Common use of Fees and Expenses; Indemnification Clause in Contracts

Fees and Expenses; Indemnification. The PLEDGOR shall pay all fees, expenses, costs and charges, including reasonable attorney's fees, which may be incurred by the LENDER in connection with enforcing any term or provision of this PLEDGE AGREEMENT. The PLEDGOR shall indemnify and hold the LENDER harmless from and against, and reimburse the LENDER with respect to, any and all loss, damage, liability, cost or expense (including reasonable attorneys' fees) incurred by the LENDER from time to time which in any manner relate or pertain to this PLEDGE AGREEMENT and the actions and transactions contemplated herein. The foregoing indemnification obligation shall include, but is not limited to, indemnification of the LENDER with respect to all claims brought against the LENDER based upon allegations that any prospectus, memorandum or other disclosure document furnished to the purchaser of any of the COLLATERAL contains any untrue or allegedly untrue statement of a material fact which statement is derived from statements or representations made by the PLEDGOR.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Imtek Office Solutions Inc), Stock Pledge Agreement (Imtek Office Solutions Inc), Stock Pledge Agreement (Imtek Office Solutions Inc)

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Fees and Expenses; Indemnification. The PLEDGOR shall pay all fees, expenses, costs and charges, including reasonable attorney's ’s fees, which may be incurred by the LENDER SECURED PARTIES in connection with enforcing any term or provision of this PLEDGE AGREEMENT. The PLEDGOR shall indemnify and hold the LENDER SECURED PARTIES harmless from and against, and reimburse the LENDER SECURED PARTIES with respect to, any and all loss, damage, liability, cost or expense (including reasonable attorneys' fees) incurred by the LENDER SECURED PARTIES from time to time which in any manner relate or pertain to this PLEDGE AGREEMENT and the actions and transactions contemplated herein. The foregoing indemnification obligation shall include, but is not limited to, indemnification of the LENDER SECURED PARTIES with respect to all claims brought against the LENDER SECURED PARTIES based upon allegations that any prospectus, memorandum or other disclosure document furnished to the purchaser of any of the COLLATERAL contains any untrue or allegedly untrue statement of a material fact which statement is derived from statements or representations made by the PLEDGOR.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)

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