Shareholder Indemnified Parties definition

Shareholder Indemnified Parties means the Shareholders and their respective heirs, executors, successors and assigns.

Shareholder Indemnified Parties has the meaning set forth in Section 6.1.

Shareholder Indemnified Parties has the meaning set forth in Section 9.3.

Examples of Shareholder Indemnified Parties in a sentence

• Parent shall not be required to indemnify the Shareholder Indemnified Parties for those portions of any Damages (i) that were specifically accrued or deducted in determining any adjustments pursuant to Article III or (ii) to the extent directly resulting from any breach of the Company’s obligations under this Agreement.

• Except in the case of claims of Fraud, Parent shall not have any liability to the Shareholder Indemnified Parties under Section 9.2(a) until the aggregate amount of all Damages exceeds the Deductible, and then only to the extent such Damages exceed the Deductible.

• In connection with an underwritten offering, the Company will indemnify the underwriters thereof to the same extent as provided above with respect to the indemnification of Shareholder Indemnified Parties and use its reasonable best efforts to obtain a reciprocal and mutual indemnity from the underwriters.

• Such indemnity obligation shall remain in full force and effect regardless of any investigation made by or on behalf of the Shareholder Indemnified Parties (except as provided above) and shall survive the transfer of Registrable Securities by such Shareholder.

• Following payment to Shareholders or any of the Shareholder Indemnified Parties of any such Losses, each Purchaser shall have the right of contribution against the other Purchaser to recover any sums paid by a Purchaser in excess of its respective percentage of Shares of the Company owned and held by the Purchaser.

More Definitions of Shareholder Indemnified Parties

Shareholder Indemnified Parties is defined in Section 9.2.

Shareholder Indemnified Parties shall have the meaning assigned in Section 10.1(b);

Shareholder Indemnified Parties shall have the meaning set forth in Section 9.2.

Shareholder Indemnified Parties has the meaning ascribed thereto in Section 13.2.

Shareholder Indemnified Parties has the meaning given in Section 8.08(c) ------------------------------- hereof.

Shareholder Indemnified Parties means and include each Shareholder, each of their respective successors, permitted assigns, heirs and executors.

Shareholder Indemnified Parties means the Shareholder and each of the Kapadias.