" for the purposes of this Section 34.12(a)) from and against any and all liabilities, obligationsclaims, losses, causes of action, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements liabilities (including, without limitation, attorneys' fees and expenses incurred in good faith and court costs) incurred by the indemnified parties by reason of any kind claim or nature whatsoever which may at demand being made upon or any time be imposed on, incurred by or asserted action taken against any such Indemnitee in any way relating to or the indemnified parties arising directly out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionany willful misconduct or negligent or fraudulent act by Westfield, deliveryany Affiliate of Westfield, enforcement, performance or administration of (ii) any Loan Document lien or similar right against all or any other agreementportion of the Land, letter the Center or instrument delivered the Project (or any supplies, materials or equipment incorporated into the Project) which may be filed in connection with the transactions contemplated thereby Project, provided that Owner shall have paid to Westfield the applicable progress payments (or the consummation of the transactions contemplated therebyportions thereof) to which such lien or similar right relates. The indemnified parties shall, (ii) any Commitmentin good faith, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer endeavor to honor a demand for payment under a Letter of Credit if the documents presented notify Westfield in connection with writing as to every such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation demand or proceeding relating to any of action against the foregoing, whether based on contract, tort or any other theory indemnified parties within ten (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (3010) days after written they becomes aware that such claim or demand therefor ;has been made or such action has been taken, provided, however, that such Indemnitee shall promptly refund such amount failure to notify Westfield does not limit Westfield's liability under this Section 34.12(a) to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was failure does not entitled to indemnification adversely affect Westfield's rights with respect to such payment pursuant claim. (b) Owner hereby agrees to indemnify, defend and protect Westfield and each of its respective officers, directors and managers (each such person collectively called "the express terms indemnified parties" for the purposes of this Section 12.434.12(b)), and hold each of the indemnified parties harmless against all claims, losses, causes of action, damages, costs, expenses and liabilities (including, without limitation, attorneys' fees and expenses incurred in good faith and court costs) incurred by the indemnified parties by reason of any claim or demand being made upon or any action taken against the indemnified parties arising directly out of (i) any willful misconduct or negligent or fraudulent act by Owner, except to the extent a member of the Westfield Group is responsible for such willful misconduct or negligence or fraud of Owner, or (ii) any act taken or omission made by Westfield in the performance of its obligations hereunder, provided that such act or omission was not the result of the negligence or willful misconduct or fraudulent act of Westfield or its Affiliate. The agreements indemnified parties shall, in good faith, endeavor to notify Owner in writing as to every such claim, demand or action against the indemnified parties within ten (10) days after they become aware that such claim or demand has been made or such action has been taken, PROVIDED, HOWEVER, that a good faith failure to notify Owner does not limit Owner's liability under this Section 12.4 34.12(b) to the extent such failure does not adversely affect Westfield's rights with respect to such claim. (c) The provisions of this Section 34.12 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimAgreement.

Appears in 1 contract

Sources: Master Development Framework Agreement (Westfield America Inc)

