Common use of General Indemnification Clause in Contracts

General Indemnification. (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.

Appears in 5 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, (on a Grossedan after-Up Basis, tax basis in accordance with Section 7.5) from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action, omission or any portion thereof subject to any limitations set forth in the Operative Documentsnegligence by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing initial Advance Date or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; (iiib) any Participation Agreement System, Equipment or any part thereof or interest therein; or (c) the regulation of the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including any sale pursuant to Section 4.3 of title the Lease or any sale pursuant to Article XVI of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein in any System or improvements thereto Equipment or the failure imposition of any Lien (or incurrence of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims : (i) claims or penalties arising from any violation of law law, including Applicable Laws or in tort (whether arising under principles of strict liability or otherwise), (ii) loss of or damage to the environment (including investigation costs, clean-up costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverablediscoverable by Lessee or any Indemnitee, (iv) any Claim based upon a violation Claims resulting from the existence or alleged violation of the terms Release of any restriction, easement, condition Hazardous Materials from or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property any System or any part thereof, Equipment and (v) any Claim for patent, trademark trademark, trade name or copyright infringement; (d) the offer, and Claims arising from any public improvements with respect to a Leased Property issuance, sale or a Site resulting in any change delivery of the Notes or special assessments being levied against such Leased Property the Certificates; (e) the breach or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a alleged breach by the Lessee of any of its covenants under representation or warranty made by it or deemed made by it in any Operative Document, ; (f) the transactions contemplated hereby or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; or the occurrence of (g) any Default other agreement entered into or Event of Default, or the material inaccuracy of any information provided assumed by any such party to any third party Lessee in connection with any System or Equipment (including, in each case, matters based on or arising from the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence negligence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental ClaimIndemnitee). Lessee shall not be entitled required to credit against any payments due to an Indemnitee indemnify under this Section 7.1 both for (x1) as to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or to the extent resulting from a material breach of representations, warranties or covenants of such Indemnitee, (2) any insurance recoveries received by such Indemnitee Claims in respect of the matters described herein under or from insurance paid for by any Person Taxes (such Claims to be subject to Section 7.2), other than a payment necessary to make payments under this Section 7.1 on an after-tax basis, (3) as to an Indemnitee, any Claim resulting from Lessor Liens which such Indemnitee is responsible for Participation Agreement discharging under the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee Operative Documents, and (y4) as to an Indemnitee, any other indemnity amount received by such Indemnitee in respect of such matters Claim resulting from a Person (other than the Lessor) unrelated to such Indemnitee's failure to distribute funds properly.

Appears in 3 contracts

Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)

General Indemnification. (ai) Subject In consideration of each Buyer's execution and delivery of the Transaction Documents and acquiring the Securities thereunder and in addition to clauses (b) and (f) belowall of the Company's other obligations under the Transaction Documents, the Lessee will indemnifyCompany shall defend, defend protect, indemnify and hold harmless each Indemnitee harmlessBuyer and each other holder of the Securities and all of their stockholders, on a Grossed-Up Basispartners, members, officers, directors, employees and direct or indirect investors and any of the foregoing Persons' agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) (collectively, the "Indemnitees") from and against any and all Claims actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in connection therewith (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out irrespective of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as a party to such matter the action for which indemnification hereunder is sought), and including reasonable attorneys' fees and disbursements (the "Indemnified Liabilities"), incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation or warranty made by the Company in the Transaction Documents or any other Person certificate, instrument or document contemplated hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby or (c) any cause of action, suit or claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action brought on behalf of the Company) and whether arising out of or not resulting from (i) the execution, delivery, performance or enforcement of the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (ii) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance of the Securities, (iii) any disclosure made by such Claim arises Buyer pursuant to Section 4(i), or accrues prior (iv) the status of such Buyer or holder of the Securities as an investor in the Company pursuant to the Closing Date or after transactions contemplated by the Lease Expiration Date):Transaction Documents. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under applicable law. (i) each Leased PropertyPromptly after receipt by an Indemnitee under this Section 9(k) of notice of the commencement of any action or proceeding (including any governmental action or proceeding) involving an Indemnified Liability, each Sitesuch Indemnitee shall, if a claim for indemnification in respect thereof is to be made against any indemnifying party under this Section 9(k), deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnitee; provided, however, that an Indemnitee shall have the right to retain its own counsel with the fees and expenses of not more than one counsel for such Indemnitee to be paid by the indemnifying party, if, in the reasonable opinion of the Indemnitee, the Lessee Collateral orrepresentation by such counsel of the Indemnitee and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnitee and any other party represented by such counsel in such proceeding. Legal counsel referred to in the immediately preceding sentence shall be selected by the Buyers holding at least a majority of the Securities issued and issuable hereunder. The Indemnitee shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or Indemnified Liabilities by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnitee that relates to such action or Indemnified Liabilities. The indemnifying party shall keep the Indemnitee fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of the Indemnitee, which consent shall not be unreasonably withheld conditioned or delayed, consent to entry of any judgment or enter into any settlement or other compromise which (i) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnitee of a release from all liability in each caserespect to such Indemnified Liabilities or litigation, any part thereof; (ii) requires any admission of the Operative Documents or any of the transactions contemplated therebywrongdoing by such Indemnitee, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) obligates or requires an Indemnitee to take, or refrain from taking, any action. Following indemnification as provided for hereunder, the regulation indemnifying party shall be subrogated to all rights of the ownershipIndemnitee with respect to all third parties, constructionfirms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnitee under this Section 9(k), installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only except to the extent that the Indemnitee indemnifying party is subjected prejudiced in its ability to defend such action. (ii) The indemnification required by this Section 9(k) shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Liabilities are incurred. (iii) Except where the following damages have been awarded to a third party and a party hereto has a duty of indemnification with respect to such regulation as a result third party claim, in no event shall any claim for incidental, special, punitive or consequential damages of its being a any nature whatsoever be made by any party to or beneficiary of the Operative Transaction Documents or its involvement in the transactions any other certificate, instrument or document contemplated in the Operative Documents;hereby or thereby. (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other The indemnity agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee contained herein shall be entitled in addition to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect cause of action or similar right of the matters described herein under Indemnitee against the indemnifying party or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee others, and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than liabilities the Lessor) unrelated indemnifying party may be subject to such Indemniteepursuant to the law.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Net Element, Inc.), Securities Purchase Agreement (Net Element, Inc.), Securities Purchase Agreement (Net Element, Inc.)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; PROVIDED, that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct of Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 3 contracts

Samples: Master Equipment Lease Agreement (Jore Corp), Funding Agreement (R B Rubber Products Inc), Master Equipment Lease Agreement (R B Rubber Products Inc)

General Indemnification. (a) Subject Lessee hereby assumes liability for, and does hereby agree, and shall require any sublessee or assignee to clauses (b) and (f) belowagree, the Lessee will to indemnify, defend protect, save, defend, and hold each Indemnitee harmless, on a Grossed-Up Basis, harmless the Indemnitees from and against any and all Claims obligations, fees, liabilities, losses, damages, claims, demands, actions, suits, judgments, costs and expenses, including reasonable legal expenses of every kind and nature whatsoever and whether or not indemnified by any other Person (which may include collectively, "Expenses") imposed on, incurred or suffered by, or asserted against any Indemnitee, in any way relating to, based on or arising out of: 42 -------------------- * Confidential (i) the outstanding Operative Documents and any other document entered into in connection with this Lease Balance or any sublease or transfer or any transactions contemplated hereby or thereby; (ii) the ordering, purchase, documentation, importation, exportation, acceptance or rejection, manufacture, construction, design, condition, modification, airworthiness, alteration, registration, fitness for use, merchantability, ownership, improvement, insuring, titling or retitling, registration or re-registration, licensing, financing, refinancing, delivery, non-delivery, control, transportation, testing, overhaul, repair, imposition of any Lien, leasing, re-leasing, possession, use, operation, maintenance, location, storage, removal, replacement, return, sale, abandonment, any transfer of any kind or other disposition of the Aircraft, or any portion thereof subject (including the Airframe and each Engine or any engine used with the Airframe), or otherwise in connection with or with respect to the transactions contemplated by the Operative Documents, whether or not such ordering, purchase, documentation, importation, exportation, acceptance or rejection, manufacture, construction, design, condition, modification, airworthiness, alteration, registration, fitness for use, merchantability, ownership, improving, insuring, titling or retitling, registration or re-registration, licensing, financing, refinancing, delivery, non-delivery, control, transportation, testing, overhaul, repair, imposition of any limitations set forth Lien, leasing, re-leasing, possession, use, operation, maintenance, location, storage, removal, replacement, return, sale, abandonment, any transfer of any kind or other disposition is in compliance with the terms of the Operative Documents, including, without limitation, payments limited any of such as may arise from (i) loss or damage, loss or harm to the applicable Recourse Deficiency Amount) that directly any property or indirectly relate to, result from or arise out death of or are alleged injury to relate toany Person, result from (ii) patent or arise out of latent defects in the Aircraft or any of the following portion thereof (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Propertydiscoverable), each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownershipany claims based on strict liability in tort or otherwise, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim claims based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for on patent, trademark or copyright infringement, and Claims (v) any claims based on liability arising from under any public improvements with respect to a Leased Property applicable environmental or a Site resulting in noise or pollution control law or regulation; (iii) any change breach or special assessments being levied against such Leased Property or such Site failure on the part of Lessee or any plans sublessee to modifyperform, widen observe or realign comply with any street of the terms of the Operative Documents, or highway adjacent to the falsity or inaccuracy of any Leased Property representation or warranty of Lessee under the Operative Documents or any Claim for utility “tap-in” feesother instrument or agreement executed in connection with this Lease which falsity has a material and adverse effect on the Indemnitee; (iv) the enforcement by Lessor of the terms of the Operative Documents; or (v) a breach the ongoing trustee fees of Lessor during the Term. (b) Lessee agrees that any payment or indemnity pursuant to this Section 12.1 in respect of any Expenses shall be in an amount which, after deduction of all Taxes required to be paid by the recipient with respect to such payment or indemnity under the laws of any federal, state or local government or taxing authority in the United States, or under the laws of any taxing authority or governmental subdivision of a foreign country, or any territory or possession of the 43 United States or any international authority, shall be equal to the amount of such Expense. If any Indemnitee shall actually realize a tax savings by reason of any Tax paid or indemnified by Lessee pursuant to this Section 12.1(b) and such savings is not otherwise taken into account in computing such payment or indemnity, such Indemnitee shall pay to Lessee an amount equal to the lesser of (i) the amount of such tax savings realized, or (ii) the amount of all payments pursuant to Section 12.1(a) by Lessee to such Indemnitee (less any payments previously made by such Indemnitee to Lessee pursuant to this Section 12.1(b)). (c) Lessee shall give each Indemnitee prompt notice of any occurrence, event or condition known to Lessee as a consequence of which any Indemnitee may be entitled to indemnification hereunder. Lessee shall forthwith upon demand of any such Indemnitee reimburse such Indemnitee for reasonable expenses actually incurred by it in connection with any of the foregoing or pay such amounts directly. (d) Lessee shall be subrogated to an Indemnitee's rights in any matter with respect to which Lessee has actually reimbursed such Indemnitee for amounts expended by it or has actually paid such amounts directly pursuant to this Section 12.1 (other than any claim against another Indemnitee or against any insurance maintained by an Indemnitee). (e) In case any action, suit or proceeding is brought against any Indemnitee in connection with any Expense indemnified against hereunder, such Indemnitee shall, promptly after receipt of notice of the commencement of such action, suit or proceeding, notify Lessee thereof, enclosing a copy of all papers served upon such Indemnitee; provided that the failure to provide such notice shall not release Lessee from any of its covenants under any Operative Documentobligations to indemnify hereunder, except to the extent that such failure precludes Lessee's ability to defend or resist such action. Lessee may, provided that Lessee has acknowledged in writing its responsibility for such Expense hereunder, and upon such Indemnitee's request shall, at Lessee's expense, resist and defend such action, suit or proceeding, or a misrepresentation cause the same to be resisted or defended by the Lessee (including any omission counsel selected by Lessee that makes and reasonably satisfactory to such Indemnitee and in the event of any representation made failure by Lessee materially misleadingto do so, Lessee shall pay all costs and expenses (including, without limitation, reasonable legal expenses, including but not limited to attorney's fees and expenses) in any Operative Document or in any certificate or other document delivered incurred by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party Indemnitee in connection with such action, suit or proceeding. Notwithstanding the preparation by such third party of a report foregoing, Lessee shall not be entitled to assume responsibility for or other document required to participate in or be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or consulted with respect to any Leased Propertyaction, suit or proceeding if (i) such proceeding will involve a material risk of the sale, forfeiture or loss of, or creation of any SiteLien on, title thereto, any interest therein the Aircraft or any Basic Rent part thereof unless in such event Lessee shall have posted a bond or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished other security reasonably satisfactory to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee affected Indemnitees in respect of such matters from risk, or (ii) such action, suit or proceeding could, in the good faith opinion of the Indemnitee, entail any risk of criminal liability, or (iii) in the written opinion of counsel to the Indemnitee, an actual or potential conflict of interest exists and it is advisable for such Indemnitee and Lessee to be represented by separate counsel. In all cases in which Lessee is entitled to and has assumed the defense of a Person claim, the Indemnitee may participate at its own expense with its own counsel in any action, suit or proceeding defended by counsel selected by Lessee pursuant to the preceding provisions. (f) Provided that no Event of Default has occurred and is continuing, no Indemnitee shall enter into a settlement or other than compromise with respect to any Expense without the Lessorprior written consent of Lessee so long as (i) unrelated Lessee has agreed in a writing acceptable to such IndemniteeIndemnitee that Lessee is liable to such Indemnitee for such Expense hereunder, and (ii) Lessee has provided such evidence, certifications and assurances as such Indemnitee may reasonably request that Lessee has the ability to promptly pay any such Expense in full. (g) Lessee's obligations under the indemnities provided for in this Agreement shall be those of a primary obligor, whether or not the Person indemnified shall also be indemnified with respect to the same matter under the terms of any other document or instrument, and the Person seeking indemnification from Lessee pursuant to any provision of this Agreement may proceed directly against Lessee without first seeking to enforce any other right of indemnification. (h) The obligations of Lessee under this Section 12.1 shall survive the expiration or earlier termination of this Lease.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien other than a Lessor Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien other than a Lessor Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased the Property, any SiteImprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except with respect to any of the foregoing Lessor Liens and Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of Lessor's representation set forth in Section 6.1(a), the transactions contemplated by this Lease or by any Environmental Claim. other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 26.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the return or remarketing of the Property so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described herein under Operative Documents, and (4) any Claim arising from a breach or from insurance paid for alleged breach by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by of any agreement entered into in connection with the Lessee assignment or participation of Rent. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under this Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 26.1, this Section 26.1 shall be construed as an indemnity amount received by such Indemnitee in respect only and not a guaranty of such matters from a Person (other than residual value of the Lessor) unrelated to such IndemniteeProperty.

Appears in 2 contracts

Samples: Lease Agreement (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)

General Indemnification. (a) Subject Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against any and all Claims (which may include arising out of the outstanding Lease Balance acts, or failures to act, of Lessee or any portion thereof subject to any limitations set forth of its subtenants (existing now or in the Operative Documentsfuture) prior to the expiration or earlier termination of the Term and including any period during which the Lessee is a month-to-month tenant under clause (x) of Section 8.5 (whether during the Lease Term, or prior to the Closing Date), whenever they may be suffered, imposed on or asserted against any Indemnitee, arising out of (i) the acquisition, ownership, leasing, subleasing, assignment, transfer of title, sale, financing, refinancing, renewal, return, disposition, operation, possession, use, non-use, maintenance, modification, alteration, reconstruction, restoration, substitution, or replacement of the Property or the Lease, or from the granting by Lessor at Lessee’s request of easements, licenses or any similar rights with respect to all or any part of the Property, or from the construction, design, purchase or condition of the Property (including any Claims (whether by Governmental Authority or other Person) arising, directly or indirectly, out of the actual or alleged presence, use, storage, generation, Release or threat of Release of any Hazardous Materials, and any Claims for patent, trademark or copyright infringement and latent or other defects, whether or not discoverable), including any liability under Applicable Laws (including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that any Claims arising directly or indirectly relate toout of any actual or alleged violation, result from now or hereafter existing, of any Environmental Laws), (ii) the Lease Operative Documents or the Operative Documents or any modification, amendment or supplement thereto (A) if the Indemnitee is Lessor, only to the extent arising out of the operation, maintenance, use or possession of the Property by Lessee, whether before or after the Closing Date and (B) if the Indemnitee is any other Person, such indemnity is including, without limitation, any Claims made against the Servicer, any Holder, the Indenture Trustee, and any special servicer in connection with the Overall Transaction, whether or not arising out of the operation, maintenance, use or possession of the Property by Lessor, (iii) the non-compliance of the Property with Applicable Laws (including because of the existence of the Permitted Liens), (iv) without limiting any other indemnity herein, any other matters relating to the Property or any operations thereon, and not already covered by this Section 19.1(a), to the extent such matters arise out of the operation, maintenance, use or are alleged possession of the Property by Lessee or any subtenants, whether before or after the Closing Date, including matters relating to relate toEnvironmental Laws or Hazardous Materials, result from the breach by Lessee or arise out Guarantor of any of its representations, warranties, covenants and obligations in this Lease or the following (whether Guaranty, as applicable, or not any such Indemnitee is indemnified as to such matter by any other Person and Operative Documents or Lease Operative Documents whether or not such Claim arises or accrues prior to the Closing Date or after date of this Lease, (v) the Lease Expiration Date): (i) each Leased Property, each Site, the business and activities of Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated therebysubtenants, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only except to the extent that the Indemnitee is subjected arising out of relationships between Lessor and Lessee not related to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; this transaction, (ivvi) the offercost of any Remedial Action, financingassessment, refinancingcontainment, inspectionmonitoring, mortgaging, pledging, granting treatment and/or removal of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of any and all Hazardous Materials from all or any part portion of each Leased the Property or any product produced therewithsurrounding areas over which Lessee has responsibility, each Site the cost of any actions taken in response to a release or threat of release of any interest therein Hazardous Materials on, in, under, relating to or improvements thereto or the failure to perform or accomplish affecting any portion of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereofsurrounding areas over which Lessee has responsibility to prevent or minimize such release or threat of release so that it does not migrate or otherwise cause or threaten danger to present or future public health, any Claim for patentsafety, trademark welfare or copyright infringementthe environment, and Claims arising from any public improvements costs incurred to comply with respect to a Leased Property or a Site resulting Environmental Laws in any change or special assessments being levied against such Leased Property or such Site connection with all or any plans to modify, widen or realign any street or highway adjacent to any Leased portion of the Property or any Claim for utility “tap-in” fees; surrounding areas over which Lessee has responsibility, (vvii) a breach by the Lessee of any of its covenants under any Operative Document, Lease Default or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Lease Event of Default, (viii) any litigation, suit, cause of action, writ, decree, injunction, order, judgment, proceeding or Claim now or hereafter asserted against the material inaccuracy Property, Lessor (by virtue of its ownership of, leasing or financing of the Property), or Lessee or any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or subtenants with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or this Lease, and (ix) any Site defects in title caused, created or permitted by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or anyone acting by, through or under Lessee. Lessee acknowledges that the foregoing includes any costs incurred by Lessor, the Indenture Trustee or the Servicer (or special servicer) in performing any inspections of its contractors any Property if such inspection reveals a violation by Lessee of Section 8.5. Lessee shall not be required to indemnify any Indemnitee under this Section 19.1 for any Claim to the extent resulting from (A) the willful misconduct or agents gross negligence or breach of representation or warranty of such Indemnitee or a member of such Indemnitee’s Group, (B) any amounts payable under the Debt Documents unless such amounts are payable by reason Lessee under this Lease or any other Lease Operative Document, (C) any acts or events to the extent first occurring after the expiration of the financing Lease Term and return of the Property to Lessor in the condition required in this Lease (but any personality or equipment purchased or leased indemnification first arising after the expiration of the Term (and not otherwise covered hereby) shall include only those matters relating to Lessee’s failure to return the Property in the condition required), (D) any taxes, except to the extent covered in Section 19.2 of this Lease, (E) any voluntary transfers of the Property made by Lessor (other than arising out of a Lease Event of Default by Lessee), and (F) any voluntary transfer of the Property made by the Lessee or Alterations constructed Indenture Trustee (other than arising out of a Lease Event of Default by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim). Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) 19.1 any insurance recoveries or other reimbursements received by such the Indemnitee to be indemnified in respect of the matters described herein related Claim under or from insurance paid for for, directly or indirectly, by any Person other than the Indemnitee or an Affiliate thereof Lessee or assigned to the Lessor by Lessee, to the Lessee extent such insurance recoveries exceed such Indemnitee’s costs and expenses incurred in recouping such insurance recovery. The foregoing indemnity (y) and any other indemnity amount received made by Lessee herein, including, without limitation, in Sections 4.3 and 19.2(b)(v)) applies to all matters herein, including, without limitation, any of the same that are caused in whole or in part by the sole or concurrent negligence of any Indemnitee. (b) In case any Claim shall be made or brought against any Indemnitee, such Indemnitee shall give prompt notice thereof to Lessee, provided that failure to so notify Lessee shall not reduce Lessee’s obligations to indemnify any Indemnitee hereunder unless and only to the extent such failure results in additional liability on Lessee’s part. Lessee shall be entitled, at its expense, acting through counsel selected by Lessee (and reasonably satisfactory to such Indemnitee), to participate in, and, to the extent that Lessee desires to assume and control, in consultation with Indemnitee, the negotiation, litigation and/or settlement of any such Claim (subject to the provisions of the last sentence of subparagraph (c) of this Section 19.1). Such Indemnitee may (but shall not be obligated to) participate in a reasonable manner at its own expense (unless Lessee is not properly performing its obligations hereunder) and with its own counsel in any proceeding conducted by Lessee in accordance with the foregoing. If Lessee shall defend the Indemnitee in any such suit or proceeding, then, unless such Indemnitee shall determine (in its reasonable discretion) that a conflict of interest exists between Lessee and such Indemnitee, Lessee shall not be obligated to reimburse the Indemnitee for the cost of such Indemnitee’s attorneys’ fees or expenses incurred in connection with such suit or proceeding. (c) Each Indemnitee shall at Lessee’s expense supply Lessee with such information and documents reasonably requested by Lessee in connection with any Claim for which Lessee may be required to indemnify any Indemnitee under this Section 19.1. Unless a Lease Event of Default is continuing, no Indemnitee shall enter into any settlement or other compromise with respect to any Claim for which indemnification is required under this Section 19.1 without the prior written consent of Lessee. Lessee shall have the authority to settle or compromise any Claim against an Indemnitee hereunder, provided that no admission of wrongdoing shall be required of such Indemnitee and such Indemnitee shall be released of all liability in connection with any such Claim. (d) Upon payment in full of any Claim by Lessee pursuant to this Section 19.1 to or on behalf of an Indemnitee, Lessee, without any further action, shall be subrogated to any and all claims that such Indemnitee may have relating thereto (other than claims in respect of insurance policies maintained by such Indemnitee in at its own expense), and such Indemnitee shall execute such instruments of assignment and conveyance, evidence of claims and payment and such other documents, instruments and agreements as may be necessary to preserve any such claims and otherwise reasonably cooperate with Lessee to enable Lessee to pursue such claims. (e) Prior to paying any amount otherwise payable to an Indemnitee pursuant to this Section 19.1, Lessee shall be entitled to receive from such Indemnitee (i) a written statement describing the amount so payable, (ii) a general release from Indemnitee upon such payment with respect of to the claim made and (iii) such matters from a Person (other than the Lessor) unrelated additional information as Lessee may reasonably request and which is reasonably available to such IndemniteeIndemnitee to properly substantiate the requested payment. (f) Subject to the penultimate sentence of Section 19.1(a) above, Lessee’s liability hereunder shall in no way be limited or impaired by any act, including, without limitation, (i) any amendment or modification to any of the Lease Operative Documents, (ii) any waiver of any Lease Event of Default, default, or extension of time or any failure to enforce any remedies or rights of either Lessor or Indenture Trustee under the Lease Operative Documents, (iii) any sale or transfer of the Property, or (iv) any assignment of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Vistra Energy Corp), Lease Agreement (Vistra Energy Corp)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; provided that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct of Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning material claims, violations, regulations or enforcement relating to the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 2 contracts

Samples: Master Equipment Lease Agreement (Core Molding Technologies Inc), Master Equipment Lease Agreement (Core Materials Corp)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; provided, that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct of Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 2 contracts

Samples: Master Equipment Lease Agreement (Safety Components International Inc), Master Equipment Lease Agreement (Secom General Corp)

General Indemnification. (a) Subject to clauses clause (b) and (f) below, the Lessee will agrees to indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Delivery Date or after the Lease Expiration Date): (i) each Leased Property, each Sitethe Items of Equipment, the other Lessee Collateral or, in each case, or any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site the Items of Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interesttitle, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site the Items of Equipment or any interest therein or improvements improvements, additions or modifications thereto or the imposition of any Lien thereon, or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations and Regulations, including, without limitation, : Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Items of Equipment, the making of any Alterations alterations or modifications in violation of any standards imposed by any insurance policies polices required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Items of Equipment or any part thereof, and any Claim for patent, trademark or copyright infringement, infringement and Claims arising from any public improvements with respect to a Leased Property violations of any environmental noise or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feespollution control laws; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor or Agent pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party Lessee to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Sitethe Items of Equipment, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancyoperation, construction, repair or rebuilding of any Leased Property or any Site the Items of Equipment or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed alterations or modifications made by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled Claims related to credit against the Release from any payments due to an Indemnitee under this Section 7.1 both Item of Equipment of any substance into the environment, including (xwithout limitation) any insurance recoveries received by such Indemnitee in respect Claims arising out of the matters described herein under use of any Item of Equipment for the transportation or from insurance paid for by storage of any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeHazardous Material.

Appears in 2 contracts

Samples: Lease and Security Agreement (Lsi Logic Corp), Lease and Security Agreement (Lsi Logic Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any ----------------------- of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien other than a Lessor Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien other than a Lessor Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased the Property, any SiteImprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except with respect to any of the foregoing Lessor Liens and Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of Lessor's representation set forth in Section 6.1(a), the transactions contemplated by this Lease or by any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other -------------- Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein under or from insurance paid for by any Person other than in Section 4975(c) of the Indemnitee or Code; --------------- Section 26.1 shall be construed as an Affiliate thereof or assigned to indemnity only and not a guaranty of ------------ residual value of the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeProperty.

