Common use of Obligations of the Shareholders Clause in Contracts

Obligations of the Shareholders. Each Shareholder agrees to indemnify and hold harmless the Purchaser from and against any and all Losses of the Purchaser based upon or arising from any inaccuracy in or breach or nonperformance of any of the representations, warranties, or covenants made by such Shareholder in this Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Communication Telesystems International), Stock Purchase Agreement (Communication Telesystems International)