Pro Rata Members Indemnification Obligations Sample Clauses

Pro Rata Members Indemnification Obligations. Subject to the terms and conditions of this ARTICLE XI following the Closing, the Pro Rata Members, as defined below, shall, severally and not jointly, indemnify and defend GGB, its Affiliates, and each of their respective officers, directors, employees, agents and shareholders (collectively, the GGB Indemnified Parties and each a GGB Indemnified Party) against and from all Losses suffered, sustained or incurred by any GGB Indemnified Party, whether in respect of third party claims, claims between the parties hereto, or otherwise, to the extent such Losses are as a result of, arising out of, or by virtue of:‌