Loss of Title. Any failure or loss of title to the Assets, and all costs of defending title thereto, shall be charged to the Company, except that in the event of costs or losses arising out of or resulting from any breach of the representations and warranties of a Member as to title, the breaching Member shall indemnify the non-breaching Member for such costs and losses. Neither Member shall have any obligation to reimburse the Company with respect thereto except as may be otherwise expressly provided in the Agreement.
Appears in 2 contracts
Sources: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)