Common use of Release and Indemnification Covenants Clause in Contracts

Release and Indemnification Covenants. (a) The Issuer, the members, agents, servants, officers or employees thereof, the Trustee and the Purchaser shall not be liable for (1) any loss, damage or injury to, or death of, any person occurring at or about or resulting from any defect in the Project Facility, (2) any damage or injury to the persons or property of the Company or any user of the Project Facility, or their officers, agents, servants or employees, or any other person who may be about the Project Facility, caused by an act of negligence of any person (other than the Issuer or its members, officers, agents, servants and employees, the Trustee and the Purchaser, as the case may be), or (3) any costs, expenses or damages incurred as a result of any lawsuit commenced because of action taken in good faith by the Issuer in connection with the Project and the Project Facility, and the Company shall and does hereby indemnify, protect, defend and hold harmless the Issuer, the members, agents, servants, officers or employees thereof, the Trustee and the Purchaser from and against any and all losses, damages, injuries, costs or expenses (including reasonable attorneys fees) and from and against any and all claims, demands, suits, actions or other proceedings whatsoever, brought by any person or entity whatsoever and arising or purportedly arising from any of the foregoing.

Appears in 3 contracts

Samples: Series H Loan Agreement (Sjit Inc), Series J Loan Agreement (NPR Inc), Series J Loan Agreement (Sjit Inc)

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Release and Indemnification Covenants. (a) The Issuer, the members, agents, servants, officers or employees thereof, the Trustee and the Purchaser shall not be liable for (1) any loss, damage or injury to, or death of, any person occurring at or about or resulting from any defect in the Project Facility, (2) any damage or injury to the persons or property of the Company or any user of the Project Facility, or their officers, agents, servants or employees, or any other person who may be about the Project Facility, caused by an act of negligence of any person (other than the Issuer or its members, officers, agents, servants and employees, the Trustee and the Purchaser, as the case may be), or (3) any costs, expenses or damages incurred as a result of any lawsuit commenced because of action taken in good faith by the Issuer in connection with the Project and the Project Facility, and the Company shall and does hereby indemnify, protect, defend and hold harmless the Issuer, the members, agents, servants, officers or employees thereof, the Trustee and the Purchaser from and against any and all losses, damages, injuries, costs or expenses (including reasonable attorneys fees) and from and against any and all claims, demands, suits, actions or other proceedings whatsoever, brought by any person or entity whatsoever and arising or purportedly arising from any of the foregoing.

Appears in 1 contract

Samples: Loan Agreement (Sjit Inc)

Release and Indemnification Covenants. (a) The Issuer, the Trustee and their respective members, agents, servants, officers or employees thereofemployees, the Trustee and the Purchaser Bondholders shall not be liable for (1) any loss, damage or injury to, or death of, any person occurring at or about or resulting from any defect in the Project FacilityProject, (2) any damage or injury to the persons or property of the Company or any user of the Project FacilityProject, or their officers, agents, servants or employees, or any other person who may be about the Project FacilityProj ect, caused by an act of negligence of any person (other than the Issuer or its Issuer, the Trustee and their respective members, officers, agents, servants and employees, the Trustee and the PurchaserBondholders, as the case may be), or (3) any costs, expenses or damages incurred as a result of any lawsuit commenced because of action taken in good faith by the Issuer in connection with the Project and the Project FacilityProject, and the Company shall and does hereby indemnify, protect, defend and hold harmless the Issuer, the Trustee and their respective members, agents, servants, officers or employees thereofemployees, the Trustee and the Purchaser Bondholders from and against any and all losses, damages, injuries, costs or expenses (including reasonable attorneys fees) and from and against any and all claims, demands, suits, actions or other proceedings whatsoever, brought by any person or entity whatsoever and arising or purportedly arising from any of the foregoing.

Appears in 1 contract

Samples: Lease Agreement (Sjit Inc)

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Release and Indemnification Covenants. (a) The IssuerAuthority, the members, agents, servants, officers or employees thereof, the Trustee and the Purchaser shall not be liable for (1) any loss, damage or injury to, or death of, any person occurring at or about or resulting from any defect in the Project FacilityMortgaged Property, (2) any damage or injury to the persons or property of the Company or any user of the Project FacilityMortgaged Property, or their officers, agents, servants or employees, or any other person who may be about the Project FacilityMortgaged Property, caused by an act of negligence of any person (other than the Issuer Authority or its members, officers, agents, servants and employees, the Trustee and the any Purchaser, as the case may be), or (3) any costs, expenses or damages incurred as a result of any lawsuit commenced because of action taken in good faith by the Issuer Authority in connection with the Project and the Project Facility, and the Company shall and does hereby indemnify, protect, defend and hold harmless the IssuerAuthority, the members, agents, servants, officers or employees thereof, the Trustee and the any Purchaser from and against any and all losses, damages, injuries, costs or expenses (including reasonable attorneys fees) and from and against any and all claims, demands, suits, actions or other proceedings whatsoever, brought by any person or entity whatsoever and arising or purportedly arising from any of the foregoing.

Appears in 1 contract

Samples: Jersey Economic Development Authority (Sjit Inc)

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