This excerpt taken from the EBIX 8-K filed Jul 16, 2008.
ARTICLE IX
INDEMNIFICATION
Section 9.1 Indemnification of Investor. The Company shall indemnify, defend and hold
harmless the Investor and its respective subsidiaries, officers, directors and
owners from and against and in respect of any and all demands, claims, actions
or causes of action, assessments, losses, damages, liabilities, interest and
penalties, costs and expenses (including, without limitation, reasonable legal
fees and disbursements incurred in connection therewith and in seeking
indemnification therefor, and any amounts or expenses required to be paid or
incurred in connection with any action, suit, proceeding, claim, appeal,
demand, assessment or judgment) (Indemnifiable Losses), resulting
from, arising out of, or imposed upon or incurred by any person to be
indemnified hereunder (i) by reason of any breach of any representation,
warranty, covenant or agreement of the Company contained in this Agreement or
any agreement,
30
certificate
contemplated by this Agreement or any agreement, certificate, or document
executed and delivered by the Company pursuant hereto or in connection with any
of the transactions contemplated by this Agreement or (ii) any
Indemnifiable Losses arises under the Securities Act, the Exchange Act, or any
other federal or state statutory law or regulation, or at common law or
otherwise (including in settlement of any litigation, if such settlement is
effected with the written consent of the Company), insofar as such losses,
claims, damages, liabilities or expenses (or actions in respect thereof as
contemplated below) arise out of or are based upon any untrue statement or
alleged untrue statement of any material fact contained or incorporated by
reference in the Registration Statement, including financial statements and
schedules, and all other documents filed as a part thereof, including any
information deemed to be a part thereof as of the time of effectiveness
pursuant to paragraph (b) of Rule 430A, or pursuant to Rule 434,
under the Securities Act, or in the prospectus related thereto, in the form
first filed with the SEC pursuant to Rule 424(b) under the Securities
Act or filed as part of the Registration Statement at the time of effectiveness
if no Rule 424(b) filing is required (the Prospectus) or any
amendment or supplement to the Registration Statement or Prospectus, or arise
out of or are based upon the omission or alleged omission to state in any of
them a material fact required to be stated therein or necessary to make the
statements in any of them, in light of the circumstances under which they were
made, not misleading, and will reimburse the Investor for reasonable legal and
other expenses as such expenses are incurred by the Investor or controlling
person in connection with investigating, defending, settling, compromising or
paying any such loss, claim, damage, liability, expense or action; provided, however, that the Company will
not be liable in any such case to the Investor to the extent that any such
loss, claim, damage, liability or expense arises out of or is based upon (i) an
untrue statement or alleged untrue statement or omission or alleged omission
made in the Registration Statement, the Prospectus or any amendment or
supplement thereto in reliance upon and in conformity with written information
furnished to the Company by or on behalf of the Investor expressly for use in
the Registration Statement, the Prospectus or any amendment or supplement
thereto, or (ii) the failure of the applicable Investor to comply with the
covenants and agreements contained in Section 5.2 of this Agreement
regarding the resale of the Shares, or (iii) the inaccuracy of any
representations and warranties made by the Investor in this Agreement or (iv) any
untrue statement or omission of a material fact required to make such statement
not misleading in any Prospectus that is corrected in any subsequent Prospectus
or supplement thereto that was delivered to the Investor a reasonable amount of
time before the pertinent sale or sales by the Investor or (v) a direct
claim against the Company by such Investor if such Investor is a person that is
under common control with any Investor (as opposed to a third-party claim
against such Investor).
Section 9.2 Indemnification of the Company. The Investor shall indemnify, defend and hold
harmless the Company and each of its subsidiaries, officers, directors and
stockholders from and against and in respect of any and all Indemnifiable
Losses resulting from, arising out of, or imposed upon or incurred by any
person to be indemnified hereunder by reason of (i) any breach of any
representation, warranty, covenant or agreement by the Investor contained in
this Agreement or any agreement, certificate or document executed and delivered
by the Investor pursuant hereto or in connection with any of the transactions
contemplated by this Agreement, (ii) any failure on the part of such
Investor to comply with the covenants and agreements contained in Section 5.2
of this Agreement regarding the resale of the Shares or (iii) any untrue
or alleged untrue statement of any material fact contained in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, or arise out
of or are based upon the
31
omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, in reliance
upon and in conformity with written information furnished to the Company by or
on behalf of such Investor expressly for use therein and such Investor will
reimburse the Company, each of its directors, each of its officers who signed
the Registration Statement and each controlling person for reasonable legal and
other expenses as such expenses are incurred by the Company, each of its
directors, each of its officers who signed the Registration Statement and each
controlling person in connection with investigating, defending, settling,
compromising or paying any such loss, claim, damage, liability, expense or
action; provided, however, that
the Investor shall not be liable for any such untrue or alleged untrue
statement or omission or alleged omission of which the Investor has delivered
to the Company in writing a correction of such untrue statement or omission of
a material fact a reasonable amount of time before the occurrence of the
transaction from or upon which such loss, claim, damage, liability or expense
arose or was based.
