MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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(d) any Excluded Assets;<br />
(e) any obligation to any current or former customer for any product liability<br />
claim made pursuant to any provision expressly contained in any Assumed Contract and that<br />
relates to any product, part or service provided to such customer by Seller or the Bucyrus Entities<br />
or their respective dealers prior to the Initial Closing or the Canada Closing (as applicable), but<br />
only to the extent that the Buyer Indemnified Party establishes that the actions or omissions of<br />
Buyer and its Affiliates and Representatives from and after the Initial Closing or the Canada<br />
Closing (as applicable) did not contribute to or affect such liability;<br />
(f) any obligation to any customer for liquidated damages under the Assumed<br />
Contracts to the extent attributable to the failure of Seller or the Bucyrus Entities to manufacture<br />
and deliver the products and parts required to fulfill such Assumed Contract on or prior to the<br />
applicable due date determined in accordance with such Assumed Contract, except to the extent<br />
that the actions or omissions of Buyer and its Affiliates and Representatives from and after the<br />
Closing contributed to such Liability;<br />
(g) any obligation to any customer for the failure of any part or product<br />
supplied by Seller or the Bucyrus Entities to meet the requirements of any performance guaranty<br />
(excluding, for the avoidance of doubt, any availability guaranty) expressly contained in any<br />
Assumed Contract, but only to the extent that the Buyer Indemnified Party establishes that the<br />
actions or omissions of Buyer and its Affiliates and Representatives from and after the Initial<br />
Closing or the Canada Closing (as applicable) did not contribute to or result in the failure of the<br />
applicable product or part to meet the requirements of such performance guaranty; or<br />
(h) the non-compliance by Seller or the Seller Parties with the provisions of<br />
any bulk transfer or bulk sale laws of any jurisdiction in connection with the transactions<br />
contemplated by this Agreement.<br />
Notwithstanding the foregoing or anything else to the contrary herein or in the Canada Purchase<br />
Agreement, the Buyer Indemnified Parties shall have no right to indemnification under this<br />
Section 9.1 with respect to any Loss to the extent relating to or resulting from the Canada<br />
Business, the Canada Acquired Assets, any breach or default of this Agreement to the extent<br />
relating to the Canada Business or the Canada Acquired Assets, any breach or default of the<br />
Canada Purchase Agreement or any breach of, or inaccuracy in, any representation or warranty<br />
made by Seller in this Agreement or any certificate delivered hereunder (to the extent relating to<br />
the Canada Business or the Canada Acquired Assets) or under the Canada Purchase Agreement,<br />
in each case until after the Canada Closing.<br />
9.2 Buyer’s Indemnification of Seller. From and after the Initial Closing, Buyer shall<br />
indemnify, defend and hold Seller, the Seller Parties and their respective Affiliates (collectively,<br />
the “Seller Indemnified Parties”) harmless from, against and in respect of any Losses actually<br />
incurred or suffered (regardless of when incurred or suffered), to the extent resulting from:<br />
(a) any breach of, or inaccuracy in, any representation or warranty made by<br />
Buyer in this Agreement on and as of the date of this Agreement and on and as of the Initial<br />
Closing Date or on and as of the Canada Closing Date, as if made anew as of the Initial Closing<br />
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