Common use of Indemnification of Lender Clause in Contracts

Indemnification of Lender. Gxxxxxx agrees to indemnify, to defend and to save and hold Lxxxxx harmless from any and all claims, suits, obligations, damages, losses, costs, expenses (including without limitation, Lxxxxx's reasonable attorneys' fees), demands, liabilities, penalties, fines and forfeitures of any nature whatsoever which may be asserted against or incurred by Lxxxxx, arising out of or in any manner occasioned by this Agreement or the rights and remedies granted to Lender hereunder. The foregoing indemnity provision shall survive the cancellation of this Agreement as to all matters arising or accruing prior to such cancellation, and the foregoing indemnity provision shall further survive in the event that Lender elects to exercise any of the remedies as provided under this Agreement following any Event of Default hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Premier Financial Bancorp Inc), Pledge Agreement (Premier Financial Bancorp Inc)

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Indemnification of Lender. Gxxxxxx Grantor agrees to indemnifyIndemnify, to defend and to save and hold Lxxxxx Lender harmless from any and all claims, suits, obligations, damages, losses, costs, expenses (including without limitation, LxxxxxLender's reasonable attorneys' fees), demands, liabilities, penalties, fines and forfeitures of any nature whatsoever which may be asserted against or incurred Incurred by LxxxxxLender, arising out of or in In any manner occasioned by this Agreement or the rights and remedies granted to Lender hereunder. The foregoing indemnity Indemnity provision shall survive the cancellation of this Agreement as to all matters arising or accruing prior to such cancellation, and the foregoing indemnity Indemnity provision shall further survive in In the event that Lender elects to exercise any of the remedies as provided under this Agreement following any Event of Default hereunder.

Appears in 1 contract

Samples: American Fire Retardant Corp

Indemnification of Lender. Gxxxxxx Grantor agrees to indemnifyindemnity, to defend and to save and hold Lxxxxx harmless from any and all claims, suits, obligations, damages, losses, costs, expenses (including without limitation, Lxxxxx's reasonable attorneys' fees), demands, liabilities, penalties, fines and forfeitures of any nature whatsoever which may be asserted against or incurred by Lxxxxx, arising out of or in any manner occasioned by this Agreement or the rights and remedies granted to Lender hereunder. The foregoing indemnity provision shall survive the cancellation of this Agreement as to all matters arising or accruing prior to such cancellation, and the foregoing indemnity provision shall further survive in the event that Lender elects to exercise any of the remedies as provided under this Agreement following any Event of Default hereunder.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc)

Indemnification of Lender. Gxxxxxx agrees to indemnify, to defend and to save and hold Lxxxxx harmless from any and all claims, suits, obligations, damages, losses, costs, expenses (including without limitation, Lxxxxx's reasonable attorneys' fees), demands, liabilities, penalties, fines and forfeitures of any nature whatsoever which may be asserted against or incurred by Lxxxxx, arising out of or in any manner occasioned by this Agreement or the rights and remedies granted to Lender hereunder. The foregoing indemnity provision shall survive the cancellation of this Agreement as to all matters arising or accruing prior to such cancellation, and the foregoing indemnity provision shall further survive in the event that Lender elects to exercise any of the remedies as provided under this Agreement following any Event of Default hereunder.. (Exhibit 10.3 COMMERCIAL PLEDGE AGREEMENT (Continued) Loan No. 25962264 Page 5 ADDITIONAL OBLIGATIONS OF GRANTOR. Grantor shall have the following additional obligations under this Agreement:

Appears in 1 contract

Samples: Pledge Agreement (Premier Financial Bancorp Inc)

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Indemnification of Lender. Gxxxxxx Xxxxxxx agrees to indemnify, to defend and to save and hold Lxxxxx Xxxxxx harmless from any and all claims, suits, obligations, damages, losses, costs, expenses (including without limitation, LxxxxxXxxxxx's reasonable attorneys' fees), demands, liabilities, penalties, fines and forfeitures of any nature whatsoever which may be asserted against or incurred by LxxxxxXxxxxx, arising out of or in any manner occasioned by this Agreement or the rights and remedies granted to Lender hereunder. The foregoing indemnity provision shall survive the cancellation of this Agreement as to all matters arising or accruing prior to such cancellation, and the foregoing indemnity provision shall further survive in the event that Lender elects to exercise any of the remedies as provided under this Agreement following any Event of Default hereunder.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc)

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