Purchaser's Indemnification of Seller. Subject to limitations in this ARTICLE III, Purchaser shall indemnify, hold harmless and defend Seller from and against any Loss incurred by Seller caused by any breach by Purchaser of any representation or warranty contained herein and any Loss arising out of any claims, actions, suits or proceedings arising out of events occurring following the Effective Time relating to operations at the Banking Centers. Claims for indemnity must be made within the time frame set forth in Section 3.3(a).
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Gateway Financial Holdings Inc)
Purchaser's Indemnification of Seller. Subject to limitations in this ARTICLE Article III, Purchaser shall indemnify, hold harmless and defend Seller and its affiliates from and against any Loss incurred by Seller caused by by: (a) any breach by Purchaser of any representation or warranty contained herein herein; and (b) any Loss arising out of any claims, actions, suits or proceedings arising out of events occurring following the Effective Time relating to operations at the Banking CentersCenters or administration of any of the Deposit Liabilities by Purchaser. Claims for indemnity must be made within the time frame set forth in Section 3.3(a).
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Ecb Bancorp Inc), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc)
Purchaser's Indemnification of Seller. Subject to limitations in this ARTICLE III, Purchaser shall indemnify, hold harmless and defend Seller from and against any Loss incurred by Seller caused by any breach by Purchaser of any representation or warranty contained herein and any Loss arising out of any claims, actions, suits or proceedings arising out of events occurring following the Effective Time and relating to operations at the Banking Centers. Claims for indemnity must be made within the time frame set forth in Section 3.3(a).
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (New Peoples Bankshares Inc), Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc)
Purchaser's Indemnification of Seller. Subject to limitations in this ARTICLE III, Purchaser shall indemnify, hold harmless and defend Seller from and against any Loss incurred by Seller caused by any breach by Purchaser of any representation or warranty contained herein herein, and any Loss arising out of any claims, actions, suits or proceedings arising out of events occurring following the Effective Time and relating to operations at the Banking CentersCenter. Claims for indemnity must be made within the time frame set forth in Section 3.3(a).
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First National Corp /Va/)
