Common use of Brokerage Indemnification Clause in Contracts

Brokerage Indemnification. Landlord and Tenant each represent to the other that they, respectively, have had no dealings with any real estate broker or agent in connection with the negotiation of this Agreement except for Capital Associates Management, LLC, Landlord’s broker, and Xxxxxxx Xxxxxx, Tenant’s broker, and that they, respectively, know of no other real estate broker or agent who is entitled to a commission or finder’s fee in connection with this Agreement. Each party shall indemnify, protect, defend and hold harmless the other party against all claims, demands, losses, liabilities, lawsuits, judgments, and costs and expenses (including, but not limited to, reasonable attorneys’ fees) for any leasing commission, finder’s fee or equivalent compensation alleged to be owed on account of dealings with any other than the above-stated real estate brokers by the party from whom indemnification is sought. Landlord shall pay the commissions or fees due with respect to the extension of the Term as set forth herein to the above-stated Landlord’s broker. Landlord’s broker shall then pay Tenant’s broker.

Appears in 2 contracts

Samples: Lease Agreement (Liquidia Technologies Inc), Lease Agreement (Liquidia Technologies Inc)

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Brokerage Indemnification. Landlord and Tenant each represent to the other that they, respectively, have had no dealings with any real estate broker or agent in connection with the negotiation of this Agreement except for Capital Associates Management, LLC, Landlord’s broker, and Xxxxxxx XxxxxxJxxxx Lang LaSalle Americas, Inc. Tenant’s broker, and that they, respectively, know of no other real estate broker or agent who is entitled to a commission or finder’s fee in connection with this Agreement. Each party shall indemnify, protect, defend and hold harmless the other party against all claims, demands, losses, liabilities, lawsuits, judgments, and costs and expenses (including, but not limited to, reasonable attorneys’ fees) for any leasing commission, finder’s fee or equivalent compensation alleged to be owed on account of dealings with any other than the above-stated real estate brokers by the party from whom indemnification is sought. Landlord shall pay the commissions or fees due with respect to the extension of the Renewal Term as set forth herein to the above-stated Landlord’s broker. Landlord’s broker shall then pay Tenant’s broker.

Appears in 1 contract

Samples: Lease Modification Agreement (Pozen Inc /Nc)

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Brokerage Indemnification. Landlord and Tenant each represent to the other that they, respectively, have had no dealings with any real estate broker or agent in connection with the negotiation of this Agreement Amendment except for Capital Associates Management, LLC, Landlord’s broker, and Xxxxxxx XxxxxxXxxxx Xxxx LaSalle Brokerage, Inc., Tenant’s broker, and that they, respectively, know of no other real estate broker or agent who is entitled to a commission or finder’s fee in connection with this AgreementAmendment. Each party shall indemnify, protect, defend and hold harmless the other party against all claims, demands, losses, liabilities, lawsuits, judgments, and costs and expenses (including, but not limited to, reasonable attorneys’ fees) for any leasing commission, finder’s fee or equivalent compensation alleged to be owed on account of dealings with any other than the above-stated real estate brokers by the party from whom indemnification is soughtbroker. Landlord shall pay the commissions or fees due with respect to the extension of the Term as set forth herein for Expansion No. 1 to the above-stated Landlord’s broker. broker and Landlord’s broker shall then pay Tenant’s broker.

Appears in 1 contract

Samples: Lease Modification Agreement (Cornerstone Therapeutics Inc)

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