Appears in 2 contracts

Samples: Lease (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)

General Indemnification. (a) Subject to clauses (b) and (f) below, the Lessee will Borrower shall indemnify, defend and hold each Indemnitee harmlessBank and its Affiliates and the partners, on a Grossed-Up Basisdirectors, from officers, employees, agents, trustees, administrators, managers, advisors and against any representatives of Bank and all Claims its Affiliates (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documentseach, including, without limitation, payments limited to the applicable Recourse Deficiency Amountan “Indemnified Person”) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): harmless against: (i) each Leased Propertyall losses, each Siteclaims, damages, liabilities and related expenses (including Bank Expenses and the reasonable fees, charges and disbursements of any counsel for any Indemnified Person) (collectively, “Claims”) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Lessee Collateral orperformance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, in each case, any part thereof; (ii) any Credit Extension or the use or proposed use of the Operative Documents proceeds therefrom, (iii) any actual or alleged presence or release of hazardous materials on or from any property owned or operated by Borrower or any of the transactions contemplated therebyits Subsidiaries, or any investigationenvironmental liability related in any way to Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, enforcement investigation or proceeding in connection therewithrelating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by Borrower, and regardless of whether any amendmentIndemnified Person is a party thereto; provided that such indemnity shall not, modification or waiver in respect thereof; (iii) the regulation of the ownershipas to any Indemnified Person, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only be available to the extent that the Indemnitee is subjected to such regulation as losses, claims, damages, liabilities or related expenses are determined by a result court of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed competent jurisdiction by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, final and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed nonappealable judgment to have been furnished to resulted from the Lessee, gross negligence or any willful misconduct of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claimsuch Indemnified Person. Lessee shall be entitled to credit against any payments All amounts due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee11.3 shall be payable promptly after demand therefor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Beamr Imaging Ltd.), Loan and Security Agreement (Innovid Corp.)

General Indemnification. (a) Subject Each of ChoicePoint and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) a the breach by the ChoicePoint or any Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant by any Operative Document (without giving effect to any Operative Documentexception in any representation based on knowledge or on the absence of a Material Adverse Effect); (vid) the retaining or employment of any broker, finder or financial advisor by ChoicePoint or any Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (e) the existence of any Lien (other than a Lessor Lien) on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by the any Lessee, except except, in all cases, the Liens described in favor item (a) of the Lessee or the Lessor, but expressly excluding any Lessor definition of Permitted Liens; and; (viif) the transactions contemplated hereby or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; (g) any Environmental Claim. act or omission by ChoicePoint or any Lessee under any Purchase Agreement or any other Operative Document, or any breach by ChoicePoint or any Lessee of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement, IDB Documentation or Ground Lease; or (h) any IDB Documentation; provided, however, neither ChoicePoint nor any Lessee shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any Claim to the extent that such Claim results from (xcollectively, "Excepted Claims"): (1) any insurance recoveries received representation or warranty by such Indemnitee in respect the Operative Documents being incorrect; (2) the willful misconduct or gross negligence of, or the violation of any law, rule or regulation binding upon such Indemnitee unless such violation was caused by some performance or nonperformance on the part of a Lessee; (3) the failure on the part of the matters described herein Lessor or the Agent to distribute in accordance with this Master Agreement or any other Operative Document any amounts received and distributable by it under or from insurance paid for the Operative Documents; (4) Lessor Liens; (5) the voluntary transfer by any Person Indemnitee, other than in accordance with the Indemnitee Operative Documents or an Affiliate thereof in connection with the exercise of rights, powers or assigned remedies under any of the Operative Documents, of any Leased Property or any interest therein; or (6) claims from any acts or omissions occurring after the latest of the Lease Termination Date, the sale of the Leased Property to a Person not affiliated with a Lessee pursuant to the Lessor Lease, the termination of the obligations of the Construction Agent under the Construction Agency Agreement, or the final indefeasible repayment to the Funding Parties in full of the Lease Balance; and, provided, further, that with respect to each Construction Land Interest, each Lessee's indemnity obligations with respect to such Leased Property shall be governed solely by Section 3.3 of the Lessee Construction Agency Agreement during the Construction Term therefor. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 2 contracts

Samples: Master Agreement (Choicepoint Inc), Master Agreement (Choicepoint Inc)

General Indemnification. (a) Subject Without limitation on the rights of any Indemnitee under any other indemnification set forth in this Article XIII, whether or not any of the transactions contemplated hereby shall be consummated, Lessee shall pay and assume liability for, and does hereby agree to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold keep harmless each General Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such General Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such General Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article XIII or such General Indemnitee is shall also be indemnified as to any such matter Claim by any other Person Person, and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each casecase under this Section 13.1(a), arising out of or in any part thereof;way relating to: (ii1) any of the Operative Documents or Documents, any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii2) the regulation of Leased Property, or any part thereof or interest therein; (3) the ownershippurchase, manufacturing, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to Sections 15.1 or 16.2 of the Lease or any sale or transfer pursuant to Articles XVIII, rentalXX or XXI of the Lease), use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each any interest in the Leased Property or any product produced therewith, each the Site or the imposition of any interest therein Lien (or improvements thereto incurring of any liability to refund or the failure to perform or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising under the Purchase Agreement or any other agreements or obligations relating to the acquisition of the Site or from any violation of law or in tort (strict liability or otherwise) by Lessee, Administrative Agent, Lessor, any Participant or any other Person or with respect to the use, operation or maintenance of the Leased Property or the Site, (ii) loss of or damage to the environment (including, without limitation, investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigating action required by or under any Environmental Laws, (iii) any Claim resulting from or related to latent or other defectsdefects in the Leased Property, whether or not discoverable, (iv) any Claims resulting from the existence or Release of any Hazardous Substance at or from the Leased Property or the Site, (v) any Claim resulting from or related to the purchase, acquisition, lease or transfer of the Leased Property, (vi) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a the Site, (vii) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or the Site or any part thereof, or (viii) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v4) a breach the offer, issuance, sale, transfer or delivery of the Notes or Lessor Amount in accordance with the terms of this Participation Agreement; (5) any inaccuracy of any representation or warranty made by the Lessee of or any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) Subsidiaries in any Operative Document or in any certificate delivered by it with respect to any of the Operative Documents; (6) the transactions contemplated hereby or by any other document delivered Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code other than as a result of a breach of the representation set forth in Section 8.1(d) hereof; (7) the retaining or employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to act on its behalf in connection with this Participation Agreement; or (8) any Operative Document, other agreement entered into or the occurrence of any Default assumed by Lessee or Event of Default, or the material inaccuracy of any information provided by any such party to any third party its Affiliate in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee(including, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect connection with each of the matters described herein under in this Section 13.1 to which this indemnity shall apply, matters based on or arising from insurance paid for by the negligence of any Person other than the Participant Indemnitee or an Affiliate thereof any General Indemnitee). It is expressly understood and agreed that the indemnities provided for herein shall, except as otherwise provided herein, (i) survive the expiration or assigned to termination of and shall be separate and independent from any remedy under the Lessor by the Lessee Lease or any other Operative Document and (yii) any other indemnity amount received by such Indemnitee in respect continue to benefit a Participant that has been replaced pursuant to Section 14.9 hereof or a Lender whose interest is purchased pursuant to Section 2.10 of such matters from a Person (other than the Lessor) unrelated to such IndemniteeLoan Agreement.

Appears in 2 contracts

Samples: Participation Agreement (Regeneron Pharmaceuticals Inc), Participation Agreement (Regeneron Pharmaceuticals Inc)

General Indemnification. (a) Subject Lessee hereby assumes liability for, and does hereby agree, and shall require any Permitted Sublessee or assignee to clauses (b) and (f) belowagree, the Lessee will to indemnify, defend protect, save, defend, and hold each Indemnitee harmless, on a Grossed-Up Basis, harmless the Indemnitees from and against any and all Claims obligations, fees, liabilities, losses, damages, claims, demands, actions, suits, judgments, costs and expenses, including reasonable legal expenses of every kind and nature whatsoever (which may include collectively, "Expenses") imposed on, incurred or suffered by, or asserted against any Indemnitee, in any way relating to, based on or arising out of: (i) this Lease and any other document entered into in connection with this Lease or any Permitted Sublease or transfer or any transactions contemplated hereby or thereby; (ii) the outstanding Lease Balance ordering, purchase, documentation, importation, exportation, acceptance or rejection, manufacture, construction, design, condition, modification, airworthiness, alteration, registration, fitness for use, merchantability, ownership, improvement, insuring, titling or retitling, registration or re-registration, licensing, financing, refinancing, delivery, non-delivery, control, transportation, testing, overhaul, repair, imposition of any Lien, leasing, re-leasing, possession, use, operation, maintenance, location, storage, removal, replacement, return, sale, abandonment, any transfer of any kind or other disposition of the Aircraft, or any portion thereof subject (including the Airframe and each Engine or any engine used with the Airframe), or otherwise in connection with or with respect to the transactions contemplated by this Lease, whether or not such ordering, purchase, documentation, importation, exportation, acceptance or rejection, manufacture, construction, design, condition, modification, airworthiness, alteration, registration, fitness for use, merchantability, ownership, improving, insuring, titling or retitling, registration or re-registration, licensing, financing, refinancing, delivery, non-delivery, control, transportation, testing, overhaul, repair, imposition of any limitations set forth Lien, leasing, re-leasing, possession, use, operation, maintenance, location, storage, removal, replacement, return, sale, abandonment, any transfer of any kind or other disposition is in compliance with the Operative Documentsterms of this Lease, including, without limitation, payments limited any of such as may arise from (i) loss or damage, loss or harm to the applicable Recourse Deficiency Amount) that directly any property or indirectly relate to, result from or arise out death of or are alleged injury to relate toany person, result from (ii) patent or arise out of latent defects in the Aircraft or any of the following portion thereof (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Propertydiscoverable), each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownershipany claims based on strict liability in tort or otherwise, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim claims based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for on patent, trademark or copyright infringement, and Claims (v) any claims based on liability arising from under any public improvements applicable environmental or noise or pollution control law or regulation; (iii) any breach or failure on the part of Lessee or any Permitted Sublessee to perform, observe or comply with any of the terms of this Lease, or the falsity or inaccuracy of any representation or warranty of Lessee under this Lease or any other instrument or agreement executed in connection with this Lease which falsity has a material and adverse effect on the Indemnitee; or 38 (iv) the enforcement by Lessor of the terms of this Lease. (b) Lessee agrees that any payment or indemnity pursuant to this Section 12.1 in respect of any Expenses shall be in an amount which, after deduction of all Taxes required to be paid by the recipient with respect to such payment or indemnity under the laws of any federal, state or local government or taxing authority in the United States, or under the laws of any taxing authority or governmental subdivision of a Leased Property foreign country, or any territory or possession of the United States or any international authority, shall be equal to the excess, if any, of (i) the amount of such Expense, over (ii) the net reduction in Taxes required to be paid by such recipient by reason of the accrual or payment of such Expense. For purposes of the foregoing, it shall be assumed that each Indemnitee is subject to tax at the highest marginal rate imposed on or measured by the income of corporations in each applicable taxing jurisdiction. (c) Lessee shall give each Indemnitee prompt notice of any occurrence, event or condition known to Lessee as a Site resulting consequence of which any Indemnitee may be entitled to indemnification hereunder. Lessee shall forthwith upon demand of any such Indemnitee reimburse such Indemnitee for reasonable expenses actually incurred by it in connection with any of the foregoing or pay such amounts directly. (d) Lessee shall be subrogated to an Indemnitee's rights in any change matter with respect to which Lessee has actually reimbursed such Indemnitee for amounts expended by it or special assessments being levied against has actually paid such Leased Property or such Site or any plans amounts directly pursuant to modify, widen or realign any street or highway adjacent this Section 12.1. Lessee shall not be entitled to any Leased Property or any Claim exercise its subrogation rights hereunder for utility “tap-in” fees;so long as an Event of Default has occurred and is continuing hereunder. (ve) In case any action, suit or proceeding is brought against any Indemnitee in connection with any Expense indemnified against hereunder, such Indemnitee shall, promptly after receipt of notice of the commencement of such action, suit or proceeding, notify Lessee thereof, enclosing a breach by copy of all papers served upon such Indemnitee; provided that the failure to provide such notice shall not release Lessee of from any of its covenants under any Operative Documentobligations to indemnify hereunder, except to the extent that such failure precludes Lessee's ability to defend or resist such action. Lessee may, provided that Lessee has acknowledged in writing its responsibility for such Expense hereunder, and upon such Indemnitee's request shall, at Lessee's expense, resist and defend such action, suit or proceeding, or a misrepresentation cause the same to be resisted or defended by the Lessee (including any omission counsel selected by Lessee that makes and reasonably satisfactory to such Indemnitee (provided such claim relates solely to one or more Expenses or can be severed from other claims; if not, Lessee shall be consulted by such Indemmitee and be allowed, at Lessee's sole cost and expense, to participate therein) and in the event of any representation made failure by Lessee materially misleadingto do so, Lessee shall pay all costs and expenses (including, without limitation, reasonable legal expenses, including but not limited to attorney's fees and expenses) in any Operative Document or in any certificate or other document delivered incurred by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party Indemnitee in connection with the preparation by such third party action, suit or proceeding. (f) Provided that no Event of Default has occurred and is continuing, no Indemnitee shall enter into a report settlement or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or compromise with respect to any Leased PropertyExpense without the prior written consent of Lessee so long as (i) Lessee has agreed in a writing acceptable to such Indemnitee that Lessee is liable to such Indemnitee for such Expense hereunder, and (ii) Lessee 39 has provided such evidence, certifications and assurances as such Indemnitee may reasonably request that Lessee has the ability to promptly pay any Sitesuch Expense in full. (g) Lessee's obligations under the indemnities provided for in this Agreement shall be those of a primary obligor, title thereto, any interest therein whether or any Basic Rent or Supplemental Rent, including any Liens which arise out of not the possession, use, occupancy, construction, repair or rebuilding Person indemnified shall also be indemnified with respect to the same matter under the terms of any Leased Property other document or instrument, and the Person seeking indemnification from Lessee pursuant to any Site or by reason provision of labor or materials furnished or claimed this Agreement may proceed directly against Lessee without first seeking to have been furnished to the Lessee, or enforce any other right of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andindemnification. (viih) any Environmental Claim. The obligations of Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect 12.1 shall survive the expiration or earlier termination of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemniteethis Lease.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)

General Indemnification. (a) Subject Each of ADESA and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (PROVIDED that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.or

Appears in 1 contract

Samples: Master Agreement (Allete Inc)

General Indemnification. (a) Subject Each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein, including any Ground Lease, and any IDB Documentation; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the related Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the related Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by any Lessee; (e) the breach or alleged breach by the any Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by any Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (g) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by the any Lessee, except in all cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. act or omission by any Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement, IDB Documentation or Ground Lease; 44 provided, however, the Lessees shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received by Claim to the extent that such Claim results from the willful misconduct, gross negligence or misrepresentation of such Indemnitee, (2) any Claim resulting from Lessor Liens which the Lessor Indemnitee in respect Group is responsible for discharging under the Operative Documents, or (3) any Claim to the extent attributable to events occurring after the return of all of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned Leased Properties to the Lessor by in accordance with the Lessee Leases. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Dollar General Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated therebythereby or any violation thereof, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, therewith and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease, any permitted sublease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 17.2(c), 17.2(e), 17.2(h) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, except for any amounts payable pursuant to Section 13.2 hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased or any interest in the Property or any product produced therewith, each Site or any interest therein or improvements thereto portion thereof or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law foreign, federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise)) arising in connection with the Property, the Operative Documents or the transactions contemplated thereunder, including Claims made by invitees of Lessee or any assignee or any sublessee of Lessee or any assignee, or by any other Person entering on or in the Property, (2) latent or other defectsdefects in, to or affecting the Property, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of the Lease or any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to the Property, (7) Claims based on violations or failure of title arising in connection with the zoning ordinances, rules, regulations or laws applicable to the Property, and (8) any Leased Claim resulting from or related to the leasing or subleasing of the Property or the construction of any Claim for utility “tap-in” feesof the Improvements, and any amendment, modification or waiver in respect thereof; (vd) a the offer, issuance or sale of the Participation Interests or any interest therein in accordance with the terms of the Operative Documents; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee or any Affiliate to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Siteof the Improvements, title theretothe Equipment, any interest therein or the Lease, the Cash Collateral, any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations any Improvements or Modifications constructed by the LesseeLessee or any sublessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (viih) the transactions contemplated hereby, by the Lease or by any Environmental Claim. other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant other than the Tranche Y Participant); or (i) the purchase of the Property or any portion thereof by the Lessor, or any matters arising therefrom or related thereto; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Imposition or other claims for Taxes of the type(s) described in Section 13.5, (4) any Claims of the type(s) described in Sections 13.2, 13.3, 13.6, 13.7, 13.8 and 13.10 or (5) with respect to any Indemnitee, any Claims arising from the breach by such Indemnitee in respect of the matters described herein its express obligations under or from insurance paid for by any Person Operative Document, other than the Indemnitee any such breach caused by or an Affiliate thereof or assigned attributable to the Lessor by Lessee's actions or failure to act. It is expressly understood and agreed that the Lessee indemnity provided for herein shall survive the expiration or termination of and (y) shall be separate and independent from any remedy under the Lease or any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Yahoo Inc)

General Indemnification. (a) Subject Whether or not any of the transactions contemplated hereby shall be consummated, Lessee shall pay and assume liability for, and does PARTICIPATION AGREEMENT hereby agree to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold each Indemnitee keep harmless, on a Grossedan After-Up Tax Basis, each Indemnitee from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article IX or such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and Person, whenever such Claim arises or accrues, including whether or not such Claim arises or accrues at any time prior to the Closing Date or after the Lease Expiration Maturity Date):, in any way arising out of or relating to: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and or any amendment, modification or waiver in respect thereof; (iiib) the regulation of Properties, the ownershipLand, the Improvements or any part thereof or interest therein; (c) the purchase, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to the Lease), rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in any Property, the Land or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (ii) any Claim resulting from or related to latent or other defects, whether or not discoverable, (iii) any Claim resulting from or related to the acquisition of any Site or Construction thereon, (iv) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Siteany Property, (v) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to this Participation Agreement, the Lease or the Construction Agency Agreement which policies are in effect at any time with respect to a Leased any Property or any part thereof, (vi) any Claim for patent, trademark or copyright infringement, and (vii) Claims arising from any public improvements with respect to a Leased Property or a any Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property such Site, or any Claim for utility "tap-in" fees, or (viii) claims arising from any agreement, arrangement or instrument executed to fulfill, or enhance, develop or facilitate the construction, development or operation of the Properties; (vd) a the offer, issuance, sale, transfer or delivery of the Investor Certificates by Lessor; (e) the breach by the Lessee Lessee, including in its role as a Construction Agent, of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party it in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Documenttherewith; (vif) the existence of any Lien on contract or with respect to any Leased Propertyagreement entered into by Construction Agent, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors respective designees or agents or by reason Affiliates or, if so requested, Lessor, pursuant to the terms of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.Construction Agency Agreement;

Appears in 1 contract

Samples: Participation Agreement (Human Genome Sciences Inc)

General Indemnification. (a) Subject The Company covenants and agrees to clauses (b) and (f) below, the Lessee will indemnify, defend defend, protect and hold harmless the Indemnified Parties from, against and in respect of all Losses that may be suffered, sustained, incurred or paid by any Indemnified Party, whether or not involving a third party claim, in each Indemnitee harmlesscase in connection with, resulting from or arising out of, directly or indirectly: (i) the inaccuracy or breach of any representation or warranty made by the Company in this Agreement or in any other agreement or other document delivered in connection with this Agreement or the consummation of the transactions contemplated hereby; (ii) the non-fulfillment or breach of any covenant or agreement on a Grossed-Up Basisthe part of the Company in this Agreement or in any other agreement or other document delivered in connection with this Agreement or the consummation of the transactions contemplated hereby; (iii) the existence of, from and against or the failure of the Company to pay, perform or discharge when due, any Liability; (iv) any Excluded Asset; (v) any act or omission of the Company or any Representative of the Company on or prior to the Closing Date; (vi) any and all Claims (which may include the outstanding Lease Balance Liabilities resulting from any litigation, suit, proceeding, action, claim, demand or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited investigation pending or threatened related to the ownership or use of the Purchased Assets by the Company or the conduct of the Business by the Company; (vii) the bulk transfer or bulk sales provisions of any applicable Recourse Deficiency Amountlaw; (viii) that directly any and all Liabilities for Taxes in connection with or indirectly relate to, result from or arise arising out of or are alleged to relate to, result from or arise out of any the ownership of the following (whether Purchased Assets on or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration operation of the Business on or prior to the Closing Date): ; (iix) each Leased Propertyany and all Liabilities in connection with or arising out of the employment or engagement, each Siteor termination of employment or engagement, of any person employed or engaged by the Lessee Collateral or, in each caseCompany at any time, any part thereof; (ii) any act or omission of the Operative Documents or any Company prior to the Closing Date which by virtue of the transactions contemplated thereby, TUPE Regulations is deemed to be an act or any investigation, litigation, enforcement omission of the Purchaser or proceeding in connection therewithrelation to which liability transfers to the Purchaser, and any amendment, modification or waiver in respect thereof; claim relating to either Party’s failure to comply with its obligations to inform and/or consult under the TUPE Regulations; and (iiix) enforcing the regulation Indemnified Party’s rights hereunder. The indemnification provided hereunder will terminate twenty one (21) days after publication of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only liquidator’s notice to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement creditors published in the transactions contemplated in London Gazette so long as the Operative Documents; (iv) the offerCompany has complied with Section 5.4, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee provided that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or indemnification shall survive with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed claims arising prior to have been furnished such date to the Lessee, extent such claim is made on or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by before such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemniteedate.

Appears in 1 contract

Samples: Asset Purchase Agreement (AmpliPhi Biosciences Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien other than a Lessor Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien other than a Lessor Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased the Property, any SiteImprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.any

Appears in 1 contract

Samples: Lease (Brookdale Living Communities Inc)

General Indemnification. (a) Subject to clauses (b) Lessee shall indemnify and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmlessLessor, on a Grossed-Up Basis, its successors and Assignees harmless from and against any and all Claims liabilities, obligations, losses, damages, claims and all costs and expenses thereof (which may include including attorney fees and expenses) in any way relating to or arising out of this Agreement, any Schedule or the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative DocumentsEquipment, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate topurchase, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, constructiontransportation, delivery, installation, leasing, use possession, use, operation, maintenance, storage and return of such Equipment, howsoever arising, in connection with any event occurring prior to receipt of such Equipment by Lessor. Lessee shall give Lessor, its successors or operation Assignees prompt notice of each Leased Propertyany occurrence, each Site event or condition in connection with which Lessor, its successors or Assignees may be entitled to indemnification pursuant to the provisions of this Section 14. The provisions of this Section 14 shall survive the termination of this Agreement and of any Schedule. 15. NO LESSEE SUBLEASE; ASSIGNMENT; MERGER. a) LESSEE SHALL NOT ASSIGN OR IN ANY WAY DISPOSE, OR OTHERWISE RELINQUISH POSSESSION OR CONTROL, OF ALL OR ANY PART OF ITS RIGHTS OR OBLIGATIONS UNDER THIS AGREEMENT OR ANY SCHEDULE OR ENTER INTO ANY SUBLEASE OF ALL OR ANY PART OF THE EQUIPMENT WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF LESSOR. b) Except upon the express written consent of Lessor, Lessee shall not: (i) enter into any transaction of merger or consolidation or any part thereof, but only to commitment with respect thereto; (ii) permit any substantial change in the extent that the Indemnitee is subjected to such regulation as a result of its being a party to ownership or beneficiary control of the Operative Documents capital stock of Lessee; or (iii) change the form or organization of the business of Lessee. 16. LESSOR ASSIGNMENT. Lessor may, to any person or entity (each such person or entity an "Assignee") without notice to Lessee, assign or sell its involvement in the transactions contemplated in the Operative Documents; (iv) the offerinterest in, financing, refinancing, inspection, mortgaging, pledging, granting of grant a security interest in, designor otherwise transfer, manufacturein whole or in part to any person or entity (each such person or entity an "Assignee"), constructionthis Agreement, purchaseone or more Schedules, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer any or all of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all the Equipment or any part of each Leased Property its rights, interests or any product produced therewithobligations with respect thereto, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims all Rent and other sums due or penalties arising to become due under any Schedule to one or more persons or entities. Upon notice thereof from Lessor, Lessee shall pay Rent to an Assignee. Lessee acknowledges that any violation such assignment or transfer by Lessor will not materially impair Lessee's prospect of law obtaining return performance by Lessor, materially change Lessee's duties or obligations under the affected Schedule, nor materially increase the burdens or risks imposed on Lessee, and Lessee further agrees that any such assignment or transfer shall be permitted even if the same could be deemed to materially affect the interests of Lessee. LESSEE SHALL NOT ASSERT AGAINST ANY ASSIGNEE ANY CLAIM, DEFENSE, COUNTERCLAIM OR SET-OFF THAT LESSEE MAY AT ANY TIME HAVE AGAINST LESSOR. 17. PROVISIONAL SECURITY AGREEMENT. This Agreement and all the Schedules are intended by the Parties to be a "lease" as that word is used and defined in Section 1-201(37) and in Section 2A-103(1)(j) of the Uniform Commercial Code as adopted and in effect in the State of Ohio respectively in Chapters 1301 and 1310 of the Ohio Revised Code. Further, this Agreement and all the Schedules are intended by the Parties to be a "true lease" and not a disguised sale. In the event that it is determined at any time in any legal proceeding that any of the Equipment is not subject to a true lease and or that the ownership, or title to any, of the Equipment is not held by and or in tort Lessor, then Lessee herewith grants to Lessor a security interest in all the Equipment subject to this Agreement and every Schedule (strict liability any and all amendments thereto) and all proceeds thereof to secure the performance of all obligations of whatever kind or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation nature due by Lessee to Lessor under this Agreement and every Schedule. 18. EVENTS OF DEFAULT. Each of the terms following shall constitute an "Event of Default." a) Lessee fails to make any payment of Rent or of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed amount payable by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are this Agreement or any Schedule when due and such nonpayment continues for a period of five (5) calendar days after written notice of such nonpayment by Lessor to Lessee; b) Lessee fails to perform or observe any other term, covenant or condition of this Agreement or of any Schedule or any other agreement with Lessor and such failure shall continue for a period of ten (10) calendar days after written notice of such failure by Lessor to Lessee; c) Any representation or warranty made by Lessee in effect this Agreement or in any Schedule or in any other writing shall be false or misleading at any time with respect in any material respect; d) Lessee ceases doing business as a going concern or transfers all or a substantial part of its assets; or Lessee becomes or is adjudicated insolvent or bankrupt, admits in writing its inability to a Leased Property pay its debts as they become due, or makes an assignment for the benefit of creditors; or Lessee applies for, or consents to, the appointment of any receiver, trustee or similar officer for it or for all or any substantial part thereofof its property; or such receiver, trustee or similar officer is appointed without the consent of Lessee; or Lessee institutes any Claim bankruptcy, insolvency, reorganization, moratorium, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding relating to it under the laws of any jurisdiction, or any such proceeding is instituted against Lessee and is not dismissed within thirty (30) days; or any judgment, writ, warrant or attachment or execution of similar process is issued or levied against a substantial part of Lessee's property and remains unsatisfied for patentthirty (30) days; or Lessee has its articles of incorporation, trademark charter or copyright infringement, and Claims arising from any public improvements with respect right to a Leased Property or a Site resulting do business in any change state revoked, suspended, terminated or special assessments being levied against such Leased Property or such Site or any plans otherwise changed; e) Lessor deems itself to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the be insecure. Lessee shall promptly notify Lessor of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.

