Common use of Indemnification of Trustee Clause in Contracts

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, and Trustee shall not be liable for interest thereon. Grantor shall indemnify Trustee against all liability and expenses that he may incur in the performance of his duties hereunder except for gross negligence or willful misconduct.

Appears in 4 contracts

Samples: Intercreditor Agreement (Fender Musical Instruments Corp), Intercreditor Agreement (Fender Musical Instruments Corp), Guarantee and Collateral Agreement (Powerhouse Technologies Inc /De)

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Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor Trustor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 4 contracts

Samples: Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc), Security Agreement and Fixture Filing (Maguire Properties Inc), Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify Borrower hereby indemnifies Trustee against all liability and expenses that which he may incur in the performance of his duties hereunder hereunder, except for those arising from Trustee’s gross negligence or willful misconduct.

Appears in 4 contracts

Samples: Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc.

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor Obligor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his its duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 2 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Guilford Mills Inc)

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify Xxxxxxx hereby indemnifies Trustee against all liability and expenses that he may incur in the performance of his duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 2 contracts

Samples: Trust, Security Agreement and Fixture Filing (Industrial Income Trust Inc.), Security Agreement and Fixture Filing (Industrial Income Trust Inc.)

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his its duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 2 contracts

Samples: Green Plains Renewable Energy, Inc., Loan Agreement (United Foods Inc)

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him Trustee in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify Trustee against all liability and expenses that he which Trustee may incur in the performance of his Xxxxxxx’s duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Cabinet Grow, Inc.

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. judgment Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 1 contract

Samples: Defined Terms (Wells Real Estate Investment Trust Inc)

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor Trustor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his its duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Defined Terms (Green Plains Renewable Energy, Inc.)

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor Affiliated Guarantor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 1 contract

Samples: Management Agreement (Strategic Hotels & Resorts, Inc)

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him Trustee in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify Trustee against all liability and expenses that he which Trustee may incur in the performance of his Trustee’s duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc)

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor Trustor shall protect, indemnify and hold harmless Trustee against all liability and reasonable out-of-pocket expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 1 contract

Samples: Management Agreement (Kilroy Realty, L.P.)

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Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him Trustee in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify Trustee against all GRANTOR SHALL INDEMNIFY TRUSTEE AGAINST ALL liability and expenses that he which Trustee may incur in the performance of his Trustee’s duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Construction Loan Agreement (Micropac Industries Inc)

Indemnification of Trustee. Except for to the extent that the same constitutes gross negligence or willful wilful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money amounts received by Trustee shall, until used or applied as herein provided, be held in trusttrust for Beneficiary, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor Trustor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his its duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Green Plains Inc.

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify hereby indemnifies Trustee against all liability and expenses that which he may incur in the performance of his duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement (Hispanic Television Network Inc)

Indemnification of Trustee. Except for gross negligence or and willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 1 contract

Samples: Security Agreement (Wells Real Estate Investment Trust Inc)

Indemnification of Trustee. Except for gross negligence or willful -------------------------- misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor Obligor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his its duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Indemnity Agreement (JDN Realty Corp)

Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor shall indemnify hereby indemnifies Trustee against all liability and expenses that expenses, which he may incur in the performance of his duties hereunder except for gross negligence or willful misconducthereunder.

Appears in 1 contract

Samples: Trust and Security Agreement (Highland Hospitality Corp)

Indemnification of Trustee. Except for gross negligence or and -------------------------- willful misconduct, Trustee shall not be liable for any act or omission or error of judgment. Trustee may rely on any document believed by him it in good faith to be genuine. All money received by Trustee shallshall be held in trust, but need not be segregated (except to the extent required by law), until used or applied as herein provided, be held provided in trust, and this Deed of Trust. Trustee shall not be liable for interest thereonon the money. Grantor shall protect, indemnify and hold harmless Trustee against all liability and expenses that he which Trustee may incur in the performance of his duties hereunder except for gross negligence or willful misconductits duties.

Appears in 1 contract

Samples: Security Agreement (Boston Properties Inc)

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