Common use of Indemnification by Assignee Clause in Contracts

Indemnification by Assignee. Assignee hereby agrees to indemnify and hold Assignor harmless from and against any and all losses, claims, or damages, including costs and reasonable attorney's fees, arising directly or indirectly, out of (i) any default under any of the Contracts arising after the Effective Date, and (ii) the breach of any obligation by Assignee contained herein.

Appears in 1 contract

Samples: General Assignment and Assumption Agreement (Omega Orthodontics Inc)

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Indemnification by Assignee. Assignee hereby agrees to indemnify and to hold Assignor harmless from and against any and all lossesloss, claimscost, liability, damage or damagesexpense, including costs and including, without limitation, reasonable attorney's attorneys' fees, originating or relating to the period following the Effective Date and arising directly or indirectly, out of (i) any default under or with respect to the failure of Assignee to perform any of the Contracts arising obligations of the landlord under the Leases accruing on and after the Effective Date, and (ii) the breach of any obligation by Assignee contained herein.

Appears in 1 contract

Samples: Real Property Purchase Agreement and Escrow Instructions (IMH Financial Corp)

Indemnification by Assignee. Assignee hereby agrees to indemnify and hold Assignor harmless from and against any and all losses, claims, demands, suits and payments of any cost or damagesexpense, including costs and reasonable attorney's attorneys' fees, arising directly that Assignor shall suffer or indirectlyincur as a result of Assignee's failure to perform under the Purchase Agreement, out of (i) any default under any of the HUD Commitment or Assumed Contracts arising from and after the Effective Date, and (ii) the breach of any obligation by Assignee contained hereinTime.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Homes for America Holdings Inc)

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Indemnification by Assignee. Assignee hereby agrees to indemnify and defend Assignor and hold Assignor harmless from and against any and all losses, claims, or demands, liabilities, damages, actions or causes of action, whether in law or in equity, arising out of the tenant’s obligations under the Lease on and after the date hereof, including costs (without limitation) the performance of all obligations required of the tenant thereunder. The foregoing shall include the payment of court costs, expenses, and reasonable attorney's fees, arising directly or indirectly, out of (i) any default under any of attorneys’ fees incurred by the Contracts arising after the Effective Date, and (ii) the breach of any obligation by Assignee contained hereinAssignor.

Appears in 1 contract

Samples: Bank Purchase and Assumption Agreement (Center Bancorp Inc)

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