Appears in 1 contract

Samples: Master Equipment Lease Agreement

General Indemnification. (a) Subject Whether or not the transactions contemplated hereby are consummated, to clauses (b) the fullest extent permitted by Applicable Laws and (f) belowRegulations, the Lessee will hereby assumes liability for and agrees to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan after-Up Basis, tax basis (in accordance with Section 7.4) from and against against, any and all Claims of every kind and nature whatsoever that may be imposed on, incurred by, or asserted against any Indemnitee, which are not directly and primarily caused by (which may i) the fraud, gross negligence or willful misconduct of such Indemnitee (provided that the indemnification provided under this Section 7.1 shall specifically include matters based on or arising from the outstanding Lease Balance negligence of any Indemnitee), (ii) the breach by such Indemnitee of any representation, warranty or any portion thereof subject to any limitations covenant set forth in any Operative Document or (iii) the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out violation by such Indemnitee of any of the following (Applicable Laws and Regulations, whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Delivery Date or after the Lease Expiration Date):, and which relates in any way to or arises in any way out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Acquired Property or any Part thereof or interest therein; (c) the ownershipacquisition, mortgaging, design, manufacture, re-manufacture, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, transportation, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site registration or any part thereofre-registration, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, operation, condition, financing, refinancing, inspectionsale (including, mortgagingwithout limitation, pledgingany sale pursuant to the Lease), granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all the Units or any part of each Leased Property Unit or any product produced therewith, each Site or any interest therein or improvements thereto Part thereof or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of any Lien) on any of the foregoing in accordance with the requirements of the Operative DocumentsUnits, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, (i) Claims or penalties arising from any violation of law Applicable Laws and Regulations or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including, without limitation, investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iv) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) the sale or other disposition of any of the Acquired Property, including, without limitation, any disposition pursuant to the Sale Option, Purchase Option or as a result of the exercise of remedies; (e) the offer, issuance, sale or delivery of the Certificates or the Notes; (f) the breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vig) the existence transactions contemplated hereby or by any other Operative Document in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; (h) any Claims related to the Release from any Unit of any Lien substance into the environment, including (without limitation) Claims arising out of the use of any Unit for the transportation or storage of any Hazardous Material; (i) any failure on the part of Lessee to perform or comply with any of the terms of any Operative Document; or (j) any other agreement entered into or assumed by Lessee in connection with any Unit. It is expressly understood and agreed that this Section 7.1 shall not apply to Claims in respect of: (A) Taxes (such Claims being subject to Section 7.2), except with respect to (1) taxes or penalties included in Claims described in clause (g) above, and (2) any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed payment necessary to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens make payments under this Section 7.1 in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liensaccordance with Section 7.4; and (viiB) any Environmental Claim. Lessee shall be entitled to credit against any payments due as to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by Indemnitee, Certificate Trustee Liens which such Indemnitee in respect of is responsible for discharging under the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Documents.

Appears in 1 contract

Samples: Participation Agreement (Ferrellgas Partners Finance Corp)

General Indemnification. (a) Subject Without limitation on the rights of any Indemnitee under any other indemnification set forth in this Article XIII, whether or not any of the transactions contemplated hereby shall be consummated, Lessee shall pay and assume liability for, and does hereby agree to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold keep harmless each General Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such General Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such General Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article XIII or such General Indemnitee is shall also be indemnified as to any such matter Claim by any other Person Person, and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each casecase under this Section 13.1(a), arising out of or in any part thereof;way relating to: (ii1) any of the Operative Documents or Documents, any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii2) the regulation of Leased Property, or any part thereof or interest therein; (3) the ownershippurchase, manufacturing, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to Sections 15.1 or 16.2 of the Lease or any sale or transfer pursuant to Articles XVIII, rentalXX or XXI of the Lease), use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each any interest in the Leased Property or any product produced therewith, each the Site or the imposition of any interest therein Lien (or improvements thereto incurring of any liability to refund or the failure to perform or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising under the Purchase Agreement or any other agreements or obligations relating to the acquisition of the Site or from any violation of law or in tort (strict liability or otherwise) by Lessee, Administrative Agent, Lessor, any Participant or any other Person or with respect to the use, operation or maintenance of the Leased Property or the Site, (ii) loss of or damage to the environment (including, without limitation, investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigating action required by or under any Environmental Laws, (iii) any Claim resulting from or related to latent or other defectsdefects in the Leased Property, whether or not discoverable, (iv) any Claims resulting from the existence or Release of any Hazardous Substance at or from the Leased Property or the Site, (v) any Claim resulting from or related to the purchase, acquisition, lease or transfer of the Leased Property, (vi) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a the Site, (vii) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or the Site or any part thereof, or (viii) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v4) a breach the offer, issuance, sale, transfer or delivery of the Rent Assignment Contributions or Lessor Amount in accordance with the terms of this Participation Agreement; (5) any inaccuracy of any representation or warranty made by the Lessee of or any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) Subsidiaries in any Operative Document or in any certificate delivered by it with respect to any of the Operative Documents; (6) the transactions contemplated hereby or by any other document delivered Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code other than as a result of a breach of the representation set forth in Section 8.1(d) hereof; (7) the retaining or employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to act on its behalf in connection with this Participation Agreement; or (8) any Operative Document, other agreement entered into or the occurrence of any Default assumed by Lessee or Event of Default, or the material inaccuracy of any information provided by any such party to any third party its Affiliate in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee(including, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect connection with each of the matters described herein under in this Section 13.1 to which this indemnity shall apply, matters based on or arising from insurance paid for by the negligence of any Person other than the Participant Indemnitee or an Affiliate thereof any General Indemnitee). It is expressly understood and agreed that the indemnities provided for herein shall, except as otherwise provided herein, (i) survive the expiration or assigned to termination of and shall be separate and independent from any remedy under the Lessor by the Lessee Lease or any other Operative Document and (yii) any other indemnity amount received by such Indemnitee in respect of such matters from continue to benefit a Person (other than the Lessor) unrelated Participant that has been replaced pursuant to such IndemniteeSection 14.9 hereof.

Appears in 1 contract

Samples: Participation Agreement (Regeneron Pharmaceuticals, Inc.)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereofthereof entered into or acknowledged by the Lessee; (iiib) the regulation of Leased Assets or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in any Leased Asset or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a SiteAsset, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a any Leased Property Asset or any part thereof, (5) any Claim for patent, trademark or copyright infringement, (6) Claims which would otherwise be covered by insurance policies of the Lessee, as required by Article XVII, and (7) Claims arising from any public improvements with respect to a Leased any Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased PropertyAsset, any Site, title thereto, any interest therein Capitalized Interest or any Basic Base Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site Asset or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of Lessor's representation set forth in Section 6.1(a), the transactions contemplated by this Lease or by any Environmental Claim. other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975 (c) of the Code; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 26.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Base Term and the return or remarketing of any Leased Asset so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described herein under Operative Documents, (4) any Claim arising from a breach or from insurance paid for alleged breach by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by of any agreement entered into in connection with the Lessee assignment or participation of Rent and (y5) any other indemnity amount received by such Indemnitee in respect of such matters Claim arising from a Person (other than the Lessor) unrelated 's or any other Indemnitee's violation of any state or federal law or regulation relating to such Indemniteebanking or the offer or sale of securities. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under this Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 26.1, this Section 26.1 shall be construed as an indemnity only and not a guaranty of residual value of any Leased Asset.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Rite Aid Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or ---------------------------------------------------------------- any sale pursuant to Articles XX or XXII of the -------------------------- Lease, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the ----- Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) the offer, issuance or sale of the Participation Interests, provided that (i) the Lessor shall not be entitled to indemnification under this -------- clause (d) if it shall have been determined by a court of competent jurisdiction ---------- to have breached its representation set forth in Section 8.1(h), (ii) no -------------- Participant shall be entitled to indemnification under this clause (d) if it ---------- shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.2(f) and (iii) neither the Lessor nor -------------- any Participant shall be entitled to indemnification under this clause (d) with ---------- respect to any Claim which a court of competent jurisdiction determines to have arisen out of the gross negligence or willful misconduct of the Lessor, the Agent or any Participant or its agents, employees or contractors (other than the Lessee) or any misrepresentation of a material fact made by the Lessor, the Agent or such Participant, unless the misrepresentation was made in reliance upon and in conformity with information furnished to the Lessor or such Participant, as applicable, by the Lessee or its agents, employees or contractors; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (viih) the transactions contemplated by the Lessee hereby or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant); or (i) the Existing Financing, any documentation relating thereto, the Existing Participants, the Existing Owner, or the purchase of the Property by the Lessor, or any matters arising therefrom or related thereto; provided, -------- however, the Lessee shall not be required to indemnify (x) the Lessor for any ------- Claim to the extent arising from any misrepresentation by the Lessor under Section 8.1 (e) or (l) or from the failure by the Lessor to comply with Section ---------------------- ------- 10.3(a), or (y) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: ------- ------------ (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee its agents, employees or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person contractors (other than the LessorLessee and its agents, employers or contractors) unrelated (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such IndemniteeClaim), (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the termination of the Lessee's right to possess and control the Property (but not any claim to the extent attributable to acts or events occurring prior to or during the Term or occurring at any time that the Lessee is in actual possession or control of the Property), (4) any Imposition or other claims for Taxes, and (5) any Claims of the type(s) described in Sections 13.2 (only with ------------- respect to claims in respect of a decline in the Fair Market Sales Value of the Property as a result of an event described in Section 13.2(b) and the Lessee's --------------- exercise of the Remarketing Option), 13.6, 13.7, 13.8 and 13.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non- delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessee; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent, the Lease Participant or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement; (g) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. act or omission by the Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed; (the foregoing being collectively called the "Indemnified Risks"); provided, however, that no Indemnitee shall be entitled to credit against indemnity (or any payments due other payment or reimbursement) for any Indemnified Risks to an Indemnitee under this Section 7.1 both the extent such Indemnified Risks result from or arise out of one or more of the following (xcollectively, "Excepted Claims"): (1) any insurance recoveries received representation or warranty by such Indemnitee in respect the Operative Documents being incorrect; (2) the willful misconduct or gross negligence of, or the violation of any law, rule or regulation binding upon such Indemnitee unless such violation was caused by some performance or nonperformance on the part of the matters described herein under or from insurance paid for by any Person other than Lessee; (3) the Indemnitee or an Affiliate thereof or assigned to failure on the part of the Lessor by or the Lessee and (y) Agent to distribute in accordance with this Agreement or any other indemnity amount Operative Document any amounts received and distributable by such Indemnitee in respect of such matters it under the Operative Documents; (4) claims arising from a Person Liens (other than Permitted Liens) created by any Indemnitee or anyone claiming by, through or under any Indemnitee and are not related to the Lessortransactions contemplated by the Operative Documents or are voluntarily created or granted in violation of the terms of the Operative Documents (in each case other than through the acts or omissions of the Lessee whether or not in its capacity as the Lessee or as the Construction Agent); (5) unrelated the voluntary transfer by any Indemnitee, other than in accordance with the Operative Documents or in connection with the exercise of rights, powers or remedies under any of the Operative Documents, of any Leased Property or any interest therein; or (6) claims from any acts or omissions occurring after the latest of the Lease Termination Date, the sale of the Leased Property to such Indemniteea Person not affiliated with the Lessee pursuant to the Lease, the termination of the obligations of the Lessee under the Construction Agency Agreement, or the final indefeasible repayment to the Funding Parties in full of the Lease Balance. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other remedy under this Master Agreement, any Lease or any other Operative Document.

Appears in 1 contract

Samples: Master Agreement (Choicepoint Inc)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory low or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; provided, that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct of Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Surrey Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless on an after-tax basis (in accordance with Section 7.5) each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission, includingnegligent or otherwise, without limitationby such Indemnitee or otherwise), payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Document Closing Date or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; or (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each any Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to thereof or beneficiary of the Operative Documents interest therein; or its involvement in the transactions contemplated in the Operative Documents; (ivc) the offeracquisition, mortgaging, design, construction, preparation, installation, inspection, delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or substitution, storage, transfer or title, redelivery, use, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including any sale pursuant to Section 6.3 of title the Lease or any sale pursuant to Article XVIII of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Sites or the failure imposition of any Lien (or incurrence of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law law, including Applicable Laws and Regulations, or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including investigation costs, clean-up costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverablediscoverable by Lessee or any Indemnitee, (iv) any Claim based upon a violation Claims resulting from the existence or alleged violation of the terms Release of any restriction, easement, condition Hazardous Materials at or covenant or other matter affecting title to a Leased Property or a Site, the making of from any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, Site and (v) any Claim for patent, trademark trademark, tradename or copyright infringement, and Claims arising from provided that the matters in this clause (c) shall be without duplication of any public improvements with respect matter for which indemnification is provided pursuant to a Leased Property the Environmental Indemnity; (d) the offer, issuance, sale or a Site resulting in any change delivery of the Notes; (e) the breach or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a alleged breach by the Lessee of any of its covenants under representation or warranty, covenant or agreement made by it or deemed made by it in any Operative Document, ; (f) the transactions contemplated hereby or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code or the occurrence of (g) any Default other agreement entered into or Event of Default, or the material inaccuracy of any information provided assumed by any such party to any third party Lessee in connection with any Site (including, in each case, matters based on or arising from the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence negligence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental ClaimIndemnitee). Lessee shall not be entitled required to credit against any payments due to an Indemnitee indemnify under this Section 7.1 both for (x1) as to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee, as determined by a court of competent jurisdiction or to the extent resulting from the breach of representations, warranties or covenants of such Indemnitee (including, in the case of clause (f) of this Section 7.1, the representation of such Lender set forth in Section 4.2(e) and the covenant of such Lender set forth in Section 6.3(c)), (2) any insurance recoveries received by such Indemnitee Claims in respect of the matters described herein under or from insurance paid for by any Person Taxes (such Claims to be subject to Section 7.2), other than a payment necessary to make payments under this Section 7.1 on an after-tax basis, provided, that this clause (2) does not apply to any taxes or penalties included in Claims against which the Indemnitee or is provided an Affiliate thereof or assigned indemnification under clause (f) of this Section 7.1 and (3) as to an Indemnitee, any Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents. In the event that the indemnification provided for herein is prohibited by Applicable Laws and Regulations, Lessee will contribute to a Claim to the Lessor maximum extent permitted by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemniteelaw.

Appears in 1 contract

Samples: Participation Agreement (Genesis Health Ventures Inc /Pa)

General Indemnification. (a) Subject Each of DAP and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations sale (including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee sale pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereofLease), any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.return or

Appears in 1 contract

Samples: Master Agreement (Discount Auto Parts Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) the offer, issuance or sale of the Participation Interests, provided that (i) Lessor shall not be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.1(h), (ii) no Participant shall be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.2(f) and (iii) neither Lessor nor any Participant shall be entitled to indemnification under this clause (d) with respect to any Claim which a court of competent jurisdiction determines to have arisen out of the gross negligence or willful misconduct of Lessor, Agent or any Participant or its agents, employees or contractors (other than Lessee) or any misrepresentation of a material fact made by Lessor, Agent or such Participant, unless the misrepresentation was made in reliance upon and in conformity with information furnished to Lessor or such Participant, as applicable, by Lessee or its agents, employees or contractors; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (viih) the transactions contemplated by Lessee hereby or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of Lessor or any Participant); or (i) the Existing Financing, any documentation relating thereto, the Existing Participants, the Existing Owner, or any matters arising therefrom or related thereto; provided, however, Lessee shall not be required to indemnify (x) Lessor for any Claim to the extent arising from any misrepresentation by Lessor under Section 8.1(e) or (l) or from the failure by Lessor to comply with Section 10.4(a), or (y) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (xi) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or its agents, employees or contractors (other than Lessee and its agents, employers or contractors) (it being understood that Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (ii) any Claim resulting from Lessor Liens which Lessor is responsible for discharging under the Operative Documents, (iii) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the termination of Lessee's right to possess and control the Property (but not any claim to the extent attributable to acts or events occurring prior to or during the Term or occurring at any time that Lessee is in actual possession or control of the Property), (iv) any Imposition or other claims for Taxes, and (v) any Claims of the type(s) described in Sections 13.2 (only with respect to claims in respect of a decline in the matters Fair Market Sales Value of the Property as a result of an event described herein under or from insurance paid for by any Person other than in Section 13.2(b) and Lessee's exercise of the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee Remarketing Option), 13.6, 13.7, 13.8 and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee13.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

General Indemnification. (a) Subject Each of DTD and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) the breach or alleged breach (other than a breach wrongfully alleged by the such Indemnitee) by DTD or any Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant by any Operative Document (without giving effect to any Operative Documentexception in any representation based on the absence of a Material Adverse Effect); (vid) the retaining or employment of any broker, finder or financial advisor by DTD or any Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (e) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by any Lessee; (f) the Lesseetransactions contemplated hereby or by any other Operative Document, except Liens in favor respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor Liens; andCode; (viig) any Environmental Claim. act or omission by DTD or any Lessee under any Purchase Agreement or any other Operative Document, or any breach by DTD or any Lessee of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement, IDB Documentation or Ground Lease; or (h) any IDB Documentation; provided, however, no Lessee shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any Claim to the extent that such Claim results from (xi) any insurance recoveries received by the willful misconduct or gross negligence of such Indemnitee in respect or (ii) actions or events occurring after the Lease has terminated and possession of the matters described herein under or from insurance paid for by any Leased Properties has been turned over to a Person other than the Indemnitee Agent, any Funding Party, DTS or an any Affiliate thereof thereof; and, provided, further, that with respect to each Construction Land Interest, each Lessee's indemnity obligations with respect to such Leased Property shall be governed by Section 3.3 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or assigned to the Lessor by the Lessee termination of, and (y) shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Dollar Tree Stores Inc)

General Indemnification. Lessee shal1 pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgements, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if aay) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, thc manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; provided, that the foregoing indemnity shall not extend to the Liabilitics to thc extent resulting in solely from the gross negligence or wilful misconduct of Lessor. Lessee shall deliver promptly to Lcssor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents roceived from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or Its operation.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Websecure Inc)

General Indemnification. (a) Subject to clauses (b) the limitations in Section 6.2(c), from and (f) belowafter the Closing, the Lessee will indemnifySellers, defend jointly and severally, shall indemnify Buyer and its directors, officers, employees, members, managers, partners, agents, attorneys, representatives, successors and assigns (collectively, the “Buyer Indemnified Parties”), and shall hold each Indemnitee harmless, on a Grossed-Up Basis, of them harmless from and against any and all Claims (which may include the outstanding Lease Balance Losses that are incurred, sustained or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of suffered by any of them (in connection with a Third Party Claim or otherwise) in connection with, based upon, arising out of, relating to or resulting from all of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):following: (i) each Leased Propertyany misrepresentation or breach of, each Site, the Lessee Collateral or, in each caseor inaccuracy in, any part thereof;representation or warranty made by any Seller in this Agreement or any other certificate or Ancillary Document delivered by any Seller hereunder; and (ii) any breach of any covenant or agreement made by Seller in this Agreement. (b) Subject to the limitations in Section 6.2(c), from and after the Closing, Buyer shall indemnify the Sellers and their respective directors, officers, employees, members, managers, partners, stockholders, agents, attorneys, representatives, successors and assigns (collectively, the “Seller Indemnified Parties”), and shall hold each of them harmless from and against any and all Losses that are incurred, sustained or suffered by any of them (in connection with a Third Party Claim or otherwise) in connection with, based upon, arising out of, relating to or resulting from: (i) any misrepresentation or breach of, or inaccuracy in ,any representation or warranty made by Buyer in this Agreement; or (ii) any breach of any covenant or agreement made by Buyer in this Agreement. (c) Neither Sellers nor Buyer shall be obligated to provide any indemnification for Losses under Section 6.2 unless the aggregate amount of Losses incurred, sustained or suffered by all Buyer Indemnified Parties or Seller Indemnified Parties (as the case may be) for which such Buyer Indemnified Parties or Seller Indemnified Parties (as the case may be) would, but for this Section 6.2(c), be entitled to indemnification under Section 6.2, exceed $500,000 (the “Deductible”), in which case the Sellers or the Buyer (as the case may be) will be obligated to provide indemnification only to the extent such Losses are in excess of the Operative Documents Deductible; provided, however, that: (i) the Deductible shall not apply to any Losses for which the Buyer Indemnified Parties are entitled to indemnification under Section 6.2(a)(i) in respect of any representations or warranties in Section 3.1 (Organization), Section 3.2 (Authority), Section 3.5 (Title to Shares), Section 3.6 (Brokers) (the “Seller Fundamental Representations”), and (ii) the Deductible shall not apply to any Losses for which the Seller Indemnified Parties are entitled to indemnification under Section 6.2(b)(i) in respect of any representations or warranties in Section 4.1 (Organization), Section 4.2 (Authority), Section 4.5 (Investment Intent; No Registration), Section 4.6 (Condition of Company; Independent Investigation) or Section 4.7 (Brokers) (the “Buyer Fundamental Representations”). The cumulative aggregate liability of the Seller for indemnification for Losses under Section 6.2(a)(i) (other than in respect of the Seller Fundamental Representations) shall not exceed $1,000,000 (the “Maximum”); provided, however, that the cumulative aggregate liability of the Seller for indemnification for Losses under Section 6.2(a)(i) in respect of the Seller Fundamental Representations shall not exceed the Purchase Price (the “Cumulative Aggregate Cap”). The cumulative aggregate liability of Buyer for indemnification for Losses under Section 6.2(b)(i) (other than in respect of the Buyer Fundamental Representations) shall not exceed the Maximum; provided, however, that the cumulative aggregate liability of Buyer for Losses under Section 6.2(b)(i) in respect of the Buyer Fundamental Representations shall not exceed the Cumulative Aggregate Cap. (d) In no event shall the limitations in Section 6.2(c) apply to any Losses incurred, sustained or suffered by any Indemnitee in connection with, based upon, arising out of, relating to or resulting from (i) any breach of any covenant or agreement made by any Seller in this Agreement, (ii) any breach of any covenant or agreement made by Buyer in this Agreement, or (iii) any claim for fraud or intentional misrepresentation. (e) A party entitled to indemnification hereunder shall herein be referred to as an “Indemnitee.” A party obligated to indemnify an Indemnitee hereunder shall herein be referred to as an “Indemnitor.” Promptly after an Indemnitee either receives notice of any claim or the commencement of any action by any third party which such Indemnitee reasonably believes may give rise to a claim for indemnification from an Indemnitor hereunder (a “Third Party Claim”), such Indemnitee shall, if a claim in respect thereof is to be made against an Indemnitor under this Article VI, notify such Indemnitor in writing of such Third Party Claim; provided, however, that failure to notify an Indemnitor of a Third Party Claim shall not relieve such Indemnitor of any of its obligations hereunder, except to the transactions contemplated therebyextent the Indemnitor is actually and materially prejudiced in its defense of such Third Party Claim. Except as provided in this Section 6.2, the Indemnitor shall have the right, at its sole expense, using counsel reasonably acceptable to the Indemnitee and subject to the terms and conditions set forth in this Section 6.2, to contest, defend, litigate or settle any investigationsuch Third Party Claim; provided, litigationthat (i) the Indemnitor shall have notified the Indemnitee in writing of its intention to assume the defense of such Third Party Claim within thirty (30) days of the Indemnitee having given notice of the Third Party Claim to the Indemnitor; (ii) the Indemnitor expressly agrees in such notice to the Indemnitee that, enforcement or proceeding as between the Indemnitor and the Indemnitee, the Indemnitor shall be solely obligated to fully satisfy and discharge the Third Party Claim without reservation of any rights but subject to the limitations set forth in connection therewith, and any amendment, modification or waiver in respect thereof; this Agreement; (iii) the regulation Third Party Claim is not, in the reasonable judgment of the ownershipIndemnitee, constructionlikely to result in Losses that will exceed the limitations on the right of the Indemnitee to indemnification contained in Section 6.2(c); (iv) if reasonably requested to do so by the Indemnitee, installation, leasing, use or operation the Indemnitor shall have made reasonably adequate provision to ensure the Indemnitee of each Leased Property, each Site or the financial ability of the Indemnitor to satisfy the full amount of any part thereof, but only adverse monetary judgment that may result from such Third Party Claim; (v) assumption by the Indemnitor of such Third Party Claim would not reasonably be expected to be materially detrimental to the extent that the Indemnitee is subjected to such regulation (other than solely as a result of its being a party to or beneficiary monetary damages awarded in connection with such Third Party Claim not in excess of the Operative Documents or its involvement limitations on the right of the Indemnitee to indemnification contained in Section 6.2(c)), and (vi) the transactions contemplated Indemnitor shall at all times diligently contest the Third Party Claim (the conditions set forth in the Operative Documents; clauses (i), (ii), (iii), (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach and (vi) being collectively referred to as the “Litigation Conditions”). The Indemnitee shall have the right to participate in, and to be represented by the Lessee of any of counsel (at its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleadingown expense) in any Operative Document such contest, defense, litigation or in any certificate or other document delivered settlement conducted by the Lessee Indemnitor; provided, that the Indemnitee shall be entitled to reimbursement therefor if the Lessor pursuant Indemnitor shall lose its right to any Operative Documentcontest, defend, litigate and settle the Third Party Claim or if representation of the Indemnitor and the Indemnitee by the same counsel would, in the reasonable opinion of such counsel, constitute a conflict of interest under applicable standards of professional conduct. The Indemnitor, if it shall have assumed the defense of a Third Party Claim as provided in this Section 6.2, shall not consent to a settlement of, or the occurrence entry of any Default judgment arising from, any such Third Party Claim without the prior written consent of the Indemnitee (which consent shall not be unreasonably withheld or Event delayed). The Indemnitor shall not, without the prior written consent of Defaultthe Indemnitee, enter into any compromise or settlement which commits the Indemnitee to take, or the material inaccuracy of to forbear to take, any information provided by any such party to any third party in connection with the preparation action or which does not provide for a complete release by such third party of a report the Indemnitee. Notwithstanding anything contained herein to the contrary, the Indemnitee shall have the sole and exclusive right to settle any Third Party Claim, on such terms and conditions as it deems reasonably appropriate, if such Third Party Claim involves criminal or quasi-criminal allegations or seeks primarily equitable or other document required non-monetary relief. All expenses (including attorneys’ fees) incurred by the Indemnitor in connection with the foregoing shall be paid by the Indemnitor. No failure by an Indemnitor to acknowledge in writing its indemnification obligations under this Article VI shall relieve it of such obligations to the extent such obligations exist. If the Indemnitor fails to assume the defense of a Third Party Claim as provided in this Section 6.2 for any reason (including, for the avoidance of doubt, as a result of the failure of any of the Litigation Conditions), then the Indemnitor shall not be delivered pursuant entitled, and shall lose its right, to contest, defend, litigate and settle such a Third Party Claim, and the Indemnitee shall have the right, without prejudice to its right to seek indemnification hereunder, in its discretion exercised in good faith, to contest, defend and litigate such Third Party Claim, and may settle such Third Party Claim either before or after the initiation of Litigation, at such time and upon such terms as the Indemnitee deems fair and reasonable, provided that at least five (5) Business Days prior to any Operative Document; (vi) the existence such settlement, written notice of any Lien on or with respect its intention to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished settle is given to the LesseeIndemnitor. If, in accordance with this Section 6.2, the Indemnitee contests, defends, litigates or settles any of its contractors or agents or by reason of Third Party Claim for which the financing of any personality or equipment purchased or leased Indemnitee is entitled to indemnification hereunder, the Indemnitee shall be reimbursed by the Lessee or Alterations constructed by Indemnitor for the Lesseereasonable attorneys’ fees and other expenses of contesting, except Liens in favor of the Lessee or the Lessordefending, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled litigating and/or settling such Third Party Claim which are incurred from time to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemniteetime.

