Common use of Indemnification of the Escrow Agent Clause in Contracts

Indemnification of the Escrow Agent. The Company hereby agrees to defend, indemnify, and to hold the Escrow Agent harmless against, any loss, liability or expense incurred without gross negligence or willful misconduct on the part of Escrow Agent arising out of or in connection with its entering into this Agreement and carrying out its duties hereunder, including the cost and expense of defending itself against any claim or liability.

Appears in 3 contracts

Samples: Escrow Agreement (Wellstone Communities Inc), Escrow Agreement (Coffeeam Com Inc), Escrow Agreement (Coffeeam Com Inc)

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Indemnification of the Escrow Agent. The Company hereby agrees to defend, indemnify, ----------------------------------- indemnify and to hold harmless the Escrow Agent harmless againstagainst any and all losses, any lossclaims, liability or expense incurred without gross negligence or willful misconduct on damages, liabilities and expenses, including reasonable costs of investigation and counsel fees and disbursements, which may be imposed upon the part of Escrow Agent arising out or incurred by the Escrow Agent hereunder, or as a result of or in connection with its entering into this Agreement and carrying out the performance of its duties hereunder, including as the cost and expense of defending itself against any claim Escrow Agent hereunder or liabilityinvolving the subject matter hereof.

Appears in 1 contract

Samples: Escrow Agreement (Cherokee Banking Co)

Indemnification of the Escrow Agent. The Company hereby agrees to defend, indemnify, indemnify and to hold harmless the Escrow Agent harmless againstagainst any and all losses, any lossclaims, liability or expense incurred without gross negligence or willful misconduct on damages, liabilities and expenses, including reasonable costs of investigation and counsel fees and disbursements, which may be imposed upon the part of Escrow Agent arising out or incurred by the Escrow Agent hereunder, or as a result of or in connection with its entering into this Agreement and carrying out the performance of its duties hereunder, including as the cost and expense of defending itself against any claim Escrow Agent hereunder or liabilityinvolving the subject matter hereof.

Appears in 1 contract

Samples: Escrow Agreement (Futurus Financial Services Inc)

Indemnification of the Escrow Agent. The Company hereby agrees to defend, indemnify, and to hold the Escrow Agent harmless against, any loss, liability or expense incurred without gross negligence or willful misconduct on the part of Escrow Agent arising out of or in connection with its entering into this Agreement and carrying out its duties hereunder, including the cost and expense of defending itself against any claim or liabilityliability from whatever source.

Appears in 1 contract

Samples: Escrow Agreement (Wellstone Communities Inc)

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Indemnification of the Escrow Agent. The Company hereby agrees ----------------------------------- to defend, indemnify, indemnify and to hold harmless the Escrow Agent harmless againstagainst any and all losses, any lossclaims, liability or expense incurred without gross negligence or willful misconduct on damages, liabilities and expenses, including reasonable costs of investigation and counsel fees and disbursements, which may be imposed upon the part of Escrow Agent arising out or incurred by the Escrow Agent hereunder, or as a result of or in connection with its entering into this Agreement and carrying out the performance of its duties hereunder, including as the cost and expense of defending itself against any claim Escrow Agent hereunder or liabilityinvolving the subject matter hereof.

Appears in 1 contract

Samples: Escrow Agreement (Decatur First Bank Group Inc)

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