Document and Recording Tax Indemnification Clause Samples

Document and Recording Tax Indemnification. Borrower agrees to indemnify, defend and hold harmless Lender from and against and be responsible for any claim that any documentary stamp or mortgage tax is due and payable in connection with the Loan or the execution, delivery or recording of the Loan Documents and to pay such taxes and expenses incurred by Lender in connection therewith. Borrower may contest any determination that any such taxes are due, but shall pay any such taxes (including penalties and interest) when legally required. The indemnity obligations contained in this Section shall survive repayment of the Loan.

Document and Recording Tax Indemnification. Borrower agrees to indemnify, defend and hold harmless the Indemnified Parties from and against any claim that any documentary or mortgage tax is due and payable in connection with the Loan or the execution, delivery or recording of the Loan Documents and to pay such taxes and Expenses incurred by any Indemnified Party in connection therewith. Borrower may contest any determination that any such taxes are due, but shall pay any such taxes (including penalties and interest) when legally required. This paragraph shall survive repayment of the Loan.