Indemnities. The Borrowers All terms used with an initial capital letter in this Section 12 and not defined in this Section 12 have the same meanings as in the Sale Agreement. (a) Except for matters subject to the disclaimers in Section 9.12 of the Sale Agreement, and, subject to the cap in the Sale Agreement on aggregate liability for all damages under the Sale Agreement, inclusive of any claims hereunder, Transferors shall indemnify jointly and severally indemnify, defend, and hold harmless the Agents, each Lender, each Issuer, the Arrangers Transferees and their respective Affiliates and theirpartners, shareholders, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors members and other representatives the Partnership (collectively the "Transferee Indemnitees") from and against any and all claims, demands, liabilities, costs, expenses, penalties, damages, and losses, including without limitation reasonable legal fees, court costs, and expenses (collectively "Claims") asserted against, incurred, or suffered by any Transferee Indemnitee resulting from or arising out of the following matters of which Transferees shall provide written notice to Transferors within a period of nine (9) months after the Closing Date (time being of the essence),: (i) any personal injury or property damage (other than casualty loss covered in Section 8.2 or 8.3 of the Sale Agreement) which occurred in, on, or under the Project prior to the date of this Assignment from any cause whatsoever other than as a consequence of the negligent acts or omissions of any Transferee or Purchaser or their respective agents, employees, or contractors; (ii) any claim, demand, lawsuit, arbitration, or other legal proceeding initiated by or on behalf of one or more of the shareholders of, or partners or members in, Transferors relating to the execution of this Assignment and the transfer of the Transferred Interests to Transferees under this Assignment; and (iii) except to the extent already prorated between the parties under the Sale Agreement, any and all liabilities, obligations, lossesdebts, damagescontracts, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements other commitments of any kind or nature whatsoever which may at any time be imposed onwhatsoever, incurred by whether accrued, fixed, absolute, conditional, determined, or asserted against any such Indemnitee in any way relating to determinable of the Partnership, existing as of the Closing Date or arising out of or in connection with resulting from any transaction of the Partnership entered into prior to the Closing Date, except for liabilities and obligations arising on or after the Closing Date under or related to the Service Contracts, the Leases (but, identified on the most recent Rent Roll delivered by Transferors and any Leases entered into after the date of the Rent Roll in the case ordinary course of Attorney Costsbusiness), limited to or the reasonable Permitted Exceptions; provided, however, nothing herein affects Transferors' obligations or Transferees' rights under the Sale Agreement for a breach of Sellers' representations and documented out-of-pocket feeswarranties, disbursements but Transferees shall be precluded from recovering more than the actual amount of any Claims for the same errors, acts or omissions if recovery is sought under both the Sale Agreement and other charges of one counsel to all Indemnitees taken as a whole andthis indemnity. (b) Transferees shall jointly and severally indemnify, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictiondefend, and in hold harmless Transferors and their partners, shareholders, and members (the case of an actual "Transferor Indemnitees") from and against any and all Claims asserted against, incurred, or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected suffered by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) any Transferor Indemnitee resulting from or arising out of: (i) any personal injury or property damage which occurs in, on, or under the execution, delivery, enforcement, performance Project on or administration of after the Closing Date from any Loan Document or any cause whatsoever other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation than as a consequence of the transactions contemplated thereby, (ii) any Commitment, Loan negligent acts or Letter omissions of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)Transferors, or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowerstheir agents, any Subsidiary or any other Loan Partyemployees, contractors, subcontractors, or any Environmental Liabilities arising out of the activities or operations of the BorrowersJPI Apartment Construction, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based L.P. first occurring on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date.; and (ii) any and all liabilities, obligations, debts, contracts, and other commitments of any kind or nature whatsoever, whether accrued, fixed, absolute, conditional, determined, or determinable of the Partnership arising out of or resulting from any transaction of the Partnership entered into from or after the Closing Date and any Partnership liabilities and obligations arising from or after the Closing Date under or related to the Service Contracts, the Leases (other than, identified on the most recent Rent Roll delivered by Transferors and any Leases entered into after the date of the Rent Roll in the case ordinary course of any Loan Partybusiness), in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimPermitted Exceptions.

Appears in 1 contract

Sources: Contract of Sale (Education Realty Trust, Inc.)

