Examples of Buyer Indemnities in a sentence
Amounts that (i) the Trust and the Buyer agree in writing are due or (ii) upon a final determination by a court of competent jurisdiction or arbitrator that such amounts are due to the Buyer Indemnities under Sections 8(a) , (b) and (c) may be satisfied by set-off by the Buyer Indemnities, at their sole election, against any Royalty Consideration then due or to become due in the future.
Except for the Buyer Indemnities under Article 4, no Person other than the parties hereto will have any rights, remedies, or benefits under any provision of this Agreement.
Except as set forth in Article Ten with respect to the rights of the Buyer Indemnities and the Equity Participant Indemnitees, this Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the Parties to this Agreement and their successors, legal representatives, and assigns.
All Indemnifiable Damages paid by the Company to the Buyer Indemnities hereunder shall, during the Holdback Period, be deducted from the Holdback Amount and shall be treated as adjustment to the Purchase Price for tax purposes.
The better-than-expected fourth quarter revenue was due primarily to strong demand for PC products across many of its OEM customers.