Common use of Assignor’s Indemnification Clause in Contracts

Assignor’s Indemnification. Assignor hereby indemnifies, protects, defends and holds Assignee, Assignee’s officers, employees and members and all of their respective successors and assigns, harmless from any and all 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 Assignor of (or Assignor’s failure to timely perform) any or all of the obligations imposed on the optionee under the Options, which obligations accrued prior to 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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Assignor’s Indemnification. Assignor hereby indemnifies, protects, defends and holds Assignee, Assignee’s officers, employees and members and all of their respective successors and assigns, harmless from any and all 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 Assignor of (or Assignor’s failure to timely perform) any or all of the obligations imposed on the optionee lessee under the OptionsLeases, which obligations accrued prior to the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Composite Technology Corp)

Assignor’s Indemnification. Assignor hereby indemnifies, protects, defends and holds Assignee, Assignee’s officers, employees and members and all of their respective successors and assigns, harmless from any and all 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 Assignor of (or Assignor’s failure to timely perform) any or all of the obligations imposed on the optionee under the OptionsAssignor, which obligations accrued prior to the Effective Closing Date.

Appears in 1 contract

Samples: Marketing Agreement (Quadra Projects Inc.)

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Assignor’s Indemnification. Assignor hereby indemnifies, protects, defends and holds Assignee, Assignee’s officers, employees and members and all of their respective successors and assigns, harmless from any and all 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 Assignor of (or Assignor’s failure to timely perform) any or all of the obligations imposed on the optionee under the OptionsOption, which obligations accrued prior to the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Composite Technology Corp)

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