Buyer's Indemnitee definition

Buyer's Indemnitee has the meaning set forth in Section 8.1(b).

Buyer's Indemnitee means any of Buyer, its Affiliates, and its and their Representatives, as applicable, entitled to indemnification under this Agreement.

Buyer's Indemnitee has the meaning set forth in Section 9.2 of this Agreement.

Examples of Buyer's Indemnitee in a sentence

• If a Buyer's Indemnitee is entitled to indemnification as provided in Sections 13.2, 13.3, and 13.4, Buyer shall have the right to set-off the entire amount thereof against the amounts, if any, that Buyer may owe Sellers, provided, it shall be a condition to the exercise of the right of set-off that Buyer gives Sellers notice specifying in reasonable detail the basis for such set-off.

• In the event a Buyers Indemnitee or a Seller Indemnitee (as the case may be, an “Indemnitee”) intends to claim indemnification for a Loss under the terms hereof that does not involve a Third Party Claim (“Direct Claim”), such Indemnitee shall give written notice to the Party responsible for such indemnification pursuant to Sections 10.1 and 10.2, as applicable (the “Indemnitor”) informing the Loss suffered and specifying in detail its cause and amount involved (“Direct Claim Notice”).

• No Claim or Third Party Claim may be asserted by a Buyer's Indemnitee under this Section 6, other than Losses arising with respect to the Assumed Liabilities, following August 31, 2000.

• If any Buyers Indemnitee or Seller Indemnitee (an "Indemnified Party") believes that it has suffered or incurred or will suffer or incur any Damages for which it is entitled to indemnification under this Article VII, such Indemnified Party shall so notify the party or parties from whom indemnification is being claimed (the "Indemnifying Party") with reasonable promptness and reasonable particularity in light of the circumstances then existing.

• If a Buyer's Indemnitee is entitled to indemnification as provided in Sections 14.2, 14.3, and 14.4, Buyer shall have the right to set-off the entire amount thereof against the amounts, if any, that Buyer may owe Sellers, provided, it shall be a condition to the exercise of the right of set-off that Buyer gives Sellers notice specifying in reasonable detail the basis for such set-off.

• Buyer shall indemnify Seller and its affiliates, together with their respective officers, directors and employees (each a "Buyer's Indemnitee") against Losses as set forth in this Section 6.

• If a Buyer's Indemnitee is entitled to indemnification as provided in Section 11.2, Buyer shall have the right to set-off the entire amount thereof against the amounts, if any, that Buyer may owe Seller, provided, it shall be a condition to the exercise of the right of set- off that Buyer gives Seller notice specifying in reasonable detail the basis for such set-off.

More Definitions of Buyer's Indemnitee

Buyer's Indemnitee means the Buyer, the Buyer’s Guarantor, its Affiliates, and its and their Agents, from the Closing Date, all these Person, as well as STP, the Subsidiaries and their Agents, as applicable.

Buyer's Indemnitee shall have the meaning provided in Section 9.1(a);

Buyer's Indemnitee means GN Nettest, each Buyer, any of their respective Affiliates and, effective upon the Closing, without duplication, the Companies and the Subsidiaries.

Buyer's Indemnitee shall have the meaning given to such term in Section 6.1 of this Purchase and Sale Agreement.