Purchaser's Right to Indemnification. Subject to the provisions of this Section 7 and in addition to any other rights and remedies available to each Purchaser under applicable law, the Company hereby covenants and agrees to indemnify each Purchaser and its respective Affiliates, employees, agents and representatives, and all successors, permitted assigns and fiduciaries thereof (the "Purchaser Indemnified Parties"), and to save and hold each Purchaser Indemnified Party harmless from and against, any and all liabilities, claims, causes of action, assessments, losses, costs, damages or expenses (whether or not arising out of third party claims), including, without limitation, interest, penalties, reasonable attorneys' fees and all amounts paid in investigation, defense or settlement of any of the foregoing (collectively, "Losses") that any Purchaser Indemnified Party may suffer, sustain or become subject to, resulting from, arising out of or relating to: (i) breach of any representation or warranty made by or on behalf of the Company in any Transaction Document to which the Company is a party; or (ii) any nonfulfillment or breach of any covenant or agreement to be fulfilled by the Company under any Transaction Document to which the Company is a party.
Appears in 2 contracts
Sources: Preferred Stock Purchase Agreement (Successories Inc), Preferred Stock Purchase Agreement (Successories Inc)