Common use of Indemnification by Shareholder Clause in Contracts

Indemnification by Shareholder. Shareholder hereby indemnifies and holds harmless the Corporation, the Corporation's Designated Engineer and employees, the Managing Agent, and other shareholders and residents of the Building against any damages suffered to persons or property as a result of the Work. Shareholder shall reimburse the Corporation, the Corporation's Designated Engineer, Managing Agent, and other shareholders and residents of the Building for any losses, costs, fines, fees and expenses (including, without limitation, reasonable attorney's fees and disbursements) incurred as a result of the Work and/or the Shareholder's or any contractor's or consultant's failure to conform with this Agreement or any law or ordinance and which may be incurred by the Corporation in the defense of any suit, action, claim or violation in connection with the Work or the abatement thereof.

Appears in 4 contracts

Samples: Towers Corporation Alteration Agreement, Alteration Agreement, Alteration Agreement

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Indemnification by Shareholder. Shareholder hereby indemnifies and holds harmless the Corporationcorporation, the Corporation's Designated ’s Designates Engineer and employees, the Managing Agent, and other shareholders and residents of the Building against any damages suffered to persons or property as a result of the Work. Shareholder shall reimburse the Corporation, the Corporation's ’s Designated Engineer, Managing Agent, and the other shareholders and residents of the Building for any losses, costs, fines, fees fees, and expenses (including, without limitation, reasonable attorney's ’s fees and disbursements) incurred as a result results of the Work and/or the Shareholder's ’s or any contractor's ’s or consultant's ’s failure to conform confirm with this Agreement or any law or ordinance and which may be incurred by the Corporation in the defense of any suit, action, claim or violation in connection with the Work work or the abatement thereof.

Appears in 3 contracts

Samples: Alteration Agreement, Alteration Agreement, Alteration Agreement

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