Section 9.3 Third-Party Claims. If a claim by a third party is made against
an indemnified party and if the indemnified party intends to seek indemnity
with respect thereto under this Article 9, such indemnified party shall
promptly notify the indemnifying party of such claim; provided, however,
that failure to give timely notice shall not affect the rights of the
indemnified party so long as the failure to give timely notice does not
adversely affect the indemnifying partys ability to defend such claim against
a third party. The indemnified party
shall not settle such claim without the consent of the indemnifying party,
which consent shall not be unreasonably withheld or delayed. If the indemnifying party acknowledges in
writing its indemnity obligations for Indemnifiable Losses resulting therefrom,
the indemnifying party may participate at its own cost and expense in the
settlement or defense of any claim for which indemnification is sought.
Section 9.4 Cooperation as to Indemnified Liability. Each party hereto shall cooperate fully with
the other parties with respect to access to books, records, or other
documentation within such partys control, if deemed reasonably necessary or
appropriate by any party in the defense of any claim which may give rise to
indemnification hereunder.
These excerpts taken from the EBIX 8-K filed Apr 14, 2008.
7.3.1 Indemnification
by the Company
Subject to Section 7.3.5,
the Company agrees to indemnify and hold harmless the Purchaser, the
Purchasers officers, directors, trustees, partners, members, employees and
agents, and each person, if any, who controls or is under common control with
the Purchaser within the meaning of the Securities Act (each, a Purchaser
Indemnitee), against any losses, claims, damages, liabilities or expenses,
joint or several, to which such Purchaser Indemnitees may become subject, under
the Securities Act, the Exchange Act, or any other federal or state statutory
law or regulation, or at common law or otherwise (including in settlement of
any litigation, if such settlement is effected with the written consent of the
Company), insofar as such
losses, claims, damages, liabilities or expenses (or actions in respect thereof
as contemplated below) arise out of or are based upon any untrue statement or
alleged untrue statement of any material fact contained or incorporated by
reference in the Registration Statement, including financial statements and
schedules, and all other documents filed as a part thereof, including any
information deemed to be a part thereof as of the time of effectiveness
pursuant to paragraph (b) of Rule 430A, or pursuant to Rule 434,
under the Securities Act, or in the prospectus related thereto, in the form
first filed with the Commission pursuant to Rule 424(b) under the
Securities Act or filed as part of the Registration Statement at the time of
effectiveness if no Rule 424(b) filing is required (the
Prospectus), or any amendment or supplement to the Registration Statement or
Prospectus, or arise out of or are based upon the omission or alleged omission
to state in any of them a material fact required to be stated therein or
10
necessary to make the
statements in any of them, in light of the circumstances under which they were
made, not misleading, and will reimburse the Purchaser Indemnitee for
reasonable legal and other expenses as such expenses are incurred by such
Purchaser Indemnitee or controlling person in connection with investigating,
defending, settling, compromising or paying any such loss, claim, damage,
liability, expense or action; provided,
however, that the
Company will not be liable in any such case to a Purchaser Indemnitee to the
extent that any such loss, claim, damage, liability or expense arises out of or
is based upon (1) an untrue statement or alleged untrue statement or
omission or alleged omission made in the Registration Statement, the Prospectus
or any amendment or supplement thereto in reliance upon and in conformity with
written information furnished to the Company by or on behalf of a Purchaser
expressly for use in the Registration Statement, the Prospectus or any
amendment or supplement thereto, or (ii) the failure of the applicable
Purchaser to comply with the covenants and agreements contained in Section 5.2
or 7.2 of this Agreement regarding the resale of the Shares, or (iii) the
inaccuracy of any representations and warranties made by the Purchaser in this
Agreement or (iv) any untrue statement or omission of a material fact
required to make such statement not misleading in any Prospectus that is
corrected in any subsequent Prospectus or supplement thereto that was delivered
to the applicable Purchaser a reasonable amount of time before the pertinent
sale or sales by such Purchaser or (v) a direct claim against the Company
by such Purchaser Indemnitee if such Purchaser Indemnitee is a person that is
under common control with any Purchaser (as opposed to a third-party claim
against such Purchaser Indemnitee).