Appears in 1 contract

Samples: Share Purchase Agreement (Sellers Capital LLC)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (ia) each Leased Propertythe Transaction, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions transactions, agreements or instruments contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithby the Original Participation Agreement, and any amendment, modification or waiver in respect thereof; or (b) the Leased Property or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon or on any other collateral securing the Equity Investment, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility “tap-in” fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, Improvements or Leased Property; (vd) a the offer, issuance, sale or delivery of the Equity Investment; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by Lessee to act on its behalf in connection with this Agreement, or the incurring of any fees or commissions to which Lessor might be subjected by virtue of their entering into the transactions contemplated by this Agreement; (g) the existence of any Lien on or with respect to any the Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as item (a) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee application of Parts 4 and 5 of Subtitle B of Title I of ERISA, or any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. Breakage Costs; provided, however, Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received by Claim to the extent that such Indemnitee Claim results from the willful misconduct or gross negligence of such Indemnitee, (2) any Claim resulting from Lessor Liens which Lessor is responsible for discharging under the Operative Documents, (3) without limiting the provisions of Section 7.2, any Claim related to the Leased Property to the extent attributable to acts or events occurring after the expiration of the Basic Lease Term and the return of the Leased Property to Lessor so long as Lessor is not exercising remedies against Lessee in respect of the matters described herein under or from insurance paid for by Operative Documents, (4) any Person other than the Indemnitee or an Affiliate thereof or assigned Claim to the extent that such Claim results from the breach by Lessor of any covenant, representation or warranty made by the Lessee it in any Operative Document, and (y5) Taxes (it being understood that Section 7.4, rather than this Section 7.1, will govern Lessee’s obligations in regard to Taxes). It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Lennox International Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing any Advance Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; or (iiib) the regulation of Leased Property or any part thereof or interest therein; or (c) the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Articles XVI, XVII or XXII of title the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or Applicable Laws and Regulations (including in tort (strict liability or otherwise)), (ii) latent or other defects, whether or not discoverable, 56 62 (iii) any Claim based upon a violation of BNP or alleged violation of the terms in respect of any restrictionagreement with BNP to purchase the Existing Sites, easement, condition or covenant or other matter affecting title including any Claim relating to a Leased Property or a Site, the making breach of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereofsuch agreement, and (iv) any Claim for patent, trademark or copyright infringement; (d) the offer, and Claims arising from any public improvements with respect to a Leased Property issuance, sale or a Site resulting in any change delivery of the Notes or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; Investment; (ve) a the breach by the Lessee of any of its covenants under representation or warranty made by it or deemed made by it in any Operative Document, ; (f) the transactions contemplated hereby or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code or the occurrence of (g) any Default other agreement entered into or Event of Default, or the material inaccuracy of any information provided assumed by any such party to any third party Lessee in connection with the preparation by such third party Leased Property (including, in each case, matters based on or arising from the negligence of a report or other document any Indemnitee, except any indemnification of Agent for its own negligence in the handling of funds as specifically excluded below); provided, however, Lessee shall not be required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee indemnify under this Section 7.1 both 11.1 for (x1) as to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that no Indemnitee shall be deemed to be negligent, grossly negligent or to have acted wilfully and the parties acknowledge that this indemnity shall fully apply in connection with any Claim of BNP if Lessor fails to purchase the Sites upon the failure of any condition thereto set forth in Article 6 of this Participation Agreement), (2) any insurance recoveries received Claims in respect of Taxes (such Claims to be subject to Section 11.2), other than a payment necessary to make payments under this Section 11.1 on an after-tax basis; provided that the exclusion provided in this clause (2) does not apply to any taxes or penalties included in Claims against which the Indemnitee is provided an indemnification under clause (f) of this Section 11.1, (3) as to an Indemnitee, any Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents (4) as to an Indemnitee, any Claim to the extent resulting from any transfer by such Indemnitee in respect violation of this Agreement or the matters described herein Operative Documents (provided, however, that this clause (4) shall not affect the indemnification rights under this Section 11.1 of any Participant which becomes a Participant pursuant to a transfer under Section 10.3 or 10.4), (5) as to an Indemnitee, any Claim against such Indemnitee by another Indemnitee if such Claim is not related or connected in any way with any action or inaction of Lessee or any Claim by or against Lessee or for which Lessee is otherwise liable under the Operative Documents, (6) as to Lessor, any Claim against Lessor to the extent arising from any breach of a representation or warranty by Lessor set forth in Section 8.2 of this Agreement or in any other Operative Document or the Private Placement Letter or from insurance paid for by the failure of Lessor to comply in all material respects with the terms of this Agreement or the other Operative Documents, (7) as to an Indemnitee, any Person other than the Claim against such Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received extent arising from a breach of a representation or warranty by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.under this

Appears in 1 contract

Samples: Participation Agreement (Applied Materials Inc /De)

General Indemnification. (a) Subject Whether or not the transactions contemplated hereby are consummated, to clauses (b) the fullest extent permitted by Applicable Laws and (f) belowRegulations, the Lessee will hereby assumes liability for and agrees to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan after-Up Basis, tax basis (in accordance with Section 7.4) from and against against, any and all Claims of every kind and nature whatsoever that may be imposed on, incurred by, or asserted against any Indemnitee, which are not directly and primarily caused by (which may i) the fraud, gross negligence or willful misconduct of such Indemnitee (provided that the indemnification provided under this Section 7.1 shall specifically include matters based on or arising from the outstanding Lease Balance negligence of any Indemnitee), (ii) the breach by such Indemnitee of any representation, warranty or any portion thereof subject to any limitations covenant set forth in any Operative Document or (iii) the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out violation by such Indemnitee of any of the following (Applicable Laws and Regulations, whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Delivery Date or after the Lease Expiration Date):, and which relates in any way to or arises in any way out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Thermogas Acquisition, the ownershipAcquired Property or any Part thereof or interest therein; (c) the acquisition, mortgaging, design, manufacture, re-manufacture, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, transportation, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site registration or any part thereofre-registration, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, operation, condition, financing, refinancing, inspectionsale (including, mortgagingwithout limitation, pledgingany sale pursuant to the Lease), granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all the Units or any part of each Leased Property Unit or any product produced therewith, each Site or any interest therein or improvements thereto Part thereof or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of any Lien) on any of the foregoing in accordance with the requirements of the Operative DocumentsUnits, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, (i) Claims or penalties arising from any violation of law Applicable Laws and Regulations or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including, without limitation, investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iv) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) the sale or other disposition of any of the Acquired Property, including, without limitation, any disposition pursuant to the Sale Option, Purchase Option or as a result of the exercise of remedies; (e) the offer, issuance, sale or delivery of the Certificates or the Notes; (f) the breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vig) the existence transactions contemplated hereby or by any other Operative Document in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; (h) any Claims related to the Release from any Unit of any Lien substance into the environment, including (without limitation) Claims arising out of the use of any Unit for the transportation or storage of any Hazardous Material; (i) any failure on the part of Lessee to perform or comply with any of the terms of any Operative Document; or (j) any other agreement entered into or assumed by Lessee in connection with any Unit. It is expressly understood and agreed that this Section 7.1 shall not apply to Claims in respect of: (A) Taxes (such Claims being subject to Section 7.2), except with respect to (1) taxes or penalties included in Claims described in clause (g) above, and (2) any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed payment necessary to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens make payments under this Section 7.1 in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liensaccordance with Section 7.4; and (viiB) any Environmental Claim. Lessee shall be entitled to credit against any payments due as to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by Indemnitee, Certificate Trustee Liens which such Indemnitee in respect of is responsible for discharging under the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Documents.

Appears in 1 contract

Samples: Participation Agreement (Ferrellgas Partners Finance Corp)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys' fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a "Liability") arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee's failure to perform any covenant, or breach of any representation or warranty, hereunder; PROVIDED, that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct or Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county of municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Geographics Inc)

General Indemnification. Lessee shall pay, and shall indemnify and hold Lessor harmless on an after-tax basis from and against, any and all liabilities, causes of action, claims, suits, penalties, damages, losses, costs or expenses (including attorneys’ fees), obligations, liabilities, demands and judgments, and Liens, of any nature whatsoever (collectively, a “Liability”) arising out of or in any way related to: (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding this Lease Balance or any portion thereof subject to any limitations set forth other written agreement entered into in connection with the Operative Documents, transactions contemplated hereby and thereby (including, without limitation, payments limited to the applicable Recourse Deficiency Amounta Purchase Agreement, if any) that directly or indirectly relate toany amendment, result from waiver or arise out of or are alleged to relate to, result from or arise out modification of any of the following (whether foregoing or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) enforcement of any of the Operative Documents terms hereof or any of the transactions contemplated therebyforegoing, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionselection, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, use, maintenance, documenting, inspection, control, loss, damage, destruction, removal, storage, surrender, sale, use, condition, transfer of title delivery, nondelivery, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any other matter relating to any Item of Equipment or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations portion thereof (including, in each case and without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringementinfringement and any and all Liabilities in any way relating to or arising out of injury to persons, properties or the environment or any and Claims arising from all Liabilities based on strict liability in tort, negligence, breach of warranties or violations of any public improvements regulatory law or requirement, (c) a failure to comply fully with any Environmental Law with respect to a Leased Property the Equipment or a Site its operation or use, and (d) Lessee’s failure to perform any covenant, or breach of any representation or warranty, hereunder; provided, that the foregoing indemnity shall not extend to the Liabilities to the extent resulting in solely from the gross negligence or willful misconduct of Lessor. Lessee shall deliver promptly to Lessor (i) copies of any change or special assessments being levied against such Leased Property or such Site documents received from the United States Environmental Protection Agency or any plans to modifystate, widen county or realign any street municipal environmental or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; health agency and (vii) a breach by the Lessee copies of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission documents submitted by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned subsidiaries to the Lessor by United States Environmental Protection Agency or any state, county or municipal environmental or health agency concerning the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquipment or its operation.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Bioanalytical Systems Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) the Land, any Building or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Sitethe part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees, (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, Building or Leased Property and (8) any Claim in respect of the Tripartite Agreement/Option Agreement other than Claims resulting from actions of the Lessor after the Closing Date taken without the consent of the Lessee; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessee; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement; (g) the existence of any Lien on or with respect to any the Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessor or the Lessee, or any of its their respective contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessor or the Lessee or Alterations constructed by the Lessor or the Lessee, except in all cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor Liens; andTax Code; (viii) any Environmental Claim. act or omission by the Lessee under any Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed; or (j) any activities or liabilities of the Lessor that were conducted or incurred prior to the Closing Date; provided, however, that the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received by Claim to the extent that such Indemnitee in respect Claim results from the willful misconduct (not taken at the request of the matters described herein under Lessee), willful misrepresentation or gross negligence of such Indemnitee, or (2) any Claim resulting from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to Lessor Liens which the Lessor by Indemnitee Group is responsible for discharging under the Lessee Operative Documents. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Fidelity National Information Services, Inc.)

General Indemnification. (a) Subject The Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject to any limitations set forth in the Operative Documentsasserted against such Indemnitee, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Indemnitee shall also be indemnified as to any such Claim arises by any other Person, in any way relating to or accrues prior to the Closing Date or after the Lease Expiration Date):arising out of: (ia) each Leased Propertyany injury or damage to Persons or property arising from the actions or inactions of Lessee (or its employees, each Siteagents, the Lessee Collateral orAffiliates, in each case, any part thereofor invitees); (iib) this Lease, any of the other Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereofthereof requested by Lessee; (iiic) the regulation of Property or any part thereof or interest therein; (d) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, disposition, (1) Claims or penalties arising from any violation of law Applicable Law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Improvements in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or (6) any Claim for utility “tap-in” feesLessee's failure to procure and maintain in effect all Governmental Approvals required under Applicable Law; (ve) a the breach by the Lessee or Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) them or deemed made by them in this Lease or any other Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to this Lease or any other Operative Document;; or (vif) the existence of any Lien on or with respect to any Leased the Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or Lessor; provided, however, that the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 14.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee in respect Indemnitee, (2) any Claim resulting from Lessor Liens, and (3) any Claim for lost opportunity costs of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof consequential or assigned incidental damages to any Indemnitee. It is expressly understood and agreed that the Lessor by indemnity provided for herein shall survive the Lessee expiration or termination of and (y) shall be separate and independent from any remedy under any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Lease Agreement (Weirton Steel Corp)

General Indemnification. Whether or not the transactions contemplated hereby are consummated, to the fullest extent permitted by Applicable Laws, each Lessee hereby (ax) Subject to clauses (b) waives and releases any Claims now or hereafter existing against any Indemnitee on account of, and (fy) below, the Lessee will agrees to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan after-Up Basis, tax basis (in accordance with Section 9.5) from and against against, any and all Claims of every kind and nature whatsoever that may be imposed on, incurred by, or asserted against any Indemnitee, which are not directly and primarily caused by the gross negligence or willful misconduct of the Indemnitee (which may provided that the indemnification provided under this Section 9.1 shall specifically include matters based on or arising from the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out negligence of any of the following (Indemnitee), whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, and which relates in any way to or arises in any way out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation any Facility at which any portion of the ownershipEquipment is at any time located, construction, installation, leasing, use or operation of each Leased Property, each Site the Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary any interest in any of the Operative Documents or its involvement in the transactions contemplated in the Operative Documentsforegoing; (ivc) the offeracquisition, mortgaging, design, manufacture, re-manufacture, construction, preparation, installation, inspection, delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or substitution, storage, titling or retitling, transfer of title, registration or re-registration, redelivery, use, operation, condition, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of any Lien) on any of the foregoing in accordance with the requirements of the Operative DocumentsEquipment, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, including (i) Claims or penalties arising from any violation of law Applicable Laws (other than any such violation primarily caused by the Indemnitee) or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iv) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) the sale or other disposition of any of the Equipment, including any disposition as a result of the exercise of remedies; (e) the offer, issuance, sale, execution or delivery of the Notes; (f) the breach by the any Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vig) the existence transactions contemplated hereby or by any other Operative Document in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any Prohibited Transaction described in Section 4975(c) of the Code; (h) any Claims related to the Release from any applicable Facility upon or at which any of the Equipment is located or any of the Equipment of any Lien substance into the environment, including Claims arising out of the use of any Equipment for the transportation or storage of any Hazardous Material; (i) any failure on the part of any Lessee to perform or comply with any of the terms of any Operative Document; or (j) any other agreement entered into or assumed by any Lessee in connection with any item of Equipment. It is expressly understood and agreed that this Section 9.1 shall not apply to Claims to the extent resulting from: (i) Taxes (such Claims being subject to Section 9.2), except with respect to (1) taxes or penalties included in Claims described in clause (g) above, and (2) any Leased Propertypayment necessary to make payments under this Section 9.1 in accordance with Section 9.5; (ii) as to an Indemnitee, any SiteLessor Liens which such Indemnitee is responsible for discharging under the Operative Documents; (iii) as to an Indemnitee, title thereto, any interest therein the gross negligence or willful misconduct of such Indemnitee or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, Affiliate thereof or any of their respective agents, officers, directors, servants or employees thereof; (iv) as to an Indemnitee, the incorrectness of any representation or warranty by such Indemnitee in any Operative Document; (v) as to an Indemnitee, the failure by any such Indemnitee to perform or observe any term, agreement, or covenant on its contractors part required to be performed or agents observed in any Operative Document, except to the extent such failure results from a Default or Event of Default; (vi) as to an Indemnitee, the offer or sale by reason or on behalf or for the account of such Indemnitee of any Note or any interest in any of the financing Collateral (other than arising in connection with the exercise of any personality rights or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor remedies following an Event of the Lessee or the Lessor, but expressly excluding any Lessor LiensDefault); and (vii) any Environmental Claim. Lessee shall be entitled expense to credit against any payments due Indemnitee solely attributable to an Indemnitee under this Section 7.1 both the appointment of a successor Trustee, other than any appointment of a successor Trustee, that is either (x) any insurance recoveries received by such Indemnitee in respect with the prior written consent of the matters described herein under Lessees or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) in connection with any other indemnity amount received by such Indemnitee in respect Event of such matters from a Person (other than the Lessor) unrelated to such IndemniteeDefault.

Appears in 1 contract

Samples: Participation Agreement (Mandalay Resort Group)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which by any third-party that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject to any limitations set forth in the Operative Documentsasserted against such Indemnitee, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior (except to the Closing Date extent such claim is covered by the insurance required by the Lease) and in any way relating to or after the Lease Expiration Date):arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereofthereof (except to the extent the Lender's or the Lessor's actions with respect to such matters are in material violation of Applicable Law); (ii) the Land or any part thereof or interest therein; (iii) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each or any interest in the Leased Property or the imposition of any product produced therewithLien (other than a Lessor Lien) (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, including without limitation, limitation (A) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (B) latent or other defects, whether or not discoverable, (C) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a SiteProperty, (D) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (E) any Claim for patent, trademark or copyright infringement, infringement and (F) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees; (viv) a the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate required to be delivered under any Operative Document; (v) the retaining or other document delivered employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to any Operative Documentact on its behalf in connection with this Participation Agreement, or the occurrence authorization of any Default broker or Event of Defaultfinancial adviser retained or employed by any other Person who or which acts on Lessee's behalf, or the material inaccuracy incurring of any information provided fees or commissions to which the Lessor or the Lender might be subjected by any such party to any third party in connection with virtue of their entering into the preparation transactions contemplated by such third party of a report or other document required to be delivered pursuant to any Operative Documentthis Participation Agreement; (vi) the existence of any Lien (other than a Lessor Lien) on or with respect to any the Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens (other than a Lessor Lien) which arise out of the possession, use, occupancy, construction, repair or rebuilding of or title to or interest of any Person in the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, Lessee or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as items (i) and (ii) in favor the definition of the Lessee or the Lessor, but expressly excluding any Lessor Permitted Liens; and; (vii) any Environmental Claim. breach of any requirement, condition, restriction or limitation affecting title to the Land; or (viii) to the extent not insured by the Title Policies, (A) any failure of title (except with respect to Permitted Liens) to any part of the Leased Property or failure (including the failure to create), lack of perfection, recordation, or loss of priority of the lien of any Mortgage or the security interests in personal property created thereby, or (B) the unenforceability, as a matter of law or equity, in whole or in part, of the Assignment of Lease and Rents or any Mortgage or, with respect to the obligations of the Lessee, any other Operative Document to which it is a party, except to the extent that the enforceability of such documents shall be affected by (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or similar laws affecting the enforcement of creditors' rights generally, (ii) equitable principles limiting the availability of equitable remedies, or (iii) limits on enforceability of any provision calling for the payment of attorneys' fees; PROVIDED, HOWEVER, that the Lessee shall not be entitled required to credit against indemnify (x) any payments due to an Indemnitee under this Section 7.1 both for any Claim (xA) any insurance recoveries received by to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor), or (B) unrelated which occurs or arises out of a time when the Lessee was not an owner, lessee or otherwise using or in possession of the Leased Property or the applicable part thereof, or (y) the Lessor, to the extent that such IndemniteeClaim results from its willful misconduct, or for any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other Operative Document.

Appears in 1 contract

Samples: Participation Agreement (STB Systems Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated therebythereby or any violation thereof, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease, any permitted sublease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 17.2(c), 17.2(e), 17.2(h) or 17.4 of the Lease or any sale pursuant to Articles XX or XXII of the Lease (except for any amounts payable pursuant to Section 13.2 hereof), return or other disposition of all or ------------ any part or any interest in the Property or the imposition of any Lien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, including, without limitation: (1) Claims or penalties arising from any violation of law foreign, federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise)) arising in connection with the Property, the Operative Documents or the transactions contemplated thereunder, including Claims made by invitees of Lessee or any assignee or any sublessee of Lessee or any assignee, or by any other Person entering on or in the Property (2) latent or other defectsdefects in, to or affecting the Property, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of the Lease or any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to the Property, (7) Claims based on violations or failure of title arising in connection with the zoning ordinances, rules, regulations or laws applicable to the Property and (8) any Leased claim resulting from or related to the leasing or subleasing of the Property or any Claim for utility “tap-in” feesthe construction of the Improvements; (vd) a the offer, issuance or sale of the Participation Interests or any interest therein in accordance with the terms of the Operative Documents; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee or any Affiliate to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or the Lease, any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the LesseeLessee or any sublessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor; (h) the transactions contemplated hereby, by the Lease or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant); or (i) the purchase of the Property by the Lessor, or any matters arising therefrom or related thereto; provided, however, the Lessee shall not be required to indemnify any Indemnitee -------- ------- under this Section 13.1 for any of the following: (1) any Claim to the extent ------------ resulting from the willful misconduct or gross negligence of such Indemnitee (it -- being understood that the Lessee shall be required to indemnify an Indemnitee ---------------- even if the ordinary (but expressly excluding not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor LiensLiens which the Lessor is responsible for discharging under the Operative Documents, (3) any Imposition or other claims for Taxes of the type(s) described in Section 13.5, ------------- (4) any Claims of the type(s) described in Sections 13.2, 13.6, 13.7, 13.8 and ------------- ---- ---- ---- 13.10, or (5) any such Claim under this Section 13.1 arising with respect to the ----- ------------ Improvements only prior to the Completion Date except as follows: (A) The Lessee shall indemnify the Lessor from and against any Claim Within the Lessee's Control, subject to the following: (1) if such Claim is not related to an inability or failure to complete construction of the Improvements (or if such Claim is related to an inability or failure to complete construction of the Improvements but also constitutes or arises out of a Fully Indemnifiable Event), the indemnification provided in this Section 13.1 shall not be subject to any monetary ------------ limitation; and (vii2) any Environmental Claim. Lessee shall be entitled to credit against any payments due if such Claim is related to an Indemnitee under inability or failure to complete construction of the Improvements and such Claim does not constitute or arise out of a Fully Indemnifiable Event, the Lessee's monetary obligation for indemnification provided in this Section 7.1 both 13.1 together with all other similarly ------------ limited amounts payable prior to the Complete Date under Section ------- 9.1(b)(i), Section 9.3(b)(i), Section 13.10, clause (xi)(B) any insurance recoveries received by such Indemnitee in respect to the --------- ----------------- ------------- the proviso of Section 24.1 of the matters described herein Lease and any similarly limited payment obligation of the Lessee in connection with the return or sale of the Property under the Lease or from insurance paid the Construction Agency Agreement, shall not exceed the maximum Land Interest Residual Value Guarantee Amount and Improvements Residual Value Guarantee Amount. (B) If any Lessor Party incurs any such claims or expenses for which the Lessee is not obligated to indemnify such Lessor Party pursuant to clause (5)(i) of this Section 13.1, such claims shall, if ------------- ------------ such Lessor Party shall so request by any Person other than the Indemnitee or an Affiliate thereof or assigned a written notice to the Lessor by and the Lessee Lessor shall give its prior written consent thereto, be capitalized pursuant to Section 3.7(e)(ii). ------------------ It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Asyst Technologies Inc /Ca/)

General Indemnification. The Lessee Agent agrees whether or not any of the transactions contemplated hereby shall be consummated (a) Subject unless such failure to clauses (b) consummate is due to the breach of any obligation under any Operative Document by any party other than Lessee or Guarantor), to assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Acquisition Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Properties or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgagingdelivery, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionnondelivery, acceptance, rejection, deliveryownership, nondelivery, redeliverymanagement, possession, transportationoperation, rental, lease, sublease, installationrepossession, maintenance, repair, alteration, modification, addition or substitution, storage, transfer of title, redelivery, use, financing or refinancing by the Lessee, disposition, operation, condition, transfer sale (including without limitation, any sale pursuant to Section 16.2(d) or 16.2(f) of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure to perform or accomplish imposition of any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Lien except Lessor (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee Agent or Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringementinfringement with respect to the Property, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee Agent or Lessee or Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by it by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by Lessee Agent or any Lessee to act on its behalf in connection with this Participation Agreement or any other Operative Document; (f) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Lenders or the Lessor, but expressly excluding any Lessor Liens; andCertificate Holders; (viig) subject to the accuracy of any Environmental ClaimParticipant's representation set forth in Section 8.1(a), as to such Participant, the transactions contemplated by the Lease or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code. Provided, however, that the Lessee Agent shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of any Indemnitee (it being understood that the Lessee Agent shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens, (3) any Claim arising from a breach or alleged breach by any Lender or any Certificate Holder of any Operative Document or any agreement entered into in connection with the assignment or participation of any Loan or Certificate Holder Amount, (4) any Claim arising in respect to the Property to the extent attributable to acts or events occurring in the period after the Lessee ceases to lease the Property from the Lessor Trust under the related Lease, provided that the facts supporting such Claim occur after such period and (5) without limiting any other provision of this Participation Agreement, any Claim for Taxes except to the extent arising by reason of Section 13.1(g). It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity only and not a guaranty of residual value of the matters described herein under Property or from insurance paid for by any Person other than as a guaranty of the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeNotes.

