Examples of Seller Indemnification Obligations in a sentence
If after such thirty (30) day period Seller has not delivered a Claim Response to Purchaser or it has delivered a Claim Response which does not dispute any portion of the claims contained in the Claim Certificate, the Seller Indemnification Obligations in the amount specified in the Claim Certificate shall become final.
In the absence of any objections to such Claim Certificate as provided in Section 11.4(b) by the date set forth in Section 11.4(b), Purchaser shall, subject to the other provisions of this Agreement, be entitled to recover from Seller the amount of such Purchaser Damages in satisfaction of the Seller Indemnification Obligations.
The Seller shall not be liable under the Seller Indemnification Obligations for a Loss if and to the extent that any reserve or provision is provided for with specific regard to the facts, circumstances or matters giving rise to the Loss in (i) the relevant Group Company’s 2022 financial statements, or (ii) the Group’s 2022 consolidated financial statements, within the limit of the amount of such specific reserve or provision.
In the absence of any objections to such Holdback Certificate as provided in Section 12.4(b) by the date set forth in Section 12.4(b), Purchaser shall, subject to the other provisions of this Agreement, be entitled to reduce the Holdback Amount by the amount of such Losses in satisfaction of the Seller Indemnification Obligations.
The following language is added to Paragraph IV.11 CONTRACT-009.1c Patent, Copyright, and Trademark Indemnity (Oct 2013): Exclusions to Seller Indemnification Obligations.
As security for the Seller Indemnification Obligations, at the Closing, Purchaser shall retain from the Purchase Price an amount of cash equal to the Holdback Amount.
In such event, the Original Proxy Form or the Revised Proxy Form (as the case may be) shall be deemed to have been revoked.
On the 12-month anniversary of the Closing Date (or, if such date is not a Business Day, the first Business Day thereafter) (the "Holdback Due Date"), Purchaser shall deliver the Holdback Amount to the Seller; provided, however, that Purchaser may withhold from such delivery (i) any amounts applied in satisfaction of the Seller Indemnification Obligations and (ii) any amounts then in dispute related to Seller Indemnification Obligations.
Each of the Subsidiary Guarantors shall have executed and delivered to the Administrative Agent the Guarantor Consent.
In the event that Purchaser in good faith believes that it has a valid unsatisfied claim under the Seller Indemnification Obligations, Purchaser may, rather than making payment to Seller of amounts due under the Promissory Note, pay such amounts (to the extent of such claim) into an interest bearing escrow account with an independent third party bank (the "Escrow Agent") reasonably satisfactory to Seller.