Indemnification by the Company. Subject to Section 7.4.5, the Company
agrees to indemnify and hold harmless the Purchaser, the Purchasers officers,
directors, trustees, partners, members, employees and agents, and each person,
if any, who controls or is under common control with the Purchaser within the
meaning of the Securities Act (each, a Purchaser Indemnitee), against any
losses, claims, damages, liabilities or expenses, joint or several, to which
such Purchaser Indemnitees may become subject, under the Securities Act, the
Exchange Act, or any other federal or state statutory law or regulation, or at
common law or otherwise (including in settlement of any litigation, if such
settlement is effected with the written consent of the Company), insofar as
such losses, claims, damages, liabilities or expenses (or actions in respect
thereof as contemplated below) arise out of or are based upon any untrue statement
or alleged untrue statement of any material fact contained or incorporated by
reference in the Registration Statement, including financial statements and
schedules, and all other documents filed as a part thereof, including any
information deemed to be a part thereof as of the time of effectiveness
pursuant to paragraph (b) of Rule 430A, or pursuant to Rule 434,
under the Securities Act, or in the prospectus related thereto, in the form
first filed with the Commission pursuant to Rule 424(b) under the
Securities Act or filed as part of the Registration Statement at the time of
effectiveness if no Rule 424(b) filing is required (the Prospectus),
or any amendment or supplement to the Registration Statement or Prospectus, or
arise out of or are based upon the omission or alleged omission to state in any
of them a material fact required to be stated therein or necessary to make the
statements in any of them, in light of the circumstances under which they were
made, not misleading, and will reimburse the Purchaser Indemnitee for
reasonable legal and other expenses as such expenses are incurred by such
Purchaser Indemnitee or controlling person in connection with investigating,
defending, settling, compromising or paying any such loss, claim, damage, liability,
expense or action; provided, however, that the Company will not be liable in
any such case to a Purchaser Indemnitee to the extent that any such loss,
claim, damage, liability or expense arises out of or is based upon (i) an
untrue statement or alleged untrue statement or omission or alleged omission
made in the Registration Statement, the Prospectus or any amendment or
supplement thereto in reliance upon and in conformity with written information
furnished to the Company by or
16
on behalf of a Purchaser expressly for use in
the Registration Statement, the Prospectus or any amendment or supplement
thereto, or (ii) the failure of the applicable Purchaser to comply with the
covenants and agreements contained in Section 5.2 or 7.2 of this Agreement
regarding the resale of the Shares, or (iii) the inaccuracy of any
representations and warranties made by the Purchaser in this Agreement or (iv) any
untrue statement or omission of a material fact required to make such statement
not misleading in any Prospectus that is corrected in any subsequent Prospectus
or supplement thereto that was delivered to the applicable Purchaser a
reasonable amount of time before the pertinent sale or sales by such Purchaser
or (v) a direct claim against the Company by such Purchaser Indemnitee if
such Purchaser Indemnitee is a person that is under common control with any
Purchaser (as opposed to a third-party claim against such Purchaser
Indemnitee).
7.4.2
This excerpt taken from the EBIX 8-K filed Dec 26, 2007.
ARTICLE IX
INDEMNIFICATION
Section 9.1 Indemnification of Investor. The Company shall indemnify, defend and hold
harmless the Investor and its respective subsidiaries, officers, directors and
owners from and against and in respect of any and all demands, claims, actions
or causes of action, assessments, losses, damages, liabilities, interest and
penalties, costs and expenses (including, without
31
limitation,
reasonable legal fees and disbursements incurred in connection therewith and in
seeking indemnification therefor, and any amounts or expenses required to be
paid or incurred in connection with any action, suit, proceeding, claim,
appeal, demand, assessment or judgment) (Indemnifiable Losses),
resulting from, arising out of, or imposed upon or incurred by any person to be
indemnified hereunder (i) by reason of any breach of any representation,
warranty, covenant or agreement of the Company contained in this Agreement or
any agreement, certificate contemplated by this Agreement or any agreement,
certificate, or document executed and delivered by the Company pursuant hereto
or in connection with any of the transactions contemplated by this Agreement or
(ii) any Indemnifiable Losses arises under the Securities Act, the
Exchange Act, or any other federal or state statutory law or regulation, or at
common law or otherwise (including in settlement of any litigation, if such
settlement is effected with the written consent of the Company), insofar as
such losses, claims, damages, liabilities or expenses (or actions in respect
thereof as contemplated below) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact contained or
incorporated by reference in the Registration Statement, including financial
statements and schedules, and all other documents filed as a part thereof,
including any information deemed to be a part thereof as of the time of
effectiveness pursuant to paragraph (b) of Rule 430A, or pursuant to Rule 434,
under the Securities Act, or in the prospectus related thereto, in the form
