Common use of Indemnification of Escrow Agent Clause in Contracts

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 4 contracts

Samples: Escrow Agreement (Moody National REIT II, Inc.), Escrow Agreement (Moody National REIT II, Inc.), Escrow Agreement (Moody National REIT II, Inc.)

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Indemnification of Escrow Agent. The Company and the Dealer Manager hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, against any and all losslosses, liabilityliabilities, costcosts, damage damages and expenseexpenses, including, without limitation, reasonable counsel attorneys’ fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 12 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 4 contracts

Samples: Subscription Escrow Agreement (Lightstone Real Estate Income Trust Inc.), Subscription Escrow Agreement (Lightstone Real Estate Income Trust Inc.), Subscription Escrow Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, against any and all losslosses, liabilityliabilities, costcosts, damage damages and expenseexpenses, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 3 contracts

Samples: Subscription Escrow Agreement (United Realty Trust Inc), Subscription Escrow Agreement (United Realty Trust Inc), Subscription Escrow Agreement (United Realty Trust Inc)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby severally but not jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence negligence, recklessness or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 3 contracts

Samples: Escrow Agreement (Blackstone Real Estate Income Trust, Inc.), Escrow Agreement (Blackstone Real Estate Income Trust, Inc.), Escrow Agreement (Blackstone Real Estate Income Trust, Inc.)

Indemnification of Escrow Agent. The Company and the Dealer Manager Managers hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, any and all losslosses, liabilityliabilities, costcosts, damage damages and expenseexpenses, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 3 contracts

Samples: Subscription Escrow Agreement (American Realty Capital Properties, Inc.), Subscription Escrow Agreement (Bluerock Residential Growth REIT, Inc.), Subscription Escrow Agreement (American Realty Capital Properties, Inc.)

Indemnification of Escrow Agent. The Company Fund and the Dealer Intermediary Manager hereby severally but not jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence negligence, recklessness or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Apollo Debt Solutions BDC), Escrow Agreement (Apollo Debt Solutions BDC)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 12 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Steadfast Apartment REIT III, Inc.), Escrow Agreement (Steadfast Apartment REIT III, Inc.)

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Indemnification of Escrow Agent. The Company Issuer and the Dealer Manager hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, any and all losslosses, liabilityliabilities and damages, cost, damage reasonable costs and expenseexpenses, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 1 contract

Samples: Subscription Escrow Agreement (Prospect Capital Corp)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, expense including, without limitation, reasonable documented counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless except to the extent such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (CIM Commercial Trust Corp)

Indemnification of Escrow Agent. The Company and the Dealer Manager Affiliated Selling Agent hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (MVP REIT II, Inc.)

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