Common use of IMMEDIATE COMPLIANCE Clause in Contracts

IMMEDIATE COMPLIANCE. Sellers agree that in the event any of Sellers’ Representations result to be inaccurate or false, Sellers, jointly and separately, shall pay Buyers all damages, losses, fines, suits and/or claims made or imposed by any authority and/or third parties against Dermedics and/or Buyers and/or its successors and assignees resulting from such falseness or inaccuracy of Sellers’ Representations, without demand or notice different from those set forth herein below. Any payments which need to be made pursuant to the foregoing shall be made to the benefit of Buyers or their successors or assignees in immediately available funds.