Appears in 1 contract

Samples: Participation Agreement (Truserv Corp)

General Indemnification. (a) Subject Lessee and Parent agree, whether or not any of 35 36 PARTICIPATION AGREEMENT the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan After-Up Basis, Tax Basis from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; or (iiib) the regulation of Resort or any part thereof or interest therein; or (c) the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, sale (including any transfer pursuant to Section 5.2 of title the Lease or any sale pursuant to Section 5.1 of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iii) any Claim for patent, trademark or copyright infringement; or (d) any activity, and Claims occurrence or condition that violates or results in non-compliance with any Environmental Law arising from any public improvements with respect to a Leased Property out of or a Site resulting in any change or special assessments being levied against such Leased Property or such Site way relating to the Resort or any plans to modifypart thereof or interest therein; (e) the offer, widen issuance, sale or realign any street delivery of the Notes; (f) the breach or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a alleged breach by the Lessee of any representation or warranty made by it or deemed made by it in any Operative Document; (g) the transactions contemplated hereby or by any other Operative Document (except for any violation of Section 4.2(c)), in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code or (h) any other agreement entered into or assumed by Lessee in connection with the Equipment; provided, however, that neither Parent not Lessee shall be required to indemnify under this Section 7.1 for any of the following: (1) as to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or, if such Indemnitee is Trust Company, ordinary negligence for the handling of funds (other than willful misconduct or gross negligence imputed to such Indemnitee by reason of its covenants under participation in the transactions contemplated hereby) or the breach by such Indemnitee of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) as to an Indemnitee, any Claim resulting from a transfer by such Indemnitee of all or any part of its interest in the Lease, the other Operative Documents or the Equipment, other than any such transfer either required by the Lease (including a transfer as a result of a Casualty or a misrepresentation by transfer pursuant to Section 5.1 or 5.2 of the Lessee (including Lease) or any omission by Lessee that makes any representation made by Lessee materially misleading) in any other Operative Document or while a Lease Event of Default shall have occurred and be continuing, (3) any Claims in any certificate or respect of Taxes (such Claims to be subject to Article VIII, other document delivered by the Lessee than a payment necessary to the Lessor pursuant make payments under this Section 7.1 on an After-Tax Basis, provided, that this exclusion does not apply to any Operative Document, taxes or penalties included in Claims against which the occurrence Indemnitee is provided an indemnification under subsection (f) of any Default or Event of Default, or the material inaccuracy of any information provided by any such party this Section 7.1 and (4) as to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Propertyan Indemnitee, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Claim resulting from Lessor Liens which arise out of such Indemnitee is responsible for discharging under the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental ClaimOperative Documents. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.this

Appears in 1 contract

Samples: Participation Agreement (Stratosphere Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated therebythereby or any violation thereof, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, therewith and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease, any permitted sublease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 17.2(c), 17.2(e), 17.2(h) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, except for any amounts payable pursuant to SECTION 13.2 hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law foreign, federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise)) arising in connection with the Property, the Operative Documents or the transactions contemplated thereunder, including Claims made by invitees of Lessee or any assignee or any sublessee of Lessee or any assignee, or by any other Person entering on or in the Property, (2) latent or other defectsdefects in, to or affecting the Property, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of the Lease or any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to the Property, (7) Claims based on violations or failure of title arising in connection with the zoning ordinances, rules, regulations or laws applicable to the Property, (8) any Leased Claim resulting from or related to the leasing or subleasing of the Property or the construction of the Improvements, and any amendment, modification or waiver in respect thereof, and (9) any Claim for utility “tap-in” feesrelated to or arising out of the Tax Abatement Agreements or Lessor's assignment and assumption thereof pursuant to the Assignment and Assumption of Tax Abatement Agreements; (vd) a the offer, issuance or sale of the Participation Interests or any interest therein in accordance with the terms of the Operative Documents; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee or any Affiliate to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein the Lease, the Cash Collateral or Securities Collateral, any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the LesseeLessee or any sublessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor; (h) the transactions contemplated hereby, by the Lease or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant); or (i) the purchase of the Property by the Lessor, or any matters arising therefrom or related thereto; PROVIDED, HOWEVER, the Lessee shall not be required to indemnify any Indemnitee under this SECTION 13.1 for any of the following: (1) any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (IT BEING UNDERSTOOD that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but expressly excluding not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor LiensLiens which the Lessor is responsible for discharging under the Operative Documents, (3) any Imposition or other claims for Taxes of the type(s) described in SECTION 13.5, PROVIDED, HOWEVER that Lessee acknowledges that any Claims relating to or arising under the Tax Abatement Agreements or the Assignment and Assumption of Tax Abatement Agreements that do not constitute Claims for Impositions or other Taxes for which indemnification is provided under SECTION 13.5 shall be subject to indemnification by Lessee under this SECTION 13.1, (4) any Claims of the type(s) described in SECTIONS 13.2, 13.6, 13.7, 13.8 and 13.10, or (5) any such Claim under this SECTION 13.1 arising with respect to the Expansion Improvements only prior to the Completion Date with respect to Expansion Improvements, except as follows: (A) The Lessee shall indemnify the Lessor from and against any Claim Within the Lessee's Control, subject to the following: (1) if such Claim is not related to an inability or failure to complete construction of the Expansion Improvements (or if such Claim is related to an inability or failure to complete construction of the Expansion Improvements but also constitutes or arises out of a Fully Indemnifiable Event), the indemnification provided in this SECTION 13.1 shall not be subject to monetary limitation; and (vii2) any Environmental Claim. Lessee shall be entitled to credit against any payments due if such Claim is related to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by inability or failure to complete construction of the Expansion Improvements and such Indemnitee Claim does not constitute or arise out of a Fully Indemnifiable Event, the Lessee's monetary obligation for indemnification in respect of the matters described herein Expansion Improvements provided in this SECTION 13.1 together with all other similarly limited amounts payable prior to the Completion Date with respect to the Expansion Improvements under SECTION 9.1(b)(i), SECTION 9.3(b)(i), SECTION 13.10, clause (i)(B) to the proviso of Section 24.1 of the Lease and any similarly limited payment obligation of the Lessee in connection with the return or from insurance paid sale of the Property under the Lease or the Expansion Improvements Construction Agency Agreement, shall not exceed the maximum Expansion Improvements Residual Value Guarantee Amount. (B) If any Lessor Party incurs any such claims or expenses for which the Lessee is not obligated to indemnify such Lessor Party pursuant to CLAUSE (5) of this SECTION 13.1, such claims shall, if such Lessor Party shall so request by any Person other than the Indemnitee or an Affiliate thereof or assigned a written notice to the Lessor by and the Lessee Lessor shall give its prior written consent thereto, be capitalized pursuant to SECTION 3.7(e)(ii). It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Triquint Semiconductor Inc)

General Indemnification. (a) Subject The Lessee and the Guarantor jointly and severally agree, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof, (b) the Property or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including any sale pursuant to Article XVI, XVII or XVIII of title the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, including, but not limited to, the terms set forth in the Redwood Shores Documents, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee or the Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement; (f) the existence of any Lien on or with respect to any Leased the Property, any Siteimprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personally or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens created under the Operative Documents in favor of one or more of the Lessor Parties; (g) the transactions contemplated by this Participation Agreement or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Revenue Code; or (h) any indemnification claim made against any Liquidity Bank under the Liquidity Documentation; provided, however, neither the Lessee or nor the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee Guarantor shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee and the Guarantor shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens to the extent such Indemnitee is in breach of any obligation under the Operative Documents to discharge such Liens, (3) any Claim to the extent solely attributable to acts or events attributable to such Indemnitee and occurring after the return of the Property or the Lease Termination Date so long as no Lease Default or Lease Event of Default shall have occurred and be continuing as of the date of such return or the Lease Termination Date, (4) any Claim arising from a breach by such Indemnitee of any agreement entered into in respect connection with the assignment or participation of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by interest of such Indemnitee in respect of such matters from a Person under this Participation Agreement or the other Operative Documents, (5) Taxes (other than Taxes necessary for any claim under this Section 13.1 to be indemnified on an After-Tax Basis) or (6) any Claim arising solely from the Lessor) unrelated failure of such Indemnitee to comply with laws applicable to banks or their affiliates generally or the failure of such Indemnitee to file any notice, report, filing or other document required by any Governmental Authority regulating banks or their affiliates in connection with such Indemnitee's execution of, and participation in the transactions contemplated by, the Operative Documents. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any remedy under, the Master Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity only and not a guaranty of residual value of the Property or as a guaranty of the repayment of the Notes or the redemption of the Equity Investment.

Appears in 1 contract

Samples: Participation Agreement (Electronic Arts Inc)

General Indemnification. (a) Subject Whether or not any of the transactions contemplated hereby shall be consummated, Lessee shall pay and assume liability for, and does hereby agree to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this ARTICLE XIII or such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person Person, and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each casecase under this SECTION 13.1(a), in any part thereof;way arising out of or relating to: (ii) A. any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) B. the regulation of Leased Property, including the ownershipLand, the Facility and the Tenant Improvements or any part thereof or interest therein; C. the purchase, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to the Lease), rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Leased Property, including the Land and the Facility or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), including Claims made by invitees of Lessee or any assignee, or any sublessor of either thereof, or by any other person entering on the Leased Property, (ii) any Claim resulting from or related to latent or other defects, whether or not discoverable, (iii) any Claim resulting from or related to the acquisition of the Leased Property or any construction of the Tenant Improvements or use thereof, (iv) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a SiteProperty, (v) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (vi) any Claim for patent, trademark or copyright infringement, and or (vii) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change or special assessments being levied against such the Leased Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any the Leased Property Property, or any Claim for utility "tap-in" fees; (v) a D. the offer, issuance, sale, transfer or delivery of the Certificates and Notes; E. the breach or alleged breach by the Lessee or Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any document or agreement relating to the construction of the Tenant Improvements or any certificate or other document delivered by it; F. the Lessee to the Lessor pursuant to transactions contemplated hereby or by any other Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein under in Section 4975(c) of the Code; G. the retaining or from insurance paid for employment of any broker, finder or financial advisor by any Person other than the Indemnitee Lessee or an Affiliate thereof or assigned Guarantor to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee act on its behalf in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.connection with this Participation Agreement;

Appears in 1 contract

Samples: Participation Agreement (Teletech Holdings Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan After-Up Basis, Tax Basis from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; thereof requested by Lessee; or (iiib) the regulation of Project or Project Property or any part thereof or interest therein; or (c) the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, sale (including any transfer pursuant to Section 5.2 of title the Lease or any sale pursuant to Section 5.1 of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iii) any Claim for patent, trademark or copyright infringement; (d) the offer, and Claims arising from any public improvements with respect to a Leased Property issuance, sale or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; delivery of the Certificates; (ve) a the breach by the Lessee of any representation or warranty made by it or deemed made by it in any Operative Document; (f) the transactions contemplated hereby or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code or (g) any other agreement entered into or assumed by the Lessee in connection with the Equipment; PROVIDED, HOWEVER, the Lessee shall not be required to indemnify under this SECTION 7.1 for any of the following: (1) as to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (other than willful misconduct or gross negligence imputed to such Indemnitee by reason of its covenants under participation in the transactions contemplated hereby) or the breach by such Indemnitee of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) as to an Indemnitee, any Claim resulting from a transfer by such Indemnitee of all or any part of its interest in the Lease, the other Operative Documents or the Equipment, other than any such transfer either required by the Lease (including a transfer as a result of a Casualty or a misrepresentation by transfer pursuant to Section 5.1, 5.2 or 5.4 of the Lessee (including Lease) or any omission by Lessee that makes any representation made by Lessee materially misleading) in any other Operative Document or while a Lease Event of Default shall have occurred and be continuing, (3) any Claims in any certificate or respect of Taxes, other document delivered by the Lessee than a payment necessary to the Lessor pursuant make payments under this SECTION 7.1 on an After-Tax Basis, PROVIDED, that this exclusion does not apply to any Operative Document, taxes or penalties included in Claims against which the occurrence of any Default or Event of Default, or the material inaccuracy of any information Indemnitee is provided by any such party an indemnification under CLAUSE (f) above and (4) as to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Propertyan Indemnitee, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Claim resulting from Lessor Liens which arise out of such Indemnitee is responsible for discharging under the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental ClaimOperative Documents. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section SECTION 7.1 both (x) any insurance recoveries received by such an Indemnitee in respect of the matters described herein related Claim under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof Lessee or assigned to the Lessor Trustee by the Lessee. If the Lessee shall obtain actual knowledge of any Claim indemnified against under this SECTION 7.1, the Lessee shall give prompt notice thereof to the appropriate Indemnitee or Indemnitees, and if any Indemnitee shall obtain actual knowledge of any Claim indemnified under this SECTION 7.1, such Indemnitee shall give prompt notice thereof to the Lessee, PROVIDED that failure to so notify the Lessee shall release the Lessee from its obligations to indemnify hereunder only if and to the extent that such failure results in a forfeiture by the Lessee of substantive rights and defenses. With respect to any amount that the Lessee is requested by an Indemnitee to pay by reason of this SECTION 7.1, such Indemnitee shall, if so requested by the Lessee and (y) prior to any other indemnity amount received by payment, submit such additional information to the Lessee as the Lessee may reasonably request and which is reasonably available to such Indemnitee to substantiate properly the requested payment. In case any action, suit or proceeding shall be brought against any Indemnitee for which the Indemnitee is indemnified herein, such Indemnitee shall notify the Lessee of the commencement thereof, and the Lessee shall be entitled, at its expense, acting through counsel reasonably acceptable to such Indemnitee, to participate in, and, to the extent that the Lessee desires to, assume and control the defense thereof; PROVIDED, however, that the Lessee shall have acknowledged in writing its obligation to fully indemnify such Indemnitee in respect of such matters from action, suit or proceeding; and PROVIDED, FURTHER, that the Lessee shall not be entitled to assume and control the defense of any such action, suit or proceeding if and to the extent that, (A) in the reasonable opinion of such Indemnitee, (x)(i) such action, suit or proceeding involves any risk of imposition of criminal liability or (ii) such action, suit or proceeding involves any material risk of material civil liability on such Indemnitee or will involve a Person material risk of the sale, forfeiture or loss of, or the creation of any Lien (other than a Permitted Encumbrance) on the LessorEquipment, the Trust Estate or any part thereof, unless, in the case of this CLAUSE (x)(ii), the Lessee shall have posted a bond or other security satisfactory to the relevant Indemnitees in respect to such risk or (y) the control of such action, suit or proceeding would involve a bona fide conflict of interest, (B) such proceeding involves Claims not fully indemnified by the Lessee which the Lessee and the Indemnitee have been unable to sever from the indemnified Claim or Claims, (C) a Default or a Lease Event of Default has occurred and is continuing or (D) such action, suit or proceeding involves matters which extend beyond or are unrelated to the transactions contemplated by the Operative Documents and if determined adversely could be materially detrimental to the interests of such Indemnitee notwithstanding indemnification by the Lessee. Indemnitee may participate in a reasonable manner at its own expense and with its own counsel in any proceeding conducted by the Lessee in accordance with the foregoing. 1. Unless a Lease Event of Default shall have occurred and be continuing, no Indemnitee shall enter into any settlement or other compromise with respect to any Claim which is entitled to be indemnified under this SECTION 7.1 without the prior written consent of the Lessee, which consent shall not be unreasonably withheld or delayed, unless such Indemnitee waives its right to be indemnified under this SECTION 7.1 with respect to such Claim. Any amount payable to an Indemnitee pursuant to this SECTION 7.1 shall be paid to such Indemnitee promptly upon receipt of a written demand therefor from such Indemnitee, accompanied by a written statement describing the basis for such indemnity and the computation of the amount so payable and, if requested by the Lessee, such determination shall be verified by a nationally recognized independent accounting firm mutually acceptable to the Lessee and the Indemnitee at the Lessee's expense.

Appears in 1 contract

Samples: Participation Agreement (Station Casinos Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien other than a Lessor Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien other than a Lessor Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased the Property, any SiteImprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except with respect to any of the foregoing Lessor Liens and Liens in favor of the Lessee Lessor; (g) subject to the accuracy of Lessor's representation set forth in Section 6.1(a), the transactions contemplated by this Lease or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; or (h) the Bonds (as defined in Section 33.15) and any agreement to which the Lessor is a party relating to the Bonds, including, without limitation, that certain Escrow Agreement dated on or about the date hereof between the Lessor and The First National Bank of Santa Fe, that certain Current Assumption and Current/Delayed Termination and Release of Regulatory Agreement dated on or about the date hereof among The First National Bank of Santa Fe, the City of San Fe, New Mexico and the Lessor and that certain Regulatory Agreement dated as of March 1, 1995 among The First National Bank of Santa Fe, the City of San Fe, New Mexico and the Lessor, but expressly excluding any Lessor Liensas successor by assignment from Xxxxx De Xxxx Limited Partnership (the "Regulatory Agreement"); and (vii) any Environmental Claim. provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 26.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the return or remarketing of the Property so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described herein under Operative Documents, and (4) any Claim arising from a breach or from insurance paid for alleged breach by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by of any agreement entered into in connection with the Lessee assignment or participation of Rent. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under this Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 26.1, this Section 26.1 shall be construed as an indemnity amount received by such Indemnitee in respect only and not a guaranty of such matters from a Person (other than residual value of the Lessor) unrelated to such IndemniteeProperty.

Appears in 1 contract

Samples: Lease Agreement (Brookdale Living Communities Inc)

General Indemnification. (a) Subject Each of Century and the Major Stockholders, jointly and severally, covenants and agrees to clauses indemnify, defend, protect and hold harmless AppNet and Sub, and their respective officers, directors, employees, stockholders, assigns, successors and affiliates (bindividually, a "Buyer Party" and collectively, the "Buyer Parties") from, against and in respect of all liabilities, losses, claims, damages, punitive damages, causes of actions, lawsuits, administrative proceedings (including informal proceedings), investigations, audits, demands, assessments, adjustments, judgments, settlement payments, deficiencies, penalties, fines, excise taxes, interest (including interest from the date of such damages) and costs and expenses (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to reasonable attorneys' fees and disbursements of every kind, nature and description) (collectively, "Damages") suffered, sustained, incurred or paid by the applicable Recourse Deficiency Amount) that directly Buyer Parties, in any action or indirectly relate to, result from proceeding between Century and all or arise out of or are alleged to relate to, result from or arise out of any of the following Major Stockholders and the Buyer Parties or between the Buyer Parties and a third party, in connection with, resulting from or arising out of, directly or indirectly: (whether i) the inaccuracy of any representation or not the breach of any such Indemnitee is indemnified as warranty set forth in Section 4 of this Agreement; (ii) the nonfulfillment of any covenant or agreement on the part of Century or the Major Stockholders set forth in this Agreement or in any agreement or certificate executed and delivered by Century or the Major Stockholders pursuant to such matter by this Agreement or in the transactions contemplated hereby; (iii) any and all Taxes which are (A) imposed on the Stockholders or any member (other Person than Century) of the consolidated, unitary or combined group which includes or included Century, that AppNet, or Century pay or otherwise satisfy in whole or in part; and whether (B) imposed on Century in respect of its income, business, property or not such Claim arises operations or accrues for which Century may otherwise be liable (x) for any taxable period ending on or prior to the Closing Date, or (y) resulting by reason of the several liability of Century pursuant to Treasury Regulations Section 1.1502-6 or any analogous state, local or foreign law or regulation or by reason of Century having been a member of any consolidated, combined or unitary group on or prior to the Closing Date; (iv) a cost disallowance proposed by the Defense Contract Audit Agency or the National Library of Medicine in any audit for periods ending prior to the Effective Time; (v) Government Contract Liability (as such term is defined herein); and (vi) the business, operations or assets of Century on or before the Closing Date (except as otherwise disclosed in the Financial Statements or after the Lease Expiration Schedules to this Agreement) or the actions of Century's directors, officers, shareholders, employees or agents before the Closing Date):. (b) AppNet and Sub covenant and agree to indemnify, defend, protect and hold harmless (i) each Leased Propertyany Major Stockholder and his or her respective assigns, each Site, the Lessee Collateral or, in each case, any part thereof; successors and affiliates and (ii) Century and its respective officers, directors, employees, stockholders, assigns, successors and affiliates (individually, a "Seller Party" and collectively, the "Seller Parties") from, against and in respect of all Damages suffered, sustained, incurred or paid by the Seller Parties, in any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement action or proceeding between the Seller Parties and the Buyer Parties or between the Seller Parties and a third party, in connection therewithwith, and any amendmentresulting from or arising out of, modification directly or waiver in respect thereof; indirectly: (iiii) the regulation inaccuracy of any representation or the ownership, construction, installation, leasing, use breach of any warranty set forth in Section 5 of this Agreement; and (ii) the nonfulfillment of any covenant or operation agreement on the part of each Leased Property, each Site AppNet and Sub set forth in this Agreement or in any part thereof, but only agreement or certificate executed and delivered by AppNet or Sub or pursuant to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to this Agreement or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents;hereby. (ivc) Notwithstanding the offerforegoing provisions of Section 9.1(a) and (b), financingif Closing occurs, refinancing(i) Century shall not be an Indemnifying Party (as defined below) or otherwise be subject to the indemnification and other obligations contained in Section 9.1(a), inspectionand the Major Stockholders, mortgagingif Closing occurs, pledginghereby waive any right to contribution, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title reimbursement or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment right to recovery that they might otherwise have against Century in connection with any such indemnification or other application or disposition of all or any part of each Leased Property or any product produced therewithobligations, each Site or any interest therein or improvements thereto or the failure and (ii) Century shall not be deemed a party to perform or accomplish any of the foregoing representations, warranties or covenants made by it pursuant to this Agreement or any certificate, document or instrument in accordance with connection herewith, and, if Closing occurs, the requirements of the Operative DocumentsMajor Stockholders hereby waive any right to contribution, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent reimbursement or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title right to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied recovery that they might otherwise have against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party Century in connection with the preparation by any such third party of a report representations, warranties or other document required covenants, and (iii) Century shall be deemed to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeBuyer Party.

Appears in 1 contract

Samples: Merger Agreement (Appnet Systems Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) the Land, the Building or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessor; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement; (g) the existence of any Lien on or with respect to any the Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as item (a) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; or (i) any act or omission by the Lessee under any Operative Document, and any breach of any requirement, condition, restriction or limitation in the Deed; provided, however, the Lessee shall not be required to indemnify any Indemnitee -------- ------- under this Section 7.1 for any of the following: (1) any Claim to the extent ----------- that such Claim results from the willful misconduct or gross negligence of such Indemnitee,(2) any Claim to the extent resulting from or arising out of any representation or warranty by any Indemnitee in the Operative Documents being incorrect, (3) any Claim to the extent resulting from or arising out of any fraud of such Indemnitee, (4) any Claim to the extent resulting from or arising out of the breach of any provision of the Operative Documents by such Indemnitee (other than the failure of Lessor to make payments in respect of the Loans), (5) subject to Sections 7.2 and 7.4, any Claim to the extent resulting from or ------------ --- arising out of the violation by such Indemnitee of any law, rule or regulation binding upon an Indemnitee, unless, in the case of clauses (2), (4) and (5), ----------- --- --- such inaccuracy, breach or violation was caused by, or resulted from, an inaccurate representation or warranty, action, failure to act or breach of the Operative Documents on the part of the Lessee or its Subsidiaries (including, without limitation, in the Lessee's capacity as agent for the Lessor), but expressly excluding any Lessor Liens; and or (vii6) any Environmental ClaimClaim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents. Lessee It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be entitled to credit against separate and independent from any payments due to an Indemnitee other remedy under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of Master Agreement, the matters described herein under Lease or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Sterling Commerce Inc)

General Indemnification. (a) Subject to clauses (bSections 13.1(b) and (f) below13.3, whether or not any of the transactions contemplated hereby shall be consummated, Lessee will shall pay and assume liability for, and does hereby agree to indemnify, defend protect, defend, save and hold keep harmless each General Indemnitee harmless, on a Grossed-Up Basis, an After Tax Basis from and against any and all Claims that may be imposed on, incurred by or asserted against such General Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such General Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article XIII or such General Indemnitee is shall also be indemnified as to any such matter Claim by any other Person Person, and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in each case under this Section 13.1(a), arising out of or in any way relating to: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or Documents, any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (ii) the Subject Property, the CSC Sublease, any Fifth Floor Sublease, or any part thereof or interest therein; (iii) the regulation of the ownershippurchase, manufacturing, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, use, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to Section 15.1, rental16.2, use18.1 or 18.2 of the Lease or any sale or transfer pursuant to Articles XX or XXI of the Lease), operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property any interest in the Subject Property, the CSC Sublease or any product produced therewith, each Site or any interest therein or improvements thereto Fifth Floor Sublease or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (A) Claims or penalties arising under any agreements or obligations from any violation of law or in tort (strict liability or otherwise)) by Lessee, Collateral Agent, Lessor, any Lender or any other Person or with respect to the use, ownership, possession, operation or maintenance of the Subject Property, the CSC Sublease or any Fifth Floor Sublease, (B) any Claim resulting from or related to latent or other defects, whether or not discoverablediscoverable relating to the Subject Property, the CSC Sublease or any Fifth Floor Sublease, (C) any Claim resulting from or related to the purchase, acquisition, lease or transfer of the Subject Property, the CSC Sublease or any Fifth Floor Sublease, (D) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property the Subject Property, the CSC Sublease or a Siteany Fifth Floor Sublease, or (E) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Subject Property, the CSC Sublease, any Fifth Floor Sublease or any part thereof; (iv) the offer, any Claim for patentissuance, trademark sale, transfer or copyright infringement, and Claims arising from any public improvements delivery of the Notes or Lessor’s Interest in accordance with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe terms of the Participation Agreement; (v) a the breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant it with respect to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Documentagreement relating thereto; (vi) the existence of transactions contemplated hereby or by any Lien on or with other Operative Document, in respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason prohibited transaction described in Section 4975(c) of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andCode; (vii) the retaining or employment of any Environmental Claim. broker, finder or financial advisor by the Lessee shall be entitled to credit against any payments due to an Indemnitee under act on its behalf in connection with this Section 7.1 both Participation Agreement; or (xviii) any insurance recoveries received other agreement entered into or assumed by such Indemnitee Lessee or its Affiliate in respect connection with the Subject Property, the CSC Sublease or any Fifth Floor Sublease (including, in connection with each of the matters described in this Section 13.1 to which this indemnity shall apply, matters based on or arising from the negligence of any General Indemnitee). It is expressly understood and agreed that the indemnities provided for herein shall, except as otherwise provided in Section 13.1(b), survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Silicon Laboratories Inc)

General Indemnification. (a) Subject The Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Acquisition Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (ii) the Properties or any part thereof or interest therein; Tandem Health Care of Ohio, Inc. Participation Agreement (iii) the regulation of the ownershippurchase, design, construction, preparation, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgagingdelivery, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionnondelivery, acceptance, rejection, deliveryownership, nondelivery, redeliverymanagement, possession, transportationoperation, rental, lease, sublease, installationrepossession, maintenance, repair, alteration, modification, addition or substitution, storage, transfer of title, redelivery, use, financing or refinancing by the Lessee, disposition, operation, condition, transfer sale (including without limitation, any sale pursuant to Section 16.2(d) or 16.2(f) of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Properties or the failure to perform or accomplish imposition of any Lien except Lessor Liens and Liens in favor of the foregoing in accordance with Purchasers or the requirements Lessor (or incurring of the Operative Documentsany liability to refund or pay over any amount as a result of any such Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Siteany Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased any Property or any part thereof, (5) any Claim for patent, trademark or copyright infringementinfringement with respect to any Property, and (6) Claims arising from any public improvements with respect to a Leased any Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site Properly or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property such Property, or any Claim for utility “tap-in” fees; (viv) a the breach by Lessee or the Lessee Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant by it by any Operative Document; (v) the retaining or employment of any broker, finder or financial advisor by any Lessee to act on its behalf in connection with this Participation Agreement or any other Operative Document; (vi) the existence of any Lien on or with respect to any Leased Propertythe Properties, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Purchasers or the Lessor, but expressly excluding any Lessor Liens; and (vii) subject to the accuracy of any Environmental Claim. Participant’s representation set forth in Section 8.1 (a), as to such Participant, the transactions contemplated by the Lease or by any other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; Tandem Health Care of Ohio, Inc. Participation Agreement provided, however, that the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens attributable to such Indemnitee, (3) any Claim arising from a breach or alleged breach by such Indemnitee of any Operative Document or any agreement entered into in connection with the assignment or participation of any Purchased Interest or Lessor Amount, and (4) any Claim arising in respect to any Property to the extent attributable to acts or events occurring in the period after the Lessee ceases to lease such Property from the Lessor, provided that the facts supporting such Claim occur after such period. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity only and not a guaranty of residual value of the matters described herein under Properties or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to as a guaranty of the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeAmounts.

