Common use of Required Indemnification Clause in Contracts

Required Indemnification. Each Stockholder shall be severally obligated to join on a pro rata basis (based on such Stockholder's pro rata share of the net proceeds paid by such Third Party) in an indemnification that is to be provided in connection with such Sale; provided that no Stockholder shall be obligated in connection with such Sale to agree to indemnify or hold harmless the Third Party with respect to an amount in excess of the net cash proceeds paid to such Stockholder in connection with such Sale. All Stockholders will bear their pro rata share of the costs and expenses incurred in connection with such Sale to the extent such costs are incurred for the benefit of all Stockholders and are not otherwise paid by the Company or the Third Party.

Required Indemnification. Each Stockholder shall be severally obligated to join on a pro rata basis (based on such Stockholder's pro rata share portion of the net proceeds paid by such Third Party) in an any indemnification that is to be provided in connection with such Saletransaction; provided that no Stockholder shall be obligated in connection with such Sale transaction to agree to indemnify or hold harmless the Third Party with respect to an amount in excess of the net cash proceeds paid to such Stockholder in connection with such Saletransaction. All Stockholders will bear their pro rata share portion of the costs and expenses incurred in connection with such Sale transaction to the extent such costs are incurred for the benefit of all Stockholders and are not otherwise paid by the Company or the Third Party.