Examples of Losses and Expenses in a sentence
The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all Losses and Expenses payable as a result of such Proceeding in accordance with the Company’s written policies and procedures.
If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee to the maximum extent permitted by law, against all Losses and Expenses actually and reasonably incurred by or for him or her in connection with each successfully resolved claim, issue or matter.
To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified to the maximum extent permitted by law, against any and all Losses and Expenses actually incurred by or for him or her in connection therewith.
The Equity Holders hereby severally and not jointly agree: (a) to indemnify and hold the Equity Holders’ Representative harmless from any and all Losses and Expenses, and (b) that the Equity Holders’ Representative shall not have any liability to the Equity Holders for any act or omission hereunder, except for gross negligence or willful misconduct.
Each Party shall take, and shall cause all Buyer Group Members or Equity Holder Group Members, as applicable, to take, all Commercially Reasonable Efforts (determined without regard to any indemnification rights of such Person hereunder) to mitigate all Losses and Expenses that are indemnifiable or recoverable hereunder or in connection herewith.