Common use of Assignee’s Indemnification Clause in Contracts

Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor’s officers, employees and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee under the Options, which obligations accrue from and after the Effective Date.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Composite Technology Corp), Assignment and Assumption Agreement (Composite Technology Corp)

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Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor’s officers, employees and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee lessee under the OptionsAgreements, which obligations accrue from and after the Effective Closing Date.

Appears in 1 contract

Samples: Marketing Agreement (Quadra Projects Inc.)

Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor’s officers, employees and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee lessee under the OptionsLeases, which obligations accrue from and after the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Composite Technology Corp)

Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor and Assignor’s officers, employees directors and members shareholders, and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and or unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee lessor or the landlord under the OptionsLeases, which obligations accrue from and as a result of events first occurring on or after the Effective Datedate of the Closing.

Appears in 1 contract

Samples: Master Real Estate (Sitestar Corp)

Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor’s officers, employees and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee under the OptionsOption, which obligations accrue from and after the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Composite Technology Corp)

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Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor’s officers, employees and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee Assignor under the OptionsTEP issued for LOT 8, which obligations accrue from and after the Effective Closing Date.

Appears in 1 contract

Samples: Xtralink Energy Corp

Assignee’s Indemnification. Assignee hereby indemnifies, protects, defends and holds Assignor, Assignor and Assignor’s shareholders, officers, employees directors and members and all of their respective successors and assigns, harmless from any and all claims, damages, losses, suits, proceedings, costs and expenses, including, without limitation, reasonable attorneys’ fees (collectively, “Losses”), both known and or unknown, present and future, at law or in equity, arising out of, by virtue of or in any way related to the breach by Assignee of (or Assignee’s failure to timely perform) any or all of the obligations imposed on the optionee Assignee or the lessor under the OptionsLease, which obligations accrue from and after the Effective Datedate of the Closing.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Mesa Laboratories Inc /Co)

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