Appears in 1 contract

Samples: Participation Agreement (Tandem Health Care, Inc.)

General Indemnification. (a) Subject Each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee’s negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) a the breach or alleged breach by the Concord or any other Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vid) the retaining or employment of any broker, finder or financial advisor by Concord or any other Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained or deemed retained by the Lessor, the Agent or any Lender); (e) the existence of any Lien (other than Lessor Liens) on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by any Lessee; (f) the Lesseetransactions contemplated hereby or by any other Operative Document, except Liens in favor respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor Liens; andCode; (viig) any Environmental Claim. act or omission by Concord or any other Lessee under any Purchase Agreement or any other Operative Document, or any breach by Concord or any other Lessee of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement, IDB Documentation or Ground Lease; or (h) any IDB Documentation; provided, however, no Lessee shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any Claim to the extent that such Claim results from any of the following: (x1) any insurance recoveries received Claim to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee, (2) any Claim resulting from Lessor Liens under the Operative Documents, (3) any Claims resulting from a breach of the Operative Documents by such Indemnitee, (4) any Claim resulting from a violation of Applicable Law by such Indemnitee that relates to the general business of such Indemnitee or (5) any Claim arising from events occurring after payment in respect full of the matters described herein under Lease Balance and the termination of the Lease in accordance with the terms thereof (including the return or from insurance paid for by any Person other than sale of the Indemnitee or an Affiliate thereof or assigned Leased Properties pursuant to the Lessor by terms thereof); and, provided, further, that with respect to each Construction Land Interest, each Lessee’s indemnity obligations with respect to such Leased Property shall be governed by, and expressly limited to the Lessee matters covered by, Section 3.3 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Concord Efs Inc)

General Indemnification. (a) Subject The Lessee agrees to clauses (b) assume ----------------------- liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or asserted against any portion thereof subject to any limitations set forth in the Operative DocumentsIndemnitee, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Indemnitee shall also be indemnified as to any such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral orby any other Person, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, constructionoperation, installationpossession, use, improvement, leasing, use subleasing, disposition or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition maintenance of all or any part of each Leased the Property (or any product produced therewithReplacement Property), each Site (b) the construction, design, purchase, acceptance, rejection, modification, substitution or condition of the Property (or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsReplacement Property), other agreements governing such matters or Applicable Laws or Regulations including, including without limitation, Claims limitation claims or penalties arising from any violation of law Applicable Laws and Regulations, without regard to whether compliance therewith is required by the terms of this Lease or liability in tort (strict liability or otherwise), latent (c) any Release, violation of Environmental Laws, Environmental Claim or other defectsloss of or damage to any property or the environment relating to the Property (or any Replacement Property) or the Lessee (including, whether without limitation, all expenses associated with remediation, response, removal, corrective action, financial assurance, natural resource damages and the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required under applicable Environmental Laws), (d) the Operative Documents, or not discoverablethe transaction contemplated thereby, any Claim based upon a violation or alleged violation including, without limitation, the transfer of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Land, the making of Improvements and the Fixtures (and any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant Replacement Property) to the Lease which policies are in effect at Lessor or (e) any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee or the Seller of any of its covenants their representations or warranties under the Operative Documents (including, without limitation, any Operative Document, such breach of representations relating to the Lessor's title to any portion of the Property (or a misrepresentation any Replacement Property)) or failure by the Lessee or the Seller to perform or observe any covenant or agreement to be performed by it under any of the Operative Documents; provided, however, that the Lessee shall not be required to -------- ------- indemnify an Indemnitee under this Section 20.1 for any of the following: (including 1) with respect to the Lease, any omission Claim to the extent attributable to acts or events which occur after the later of (A) the expiration of the Lease Term or earlier termination of the Lease (and, if required by Lessee that makes the terms of the Lease, the surrender of the Property (or any representation made by Lessee materially misleadingReplacement Property) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant or its assigns) (except to any Operative Document, the extent fairly attributable to acts or the occurrence of any Default events occurring or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; accruing prior thereto) and (viB) the existence surrender of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out possession of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the LesseeLessor, (2) any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or any of its contractors Indemnitee Group (other than willful misconduct or agents or gross negligence which is imputed as a matter of law to such Indemnitee by reason virtue of a Lessor's ownership of the financing of Property or any personality Replacement Property), (3) any cost or equipment purchased expense expressly provided under the Operative Documents to be paid or leased borne by a party other than the Lessee Seller or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii4) any Environmental Claim. Lessee Claim resulting from a transfer by any Indemnitee of all or part of its interest in a Lease, the other Operative Documents or any Property, other than (w) while a Lease Event of Default shall have occurred and be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both continuing, (x) any insurance recoveries received by such Indemnitee in respect a transfer as a result of the matters described herein under an Event of Loss or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned Event of Taking pursuant to the Lessor by the Lessee and Lease, (y) any other indemnity amount received by such Indemnitee in respect of such matters a transfer resulting from Lessee's election to terminate the Lease pursuant to Section 6.1 or to cause a Person (other than the Lessor) unrelated to such Indemnitee.substitution

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

General Indemnification. (a) Subject Each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) a the breach or alleged breach by the Concord or any other Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vid) the retaining or employment of any broker, finder or financial advisor by Concord or any other Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained or deemed retained by the Lessor, the Agent or any Lender); (e) the existence of any Lien (other than Lessor Liens) on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by any Lessee; (f) the Lesseetransactions contemplated hereby or by any other Operative Document, except Liens in favor respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor Liens; andCode; (viig) any Environmental Claim. act or omission by Concord or any other Lessee under any Purchase Agreement or any other Operative Document, or any breach by Concord or any other Lessee of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement, IDB Documentation or Ground Lease; or (h) any IDB Documentation; provided, however, no Lessee shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any Claim to the extent that such Claim results from any of the following: (x1) any insurance recoveries received the willful misconduct or gross negligence of such Indemnitee, (2) Lessor Liens under the Operative Documents, (3) a breach of the Operative Documents by such Indemnitee, (4) a violation of Applicable Law by such Indemnitee that relates to the general business of such Indemnitee or (5) events occurring after payment in respect full of the matters described herein under Lease Balance and the termination of the Lease in accordance with the terms thereof (including the return or from insurance paid for by any Person other than sale of the Indemnitee or an Affiliate thereof or assigned Leased Properties pursuant to the Lessor by terms thereof); and, provided, further, that with respect to each Construction Land Interest, each Lessee's indemnity obligations with respect to such Leased Property shall be governed by, and expressly limited to the Lessee matters covered by, Section 3.3 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Concord Efs Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein, including any Ground Lease; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessor; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement or the Transaction, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (g) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title to any Leased Property, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. act or omission by the Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement or Ground Lease; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received Claim to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee, or (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, in each case, as determined by a court of competent jurisdiction in a final and nonappealable judgment, and, provided, further, that with respect to each Construction Land Interest, the Lessee's indemnity obligations with respect to such Indemnitee in respect Leased Property, shall be governed by Section 3.4 of the matters described Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other remedy under this Master Agreement, the Lease or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor Operative Document. All amounts payable by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated pursuant to such Indemniteethis Section 7.1 shall be Supplemental Rent.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any ----------------------- of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless on an after-tax basis (in accordance with Section 7.5) each Indemnitee harmless, on a Grossed-Up Basis, from and ----------- against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission, includingnegligent or otherwise, without limitationby such Indemnitee or otherwise), payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Initial Advance Date or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; or (iiib) the regulation of Leased Property or any part thereof or interest therein; or (c) the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non- delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations sale (including, without limitation, any sale pursuant to Section 8.2 or Section 9.1), return or other disposition of all or ----------- ----------- any part of any interest in the Leased Property or the imposition of any Lien (or incurrence of any liability to refund or pay over any amount as a result of any Lien) thereon, including, without limitation: (i) Claims or penalties arising from any violation of law Applicable Law or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including, without limitation, investigation costs, clean-up costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverablediscoverable by Lessee or any Indemnitee, (iv) any Claim based upon a violation Claims resulting from the existence or alleged violation of the terms Release of any restriction, easement, condition Hazardous Materials at or covenant or other matter affecting title to a from the Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (v) any Claim for patent, trademark trademark, trade name or copyright infringement, and Claims arising from provided, that the matters in this clause (c) shall -------- ---------- be without duplication of any public improvements with respect matter for which indemnification is provided pursuant to a Leased Property the Environmental Indemnity; (d) the offer, issuance, sale or a Site resulting in any change delivery of the Certificates; (e) the breach or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a alleged breach by the Lessee of any of its covenants under representation or warranty made by it or deemed made by it in any Operative Document, ; (f) the transactions contemplated hereby or a misrepresentation by the Lessee any other Operative Document in respect of any Prohibited Transaction; or (including g) any omission other agreement entered into or assumed by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report Leased Property (including, in each -63- case, matters based on or other document required to be delivered pursuant to any Operative Document; (vi) arising from the existence negligence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental ClaimIndemnitee). Lessee shall not be entitled required to credit against any payments due to an Indemnitee indemnify under this Section 7.1 both for (x1) as ----------- to an Indemnitee, any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or to the extent resulting from the breach of representations, warranties or covenants of such Indemnitee (including, in the case of clause (f) of this Section 7.1, the representation of ---------- ----------- such Certificate Purchaser set forth in Section 10.2(a) and the covenant of such --------------- Certificate Purchaser set forth in Section 11.6(a)(iii)), (2) any insurance recoveries received by Claims in -------------------- respect of Taxes (such Claims to be subject to Section 7.2), other than a ----------- payment necessary to make payments under this Section 7.1 on an after-tax basis, ----------- provided, that this clause (2) does not apply to any taxes or penalties included -------- ---------- in Claims against which the Indemnitee is provided an indemnification under clause (f) of this Section 7.1, (3) as to an Indemnitee, any Claim resulting ---------- ----------- from Lessor Liens which such Indemnitee in respect is responsible for discharging under the Operative Documents and (4) as to any Indemnitee, any Claim which the Indemnitor is unable to legally contest as a result of the matters described herein under or from insurance paid for by any Person other than failure of the Indemnitee or an Affiliate thereof or assigned to deliver in a timely manner notice to the Lessor by the Lessee Indemnitor of such Claim or proposed Claim, and (yi) any other indemnity amount received by such Indemnitee failure directly results in respect Indemnitor's inability to contest such Claim and (ii) Indemnitor does not independently have knowledge of such matters from a Person (other than the Lessor) unrelated to such IndemniteeClaim.

Appears in 1 contract

Samples: Lease Agreement (Alco Standard Corp)

General Indemnification. (a) Subject The Company agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing applicable Acquisition Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Properties or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Section 16.2(c), 16.2(e) or 18.3 of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Properties or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Properties, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased Property the Properties or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased Property or a Site the Properties resulting in any change or special assessments being levied against such Leased any Property or such Site Properties or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property of the Properties, or any Claim for utility "tap-in" fees; (vd) a the breach by the Company or any other Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Company or any other Lessee to act on its behalf in connection with this Participation Agreement; (f) the existence of any Lien on or with respect to any Leased Propertythe Properties, any Sitethe Improvements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site the Properties or by reason of labor or materials furnished or claimed to have been furnished to the any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations Modifications constructed by the any Lessee, except Lessor Liens and Liens in favor of the Lessee Lenders or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of any Environmental Claim. Lessee shall be entitled Participant's representation set forth in SECTION 7.1(a), as to credit against such Participant, the transactions contemplated by the Master Lease or by any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein in Section 4975(c) of the Code; PROVIDED, HOWEVER, that the Company shall not be required to indemnify any Indemnitee under this SECTION 11.1 for any of the following: (1) any Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee or any Affiliate of such Indemnitee (IT BEING UNDERSTOOD that the Company shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or from insurance paid the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which the Administrative Agent, the Lessor, any Lender or the Lessor is responsible for by discharging under the Operative Documents, (3) any Person other than the Indemnitee or an Affiliate thereof or assigned Claim to the extent attributable to acts or events occurring after the Expiration Date or the return or remarketing of the Properties so long as the Administrative Agent, the Lessor, the Lenders and the Lessor by are not exercising remedies against the Company or any Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters the Operative Documents which they are then entitled to exercise, and (4) any Claim arising or breach by any Lender or the Lessor of its Commitments under any Operative Document from a Person (breach or alleged breach by the Lenders or the Lessor of any agreement entered into in connection with the assignment or participation of any Loan or Equity Amount. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Master Lease or any other than Operative Document. Without limiting the Lessor) unrelated to such Indemniteeexpress rights of any Indemnitee under this SECTION 11.1, this SECTION 11.1 shall be construed as an indemnity only and not a guaranty of residual value of the Properties or as a guaranty of the Notes.

Appears in 1 contract

Samples: Master Lease and Open End Mortgage (Cardinal Health Inc)

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General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, (on a Grossedan after-Up Basis, tax basis in accordance with Section 7.5) from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise including Claims arising out of or are alleged to relate tosuch Indemnitee's negligence), result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date initial Advance Date, during the Lease Term or after the Lease Expiration Termination Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; ; or (iiib) the regulation of Property or any part thereof or interest therein; or (c) the ownershipacquisition, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, occupancy, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including any sale pursuant to Section 6.3 of title the Lease or any sale pursuant to Article XVIII of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased the Property or any product produced therewith, each Site or any interest therein or improvements thereto the imposition of any Lien (or the failure incurrence of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law law, including Applicable Law, or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including investigation costs, clean-up costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverablediscoverable by Lessee or any Indemnitee, (iv) any Claim based upon a violation Claims resulting from the existence or alleged violation of the terms Release of any restrictionHazardous Materials at, easementunder, condition above or covenant or other matter affecting title to a Leased from the Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (v) any Claim for patent, trademark trademark, tradename or copyright infringement; (d) the offer, and Claims arising from any public improvements with respect to a Leased Property issuance, sale or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; delivery of the Notes; (ve) a the breach by the Lessee of any of its covenants under representation or warranty made by it or deemed made by it in any Operative Document, ; (f) the transactions contemplated hereby or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; (g) any other agreement entered into or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided assumed by any such party to any third party Lessee in connection with the preparation by such third party Property (including, in each case, matters based on or arising from the negligence of a report or other document required to be delivered pursuant to any Operative Document; Indemnitee); (vih) the existence imposition of any Lien on the Property other than Lessor Liens; (i) enforcing the Operative Documents or with respect exercising remedies thereunder; (j) any violation of any Applicable Law by Lessee or its directors, officers, employees, administrative agents or servants; or (k) any amount for which an indemnification payment would be payable to any Leased Propertyof the Agents under Section 7.7 of the Loan Agreement. Lessee shall not be required to indemnify under this Section 7.1 for (1) as to an Indemnitee, any Site, title thereto, Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (other than any interest therein gross negligence or any Basic Rent or Supplemental Rent, including any Liens which arise out willful misconduct imputed as a matter of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or law to such Indemnitee solely by reason of labor its participation in the Transactions and entering into the Operative Documents, its interest in the Property or materials furnished the acts or claimed omissions of the Lessee), (2)as to have been furnished any Indemnitee, any Claim for bodily injury or property damage to the Lesseeextent resulting from the negligence or willful misconduct of such Indemnitee where such negligence or willful misconduct occurs on the Land or in the Facility; (3) any Claims in respect of Taxes (such Claims to be subject to Section 7.2), other than a payment necessary and sufficient to cover any Taxes which may be imposed as a result of such indemnity payment under this Section 7.1 on an after-tax basis, provided, that this clause (3) does not apply to any taxes or penalties included in Claims against which the Indemnitee is provided an indemnification under clause (f) of this Section 7.1, (4) as to an Indemnitee, any of its contractors or agents or Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents, (5) voluntary transfers by reason Lessor of the financing Property, except for transfers of any personality or equipment purchased or leased the Property required by the Lessee or Alterations constructed by the Lessee, except Liens in favor arising as a result of the Lessee or exercise of remedies under the LessorLease; and (6) as to any Indemnitee, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit Claim arising from legal proceedings commenced against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person Loan Participant (other than legal proceedings arising from or relating to any act or omission of Lessee or Guarantor). In the Lessor) unrelated event that the indemnification provided for herein is prohibited by Applicable Law, Lessee will contribute to such Indemniteea Claim to the maximum extent permitted by law, and indemnification by Lessee for events which occur during the term of the Lease or while Lessee is in possession of the Property, will not be affected by a termination of the Lease.

Appears in 1 contract

Samples: Participation Agreement (Reebok International LTD)

General Indemnification. (a) Subject The Representative agrees whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing applicable Acquisition Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Properties or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Section 16.2(d) or 16.2(f) of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Properties or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Properties, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the each Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.Properties or

Appears in 1 contract

Samples: Participation Agreement (Beverly Enterprises Inc /De/)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) the Land, the Building or any part thereof or interest therein, including any Ground Lease; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, the Building or otherwise on or with respect to the Leased Property; (vd) a the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (f) the existence of any Lien on or with respect to any the Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee; (g) the transactions contemplated hereby or by any other Operative Document, except Liens in favor respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viih) any Environmental Claim. act or omission by the Lessee under the Ground Lease or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in the Ground Lease or any other Operative Document; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an -------- ------- Indemnitee under this Section 7.1 both (x) for any insurance recoveries received Claim to the extent that such ----------- Claim results from the willful misconduct, gross negligence or misrepresentation of such Indemnitee; and, provided, further, that with -------- ------- respect to the Construction Land Interest, the Lessee's indemnity obligations with respect to such Leased Property shall be governed by such Indemnitee in respect Section 3.3 of the matters described Construction Agency Agreement during the Construction ----------- Term therefor. It is expressly understood and agreed that the indemnity provided for herein under shall survive the expiration or termination of, and shall be separate and independent from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Jones Financial Companies Lp LLP)

General Indemnification. (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Return Price Recourse Deficiency Amount, the Recourse Deficiency Amount or Construction Recourse Amount, as applicable) that directly or indirectly relate to, result from or arise out of or are alleged by Persons other than any Indemnitee to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date, the Completion Date or after the Maturity Date or the Lease Expiration Date): (i) each the Leased Property, each the Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each the Leased Property, each the Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting granting, of a security interest in, the design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each the Leased Property or any product produced therewith, each the Site or any interest therein or improvements thereto or the imposition of any Lien thereon, or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or and Regulations including, without limitation, : Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a the Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a the Leased Property or a and the Site resulting in any change or special assessments being levied against such the Leased Property or such the Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee such party materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee such party to the Lessor Agents or any Participant pursuant to any Operative Document, or during the occurrence continuance of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) other than the Lessor’s Liens, the existence of any Lien on or with respect to any the Leased Property, any the Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any the Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee Lessee, the Collateral Agent or the Lessor, but expressly excluding any Lessor Liens; and; (vii) any Environmental Claim, including, without limitation, those indemnified under Section 13.8 of the Lease and Section 3.4 of the Construction and Development Agreement; and (viii) the offer, issuance, sale, transfer or delivery of the Lessor Investments and the Rent Assignment Interests. The Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee; provided, to the extent any such insurance amounts or indemnity amounts referenced in the foregoing subsections (x) or (y) are utilized for one purpose (for example, such as addressing a remediation expense in the context of an Event of Loss), then such insurance amount or indemnity amount shall not be available, or deemed available, for any other purpose (for example, such as rebuilding the Leased Property in the context of an Event of Loss).

Appears in 1 contract

Samples: Participation Agreement (Cubic Corp /De/)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Leased Assets or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in any Leased Asset or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law a Governmental Rule or Claims in tort (strict liability or otherwise)) arising out of or in connection with any accident, injury or death of any person or loss or damage to any property, (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a SiteAsset, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a any Leased Property Asset or any part thereof, (5) any Claim for patent, trademark or copyright infringement, (6) Claims which would otherwise be covered by insurance policies of the Lessee, as required by Article XVII, and (7) Claims arising from any public improvements with respect to a Leased any Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; or (f) the existence of any Lien on or with respect to any Leased PropertyAsset, any Site, title thereto, any interest therein or any Basic Base Rent or Supplemental Rent, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site Asset or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personal property or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or Lessor; provided, however, the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 26.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim to the extent attributable to acts or events occurring after the expiration or termination of the Lease Term and the return or remarketing of any Leased Asset so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described herein under Operative Documents, or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y3) any other indemnity amount received by such Indemnitee in respect of such matters Claim arising from a Person (breach or alleged breach by an Indemnitee of any agreement entered into in connection with the assignment or participation of Rent. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under this Lease or any other than Operative Document. Without limiting the Lessor) unrelated to such Indemniteeexpress rights of any Indemnitee hereunder, this Section 26.1 shall be construed as an indemnity only and not a guaranty of residual value of any Leased Asset.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Coherent Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amountomission by such Indemnitee or otherwise) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Maturity Date):, in any way relating to or arising out of the transactions contemplated by this Participation Agreement and the other Operative Documents, including, without limitation: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (ii) the Properties or any part thereof or interest therein; (iii) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, assignment, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including without limitation, any sale pursuant to Section 16.2(d) or 16.2(f) of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Properties or the failure to perform or accomplish imposition of any of the foregoing in accordance with the requirements of the Operative DocumentsLien thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Siteany Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased any Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.Xxx Research Corporation Participation Agreement

Appears in 1 contract

Samples: Participation Agreement (Lam Research Corp)

General Indemnification. (a) Subject The Lessee and the Guarantor jointly and severally agree, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Date):Financing Termination Date or the Maturity Date (as applicable), in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, hereby or any investigation, litigation, enforcement or proceeding in connection therewithpursuant to the Overall Transaction, and any amendment, modification or waiver in respect thereofthereof including, without limitation, any Claim directly or indirectly arising out of or relating to, or alleged to directly or indirectly arise out of or relate to, any fact, circumstance or condition in existence at any time prior to the execution and delivery of this Participation Agreement (whether or not such fact, circumstance or condition was known or knowable by the Lessee, the Guarantor or any other Person and notwithstanding any due diligence or other investigation by any Indemnitee), (b) the Property or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including any sale pursuant to the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, including, but not limited to, the terms set forth in the Redwood Shores Documents, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee or the Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate required to be delivered by any Operative Document or other document delivered in connection with the Overall Transaction; (e) the retaining or employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party act on its behalf in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Documentthis Participation Agreement; (vif) the existence of any Lien on or with respect to any Leased the Property, any Siteimprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personally or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens created under the Operative Documents in favor of one or more of the Lessee Lessor Parties; . (g) the transactions contemplated by this Participation Agreement, any other Operative Document or in connection with the Overall Transaction, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Revenue Code; (h) any indemnification claim made against any Liquidity Bank under the Liquidity Documentation; (i) the sale of the Partnership Interests by the Existing Partners to the New Partners, the offer by the New Partners to the Existing Partners to acquire the Partnership Interests and the acquisition by the New Partners of the Partnership Interests or the provision of financing therefore pursuant to this Participation Agreement or the other Operative Documents or any fact, circumstance or condition directly or indirectly related hereto or thereto (or alleged to directly or indirectly relate hereto or thereto) (whether or not such fact, circumstance or condition was known or knowable by the Lessee, the Guarantor or any other Person and notwithstanding any due diligence or other investigation by any Indemnitee), including, without limitation, (i) invalid title to the transferred Partnership Interests or the Property, (ii) Liens against the Partnership Interests or the Property (other than Permitted Exceptions), (iii) adverse claims affecting the Partnership Interests or the Property, (iv) pre-existing actions, suits or claims against the Partnership Interests or the Property (whether known or unknown), (v) taxes or tax deficiencies against the Lessor, but expressly excluding the Partnership Interests or the Property (whether pre-existing or arising in connection with the transfer of the Partnership Interests to the New Partners), (vi) violations of any Lessor Liens; and rules or regulations promulgated by any Governmental Authority (including federal or state securities laws) arising as a result of ownership of the Property or the transfer of the Partnership Interests to the New Partners, and (vii) adverse claims arising under any Environmental Claim. federal or state bankruptcy or insolvency laws related to the transfer of the Partnership Interests to the New Partners; or (j) to the extent not otherwise provided pursuant to clauses (a) through (i) above, any Claim directly or indirectly arising out of or relating to the Pre-existing Transaction; provided, however, neither the Lessee nor the Guarantor shall be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee and the Guarantor shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens to the extent such Indemnitee is in breach of any obligation under the Operative Documents to discharge such Liens, (3) any Claim to the extent solely attributable to acts or events attributable to such Indemnitee and occurring after the return of the Property or the Financing Termination Date or the Maturity Date (as applicable) so long as no Default or Event of Default shall have occurred and be continuing as of the date of such return, the Financing Termination Date or the Maturity Date (as applicable), (4) any Claim arising from a breach by such Indemnitee of any agreement entered into in respect connection with the assignment or participation of any interest of such Indemnitee under this Participation Agreement or the other Operative Documents, (5) Taxes (other than, without duplication of any indemnity under Section 13.4, Structural Impositions, Prior Impositions and Taxes necessary for any claim under this Section 13.1 to be indemnified on an After-Tax Basis) or (6) any Claim arising solely from the failure of such Indemnitee to comply with laws applicable to banks or their affiliates generally or the failure of such Indemnitee to file any notice, report, filing or other document required by any Governmental Authority regulating banks or their affiliates in connection with such Indemnitee's execution of, and participation in the transactions contemplated by, the Operative Documents or in connection with the Overall Transaction. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any remedy under, the Master Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity only and not a guaranty of residual value of the matters described herein under Property or from insurance paid for by any Person other than as a guaranty of the Indemnitee repayment of the Notes or an Affiliate thereof or assigned to the Lessor by redemption of the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeEquity Investment.

