Common use of Indemnity of Escrow Agent Clause in Contracts

Indemnity of Escrow Agent. The parties hereto jointly and severally agree to indemnify, defend and hold the Escrow Agent harmless from and against any and all loss, damage, tax, liability and expense that may be incurred by the Escrow Agent arising out of or in connection with its acceptance of appointment as Escrow Agent hereunder, except as caused by its gross negligence or willful misconduct, including the legal costs and expenses of defending itself against any claim or liability in connection with its performance hereunder.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Johnson Winston), Stock Escrow Agreement (Trust Under Agreement Dated 6/30/89), Stock Escrow Agreement (Salano James J Sr)

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Indemnity of Escrow Agent. The parties hereto jointly and severally agree to indemnify, defend and hold the Escrow Agent harmless from and against any and all loss, damage, tax, liability and expense that may be incurred by the Escrow Agent arising out of or in connection with its acceptance of appointment as Escrow Agent hereunder, except as caused by its gross negligence or willful misconductincluding, including without limitation, the reasonable legal costs and expenses of defending itself against any claim or liability in connection with its performance hereunder, except as caused by its bad faith or gross negligence.

Appears in 1 contract

Samples: Asset Purchase Agreement (At Track Communications Inc)

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Indemnity of Escrow Agent. The parties hereto will jointly and severally agree to indemnify, defend indemnify Escrow Agent for and hold the Escrow Agent it harmless from and against again any and all loss, damage, tax, liability and or expense that may be incurred by the without negligence or bad faith on Escrow Agent Agent's part arising out of or in connection with the acceptance of, or the performance of its acceptance of appointment duties under this Agreement, as Escrow Agent hereunder, except well as caused by its gross negligence or willful misconduct, including the legal costs and expenses of defending itself against any claim or liability in connection with its performance hereunderarising under this Agreement.

Appears in 1 contract

Samples: Agreement of Sale (Southern Connecticut Bancorp Inc)

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