Indemnities. (a) The Borrowers shall indemnify Fund agrees to indemnify, defend and hold Distributor, its officers and directors and any person who controls Distributor within the meaning of Section 15 of the Securities Act of 1933, free and harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actionsliabilities and expenses (including the cost of investigating or defending such claims, judgmentsdemands or liabilities and any counsel fees incurred in connection therewith) which Distributor, suits, costs, reasonable its officers and documented out-of-pocket expenses and disbursements of any kind directors or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee controlling person may incur under the Securities Act of 1933, or under the common law or otherwise, arising out of or based upon any alleged untrue statement of a material fact contained in any way relating to the Fund's Registration Statement or Prospectus or arising out of or based upon any alleged omission to state a material fact required to be stated in connection with either thereof or necessary to make the statements in either thereof not misleading; providing, however, that this indemnity, to the extent that it might require indemnity of any person who is an officer or director or controlling person of Distributor and who is also a director or officer of the Fund, shall not inure to the benefit of such officer or director or controlling person unless a court of competent jurisdiction shall determine, or it shall have been determined by controlling precedent, that such result would not be against public policy as expressed in the Securities Act of 1933; and further provided, that in no event shall anything herein contained be so construed as to protect Distributor (or its officers and directors or any controlling persons) against any liability to the Fund or its security holders to which Distributor would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence, in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement. The Fund's agreement to indemnify Distributor, its officers and directors and any such controlling person as aforesaid is expressly conditioned upon its being notified of any action brought against Distributor, its officers and directors or any such controlling person, such notification to be given by letter or telegram addressed to the Fund at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or other legal process shall have been served. The failure to so notify the Fund of any such action shall not relieve it from any liability which it may have to the person against whom such action is brought by reason of any such alleged untrue statement or omission otherwise than on account of the indemnity contained in this paragraph. The Fund will be entitled, at its election, to assume the defense of any suit brought to enforce any such claim, demand or liability, but, in such case, such defense shall be conducted by counsel of good standing chosen by the Fund and approved by Distributor. In the event the Fund does elect to assume the defense of any such suit and retain counsel of good standing approved by the Distributor, the defendant or defendants in such suit shall bear the fees and expenses of any additional counsel retained by any of them; but in case the Fund does not elect to assume the defense of Attorney Costsany such suit, limited or in case Distributor does not approve of counsel chosen by the Fund, the Fund will reimburse Distributor, its officers and directors, or the controlling person named as defendant or defendants in such suit, for the reasonable fees and expenses of any counsel retained by Distributor or them. This indemnity will inure exclusively to Distributor's benefit, to the reasonable benefit of its successors, to the benefit of its officers and documented out-of-pocket fees, disbursements directors and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictiontheir respective estates, and in to the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration benefit of any Loan Document controlling person and its successors. The Fund agrees to notify the Distributor promptly of the commencement of any litigation or proceedings against it or any other agreement, letter of its officers or instrument delivered directors in connection with the transactions contemplated thereby or issue and sale of any of its Shares. (b) Distributor agrees to indemnify, defend and hold the consummation Fund, its several officers and directors, and any person who controls the Fund within the meaning of Section 15 of the transactions contemplated therebySecurities Act of 1933, (ii) free and harmless from and against any Commitmentand all claims, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom demands, liabilities and expenses (including the cost of investigating or defending such claims, demands or liabilities and any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented counsel fees incurred in connection with such demand do not strictly comply with therewith) which the terms of such Letter of Credit)Fund, its officers or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Partydirectors, or any Environmental Liabilities arising out such controlling person may incur under the Securities Act of 1933 or under the activities common law or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available otherwise: but only to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses liability or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities expense incurred by the Indemnitees Fund, its officers or directors, or such controlling person resulting from such claims or demands shall arise out of or be based upon any alleged untrue statement of them. No Indemnitee a material fact contained in information furnished in writing by Distributor to the Fund for use in the Fund's Registration Statement or Prospectus or shall arise out of or be liable for based upon any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems alleged omission to state a material fact in connection with this Agreement such information required to be stated in the Registration Statement or Prospectus or necessary to make such information not misleading. Distributor's agreement to indemnify the Fund, its officers and directors, and any such controlling person is expressly conditioned upon its being notified of any action brought against the Fund, its officers and directors and any such controlling person, such notification to be given by letter or telegram addressed to Distributor at its principal office in Omaha, Nebraska, and sent to it by the person against whom such action is brought, within ten (10) days after the summons or other than damages arising from first legal process shall have been served. Distributor shall have a right to control the gross negligence, bad faith or willful misconduct defense of such Indemnitee action, with counsel of its own choosing, satisfactory to the Fund, if such action is based solely upon such alleged misstatement or of any affiliateomission on its part, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or and in any other Loan Document event Distributor or arising out of its activities in connection herewith or therewith (whether before or after such controlling person shall each have the Closing Date) (other than, right to participate in the case defense or preparation of any Loan Party, in respect the defense of any such damages incurred action. The failure to so notify Distributor of any such action shall not relieve Distributor from any liability which Distributor may have to the Fund, its officers or paid directors, or to such controlling person by an Indemnitee to a third party). In the case reason of an investigation, litigation any such untrue statement or other proceeding to which the omission on Distributor's part otherwise than on account of its indemnity contained in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimparagraph.

Appears in 1 contract

Sources: Distribution Agreement (KPM Funds Inc)

