Common use of Indemnification by the Shareholders Clause in Contracts

Indemnification by the Shareholders. Subject to the limitations of Section 6.5 and the provisions of Section 3.8, the Shareholders, solidarily, jointly and severally, hereby agree to indemnify and hold harmless Buyer and its affiliates including the Buyer and its officers and directors, in respect of any losses, claims, damages, liabilities or related expenses (including, but not limited to, all litigation costs but net of all available proceeds of insurance) (collectively, “Losses”) which Buyer (but without duplication) incurs as a result of the breach of:

Appears in 2 contracts

Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp), Stock Purchase and Sale Agreement (Omni Energy Services Corp)

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Indemnification by the Shareholders. Subject to the limitations of Section 6.5 and the provisions of Section 3.8, the Shareholders, solidarily, jointly and severally, hereby agree to indemnify and hold harmless Buyer and its affiliates including the Buyer and its officers and directors, in respect of any losses, claims, damages, liabilities or related expenses (including, but not limited to, all litigation costs but net of all available proceeds of insurance) (collectively, "Losses") which Buyer (but without duplication) incurs as a result of the breach of:

Appears in 2 contracts

Samples: Employee Shareholders Stock Purchase and Sale Agreement (Omni Energy Services Corp), Non Employee Shareholders Stock Purchase and Sale Agreement (Omni Energy Services Corp)

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Indemnification by the Shareholders. Subject to the limitations of Section 6.5 and the provisions of Section 3.8, the Shareholders, solidarily, jointly and severally, hereby agree to indemnify and hold harmless Buyer and its affiliates including the Buyer and its officers and directors, in respect of any losses, claims, damages, liabilities or related expenses (including, but not limited to, all litigation costs and attorney’s fees but net of all available proceeds of insurance) (collectively, “Losses”) which Buyer (but without duplication) incurs as a result of the breach of:

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp)

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