first filed with the SEC pursuant to Rule 424(b) under the Securities
Act or filed as part of the Registration Statement at the time of effectiveness
if no Rule 424(b) filing is required (the Prospectus) or any
amendment or supplement to the Registration Statement or Prospectus, or arise
out of or are based upon the omission or alleged omission to state in any of
them a material fact required to be stated therein or necessary to make the
statements in any of them, in light of the circumstances under which they were
made, not misleading, and will reimburse the Investor for reasonable legal and
other expenses as such expenses are incurred by the Investor or controlling
person in connection with investigating, defending, settling, compromising or
paying any such loss, claim, damage, liability, expense or action; provided, however, that the Company will
not be liable in any such case to the Investor to the extent that any such
loss, claim, damage, liability or expense arises out of or is based upon (i) an
untrue statement or alleged untrue statement or omission or alleged omission
made in the Registration Statement, the Prospectus or any amendment or
supplement thereto in reliance upon and in conformity with written information
furnished to the Company by or on behalf of the Investor expressly for use in
the Registration Statement, the Prospectus or any amendment or supplement
thereto, or (ii) the failure of the applicable Investor to comply with the
covenants and agreements contained in Section 5.2 of this Agreement
regarding the resale of the Shares, or (iii) the inaccuracy of any
representations and warranties made by the Investor in this Agreement or (iv) any
untrue statement or omission of a material fact required to make such statement
not misleading in any Prospectus that is corrected in any subsequent Prospectus
or supplement thereto that was delivered to the Investor a reasonable amount of
time before the pertinent sale or sales by the Investor or (v) a direct
claim against the Company by such Investor if such Investor is a person that is
under common control with any Investor (as opposed to a third-party claim
against such Investor).
Section 9.2 Indemnification of the Company. The Investor shall indemnify, defend and hold
harmless the Company and each of its subsidiaries, officers, directors and
stockholders from and against and in respect of any and all Indemnifiable
Losses resulting from, arising out of, or
32
imposed upon or
incurred by any person to be indemnified hereunder by reason of (i) any
breach of any representation, warranty, covenant or agreement by the Investor
contained in this Agreement or any agreement, certificate or document executed
and delivered by the Investor pursuant hereto or in connection with any of the
transactions contemplated by this Agreement, (ii) any failure on the part
of such Investor to comply with the covenants and agreements contained in Section 5.2
of this Agreement regarding the resale of the Shares or (iii) any untrue
or alleged untrue statement of any material fact contained in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, or arise out
of or are based upon the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading, in each case to the extent, but only to the extent, that such
untrue statement or alleged untrue statement or omission or alleged omission
was made in the Registration Statement, the Prospectus, or any amendment or
supplement thereto, in reliance upon and in conformity with written information
furnished to the Company by or on behalf of such Investor expressly for use
therein and such Investor will reimburse the Company, each of its directors,
each of its officers who signed the Registration Statement and each controlling
person for reasonable legal and other expenses as such expenses are incurred by
the Company, each of its directors, each of its officers who signed the
Registration Statement and each controlling person in connection with
investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action; provided,
however, that the Investor shall not be liable for any such untrue
or alleged untrue statement or omission or alleged omission of which the
Investor has delivered to the Company in writing a correction of such untrue
statement or omission of a material fact a reasonable amount of time before the
occurrence of the transaction from or upon which such loss, claim, damage,
liability or expense arose or was based.
Section 9.3 Third-Party Claims. If a claim by a third party is made against
an indemnified party and if the indemnified party intends to seek indemnity
with respect thereto under this Article 9, such indemnified party shall
promptly notify the indemnifying party of such claim; provided, however,
that failure to give timely notice shall not affect the rights of the
indemnified party so long as the failure to give timely notice does not
adversely affect the indemnifying partys ability to defend such claim against
a third party. The indemnified party
shall not settle such claim without the consent of the indemnifying party,
which consent shall not be unreasonably withheld or delayed. If the indemnifying party acknowledges in
writing its indemnity obligations for Indemnifiable Losses resulting therefrom,
the indemnifying party may participate at its own cost and expense in the
settlement or defense of any claim for which indemnification is sought.
Section 9.4 Cooperation as to Indemnified Liability. Each party hereto shall cooperate fully with
the other parties with respect to access to books, records, or other
documentation within such partys control, if deemed reasonably necessary or
appropriate by any party in the defense of any claim which may give rise to
indemnification hereunder.