Indemnities. The Borrowers shall (a) Each Exchanging Stockholder, severally but not jointly, ▇▇▇▇▇▇ agrees to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers both Parent and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) Acquirer from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, losses or expenses (including reasonable attorneys' fees and documented out-of-pocket expenses and disbursements of expenses) ("Damages") actually suffered or paid by any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken Exchanging Stockholder as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation result of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document representation or warranty made by such Indemnitee or of any Related Indemnified Person, Exchanging Stockholder in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliatesthis Agreement. To the extent that the Exchanging Stockholders' undertakings to indemnify and hold harmless set forth in this Section 12.4 7.2(a) may be unenforceable in whole or in part because they are violative of any applicable Law or public policyunenforceable, the Borrowers Exchanging Stockholders shall contribute the maximum portion amount that it is they are permitted to pay and satisfy contribute under applicable Law law to the payment and satisfaction of all Indemnified Liabilities Damages incurred by the Indemnitees parties entitled to indemnification hereunder. (b) Acquirer and ▇▇▇▇▇▇ hereby agree to indemnify and hold harmless the Exchanging Stockholders against Damages actually suffered or paid by the Exchanging Stockholders as a result of the breach of any representation or warranty made by the Parent or Acquirer in this Agreement. To the extent that Parent or Acquirer's undertakings set forth in this Section 7.2(b) may be unenforceable, Acquirer and Parent shall contribute the maximum amount that they are permitted to contribute under applicable law to the payment and satisfaction of themall Damages incurred by the parties entitled to indemnification hereunder. (c) Any party seeking indemnification under this Article VII (an "Indemnified Party") shall give each party from whom indemnification is being sought (each, an "Indemnifying Party") notice of any matter for which such Indemnified Party is seeking indemnification, stating the amount of the Damages, if known, and method of computation thereof, and containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed or arises. No Indemnitee The obligations of an Indemnifying Party under this Article VII with respect to Damages arising from any claims of any third party which are subject to the indemnification provided for in this Article VII (collectively, "Third Party Claims") shall be liable for any damages arising from governed by and contingent upon the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligencefollowing additional terms and conditions: if an Indemnified Party shall receive, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date, initial notice of any Third Party Claim, the Indemnified Party shall give the Indemnifying Party notice of such Third Party Claim within such time frame as is necessary to allow for a timely response and in any event within 30 days of the receipt by the Indemnified Party of such notice; PROVIDED, HOWEVER, that the failure to provide such timely notice shall not release the Indemnifying Party from any of its obligations under this Article VII except to the extent the Indemnifying Party is materially prejudiced by such failure. The Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim at its expense and through counsel of its choice if it gives notice of its intention to do so to the Indemnified Party within 30 days of the receipt of such notice from the Indemnified Party; PROVIDED, HOWEVER, that if there exists or is reasonably likely to exist a conflict of interest that would make it inappropriate in the reasonable judgment of the Indemnified Party (upon advice of counsel) (other thanfor the same counsel to represent both the Indemnified Party and the Indemnifying Party, then the Indemnified Party shall be entitled to retain its own counsel, at the expense of the Indemnifying Party, provided that the Indemnified Party and such counsel shall contest such Third Party Claims in good faith. In the event the Indemnifying Party exercises the right to undertake any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party, at the Indemnifying Party's expense, all witnesses, pertinent records, materials and information in the Indemnified Party's possession or under the Indemnified Party's control relating thereto as is reasonably required by the Indemnifying Party. Similarly, in the case event the Indemnified Party is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and make available to the Indemnified Party, at the Indemnifying Party's expense, all such witnesses, records, materials and information in the Indemnifying Party's possession or under the Indemnifying Party's control relating thereto as is reasonably required by the Indemnified Party. The Indemnifying Party shall not, without the written consent of the Indemnified Party, (i) settle or compromise any Third Party Claim or consent to the entry of any Loan Party, judgment which does not include as an unconditional term thereof the delivery by the claimant or plaintiff to the Indemnified Party of a written release from all liability in respect of such Third Party Claim or (ii) settle or compromise any such damages incurred Third Party Claim in any manner that may adversely affect the Indemnified Party. No Third Party Claim which is being defended in good faith by the Indemnifying Party or paid which is being defended by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity Indemnified Party as provided above in this Section 12.4 applies, such indemnity 7.2(c) shall be effective whether or not such investigation, litigation or proceeding is brought settled by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any the Indemnified Party without the written consent of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimIndemnifying Party.

Appears in 1 contract

Sources: Stock Exchange Agreement (Allergy Immuno Technologies Inc)

Indemnities. The Borrowers shall 7.1 You undertake to indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers Ebury and our Affiliates (and our and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors representatives and other representatives subcontractors) (collectively each an “Indemnified Person” and together the “IndemniteesIndemnified Persons”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind Losses suffered or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee of them in any way relating to or arising out the course of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel result of anything done or omitted to be done for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case purposes of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowers, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising carrying out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort Services for you or any other theory (including any investigation of, preparation forotherwise acting upon your instructions in accordance with this Agreement, or defense of any pending otherwise caused by a failure by you to comply with your obligations or threatened claimrepresentations and warranties hereunder, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available save to the extent that such liabilitiesLosses flow directly from the wilful default, obligationsfraud or negligence on the part of the Indemnified Person concerned. 7.2 The benefit of Clause 7.1 shall apply severally to each Indemnified Persons and, losseswithout prejudice to Clause 29.2, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct shall also be enforceable by us on behalf of such Indemnitee or ourselves and on behalf of any affiliate, director, officer, employee other Indemnified Person. You waive any right you may have of first requiring us (or agent of such Indemnitee, (yany other Indemnified Person) a material breach to proceed against or enforce any other rights or security or claim or payment from any person before claiming from you under this Clause 7. This waiver applies irrespective of any obligations under Applicable Laws or any Loan Document by such Indemnitee or provision of this Agreement to the contrary. Further, you expressly confirm that you intend that this indemnity shall extend from time to time to any Related and all variations to this Agreement. 7.3 For the avoidance of doubt, if a claim is brought against the Indemnified Person, in each case of clauses (x) and (y), as determined Persons by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger Beneficiary or any similar role under other third party, we shall be entitled to settle or otherwise deal with the Facilities and other than claim in our sole discretion. Further, if any claims arising out discharge, release or arrangement (whether in respect of any act or omission of Holdings, the Borrowers your obligations or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable security for those obligations or otherwise) is made by us in whole or in part because they are violative on the basis of any applicable Law or public policypayment, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information security or other materials obtained through IntraLinks disposition which is avoided or other similar information transmission systems must be restored in connection with this Agreement (other than damages arising from the gross negligenceinsolvency or otherwise, bad faith or willful misconduct of such Indemnitee or of any affiliatewithout limitation, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any then your liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall Clause 7 will continue or be paid within thirty (30) days after written demand therefor ;providedreinstated as if the discharge, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was release or arrangement had not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimoccurred.

