Assumption/Indemnity. Purchaser accepts the foregoing assignment and assumes and agrees to be bound by and to perform and observe all of the obligations, covenants, terms and conditions to be performed or observed under the Assigned Property arising on or after the date hereof.
Assumption/Indemnity. Purchaser, for itself and its successors or assigns, hereby assumes the obligations of Seller under the Leases, tenant security deposits, and Service Contracts arising from and after the Closing Date. Purchaser agrees to defend, indemnify and hold harmless Seller from and against any and all claims, demands, liabilities, damages, obligations, fines, penalties, costs and expenses, including (without limitation) reasonable attorneys’ fees and disbursements (whether arising out of any underlying action or in the enforcement of this right of indemnification), arising under the Leases or the Service Contracts with respect to acts, circumstances or obligations first arising on or after the date hereof. Seller agrees to defend, indemnify and hold harmless Purchaser from and against any and all claims, demands, liabilities, damages, obligations, fines, penalties, costs and expenses, including (without limitation) reasonable attorneys’ fees and disbursements (whether arising out of any underlying action or in the enforcement of this right of indemnification), arising under the Service Contracts or the Leases with respect to acts, circumstances or obligations first arising prior to the date hereof.
Assumption/Indemnity. A. Purchaser accepts the foregoing assignment and assumes and agrees to be bound by and to perform and observe all of the obligations, covenants, terms and conditions to be performed or observed under the Assigned Property arising on or after the date hereof. Purchaser further agrees to indemnify Seller and hold Seller harmless from and against any and all claims, liens, damages, demands, causes of action, liabilities, lawsuits, judgments, losses, costs and expenses (including, without limitation, attorneys’ fees and expenses) (collectively, the “Losses”) asserted against or incurred by Seller by reason of or arising out of any failure by Purchaser to perform or observe the obligations, covenants, terms and conditions assumed by Purchaser hereunder arising in connection with the Assigned Property and related to the period on or after the date hereof.
Assumption/Indemnity. Purchaser accepts the foregoing assignment and assumes and agrees to be bound by and to perform and observe all of the obligations, covenants, terms and conditions to be performed or observed under the Assigned Property arising on or after the date hereof. Purchaser further agrees to indemnify Seller and hold Seller harmless from and against any and all claims, liens, damages, demands, causes of action, liabilities, lawsuits, judgments, losses, costs and expenses (including, without limitation, reasonable attorneys' fees and expenses) (collectively, the "Losses") asserted against or incurred by Seller by reason of or arising out of any failure by Purchaser to perform or observe the obligations, covenants, terms and conditions assumed by Purchaser hereunder arising in connection with the Assigned Property and related to the period on or after the date hereof. Seller further agrees to indemnify Purchaser and hold Purchaser harmless from and against any and all Losses asserted against or incurred by Purchaser by reason of or arising out of any failure by Seller to perform or observe the obligations, covenants, terms and conditions assumed by Purchaser hereunder arising in connection with the Assigned Property and related to the period prior to the date hereof and during Seller’s period of ownership.
Assumption/Indemnity. In consideration of the foregoing assignment by HNC, Retek hereby agrees to accept the foregoing assignment of all HNC's rights, interests, obligations and duties in, to and under the Option Agreement on an "as is" basis, and Retek hereby agrees to assume all of HNC's duties and obligations under the Option Agreement. Retek further hereby agrees to indemnify and hold HNC harmless from and against any and all claims, suits, demands, actions, proceedings, losses, liabilities, damages, costs and/or expenses (including without limitation reasonable attorneys' fees) arising out of or relating in any way to (i) the Option Agreement, (ii) the exercise or attempted exercise by Retek of any rights or interests under the Option Agreement or (iii) the performance or non-performance by Retek of any of the duties and obligations of HNC under the Option Agreement that are hereby being assigned to and assumed by Retek hereunder provided, however, that notwithstanding the foregoing, Retek will not be
Assumption/Indemnity. Assignee hereby assumes the covenants, agreements and obligations of Assignor as landlord or lessor under the Leases as of the date of this Assignment, and Assignee further assumes all liability of Assignor for the proper refund or return of the Security Deposits if, when and as required by the Leases. Assignee hereby assumes the covenants, agreements and obligations of Assignor under the Service Contracts which are applicable to the period and required to be performed from and after the date of this Assignment, but not otherwise. Assignor and Assignee hereby agree to indemnify, defend and hold harmless the other from all claims relating to the Leases during their respective periods of ownership.
