Common use of Indemnification by Holder Clause in Contracts

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 4 contracts

Sources: Stock and Warrant Purchase Agreement (Cardima Inc), Unit Purchase Agreement (Sicor Inc), Unit Purchase Agreement (Gensia Sicor Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three seven business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holderoccurred, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim; provided, however, that no Holder shall be required to pay an indemnity in any amount in excess of the net amount received by the Holder from the sale of the Registrable Securities to which such indemnity relates; provided further, that the indemnity contained in this subsection shall not apply to amounts paid in settlement of any such loss, claim, damages or liability if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld).

Appears in 3 contracts

Sources: Common Stock Purchase Agreement (Insite Vision Inc), Stock and Warrant Purchase Agreement (Insite Vision Inc), Common Stock Purchase Agreement (Insite Vision Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 2 contracts

Sources: Stock and Warrant Purchase Agreement (Cardima Inc), Stock and Warrant Purchase Agreement (Cardima Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for (i) any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 2 contracts

Sources: Unit Purchase Agreement (Nexmed Inc), Unit Purchase Agreement (Nexmed Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for (i) any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim. No Holder shall be required to indemnify the Company in an amount in excess of the net amount received by the Holder from the sale of the Registrable Securities to which such indemnity relates.

Appears in 1 contract

Sources: Purchase Agreement (Nexmed Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim. Notwithstanding anything to the contrary herein, no Holder shall be liable under this Section 7.4.2 in excess of the net proceeds to such Holder as the result of the sale of Registrable Securities pursuant to a Registration Statement.

Appears in 1 contract

Sources: Stock and Warrant Purchase Agreement (Cardima Inc)

Indemnification by Holder. Each Holder, severally and but not ------------------------- jointly, agrees to shall indemnify and hold harmless the Company from and against against, and shall reimburse the Company, any underwriter for the Company and any person who controls the Company or any such underwriter with respect to, any and all losses, claimsdamages, damages liabilities, costs or liabilities (or actions or proceedings in respect thereof) expenses to which the Company may become subject (under the Securities Act or otherwise) , insofar as such losses, claimsdamages, damages liabilities, costs or liabilities (expenses are caused by any untrue statement or actions alleged untrue statement of any fact contained in any registration statement filed pursuant to the provisions of this Agreement, any prospectus contained therein, or proceedings in respect thereof) any amendment or supplement thereto, or arise out of, of or are based upon any claim by the omission or alleged omission to state therein a third party asserting (i) an material fact required to be stated therein, in light of the circumstances in which they were made, not misleading; in each case to the extent, but only to the extent, that such untrue statement statement, or alleged untrue statement, or omission, or alleged omission, was so made in such Registration Statement in reliance upon and in strict conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in the preparation of the Registration Statement, thereof; provided, however, that no Holder -------- ------- the indemnity contained in this Section 5.2 shall be liable not apply to amounts paid in settlement of any such case for any untrue statement included in any Prospectus which statement has been correctedlosses, in writingdamages, by liabilities, costs or expenses if such Holder and delivered to settlement is effected without the Company at least three business days before the sale from which consent of such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 1 contract

Sources: Registration Rights Agreement (SJW Corp)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company Purchaser from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company Purchaser may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company Purchaser by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company Purchaser at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company Purchaser for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 1 contract

Sources: Stock Purchase Agreement (Sicor Inc)

Indemnification by Holder. Each Holder, severally and not ------------------------- jointly, agrees to indemnify and hold harmless the Company from and against any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) to which the Company may become subject (under the Securities Act or otherwise) insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of, or are based upon any claim by a third party asserting (i) an untrue statement made in such Registration Statement in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder specifically for use in preparation of the Registration Statement, provided, however, that no Holder -------- ------- shall be liable in any such case for any untrue statement included in any Prospectus prospectus which statement has been corrected, in writing, by such Holder and delivered to the Company at least three business days before the sale from which such loss occurred or (ii) any untrue statement in any prospectus that is corrected in any subsequent prospectus that was delivered to the Holder prior to the pertinent sale or sales by the Holder, and each Holder, severally and not jointly, will, as incurred, reimburse the Company for any legal or other expenses reasonably incurred in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 1 contract

Sources: Subscription Agreement (Cardima Inc)