Appears in 1 contract

Sources: Relationship Agreement

Indemnities. In the event of any registered offering of Common Stock pursuant to this Section ‎12.4: 12. 4.1. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lender, each Issuer, the Arrangers any BRDT Holders and their respective Affiliates and theirany underwriter for such BRDT Holders, and their Affiliates’each person, branchesif any, directorswho controls the BRDT Holders or such underwriter, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the BRDT Holders or any such underwriter or controlling Person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in connection with the registration statement or included in the prospectus, as amended or supplemented, or (butii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the case light of Attorney Coststhe circumstances in which they are made, limited not misleading or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, or any rule or regulation promulgated under the Securities Act or the Exchange Act, or any state securities or blue sky laws applicable to the reasonable Company and documented out-of-pocket fees, disbursements and other charges of one counsel relating to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual action or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation inaction required of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented Company in connection with such demand do registration or qualification under such state securities or blue sky laws; and the Company will reimburse the BRDT Holders, such underwriter and each such controlling Person of the BRDT Holders or the underwriter, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not strictly comply be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a BRDT Holders, such underwriter or such controlling Persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection ‎12.4.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling Person of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder made in conformity with the terms provisions of this Agreement. 12.4.2. Each Holder participating in registration hereunder will indemnify and hold harmless the Company (including each of its directors and officers, employees, legal counsel and accountants), and each other seller of Registrable Common Stock under such Letter registration statement (and each Person, if any, who controls such seller), any underwriter for the Company, and each Person, if any, who controls the Company or such underwriter (for the purposes of Creditthis Section ‎12.4.1, each of the above, the "Indemnitee"), to the fullest extent permitted by law, from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company or any such person, holder, controlling Person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, any Subsidiary or any other Loan Partythe Exchange Act, or any Environmental Liabilities arising out rule or regulation promulgated under the Securities Act or the Exchange Act, or any state securities or blue sky laws applicable to the Company and relating to action or inaction required of the activities Company or operations the BRDT Holders in connection with such registration or qualification under such state securities or blue sky laws, and each such BRDT Holders will reimburse the Indemnitees, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in conformity with written information furnished by such BRDT Holders specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the Borrowersfinal prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any Subsidiary or underwriter of any other Loan Partyof its due diligence obligations, or (iv) to the extent they exist; provided, further, that the indemnity agreement contained in this subsection ‎12.4.1shall not apply to amounts paid in settlement of any actual or prospective such claim, litigationloss, investigation damage, liability or proceeding relating action if such settlement is effected without the consent of the BRDT Holders affected thereby, as the case may be, which consent shall not be unreasonably withheld. 12.4.3. Promptly after receipt by an indemnified party pursuant to the provisions of Sections ‎12.4.1 or ‎12.4.1 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section ‎12.4.1 or ‎12.4.1, promptly notify the indemnifying party of the commencement thereof. The failure to notify an indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability that it may have to any of the foregoingindemnified party, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available except to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee indemnifying party is prejudiced in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdingscommencement thereof, the Borrowers or any of their Affiliates. To indemnifying party shall have the right to participate in, and, to the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 it may be unenforceable in whole or in part because they are violative of any applicable Law or public policywish, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection jointly with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after indemnifying party similarly notified, to assume the Closing Date) (other than, in the case of any Loan Party, in respect of any defense thereof with counsel reasonably satisfactory to such damages incurred or paid by an Indemnitee to a third indemnified party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties (together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to select one separate counsel to participate in the defense of such Indemnitee action on behalf of all such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections ‎12.4.1 or ‎12.4.1 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall promptly refund have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. The indemnified party shall reasonably cooperate with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the indemnified party which relates to such action or claim. The indemnifying party shall keep the indemnified party apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party will consent, without the prior written consent of the indemnified party, to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the indemnified party with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. 12.4.4. If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. 12.4.5. In the event that any BRDT Holder who is a party to this Agreement participates in a registration under this Section ‎10, then the provisions of this Section ‎12.3.6 shall apply to it, mutatis mutandis. 12.4.6. Notwithstanding the foregoing, to the extent that there is the provisions on indemnification contained in the underwriting agreements entered into among the selling BRDT Holders, the Company and the underwriters in connection with the underwritten Public Offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall be controlling as to the Registrable Common Stock or any other securities requested to be registered by any selling BRDT Holders in the Public Offering. 12.5. Obligations of the Company. Whenever required under this Section ‎10 to effect the registration of any Registrable Common Stock, the Company shall, as expeditiously as possible: 12. 5.1. prepare and file with the SEC a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights registration statement with respect to such payment pursuant Registrable Common Stock and use its best efforts to cause such registration statement to become effective, and, upon the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation request of the Administrative AgentBRDT Holders registered thereunder, keep such registration statement effective for a period of up to nine (9) months or, if sooner, until the Collateral Agent, distribution contemplated in the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimregistration statement has been completed.

