Vendor Party definition
Examples of Vendor Party in a sentence
With respect to any claim for indemnification brought by a Purchaser Indemnified Party against any Vendor Party relating to the Transaction Documents or the Transactions, the Vendor Parties expressly waive any right of subrogation, advancement, indemnification or other claim against the Target and its Affiliates with respect to any amounts owed by the Vendor Parties pursuant to this Article 8 or otherwise in connection with this Agreement.
No Vendor Party, nor any of their respective Affiliates or Representatives, shall have, or be entitled to exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Target or any of its Affiliates following the Closing in connection with any indemnification obligation or any other Liability to which such Person may become subject under or in connection with the Transaction Documents or the Transactions.
Each Vendor Party hereby agrees that no claim for indemnification (whether such claim is for Losses of any kind or otherwise, and whether such claim is pursuant to any Applicable Law, constating document, Contract or otherwise) will be made by or on behalf of such Vendor Party against the Purchaser, Red Cat or any Affiliate thereof with respect to any claim for indemnification brought by a Purchaser Indemnified Party against any Vendor Party relating to the Transaction Documents or the Transactions.