Appears in 1 contract

Samples: Participation Agreement (Electronic Arts Inc)

General Indemnification. (a) Subject to clauses (b) and (f) below, the Lessee will indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount or Construction Recourse Amount, as applicable) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date, the Completion Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Interim Rent, Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.

Appears in 1 contract

Samples: Participation Agreement (Lam Research Corp)

General Indemnification. (a) Subject The Lessee agrees whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnified Party, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnified Party (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnified Party or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is Indemnified Party shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents Agreements or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; MW 1997-1 Trust Participation Agreement (b) the Equipment or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgagingdelivery, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisitionnondelivery, acceptance, rejection, deliveryownership, nondelivery, redeliverymanagement, possession, transportationoperation, rental, lease, sublease, installationrepossession, maintenance, repair, alteration, modification, addition or substitution, storage, transfer of title, redelivery, use, financing, refinancing disposition, operation, condition, transfer sale (including without limitation, any sale pursuant to Section 16.2(f) of title the Lease or any sale pursuant to Section 18 of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Equipment, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Equipment or any part thereof, thereof and (5) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) a the breach by the Lessee or any Guarantor of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document Agreement or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative DocumentAgreement; (vie) the retaining or employment of any broker, finder or financial advisor by Lessee to act on its behalf in connection with this Participation Agreement or any other Operative Agreement; (f) the existence of any Lien on or with respect to any Leased Propertythe Equipment, any Site, title thereto, any interest therein or any Basic Periodic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, use or repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the LesseeEquipment, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of any Environmental Claim. Lessee shall be entitled Trust Certificate Purchaser's representation set forth in Section 3.4, as to credit against such Trust Certificate Purchaser, the transactions contemplated by the Lease or by any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Agreement, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein in Section 4975(c) of the Code. PROVIDED, HOWEVER, that the Lessee shall not be required to indemnify any Indemnified Party under or from insurance paid this Section 6.1 for by any Person other than of the Indemnitee or an Affiliate thereof or assigned following: (1) any Claim to the Lessor by extent resulting from the willful misconduct or gross negligence of such Indemnified Party (it being understood that the Lessee and shall be required to indemnify an Indemnified Party even if the ordinary (ybut not gross) negligence of such Indemnified Party caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnified Party set forth in any Operative Agreement, (2) any other indemnity amount received by such Indemnitee in respect of such matters Claim resulting from a Person (other than Lessor's Liens which the Lessor) unrelated to such Indemnitee.Lessor Trustee or any Certificate Holder is responsible for discharging under the Operative MW 1997-1 Trust Participation Agreement

Appears in 1 contract

Samples: Participation Agreement (Mail Well Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein, including any Ground Lease; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessee; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which by any third-party that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject to any limitations set forth in the Operative Documentsasserted against such Indemnitee, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior (except to the Closing Date extent such claim is covered by the insurance required by the Lease) and in any way relating to or after the Lease Expiration Date):arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (ii) the Land or any part thereof or interest therein; (iii) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non- delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation of each Leased Propertysubstitution, each Site storage, transfer or any part thereoftitle, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerredelivery, use, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each or any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or including (iv) the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation breach or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate required to be delivered under any Operative Document; (v) the retaining or other document delivered employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to any Operative Documentact on its behalf in connection with this Participation Agreement, or the occurrence authorization of any Default broker or Event of Defaultfinancial adviser retained or employed by any other Person who or which acts on Lessee's behalf, or the material inaccuracy incurring of any information provided fees or commissions to which the Lessor or the Lender might be subjected by any such party to any third party in connection with virtue of their entering into the preparation transactions contemplated by such third party of a report or other document required to be delivered pursuant to any Operative Documentthis Participation Agreement; (vi) the existence of any Lien on or with respect to any the Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of or title to or interest of any Person in the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, Lessee or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as items (i) and (ii) in favor the definition of the Lessee or the Lessor, but expressly excluding any Lessor Permitted Liens; andor (vii) any Environmental Claim. breach of any requirement, condition, restriction or limitation in the Ground Lease; provided, however, that the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for (x) any insurance recoveries received by Claim to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee (provided that the exception set forth in respect this clause (x) shall not apply to Lessor Indemnitees, which the Lessee shall, in any event, be obligated to indemnify, except as provided in Section 18.12 of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and Lease), (y) any other Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents or (z) any Claim which occurs or arises out of a time when the Lessee was not an owner, lessee or otherwise using or in possession of the Leased Property or any part thereof. It is expressly understood and agreed that the indemnity amount received by such Indemnitee in respect of such matters from a Person (other than provided for herein shall survive the Lessor) unrelated to such Indemnitee.expiration or

Appears in 1 contract

Samples: Participation Agreement (Eagle Usa Airfreight Inc)

General Indemnification. (a) Subject to clauses clause (b) and (f) below, the Lessee will agrees to indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amountthereof) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Document Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Sitethe Items of Equipment, the Lessee Collateral orCollateral, in each casethe Lessor Collateral, or any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; LSI Trust No. 2001-A Participation Agreement (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site the Items of Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interesttitle, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site the Items of Equipment or any interest therein or improvements improvements, additions or modifications thereto or the imposition of any Lien thereon, or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or and Regulations including, without limitation, : Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Items of Equipment, the making of any Alterations alterations or modifications in violation of any standards imposed by any insurance policies polices required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Items of Equipment or any part thereof, and any Claim for patent, trademark or copyright infringement, infringement and Claims arising from any public improvements with respect to a Leased Property violations of any environmental noise or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feespollution control laws; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor Certificate Trustee, Agent or any Participant pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party Lessee to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Sitethe Items of Equipment, title thereto, any interest therein or any Interim Rent, Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancyoperation, construction, repair or rebuilding of any Leased Property or any Site the Items of Equipment or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed alterations or modifications made by the Lessee, except Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (vii) any Environmental Claim. Lessee shall be entitled Claims related to credit against the Release from any payments due to an Indemnitee under this Section 7.1 both Item of Equipment of any substance into the environment, including (xwithout limitation) any insurance recoveries received by such Indemnitee in respect Claims arising out of the matters described herein under LSI Trust No. 2001-A Participation Agreement use of any Item of Equipment for the transportation or from insurance paid for by storage of any Person other than Hazardous Material; and (viii) the Indemnitee offer, issuance, sale, transfer, conversion or an Affiliate thereof or assigned to delivery of the Lessor by Notes and the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeCertificates.

Appears in 1 contract

Samples: Participation Agreement (Lsi Logic Corp)

General Indemnification. (a) Subject Each Guarantor and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee's negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) a the breach or alleged breach by the any Guarantor or any Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant by any Operative Document (without giving effect to any Operative Documentexception in any representation based on the absence of a Material Adverse Effect); (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.

Appears in 1 contract

Samples: Master Agreement (Borders Group Inc)

General Indemnification. (a) Subject Except as to clauses (b) and (f) belowmatters addressed in Section 13.5, the Lessee will agrees, whether or not any of the transactions contemplated hereby shall be consummated, to assume liability for, and to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amountomission by such Indemnitee or otherwise) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Documentation Date or after the Lease Expiration Maturity Date):, in any way relating to or arising out of the transactions contemplated by this Participation Agreement and the other Operative Documents, including, without limitation: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (ii) the Property or any part thereof or interest therein; (iii) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, assignment, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including without limitation, any sale pursuant to Section 16.2(d) or 16.2(f) of title the Master Lease or any sale pursuant to Article XV, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure to perform or accomplish imposition of any of the foregoing in accordance with the requirements of the Operative DocumentsLien thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, infringement with respect to the Property and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Property, or any Claim for utility "tap-in" fees; (iv) the breach or alleged breach by the Lessee or the Lessee Guarantor of any covenant, representation or warranty made or deemed made by it in any Operative Document or any certificate required to be delivered by it by any Operative Document; (v) a breach the retaining or employment of any broker, finder or financial advisor by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee Guarantor to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party act on its behalf in connection with the preparation by such third party of a report this Participation Agreement or any other document required to be delivered pursuant to any Operative Document;; and (vi) the existence of any Lien on or with respect to any Leased the Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee. (b) Notwithstanding the terms of clause (a) of this Section 13.1, except Liens in favor of the Lessee or the Lessor, but expressly excluding shall not be required to indemnify any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both 13.1 for any Claim to the extent arising or resulting from (x1) any insurance recoveries received the willful misconduct or gross negligence of such Indemnitee, (2) Lessor Liens attributable to such Indemnitee, (3) a breach by such Indemnitee of any Operative Document, (4) a breach by such Indemnitee of any agreement entered into in connection with the assignment or participation of any Note or Lessor Amount, any interest therein or any other interest of such Indemnitee under the Operative Documents and (5) acts or events occurring in respect of the matters described herein Property in the period after the Lessee ceases to lease the Property from the Lessor under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned Lease to the Lessor extent not resulting from any act or event otherwise covered by this indemnity that occurred during the period the Lessee leased the Property. It is expressly understood and (y) agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity amount received by such Indemnitee in respect only and not a guaranty of such matters from residual value of the Property or as a Person (other than guaranty of the Lessor) unrelated to such IndemniteeNotes or the repayment of the Lease Balance.

Appears in 1 contract

Samples: Participation Agreement (Sabre Holdings Corp)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (ia) each Leased Propertythe Transaction, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any of the Operative Documents or any of the transactions transactions, agreements or instruments contemplated therebythereby including, or any investigationwithout limitation, litigation, enforcement or proceeding in connection therewiththe Related Transaction, and any amendment, modification or waiver in respect thereof; or (b) the Land, the Building or any part of the Leased Property or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon or on any other collateral securing the Notes, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, without (1) Claims or penalties arising from any violation or alleged violation of federal, state or local law or in tort (strict liability or otherwise), (2) latent or other defectsdefects with respect to the Leased Property, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes or the Partnership Interests; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which Lessor, General Partner, Administrative Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any the Leased Property, any SiteBasic Rent or Additional Rent, title thereto, or any interest therein or any Basic Rent or Supplemental Renttherein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except as to the Person through whom the Lessor Lien arose, such Lessor Lien and in all other cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor Liens; andCode; (viii) any Environmental Claimact or omission by Lessee under the Operative Document; or (j) any Breakage Costs. provided, however, Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received by Claim to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee, (2) any Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents, (3) without limiting the provisions of Section 7.2, any Claim related to the Leased Property to the extent attributable to acts or events occurring after the expiration of the Lease Term and the return of the Leased Property to Lessor so long as the Lessor, Administrative Agent and the Funding Parties are not exercising remedies against Lessee in respect of the matters described herein under or Operative Documents, and (4) any Claim resulting from insurance paid for the breach by any Person other than the Indemnitee of any representation or an Affiliate thereof warranty made by it or assigned deemed made by it in any Operative Document and (5) any Claims to the Lessor extent already indemnified by Lessee under Sections 7.4, 7.5 or 7.6 hereof. It is expressly understood and agreed that the Lessee indemnity provided for herein shall survive the expiration or termination of, and (y) shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Participation Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Participation Agreement (Gtech Holdings Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) the offer, issuance or sale of the Participation Interests, provided that (i) the Lessor shall not be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.1(h), (ii) no Participant shall be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.2(f) and (iii) neither the Lessor nor any Participant shall be entitled to indemnification under this clause (d) with respect to any Claim which a court of competent jurisdiction determines to have arisen out of the gross negligence or willful misconduct of the Lessor, the Agent or any Participant or its agents, employees or contractors (other than the Lessee) or any misrepresentation of a material fact made by the Lessor, the Agent or such Participant, unless the misrepresentation was made in reliance upon and in conformity with information furnished to the Lessor or such Participant, as applicable, by the Lessee or its agents, employees or contractors; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (viih) the transactions contemplated by the Lessee hereby or by any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein under or from insurance paid for by any Person other than in Section 4975(c) of the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant); or (i) the Existing Financing, any documentation relating thereto, the Existing Participants, the Existing Owner, or the purchase of the Property by the Lessor) unrelated to such Indemnitee., or any matters arising therefrom or related thereto;

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

General Indemnification. (a) Subject to clauses clause (b) and (f) below, the Lessee will agrees to indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Delivery Date or after the Lease Expiration Date): (i) each Leased Property, each Sitethe Items of Equipment, the other Lessee Collateral or, in each case, or any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site the Items of Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interesttitle, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site the Items of Equipment or any interest therein or improvements improvements, additions or modifications thereto or the imposition of any Lien thereon, or the failure to perform or accomplish any of the foregoing in LSI Logic Corporation Lease B accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations and Regulations, including, without limitation, : Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Items of Equipment, the making of any Alterations alterations or modifications in violation of any standards imposed by any insurance policies polices required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Items of Equipment or any part thereof, and any Claim for patent, trademark or copyright infringement, infringement and Claims arising from any public improvements with respect to a Leased Property violations of any environmental noise or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feespollution control laws; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor or Agent pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party Lessee to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Sitethe Items of Equipment, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancyoperation, construction, repair or rebuilding of any Leased Property or any Site the Items of Equipment or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed alterations or modifications made by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled Claims related to credit against the Release from any payments due to an Indemnitee under this Section 7.1 both Item of Equipment of any substance into the environment, including (xwithout limitation) any insurance recoveries received by such Indemnitee in respect Claims arising out of the matters described herein under use of any Item of Equipment for the transportation or from insurance paid for by storage of any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeHazardous Material.

Appears in 1 contract

Samples: Lease and Security Agreement (Lsi Logic Corp)

General Indemnification. (a) Subject Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise arising out of acts, or are alleged failures to relate toact, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Date expiration or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) any earlier termination of the Operative Documents Term, whenever they may be suffered, imposed on or asserted against any of the transactions contemplated therebyIndemnitee, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation arising out of the ownership, construction, installation, leasing, use or operation of each Leased Propertysubleasing, each Site or any part thereofassignment, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offerrenewal, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redeliveryoperation, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storagenon use, maintenance, modification, alteration, repairreconstruction, assemblyrestoration, salesubstitution, returnor replacement of the Property or this Lease, abandonment or other application from the granting by Lessor at Lessee's request of easements, licenses or disposition of any similar rights with respect to all or any part of each Leased Property the Property, or any product produced therewithfrom the construction, each Site design, or any interest therein or improvements thereto or the failure to perform or accomplish any condition of the foregoing in accordance with the requirements Property (including any Claims (whether by Governmental Authority or other Person) arising, directly or indirectly, as a result of a Lease Event of Default or out of the Operative Documentsactual or alleged presence, other agreements governing such matters use, storage, generation, Release or Applicable Laws threat of Release of any Hazardous Materials, any Remedial Action and any Claims for patent, trademark or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), copyright infringement and latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent), including any Liens which arise liability under Applicable Laws (including, without limitation, any Claims arising directly or indirectly out of any actual or alleged violation, now or hereafter existing, of any Environmental Laws), only to the extent arising out of the possessionoperation, usemaintenance, occupancyuse or possession of the Property by Lessee, constructionwhether before or after the Closing Date or caused by third parties other than Lessor. Lessee shall not be required to indemnify any Indemnitee under this Section 19.1 for any Claim to the extent resulting from (A) the willful misconduct or negligence or breach of representation or warranty of such Indemnitee or a member of such Indemnitee's Group, repair (B) any acts or rebuilding events to the extent first occurring after the expiration of the Lease Term and return of the Property to Lessor in the condition required in this Lease, (C) any Taxes, except to the extent covered in Section 19.2 of this Lease, (D) any voluntary transfers of the Property made by Lessor (other than arising out of a Lease Event of Default by Lessee), (E) any obligation or liability assumed by the Indemnitees under this Lease, and (F) the imposition of any Leased Property or any Site or by reason of labor or materials furnished or claimed lien which Lessor is required to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claimremove and discharge. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) 19.1 any insurance recoveries or other reimbursements received by such the Indemnitee to be indemnified in respect of the matters described herein related Claim under or from insurance paid for for, directly or indirectly, by any Person other than the Indemnitee or an Affiliate thereof Lessee or assigned to the Lessor by Lessee, to the extent such insurance recoveries exceed such Indemnitee's costs and expenses incurred in recouping such insurance recovery. (a) In case any Claim shall be made or brought against any Indemnitee, such Indemnitee shall give prompt notice thereof to Lessee, provided that failure to so notify Lessee shall not reduce Lessee's obligations to indemnify any Indemnitee hereunder unless and only to the extent such failure results in additional liability on Lessee's part. Lessee shall be entitled, at its expense, acting through counsel selected by Lessee (and reasonably satisfactory to such Indemnitee), to participate in, and, to the extent that Lessee desires to assume and control, in consultation with indemnitee, the negotiation, litigation and/or settlement of any such Claim (subject to the provisions of the last sentence of subparagraph (c) of this Section 19.1). Such Indemnitee may (but shall not be obligated to) participate in a reasonable manner at its own expense (unless Lessee is not properly performing its obligations hereunder) and with its own counsel in any proceeding conducted by Lessee in accordance with the foregoing. If Lessee shall defend the Indemnitee in any such suit or proceeding, then, unless such Indemnitee shall determine (in its reasonable discretion) that a conflict of interest exists between Lessee and such Indemnitee, Lessee shall not be obligated to reimburse the Indemnitee for the cost of such Indemnitee's attorneys' fees or expenses incurred in connection with such suit or proceeding; provided that in any such case where one or more Indemnitees determine that a conflict of interest exists, Lessee shall not be responsible to reimburse all Indemnitees for the expenses of more than one firm that shall represent all Indemnitees. (yb) Each Indemnitee shall at Lessee's expense supply Lessee with such information and documents reasonably requested by Lessee in connection with any Claim for which Lessee may be required to indemnify any Indemnitee under this Section 19.1. With the exception of Claims over which Lessee is not permitted to exercise control, no Indemnitee shall enter into any settlement or other indemnity amount received compromise with respect to any Claim for which indemnification is required under this Section 19.1 without the prior written consent of Lessee which shall not be unreasonably withheld, conditioned or delayed. Lessee shall have the authority to settle or compromise any Claim against an Indemnitee hereunder, provided that no admission of wrongdoing shall be required of such Indemnitee and such Indemnitee shall be released of all liability in connection with any such Claim. (c) Upon payment in full of any Claim by Lessee pursuant to this Section 19.1 to or on behalf of an Indemnitee, Lessee, without any further action, shall be subrogated to any and all claims that such Indemnitee may have relating thereto (other than claims in respect of insurance policies maintained by such Indemnitee in at its own expense), and such Indemnitee shall execute such instruments of assignment and conveyance, evidence of claims and payment and such other documents, instruments and agreements as may be necessary to preserve any such claims and otherwise reasonably cooperate with Lessee to enable Lessee to pursue such claims. (d) Prior to paying any amount otherwise payable to an Indemnitee pursuant to this Section 19.1, Lessee shall be entitled to receive from such Indemnitee (i) a written statement describing the amount so payable, (ii) a general release from Indemnitee upon such payment with respect of to the claim made solely with respect to existing Claims (not any future Claims) and (iii) such matters from a Person (other than the Lessor) unrelated additional information as Lessee may reasonably request and which is reasonably available to such IndemniteeIndemnitee to properly substantiate the requested payment. (e) Subject to the penultimate sentence of Section 19.l(a) above, Lessee's liability hereunder shall in no way be limited or impaired by any act, including, without limitation, (i) any amendment or modification to the Lease, (ii) any waiver of any Lease Event of Default, default, or extension of time or any failure to enforce any remedies or rights of Lessor under the Lease, (iii) any sale or transfer of the Property, or (iv) any assignment of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Griffin Capital Essential Asset REIT II, Inc.)

General Indemnification. (a) Subject Each of the Company and each Lessee, jointly and severally, agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein, including any Ground Lease; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the any Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the breach or alleged breach by any Lessee or the Lessee Company of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Company or any Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Administrative Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Administrative Agent or any Lender); (f) the existence of any Lien (other than Lessor Liens) on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, any Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the any Lessee or Alterations constructed by the any Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and; (viig) the transactions contemplated hereby or by any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein in Section 4975(c) of the Code; or (h) any act or omission by the Company or any Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement or Ground Lease; PROVIDED, HOWEVER, the neither the Company nor the Lessee shall be required to indemnify any Indemnitee under this SECTION 7.1 for any Claim to the extent that such Claim results from the willful misconduct, gross negligence or misrepresentation of such Indemnitee, or from insurance paid for by any Person other than the failure of the Indemnitee to comply with its obligations under any of the Operative Documents; and, PROVIDED, FURTHER, that with respect to each Construction Land Interest, each Lessees indemnity obligations with respect to such Leased Property shall be governed by Section 3.3 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or an Affiliate thereof or assigned to the Lessor by the Lessee termination of, and (y) shall be separate and independent from any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Cornell Companies Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessee; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent, the Lease Participant or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement; (g) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as item (ii) in favor the definition of Permitted Encumbrances; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. act or omission by the Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed or Purchase Agreement; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received by Claim to the extent that such Claim results from the willful misconduct or gross negligence of such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated gross negligence or willful misconduct imputed to such IndemniteeIndemnitee solely by reason of its interest in any Leased Property), or (2) any Claim resulting from Lessor Liens which the Lessor Indemnitee Group is responsible for discharging under the Operative Documents; and, provided, further, that with respect to each Construction Land Interest, the Lessee's indemnity obligations with respect to such Leased Property shall be governed solely by Section 3.4 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other remedy under this Master Agreement, the Lease or any other Operative Document.