Appears in 1 contract

Sources: Shareholders Agreement (Breedit Corp.)

Indemnities. The Borrowers Borrower shall indemnify and hold harmless the Agents, each Lender, each Issuer, the Arrangers and their respective Affiliates and their, and their Affiliates’, branches, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (butbut limited, in the case of Attorney Costslegal fees and expenses, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionjurisdiction that is material to the interest of the Lenders, and solely in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such a conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Revolving Credit Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowersBorrower, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the BorrowersBorrower, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, jurisdiction or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, agent or arranger or any similar role under the Facilities Revolving Facility or the FILO Facility and other than any claims arising out of any act or omission of Holdings, the Borrowers Borrower or any of their its Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law law or public policy, the Borrowers Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction)Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty twenty (3020) days Business Days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4therefor. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this This Section 12.4 and Section 12.3 shall not apply with respect to Taxes other than any Taxes that represent lossesTaxes, claims, damages, etc. arising from any non-Tax claimwhich shall be governed by Section 3.1 and Section 3.4.

Appears in 1 contract

Sources: Credit Agreement (JOANN Inc.)

Indemnities. In the event of any registered offering of Registrable Securities pursuant to this Section 2: 2.7.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Holder, each Issuer, whose Registrable Securities are included in the Arrangers and their respective Affiliates and theirregistration, and their Affiliates’any underwriter for such Holder, branchespartner, directorsofficer or director, officersshareholder, employeeslegal consultant or accountants and each person, agentsif any, partners, trustees who controls the Holder or advisors such underwriter (in this Sections 2.7.1 and other representatives (collectively 2.7.2 the “IndemniteesIndemnitee) ), from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) are based upon (i) the execution, delivery, enforcement, performance any untrue statement or administration alleged untrue statement of any Loan Document material fact contained in the registration statement or any other agreementincluded in the prospectus, letter as amended or instrument delivered in connection with the transactions contemplated thereby supplemented, or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan the omission or Letter of Credit alleged omission to state therein a material fact required to be stated therein or necessary to make the use or proposed use of the proceeds therefrom (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do statements therein not strictly comply with the terms of such Letter of Credit)misleading, or (iii) any actual violation or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated violation by the BorrowersCompany of the Securities Act, the 1934 Act (as defined below), any Subsidiary federal or state securities law or any rule or regulation promulgated under the Securities Act, the 1934 Act or any federal or state securities law or the equivalent securities exchange law of another jurisdiction, in connection with the offering covered by such registration statement. 2.7.2 The Company will reimburse the Indemnitee promptly upon written demand, for any reasonable legal or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems them in connection with this Agreement (other than damages arising from the gross negligenceinvestigating, bad faith preparing to defend or willful misconduct of such Indemnitee defending against or of any affiliate, director, officer, employee or agent of such Indemnitee appearing as determined by a final, nonthird-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities party witness in connection herewith with such loss, claim, damage, liability, action or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;proceeding; provided, however, that the Company will not be liable to any Indemnitee, underwriter or controlling person in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is a final non-appealable order of a court of competent jurisdiction that based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Indemnitee was claiming for indemnification in writing specifically for inclusion therein; provided, further, that this indemnity shall not entitled be deemed to indemnification rights with respect to such payment pursuant to relieve any underwriter of any of its due diligence obligations; provided, further, that the express terms of this Section 12.4. The agreements indemnity agreement contained in this Section 12.4 subsection 2.7 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnitee, and regardless of any sale in connection with such offering by a selling shareholder. Such indemnity shall survive the resignation transfer of securities by a selling shareholder made in conformity with the provisions of this Agreement. 2.7.3 Each Holder participating in a registration hereunder will furnish to the Company in writing any information regarding such Holder and his or her intended method of distribution of Registrable Securities as the Company may reasonably request and will indemnify and hold harmless the Company, any underwriter for the Company, any other person participating in the distribution and each person, if any, who controls the Company, such underwriter, or such other person from and against any and all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the Administrative Agentcircumstances in which they were made, not misleading, but, in each case, only to the Collateral Agentextent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse the Swing Loan Lender Company, any underwriter, any other person participating in the distribution and each such controlling person of the Company, any underwriter or other person, promptly upon demand, for any Issuerreasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the replacement extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity agreement shall be individual and several by each Holder. The foregoing indemnity is also subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company, (ii) any underwriter and any person, if any, controlling the Company or the underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any Lenderof its due diligence obligations; provided, further, that the termination indemnity agreement contained in this subsection 2.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Commitments and Holders, as the repaymentcase may be, satisfaction or discharge which consent shall not be unreasonably withheld. In no event shall the liability of all a Holder exceed the other Obligations. Without limiting net proceeds from the offering received by such ▇▇▇▇▇▇. 2.7.4 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 3.1 2.7 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 2.7, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party hereunder. In case such action is brought against any indemnified party and 3.2it notifies the indemnifying party of the commencement thereof, this Section 12.4 the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 2.7.1 or 2.7.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence, (ii) the indemnifying party shall not apply have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within 15 days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 2.7.5 If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such ▇▇▇▇▇▇. 2.7.6 Notwithstanding the foregoing, to the extent that the provisions on indemnification contained in the underwriting agreements entered into among the selling Shareholders, the Company and the underwriters in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall be controlling as to the Registrable Securities or any Taxes that represent losses, claims, damages, etc. arising from other securities requested to be registered by any non-Tax claimselling Shareholder in the public offering.

