Common use of Mortgage and Intangible Tax Indemnification Clause in Contracts

Mortgage and Intangible Tax Indemnification. Borrower shall, at its sole cost and expense, protect, defend, indemnify, release and hold harmless the Indemnified Persons from and against any and all Losses imposed upon or incurred by or asserted against any Indemnified Persons and directly or indirectly arising out of or in any way relating to any Tax on the making and/or recording (or related filings, as applicable) of the Pledge Agreement, the Security Instrument, the Note or any of the other Loan Documents (but excluding any income, franchise or similar Taxes imposed on Lender or any Indemnified Person).

Appears in 4 contracts

Samples: Loan Agreement (DDR Corp), Loan Agreement (Retail Value Inc.), Loan Agreement (Retail Value Inc.)

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