Common use of Contributor’s Indemnity Clause in Contracts

Contributor’s Indemnity. The Contributor agrees to indemnify and hold the Acquirer, the REIT, and their respective employees, directors, members, partners, affiliates and agents harmless of and from all liabilities, losses, damages, costs, and expenses (including reasonable attorneys' fees) which the Acquirer or the REIT may suffer or incur by reason of any breach of its representations or warranties contained in this Agreement, and by reason of any act or cause of action occurring or accruing prior to the Closing Date and arising from the ownership of the Contributed Assets prior to the Closing Date.

Appears in 3 contracts

Samples: Contribution Agreement (Highland Hospitality Corp), Contribution Agreement (Highland Hospitality Corp), Contribution Agreement (Highland Hospitality Corp)

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Contributor’s Indemnity. The Contributor hereby agrees to indemnify and hold the Acquirer, the REIT, and their respective employees, directors, members, partners, affiliates and agents harmless of and from all liabilities, losses, damages, costs, and expenses (including reasonable attorneys' fees) which the Acquirer or the REIT may suffer or incur by reason of (a) any breach of its the representations or warranties contained in Section 2.2 of this Agreement, and by reason of (b) any act or cause of action occurring or accruing prior to the Closing Date and arising from the ownership of the Contributed Assets prior to the Closing Date.

Appears in 2 contracts

Samples: Contribution Agreement (Summit Hotel Properties, Inc.), Contribution Agreement (Summit Hotel OP, LP)

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