Appears in 1 contract

Sources: Investors’ Rights Agreement (XJet Ltd.)

Indemnities. In the event of any registered offering of Ordinary Shares of the Company pursuant to this Agreement: a. The Borrowers shall Company will indemnify and hold harmless harmless, to the Agents, each Lender, each Issuerfullest extent permitted by law, the Arrangers and their respective Affiliates and theirInvestor, and their Affiliates’, branches, the directors, officers, partners, employees, agents, partnersrepresentatives or and each person, trustees or advisors and other representatives if any, who controls the Investor (collectively the “Indemnitees”each an "INDEMNITEE") from and against any and all liabilities, obligations, losses, damages, penaltiesclaims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected with the Company's consent) to which an Indemnitee may become subject under applicable law or otherwise, insofar as such losses, damages, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, reasonable and documented out-of-pocket costs or expenses and disbursements of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration statement or included in the final prospectus, as amended or supplemented, or (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, and the Company will reimburse an Indemnitee, promptly upon demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; PROVIDED, HOWEVER, that the Company will not be liable in any such case to the extent that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Indemnitee; PROVIDED, FURTHER, that the indemnity agreement contained in this subsection 5(a) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld. b. The Investor will indemnify and hold harmless the Company, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, costs or expenses (butincluding any amounts paid in any settlement effected with the selling shareholder's consent) to which the Company or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, and the Investor will reimburse the Company, any underwriter and each such controlling person of the Company or any underwriter, promptly upon demand, for any reasonable legal or other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case of Attorney Costs, limited to the reasonable and documented out-of-pocket feesextent, disbursements and other charges of one counsel but only to all Indemnitees taken the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by the Investor specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the case preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to the benefit of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the executionCompany and (ii) any underwriter, deliveryif a copy of the final prospectus was not furnished to the person or entity asserting the loss, enforcementliability, performance claim or administration damage at or prior to the time such furnishing is required by the 1933 Act; PROVIDED, FURTHER, that this indemnity shall not be deemed to relieve any underwriter of any Loan Document of its due diligence obligations; PROVIDED, FURTHER, that the indemnity agreement contained in this subsection 5(b) shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Investor, which consent shall not be unreasonably withheld. c. Promptly after receipt by an indemnified party pursuant to the provisions of Sections 5(a) or 5(b) of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 5(a) or 5(b), promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than hereunder, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other agreementindemnifying party similarly notified, letter to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; PROVIDED, HOWEVER, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or instrument delivered parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 5(a) or 5(b) for any legal or other expense subsequently incurred by such indemnified party in connection with the transactions contemplated thereby or defense thereof, unless (i) the consummation indemnified party shall have employed counsel in accordance with the provision of the transactions contemplated therebypreceding sentence, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the proceeds therefrom commencement of the action and within fifteen (including any refusal by an Issuer 15) days after written notice of the indemnified party's intention to honor a demand for payment under a Letter of Credit if employ separate counsel pursuant to the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit)previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any actual judgment or alleged presence or release of Hazardous Materials on or from enter into any property currently or formerly owned or operated settlement which does not include as an unconditional term thereof the giving by the Borrowers, any Subsidiary claimant or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrowers, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating plaintiff to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a such indemnified party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, in each case of clauses (x) and (y), as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee release from all liability in its capacity or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, or arranger or any similar role under the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final non-appealable order of a court of competent jurisdiction that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender claim or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.2, this Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimlitigation.