33
This excerpt taken from the EBIX 8-K filed Jun 6, 2007.
7.3.1Indemnification by the Company
Subject to Section 7.3.5,
the Company agrees to indemnify and hold harmless the Purchaser, the Purchasers
officers, directors, trustees, partners, members, employees and agents, and
each person, if any, who controls or is under common control with the Purchaser
within the meaning of the Securities Act (each, a Purchaser Indemnitee),
against any losses, claims, damages, liabilities or expenses, joint or several,
to which such Purchaser Indemnitees may become subject, under the Securities
Act, the Exchange Act, or any other federal or state statutory law or
regulation, or at common law or otherwise (including in settlement of any
litigation, if such settlement is effected with the written consent of the
Company), insofar as such losses, claims, damages, liabilities or expenses (or
actions in respect thereof as contemplated below) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained or incorporated by reference in the Registration Statement, including
financial statements and schedules, and all other documents filed as a part
thereof, including any information deemed to be a part thereof as of the time
of effectiveness pursuant to paragraph (b) of Rule 430A, or pursuant to Rule
434, under the Securities Act, or in the prospectus related thereto, in the
form first filed with the Commission pursuant to Rule 424(b) under the
Securities Act or filed as part of the Registration Statement at the time of
effectiveness if no Rule 424(b) filing is required (the Prospectus), or any
amendment or supplement to the
Registration Statement or
Prospectus, or arise out of or are based upon the omission or alleged omission
to state in any of them a material fact required to be stated therein or
necessary to make the statements in any of them, in light of the circumstances
under which they were made, not misleading, and will reimburse the Purchaser
Indemnitee for reasonable legal and other expenses as such expenses are
incurred by such Purchaser Indemnitee or controlling person in connection with
investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action; provided,
however, that the Company will not be liable in any such case to a
Purchaser Indemnitee to the extent that any such loss, claim, damage, liability
or expense arises out of or is based upon (i) an untrue statement or alleged
untrue statement or omission or alleged omission made in the Registration
Statement, the Prospectus or any amendment or supplement thereto in reliance
upon and in conformity with written information furnished to the Company by or
on behalf of a Purchaser expressly for use in the Registration Statement, the
Prospectus or any amendment or supplement thereto, or (ii) the failure of the
applicable Purchaser to comply with the covenants and agreements contained in
Section 5.2 or 7.2 of this Agreement regarding the resale of the Shares, or
(iii) the inaccuracy of any representations and warranties made by the
Purchaser in this Agreement or (iv) any untrue statement or omission of a material
fact required to make such statement not misleading in any Prospectus that is
corrected in any subsequent Prospectus or supplement thereto that was delivered
to the applicable Purchaser a reasonable amount of time before the pertinent
sale or sales by such Purchaser or (v) a direct claim against the Company by
such Purchaser Indemnitee if such Purchaser Indemnitee is a person that is
under common control with any Purchaser (as opposed to a third-party claim
against such Purchaser Indemnitee).
This excerpt taken from the EBIX 8-K filed Jul 24, 2006.
INDEMNIFICATION
9.1 Indemnification
by Company and Shareholders. Each of
the Company and the Shareholders, on behalf of themselves and their respective
heirs, successors and assigns, hereby agrees, jointly and severally, to
indemnify each of Purchaser and its directors, stockholders, officers,
partners, employees, agents, lenders, representatives, successors and permitted
assigns (the Purchaser Indemnified Parties) and save and hold each of
them harmless from and against and pay on behalf of or reimburse the Purchaser
Indemnified Parties as and when incurred for any and all liabilities, demands,
claims, actions, causes of action, assessments, losses, costs, damages,
deficiencies, fines 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), which any Purchaser
Indemnified Party may suffer, sustain or become subject to, in connection with,
incident to, resulting from or arising out of or in any way relating to or by
virtue of, directly or indirectly:
(a) any
misrepresentation or breach of any representation or warranty made by Company
or the Shareholders in this Agreement, including, without limitation, Article VI hereof (after giving effect to any disclosure
made by Company or the Shareholders in the Disclosure Schedule or in any
amendment to the Disclosure Schedule delivered on or before the Closing), including
the schedules and exhibits, certificates or other instruments or documents
furnished to Purchaser by Company or the Shareholders in connection herewith;
(b) any non-fulfillment
or breach of any covenant or agreement on the part of Company or the Shareholders
under this Agreement or other instruments or documents delivered by Company or
the Shareholders in connection herewith, including, without limitation, the
Transaction Documents;