Common use of Broker Indemnification Clause in Contracts

Broker Indemnification. Broker shall indemnify, defend and hold REDSTONE and its officers, directors, employees, agents, affiliates and subsidiaries harmless against and in respect of, and shall reimburse REDSTONE for any and all losses, liabilities, claims, damages, costs including without limitation attorneys’ fees and costs, and actions suffered or incurred by REDSTONE which arise out of, result from or relate to: (a) material breach by Broker of any covenant, condition, term, obligation, representation or warranty contained (i) in this Agreement or the Guide, or (ii) in any Eligible Loan Application, Mortgage File document or in any written statement or certificate furnished by Broker pursuant to this Agreement or the Guide, including, without limitation, those arising from Broker’s fraud or negligence in the origination or processing of Loan Applications; or

Broker Indemnification. Broker shall indemnify, defend and hold REDSTONE ROCKSTONE and its officers, directors, employees, agents, affiliates and subsidiaries harmless against and in respect of, and shall reimburse REDSTONE ROCKSTONE for any and all losses, liabilities, claims, damages, costs including without limitation attorneys’ fees and costs, and actions suffered or incurred by REDSTONE ROCKSTONE which arise out of, result from or relate to: (a) material breach by Broker of any covenant, condition, term, obligation, representation or warranty contained (i) in this Agreement or the Guide, or (ii) in any Eligible Loan Application, Mortgage File document or in any written statement or certificate furnished by Broker pursuant to this Agreement or the Guide, including, without limitation, those arising from Broker’s fraud or negligence in the origination or processing of Loan Applications; or