Appears in 1 contract

Sources: Registration Rights Agreement (Discount Investment Corp LTD)

Indemnities. In the event of any registered offering of Registrable Shares pursuant to this Agreement: 6.1 The Borrowers shall Company will indemnify and hold harmless harmless, to the Agentsfullest extent permitted by law, each Lenderany Holder, each Issuer, the Arrangers its officers and their respective Affiliates and theirdirectors, and their Affiliates’any underwriter for such Holder, branchesand each person, directorsif any, officerswho controls the Holder or such underwriter, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demandsliabilities, actions, judgments, suits, costs, reasonable and documented out-of-pocket expenses and disbursements of any kind joint or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but, in the case of Attorney Costs, limited to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdictionseveral, and in the case of an actual or potential conflict of interest between Indemnitees (where the Indemnitee(s) affected by such conflict of interest informs the Borrowers in writing of such conflict of interest), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom reasonable costs and expenses (including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented amounts paid in connection with such demand do not strictly comply any settlement effected with the terms Company's consent and including, for the avoidance of such Letter of Credit), or (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrowersdoubt, any Subsidiary amounts relating to Ordinary Shares sold that are not Registrable Shares) to which the Holder, its officers or any other Loan Partydirectors, or any Environmental Liabilities arising out of the activities such controlling person and/or any such underwriter may become subject under applicable law or operations of the Borrowersotherwise, any Subsidiary or any other Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that insofar as such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demandsliabilities (or actions or proceedings in respect thereof), actions, judgments, suits, costs, costs or expenses arise out of or disbursements resulted from are based upon (xi) the gross negligence, bad faith any untrue statement or willful misconduct of such Indemnitee or alleged untrue statement of any affiliate, director, officer, employee material fact contained in the registration statement or agent of such Indemnitee, (y) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person, included in each case of clauses (x) and (y)the prospectus, as determined by a final, non-appealable judgment of a court of competent jurisdictionamended or supplemented, or (zii) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity the omission or in fulfilling its role as an administrative agent, collateral agent, issuer of Letters of Credit, alleged omission to state therein a material fact required to be stated therein or arranger or any similar role under necessary to make the Facilities and other than any claims arising out of any act or omission of Holdings, the Borrowers or any of their Affiliates. To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4 may be unenforceable in whole or in part because they are violative of any applicable Law or public policy, the Borrowers shall contribute the maximum portion that it is permitted to pay and satisfy under applicable Law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (other than damages arising from the gross negligence, bad faith or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee or agent of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other thanstatements therein, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any light of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.4 shall be paid within thirty (30) days after written demand therefor ;circumstances in which they are made, not misleading; provided, however, that the Company will not be liable in any such Indemnitee shall promptly refund such amount case to the extent that there any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by a Holder, such underwriter or such controlling persons in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 6.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Company. 6.2 Each Holder participating in a registration hereunder will indemnify and hold harmless the Company, its officers and directors, any underwriter for the Company, and each person, if any, who controls the Company or such underwriter, from and against any and all losses, damages, claims, liabilities, and reasonable costs or expenses (including any amounts paid in any settlement effected with the Holder's consent) to which the Company, its officers or directors, or any such controlling person and/or any such underwriter may become subject under applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact contained in the registration statement or included in the prospectus, as amended or supplemented, or (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was based on information furnished in writing by such Holder specifically for inclusion therein. The foregoing indemnity agreement is subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final non-appealable order prospectus, such indemnity agreement shall not inure to the benefit of (i) the Company and (ii) any underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further, that the indemnity agreement contained in this subsection 6.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of a court majority in interest of competent jurisdiction that the Holders, as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Indemnitee was not entitled to indemnification rights with respect to such payment Holder. 6.3 Promptly after receipt by an indemnified party pursuant to the express terms of this Section 12.4. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Collateral Agent, the Swing Loan Lender or any Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. Without limiting the provisions of Sections 3.1 and 3.26.1 or 6.2 of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 6.1 or 6.2, promptly notify the indemnifying party of the commencement thereof. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 12.4 6. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and there is a conflict of interests which would prevent counsel for the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not apply be liable to such indemnified party pursuant to the provisions of said Sections 6.1 or 6.2 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the proviso of the preceding sentence or (ii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 6.4 If recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration. In determining the amount of contribution to which the respective parties are entitled, there shall be considered the parties' relative knowledge and access to information concerning the matter with respect to Taxes which the claim was asserted, the opportunity to correct and prevent any statement or omission, and any other than any Taxes equitable considerations appropriate under the circumstances. 6.5 Notwithstanding the foregoing, to the extent that represent lossesthe provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, claims, damages, etc. arising from any non-Tax claimthe provisions in the underwriting agreement shall control.

Appears in 1 contract

Sources: Registration Rights Agreement (Eci Telecom LTD/)