Examples of Buyer Indemnified Parties in a sentence
The value of Shares held by the Escrow Agent (the “Escrow Fund”) shall be available to compensate Buyer, Teal, Parent and the Buyer Indemnified Parties solely pursuant to the indemnification obligations of Section 6.1 pursuant to the terms and conditions of the Escrow Agreement.
This Agreement (other than Section 8.2 with respect to Buyer Indemnified Parties) shall not confer any rights or remedies upon any Person other than the parties hereto and their respective successors and permitted assigns.
If any Proceedings shall be instituted or asserted by any third party in respect of which one of the Buyer Indemnified Parties may be entitled to indemnity hereunder, one or more of the Buyer Indemnified Parties will give the Seller Parties (the “Indemnifying Parties”) written notice thereof and copies of any documents in its possession that relate to such third-party Proceeding.
A delay in giving notice to the Indemnifying Parties shall only relieve the Indemnifying Parties of Liability to the extent the Indemnifying Parties suffer actual prejudice because of the delay by the Buyer Indemnified Parties.