Common use of Third Party Indemnification Clause in Contracts

Third Party Indemnification. To ensure that the indemnities provided by each of the Seller and the Buyer to the other’s directors, officers and employees are enforceable, it is agreed by the Parties that each of the Seller and Buyer is acting as agent for its respective directors, officers and employees with respect to the indemnities intended to be given to those directors, officers and employees under this Article 7. Each of the Seller and the Buyer agrees that it will hold any right to indemnification that any director, officer or employee of it is intended to have under this Article in trust for that director, officer or employee, and that funds received by the Seller or Buyer in respect of any claims under this Article by any director, officer or employee of it will be held in trust for that director, officer or employee.

Third Party Indemnification. To ensure For the purposes of ensuring that the indemnities provided by each of the Seller and the Buyer to the other’s directors, officers and employees are enforceable, it is agreed by the Parties that each of the Seller and Buyer is acting as agent for its respective directors, officers and employees with respect to the indemnities intended to be given to those directors, officers and employees Persons under this Article 7Article. Each of the Seller and the Buyer agrees that it will hold any right to indemnification that any such director, officer or employee of it is intended to have under this Article in trust for that director, officer or employee, Person and that funds received by the Seller or Buyer in respect of any claims under this Article by any such director, officer or employee of it will be held in trust for that director, officer or employeePerson.

Third Party Indemnification. To ensure that the indemnities provided by each of the Seller and the Buyer to the other’s Buyer's directors, officers and employees are enforceable, it is agreed by the Parties that each of the Seller and Buyer is acting as agent for its respective directors, officers and employees with respect to the indemnities intended to be given to those directors, officers and employees under this Article 7. Each of the Seller and the The Buyer agrees that it will hold any right to indemnification that any director, officer or employee of it is intended to have under this Article in trust for that director, officer or employee, and that funds received by the Seller or Buyer in respect of any claims Claims under this Article by any director, officer or employee of it will be held in trust for that director, officer or employee.

Third Party Indemnification. To ensure that the indemnities provided by each of the Seller Sellers and the Buyer to the other’s directors, officers and employees are enforceable, it is agreed by the Parties that each of the Seller Sellers and Buyer is acting as agent for its respective directors, officers and employees with respect to the indemnities intended to be given to those directors, officers and employees under this Article 710. Each of the Seller Buyer and the Buyer Sellers agrees that it will hold any right to indemnification that any director, officer or employee of it is intended to have under this Article in trust for that director, officer or employee, and that funds received by the Seller Sellers or Buyer in respect of any claims under this Article Claims by any director, officer or employee of it will be held in trust for that director, officer or employee.