Appears in 1 contract

Samples: Master Agreement (Aaron Rents Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof by the Lessee, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease, the Ground Lease, the Trust Estate, the Indenture Trust Estate or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) the offer, issuance or sale of the Notes and Certificates, provided that (i) the Lessor shall not be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.1(h), (ii) no Participant shall be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.2(b)(vi) and (iii) neither the Lessor, the Indenture Trustee nor any Participant shall be entitled to indemnification under this clause (d) with respect to any Claim which a court of competent jurisdiction determines to have arisen out of any misrepresentation of a material fact made by the Lessor, the Indenture Trustee or such Participant, unless the misrepresentation was made in reliance upon and in conformity with information furnished to the Lessor, the Indenture Trustee or such Participant, as applicable, by the Lessee; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or any Basic Rent or Supplemental Rent, the Cash Collateral, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Indenture Trustee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.;

Appears in 1 contract

Samples: Participation Agreement (Peoplesoft Inc)

General Indemnification. (a) Subject 13.01. The Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will does hereby indemnify, defend protect, save and hold each Indemnitee harmlesskeep harmless the Lessor and its successors, on a Grossed-Up Basisassigns, agents and servants from and against any and all Claims claims, damages, losses, liabilities (which may include the outstanding Lease Balance including, but not limited to, any claim or any portion thereof subject to any limitations set forth liability for strict liability in the Operative Documents, tort or otherwise imposed including, without limitation, payments limited to the liability arising under any applicable Recourse Deficiency Amount) that directly environment or indirectly relate tonoise or pollution control statute, result from rule or arise out regulation), obligations, demands, suits, penalties, judgments or causes of action and all legal proceedings, whether civil or are alleged to relate tocriminal, result from or arise out penalties, fines and other sanctions, and any costs and expenses in connection therewith including, without limitation, legal fees and, expenses of any of the following whatever kind and nature (whether or not any such Indemnitee is also indemnified as to such matter against by any other Person and whether person under any other document), which may result from or not such Claim arises grow or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, arise in each case, any part thereof; (ii) any manner out of the Operative Documents or any of the transactions contemplated therebycondition, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations design (including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or and other defects, defects whether or not discoverable, discoverable by Lessee or Lessor and any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, any Claim claim for patent, trademark or copyright infringement), acceptance, non-acceptance, rejection, delivery, lease, possession, return, disposition, use or operation (in each and Claims every case) of the Aircraft or any Item of Equipment either in the air or on the ground (except claims arising out of the gross negligence or willful misconduct of the Lessor or its successors or assigns), or arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site the material or any plans to modifyarticle used therein or from the design, widen testing or realign use thereof or from any street maintenance, service, repair, overhaul or highway adjacent to any Leased Property testing of the Aircraft or any Claim for utility “tap-in” fees; (v) a breach by Item regardless of when such defect shall be discovered, whether or not such Aircraft or any Item is at the time in the possession of the Lessee and whether it is in the United States of America or any other country. The indemnities contained in this Section shall continue in full force and effect notwithstanding the assignment, expiration or other termination of this Lease. 13.02. The Lessee hereby waives and releases any claim now or hereafter existing against the Lessor and its successors or assigns-agents and servants on account of any and all claims, demands, suits, judgments or causes of its covenants under any Operative Document, action for or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document on account of or arising or in any certificate way connected with injury to or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence death of any Default or Event personnel of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor loss or damage to property of the Lessee or the Lessorloss of use of any property which may result from or grow or arise in any manner out of the condition, but expressly excluding use or operation of the Aircraft or any Lessor Liens; and Item, either in the air or on the ground during the Term hereof, or which may be caused during the Term hereof by any defect (viiwhether 13-2 latent or patent) in the Aircraft or any Environmental Claim. Lessee Item from the material or, any article used therein or from the design, testing or use thereof or from any maintenance, service, repair, overhaul or testing of the Aircraft or any Item regardless of when such defect shall be entitled to credit against discovered, whether or not such Aircraft or any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee Item is at the time in respect the possession of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) whether it is in the United States of America or any other country. 13.03. The Lessee further agrees that, with respect to any payment or indemnity hereunder, such payment or indemnity shall include any amount received necessary to hold the recipient of the indemnity harmless on an after-tax basis from all taxes required to be paid (or which would have been required to he paid by Lessor with respect to such payment or indemnity had Lessor had sufficient gross income within the meaning of Section 61 of the Code actually to pay tax at the highest marginal rate) by such Indemnitee recipient with respect to such payment or indemnity under the laws of any Federal, state or local government or taxing authority in respect the United States, or under the laws of any taxing authority or governmental subdivision of a foreign country; PROVIDED that, if any recipient of a payment or indemnity realizes a tax benefit by reason of such matters from payment or indemnity (whether such tax benefit shall be by means of a Person (other than depreciation deduction or otherwise), such recipient shall pay the Lessor) unrelated Lessee an amount equal to the sum of such Indemnitee.tax benefit plus any tax benefit realized as the result of any payment made pursuant to this proviso, when, as, if and

Appears in 1 contract

Samples: Lease Agreement (Republic Airways Holdings Inc)

General Indemnification. (a) Subject to clauses (b) Whether or not any of the transactions contemplated hereby shall be consummated, each of the Construction Agent and (f) below, the Lessee will jointly and severally shall pay and assume liability for, and does hereby agree to indemnify, defend protect, defend, save and hold each Indemnitee keep harmless, on a Grossedan After-Up Tax Basis, each Indemnitee from and against any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article IX or such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and Person, whenever such Claim arises or accrues, including whether or not such Claim arises or accrues at any time prior to the Closing Date or after the Lease Expiration applicable Maturity Date):, in any way arising out of or relating to: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and or any amendment, modification or waiver in respect thereof; (iiib) the regulation of Facility or Equipment or any part thereof or interest therein; (c) the ownershippurchase, mortgaging by the Lessee or its Affiliates, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including any sale or other ownership interesttransfer pursuant to the Lease), rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein in the Facility or improvements thereto Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (ii) any Claim resulting from or related to latent or other defects, whether or not discoverable, (iii) any Claim resulting from or related to the leasing of the Site or Construction thereon, (iv) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property the Facility or a Siteany part thereof, (v) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee or the Construction Agent pursuant to this Participation Agreement, the Lease or the Construction Agency Agreement which policies are in effect at any time with respect to a Leased Property the Facility or any part thereof, (vi) any Claim for patent, trademark or copyright infringement, and (vii) Claims arising from any public improvements with respect to a Leased Property or a the Site resulting in any change or special assessments being levied against such Leased Property or such the Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property the Site, or any Claim for utility "tap-in” fees; " fees or (vviii) a breach by the Lessee of claims arising from any of its covenants under any Operative Documentagreement, arrangement or instrument executed to fulfill, or a misrepresentation by enhance, develop or facilitate the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document construction, development or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out operation of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.Facility;

Appears in 1 contract

Samples: Participation Agreement, Lease Agreement and Construction Agency Agreement (Ross Stores Inc)

General Indemnification. (a) Subject The Lessee, whether or not any ----------------------- of the transactions contemplated hereby shall be consummated, agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following asserted against such Indemnitee (whether because of action or not any omission by such Indemnitee is indemnified or otherwise), as to such matter Property leased by it in any other Person and whether way relating to or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding thereby (including syndication of the Loans as contemplated herein and in connection therewiththe other Operative Documents), and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, nondelivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Section 16.2(c) or 16.2(e) of title the Master Lease or any sale --------------- ------- pursuant to Article V, XVIII or XX of the Master Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or --------- ----- -- disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Land and/or Improvements or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (on the basis of strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Siteany of the Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease and Construction Agency Agreement which policies are in effect at any time with respect to a Leased any of the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change or special assessments being levied against such Leased any Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property of the Properties, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement or any other Operative Document or pursuant to the acquisition of the Property pursuant to this Participation Agreement or any other Operative Document; (f) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or Administrative Agent, the Lenders and/or the Lessor, but expressly excluding any Lessor Liens; andor (viig) the transactions contemplated by the Lease or by any Environmental Claimother Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; (h) Lessor's indemnification of the Collateral Agent pursuant to Section 5.9 of the Construction Period Security and Control Agreement. ----------- provided, however, that the Lessee shall not be entitled required to credit against indemnify any payments due to an -------- ------- Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received by Claim to ------------ the extent resulting from the willful misconduct or gross negligence of such Indemnitee in respect or (2) any Claim resulting from Lessor Liens which the Lessor or the Administrative Agent is responsible for discharging under the Operative Documents. 1. The Lessee and each ------------ Indemnitee agree to give each other prompt written notice of any Claim hereby indemnified against but the giving of any such notice by an Indemnitee shall not be a condition to the Lessee's obligations under this Section 13.1. ------------ Without limiting the express rights of the matters described herein Indemnitees under this Section 13.1, this Section 13.1 shall be construed as an indemnity only and not ------------ ------------ a guaranty of the residual value of the Property or from insurance paid for by any Person other than as a guaranty of the Indemnitee or an Affiliate thereof or assigned to the Loan Balance and Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeBalance.

Appears in 1 contract

Samples: Participation Agreement (Palm Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up BasisIndemnitee, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Effective Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Equipment or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations sale (including, without limitation, any sale pursuant to Section 16.2(c), (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Equipment, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Master Lease which policies are in effect at any time with respect to a Leased Property the Equipment or any part thereof, and (5) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement; (f) the existence of any Lien on or with respect to any Leased Propertythe Equipment, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site the Equipment or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed Modifications made by the Lessee, except Liens Lessor Liens; (g) as to each Lender, the transactions contemplated by the Master Lease or by any other Operative Document, in favor respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code; provided, however, the Lessee or shall not be required to indemnify any Indemnitee -------- ------- under this Section 12.1 for any of the Lessor, but expressly excluding any Lessor Liens; and following: (vii1) any Environmental Claim. Claim to the extent ------------ resulting from the willful misconduct or gross negligence of such Indemnitee (it being agreed and understood that the Lessee shall be entitled required to credit against indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any payments due representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents, (3) any Claim arising from a breach or alleged breach by the Financing Lenders or the Equity Lenders of any agreement entered into in connection with the assignment or participation of any Financing Loan or Equity Loan, and (4) except as provided in Section 12.2 below, ------------ any Claim to an pay Participation Agreement the Shortfall Amount after the Lessee properly elects the Remarketing Option and the proceeds of the sale of the Equipment have been distributed to the Lenders. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Master Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect 12.1, this Section 12.1 shall be construed as an indemnity ------------ ------------ only and not a guaranty of residual value of the matters described herein under Equipment or from insurance paid for by any Person other than as a guaranty of the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and Notes. THE INDEMNITY OBLIGATIONS OF THE LESSEE UNDER THIS ARTICLE XII COVER ----------- AND RELATE TO, WITHOUT LIMITATION, ANY NEGLIGENT ACTION AND/OR OMISSION (yWHETHER JOINT, COMPARATIVE OR CONCURRENT) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeOF ANY INDEMNITEE.

Appears in 1 contract

Samples: Participation Agreement (Mail Well Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; way relating to or arising out of: (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; ; (iiib) the regulation of Property, the ownershipLease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, nile, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; the Property; (vd) a [reserved]; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate required to be delivered by any Operative Document; (f) the retaining or other document delivered employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to any Operative Documentact on its behalf in connection with this Participation Agreement, or the occurrence incurring of any Default fees or Event commissions to which the Lessor might be subjected by virtue of Default, or entering into the material inaccuracy of any information provided transactions contemplated by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; this Participation Agreement; (vig) the existence of any Lien on or with respect to any Leased the Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Lessor or any of its their contractors or agents or by reason of the financing of any personality the Property or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.or

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

General Indemnification. (a) Subject The Lessee agrees to clauses (b) assume ----------------------- liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or asserted against any portion thereof subject to any limitations set forth in the Operative DocumentsIndemnitee, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Indemnitee shall also be indemnified as to any such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral orby any other Person, in each case, any part thereof; way relating to or arising out of (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, constructionoperation, installationpossession, use, improvement, leasing, use subleasing, disposition or operation of each Leased Property, each Site or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition maintenance of all or any part of each Leased the Property (or any product produced therewithReplacement Property), each Site (b) the construction, design, purchase, acceptance, rejection, modification, substitution or condition of the Property (or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsReplacement Property), other agreements governing such matters or Applicable Laws or Regulations including, including without limitation, Claims limitation claims or penalties arising from any violation of law Applicable Laws and Regulations, without regard to whether compliance therewith is required by the terms of this Lease or liability in tort (strict liability or otherwise), latent (c) any Release, violation of Environmental Laws, Environmental Claim or other defectsloss of or damage to any property or the environment relating to the Property (or any Replacement Property) or the Lessee (including, whether without limitation, all expenses associated with remediation, response, removal, corrective action, financial assurance, natural resource damages and the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigative action required under applicable Environmental Laws), (d) the Operative Documents, or not discoverablethe transaction contemplated thereby, any Claim based upon a violation or alleged violation including, without limitation, the transfer of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Land, the making of Improvements and the Fixtures (and any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant Replacement Property) to the Lease which policies are in effect at Lessor or (e) any time with respect to a Leased Property or any part thereof, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by the Lessee or the Seller of any of its covenants their representations or warranties under the Operative Documents (including, without limitation, any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee such breach of representations relating to the Lessor pursuant Lessor's title to any Operative Document, or portion of the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; Property (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent Replacement Property)) or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased failure by the Lessee or Alterations constructed the Seller to perform or observe any covenant or agreement to be performed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.it under

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

General Indemnification. (a) Subject Lessee agrees to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnity, on a Grossedan After-Up Tax Basis, from and against any and all Claims that may be suffered, imposed on or asserted against any Indemnity, arising out of (which may include i) the outstanding Lease Balance acquisition, ownership, leasing, subleasing, assignment, transfer of title, sale, financing (including without limitation any Make-Whole Premium) refinancing, renewal, return, disposition, operation, possession, use, non-use, maintenance, modification, alteration, reconstruction, restoration, substitution or replacement of the Property (or any portion thereof subject thereof) or the Lease, or from the granting by Lessor at Lessee's request of easements, licenses or any rights with respect to all or any limitations set forth in part of the Operative DocumentsProperty, or from the construction, design, purchase or condition of the Property (including any Claims arising, directly or indirectly, out of the actual or alleged presence, use, storage, generation, Release of any Hazardous Materials, and any Claims for patent, trademark or copyright infringement and latent or other defects, whether or not discoverable), including any liability under Applicable Laws (including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that any Claims arising directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any actual or alleged violation, now or hereafter existing, of any Environmental Laws), (ii) the Operative Documents or any modification, amendment or supplement thereto, (iii) the non-compliance of the following Property with Applicable Laws (whether including because of the existence of the Permitted Liens or not Permitted Encumbrances), (iv) any such Indemnitee is indemnified as matter relating to such matter all or any part of the Property or any operations thereon, including matters relating to Environmental Laws or Hazardous Materials, (v) the breach by Lessee of its representations, warranties, covenants and obligations in this Lease or any other Person and Operative Documents whether or not such Claim arises or accrues prior to the Closing Date date of this Lease, (vi) the business and activities of Lessee, (vii) the business and activities of any other Person on or after about the Property (whether as an invitee, sub lessee, licensee or otherwise), (viii) the cost of assessment, containment and/or removal of any and all Hazardous Materials from all or any portion of the Property or any surrounding areas for which Lessee has any legal obligation, the cost of any actions taken in response to a Release of any Hazardous Materials on, in, under or affecting any portion of the Property or any surrounding areas for which Lessee has any legal obligation to prevent or minimize such Release so that it does not migrate or otherwise cause or threaten danger to present or future public health, safety, welfare or the environment, and costs incurred to comply with Environmental Laws in connection with all or any portion of the Property or any surrounding areas for which Lessee has any legal obligation, and (ix) a Lease Expiration Date):Default or Lease Event of Default (including Claims arising from such event's causing a default under the Head Lease or Debt Documents). Lessee acknowledges that the foregoing includes any costs incurred by any Indemnity in performing any inspections of any Property if such inspection reveals a violation by Lessee of Section 8.05. (b) In case any Claim shall be made or brought against any Indemnity, such Indemnity shall give prompt notice thereof to Lessee; provided that failure to so notify Lessee shall not reduce Lessee's obligations to indemnify any Indemnity hereunder unless and only to the extent such failure results in additional liability on Lessee's part. Lessee shall be entitled, at its expense, acting through counsel selected by Lessee (and reasonably satisfactory to such Indemnity), to participate in, or, except as otherwise provided, to assume and control (if it promptly so elects upon notice of the Claim), and, to the extent that Lessee desires to assume and control, in consultation with Indemnity, the negotiation, litigation and/or settlement of any such Claim (subject to the provisions of the last sentence of subparagraph (c) of this Section 19.01). Such Indemnity may (but shall not be obligated to) participate at its own expense (unless Lessee is not properly performing its obligations hereunder and then at the expense of Lessee) and with its own counsel in any proceeding conducted by Lessee in accordance with the foregoing, in which case Lessee shall keep such Indemnity and its counsel fully informed of all proceedings and filings and afford such Indemnity and counsel reasonable opportunity for comment. Notwithstanding the foregoing, Lessee shall not be entitled to assume and control the defense of any Claim if (i) each Leased Propertya Lease Event of Default exists or a Lease Default has occurred and is continuing, each Site, the Lessee Collateral or, in each case, any part thereof; (ii) the proceeding involves possible imposition of any of the Operative Documents criminal liability or any of the transactions contemplated therebypenalty or unindemnified civil penalty on such Indemnity, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation proceeding involves the granting of injunctive relief against the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site or any part thereof, but only Indemnity not related to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of by the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon iv) a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant significant counterclaim is available to the Lease which policies are in effect at any time with respect Indemnity that would not be available to a Leased Property or any part thereofand cannot be asserted by Lessee, any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v) a breach by conflict of interest exists between the Indemnity and Lessee of any of its covenants under any Operative Documentwith respect to the Claim, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence defense of such Claim would require the delivery of material confidential and proprietary information of such Indemnity that would otherwise not be available to Lessee or its counsel. (c) Each Indemnity shall at Lessee's expense supply Lessee with such non-confidential and non-privileged information and documents reasonably requested by Lessee in connection with any Lien on Claim for which Lessee may be required to indemnify any Indemnity under this Section 19.01 and otherwise necessary for the performance of its obligations hereunder. So long as no Lease Event of Default exists and no Lease Default shall have occurred and be continuing, no Indemnity shall enter into any settlement or other compromise with respect to any Leased Property, any Site, title thereto, any interest therein Claim for which indemnification is required under this Section 19.01 without the prior written consent of Lessee which consent shall not be unreasonably withheld or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claimdelayed. Lessee shall have the authority to settle or compromise any Claim against an Indemnity hereunder; provided that no admission of wrongdoing shall be entitled required of such Indemnity and such Indemnity shall be released of all liability in connection with any such Claim pursuant to credit a release in form and substance acceptable to such Indemnity. (d) Upon payment in full of any Claim by Lessee pursuant to this Section 19.01 to or on behalf of an Indemnity, Lessee, without any further action, shall be subrogated to any and all Claims that such Indemnity may have relating thereto (other than claims in respect of' insurance policies maintained by such Indemnity at its own expense or claims against another Indemnity for which Lessee would have indemnity obligations hereunder), and such Indemnity shall execute such instruments of assignment and conveyance, evidence of Claims and payment and such other documents, instruments and agreements as may be necessary to preserve any payments due such Claims and otherwise reasonably cooperate with Lessee to an Indemnitee enable Lessee to pursue such Claims. (e) Notwithstanding anything to the contrary contained herein, Lessee shall not be required to indemnify any Indemnity under this Section 7.1 both 19.01 for any Claim to the extent resulting from the affirmative negligence (x) any insurance recoveries received i.e., negligence arising from actions taken by such Indemnitee Indemnity rather than resulting from such Indemnities failure to act), willful misconduct or breach in any material respect of the matters described herein under a representation or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect warranty of such matters from a Person (other than the Lessor) unrelated to such IndemniteeIndemnity.

Appears in 1 contract

Samples: Lease Agreement (Dollar General Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) any Land, any Building or any part thereof or interest therein, including any Ground Lease; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility "tap-in" fees, and (7) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vd) a the offer, issuance, sale or delivery of the Notes by the Lessee; (e) the breach or alleged breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (g) the existence of any Lien on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except in all cases the Liens listed as items (a) and (b) in favor the definition of Permitted Liens; (h) the transactions contemplated hereby or by any other Operative Document, in respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viii) any Environmental Claim. act or omission by the Lessee under any Purchase Agreement or any other Operative Document, and any breach of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement or Ground Lease; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any of the following: (x1) any insurance recoveries received Claim to the extent that such Claim results from the willful misconduct, gross negligence or misrepresentation of such Indemnitee, or (2) any Claim resulting from Lessor Liens which the Lessor Indemnitee Group is responsible for discharging under the Operative Documents, and, provided, further, that with respect to each Construction Land Interest, the Lessee's indemnity obligations with respect to such Leased Property, shall be governed by such Indemnitee in respect Section 3.4 of the matters described Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein under shall survive the expiration or termination of, and shall be separate and independent from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (remedy under this Master Agreement, the Lease or any other than the Lessor) unrelated to such IndemniteeOperative Document.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property purchased or leased by the ownershipLessee pursuant to the Operative Documents, or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, but not to increase the amount of any Shortfall under Article XXII of the Lease except pursuant to Section 13.2 hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) the offer, issuance or sale of the Participation Interests or any interest therein, provided that (i) the Lessor shall not be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.1(h) and (ii) no Participant shall be entitled to indemnification under this clause (d) if it shall have been determined by a court of competent jurisdiction to have breached its representation set forth in Section 8.2(g). (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor (collectively, a "Broker") by the Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions of any Broker retained or employed by Lessee to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Equipment, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Lessor or any of its their contractors or agents or by reason of the financing of the Property pursuant to the Operative Documents or any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the LesseeLessee pursuant to the Operative Documents, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; andor (viih) the transactions contemplated by the Lessee hereby or by any Environmental Claim. other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Lessor or any Participant); provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 13.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the return or remarketing of the Property so long as the Lessor, the Agent and the Participants are not exercising remedies against the Lessee in respect of the matters Operative Documents and no Default or Event of Default under the Lease has occurred and is continuing, (4) any Imposition or other claims for Taxes of the type(s) described herein under in Section 13.5, (5) any Claims of the type(s) described in Sections 13.2, 13.6, 13.7, 13.8 and 13.10 and (6) any Claims resulting from a settlement or from insurance paid for by any Person other than compromise entered into without the Indemnitee or an Affiliate thereof or assigned to the Lessor by consent of the Lessee where such consent was not unreasonably withheld in the case of a money settlement. The Lessor, the Agent, and (y) the Participants shall attempt to minimize the fees and expenses of legal counsel in connection with any Claim subject to reimbursement by Lessee hereunder by considering the usage of one law firm to represent such parties as appropriate under the circumstances. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under the Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 13.1, this Section 13.1 shall be construed as an indemnity amount received by such Indemnitee in respect only and not a guaranty of such matters from residual value of the Property or as a Person (other than guaranty of the Lessor) unrelated to such IndemniteeParticipation Interests.

Appears in 1 contract

Samples: Participation Agreement (Chase Industries Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Propertythis Lease or any of the transactions contemplated hereby, each Siteand any amendment, the Lessee Collateral or, modification or waiver in each case, any part thereofrespect hereof; (ii) any of the Operative Loan Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site any Property or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to thereof or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documentsinterest therein; (iv) the offerpurchase, design, construction, preparation, installation, inspection, delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or substitution, storage, transfer of title, redelivery, use, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in any Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (A) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (B) latent or other defects, whether or not discoverable, (C) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Siteany Property, (D) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (E) any Claim for patent, trademark or copyright infringement, infringement and (F) Claims arising from any public improvements with respect to a Leased any Property or a Site resulting in any change or special assessments being levied against such Leased any Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property Property, or any Claim for utility "tap-in" fees; (v) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document this Lease or in any certificate required hereunder; (vi) the retaining or other document delivered employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party act on its behalf in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Documenttransactions contemplated hereby; (vivii) the existence of any Lien on or with respect to any Leased Property, any SiteImprovements, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the LesseeLessee or the Lessor or any predecessor in title, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations the Lessor or any predecessor in title Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and; (viiviii) subject to the accuracy of Lessor's representation set forth in Section 5.1, the transactions contemplated by this Lease in respect of ----------- the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any Environmental Claim. prohibited transaction described in Section 4975(c) of the Code; or (ix) claims by the Senior Lenders relating to the Property under the terms of the Senior Loan Documents, including, without limitation, any environmental indemnity claims. (b) Notwithstanding the terms of clause (a) of this Section 24.1, the ---- Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 24.1 ------------ for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood ------------------- that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens which such Indemnitee is responsible for discharging under the Loan Documents, any (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the purchase of the Property pursuant to this Lease so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described Loan Documents and no Event of Default has occurred or is continuing. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under or from insurance paid for by this Lease. Without limiting the express rights of any Person other than Indemnitee under this Section 24.1, this Section 24.1 shall be construed as an indemnity only and not ------------ ------------ a guaranty of residual value of the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeProperty.

Appears in 1 contract

Samples: Lease Agreement (Ein Acquisition Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the any Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee’s negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in any Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a any Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a any Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on any Land, Building or Leased Property; (vc) a the breach by CheckFree or the Lessee of any of its covenants under any Operative Documentrepresentation, warranty or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation covenant made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant by any Operative Document (without giving effect to any Operative Documentexception in any representation based on knowledge or on the absence of a Material Adverse Effect); (vid) the retaining or employment of any broker, finder or financial advisor by CheckFree or the Lessee to act on its behalf in connection with this Master Agreement, or the incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by virtue of their entering into the transactions contemplated by this Master Agreement (other than fees or commissions due to any broker, finder or financial advisor retained by the Lessor, the Agent or any Lender); (e) the existence of any Lien (other than a Lessor Lien) on or with respect to any Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee; (f) the transactions contemplated hereby or by any other Operative Document, except Liens in favor respect of the Lessee or application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Lessor, but expressly excluding any Lessor LiensCode; andor (viig) any Environmental Claim. act or omission by the Lessee under any Purchase Agreement or any other Operative Document, or any breach by the Lessee of any requirement, condition, restriction or limitation in any Deed, Purchase Agreement or Ground Lease; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both for any Claim to the extent that such Claim results from (xcollectively, “Excepted Claims”): (1) any insurance recoveries received representation or warranty by such Indemnitee in respect the Operative Documents being incorrect; (2) the willful misconduct or gross negligence of the matters described herein under or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated gross negligence or willful misconduct imputed to such Indemnitee solely by reason of its interest in any Leased Property); (3) Lessor Liens; (4) the voluntary transfer by any Indemnitee, other than in accordance with the Operative Documents or in connection with the exercise of rights, powers or remedies under any of the Operative Documents, of any Leased Property or any interest therein; or (5) claims from any acts or omissions occurring after the latest of the Lease Termination Date, the sale of the Leased Property to a Person not affiliated with the Lessee pursuant to the Lease, the termination of the obligations of the Construction Agent under the Construction Agency Agreement, or the final indefeasible repayment to the Funding Parties in full of the Lease Balance; and, provided, further, that with respect to each Construction Land Interest, the Lessee’s indemnity obligations set forth in this Section 7.1 with respect to such Leased Property shall be governed solely by Section 3.3 of the Construction Agency Agreement during the Construction Term therefor. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of, and shall be separate and independent from any other remedy under this Master Agreement, the Lease or any other Operative Document.

Appears in 1 contract

Samples: Master Agreement (Checkfree Corp \Ga\)

General Indemnification. (a) Subject to clauses clause (b) and (f) below, the Lessee will agrees to indemnify, defend and hold each Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims (which may include the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is indemnified as to such matter by any other Person and whether or not such Claim arises or accrues prior to the Closing Delivery Date or after the Lease Expiration Date): (i) each Leased Property, each Sitethe Items of Equipment, the other Lessee Collateral or, in each case, or any part thereof; (ii) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii) the regulation of the ownership, construction, installation, leasing, use or operation of each Leased Property, each Site the Items of Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offer, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interesttitle, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site the Items of Equipment or any interest therein or improvements improvements, additions or modifications thereto or the imposition of any Lien thereon, or the failure to perform or accomplish any of the foregoing in LSI Logic Corporation Lease A accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations and Regulations, including, without limitation, : Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Items of Equipment, the making of any Alterations alterations or modifications in violation of any standards imposed by any insurance policies polices required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property the Items of Equipment or any part thereof, and any Claim for patent, trademark or copyright infringement, infringement and Claims arising from any public improvements with respect to a Leased Property violations of any environmental noise or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feespollution control laws; (v) a breach by the Lessee of any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor or Agent pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party Lessee to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Sitethe Items of Equipment, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancyoperation, construction, repair or rebuilding of any Leased Property or any Site the Items of Equipment or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed alterations or modifications made by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled Claims related to credit against the Release from any payments due to an Indemnitee under this Section 7.1 both Item of Equipment of any substance into the environment, including (xwithout limitation) any insurance recoveries received by such Indemnitee in respect Claims arising out of the matters described herein under use of any Item of Equipment for the transportation or from insurance paid for by storage of any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received by such Indemnitee in respect of such matters from a Person (other than the Lessor) unrelated to such IndemniteeHazardous Material.

Appears in 1 contract

Samples: Lease and Security Agreement (Lsi Logic Corp)

General Indemnification. Whether or not the transactions contemplated hereby are consummated, to the fullest extent permitted by Applicable Laws, Lessee hereby (ax) Subject to clauses (b) waives and releases any Claims now or hereafter existing against any Indemnitee on account of, and (fy) below, the Lessee will agrees to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossedan after-Up Basis, tax basis (in accordance with SECTION 7.5) from and against against, any and all Claims of every kind and nature whatsoever that may be imposed on, incurred by, or asserted against any Indemnitee, which are not directly and primarily caused by the gross negligence or willful misconduct of the Indemnitee (which may PROVIDED that the indemnification provided under this SECTION 7.1 shall specifically include matters based on or arising from the outstanding Lease Balance or any portion thereof subject to any limitations set forth in the Operative Documents, including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out negligence of any of the following (Indemnitee), whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing initial Delivery Date or after the Lease Expiration Termination Date):, and which relates in any way to or arises in any way out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iiib) the regulation Mandalay Bay Project (or any other Facility at which any portion of the ownershipEquipment is at any time located), construction, installation, leasing, use or operation of each Leased Property, each Site the Equipment or any part thereof, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary any interest in any of the Operative Documents or its involvement in the transactions contemplated in the Operative Documentsforegoing; (ivc) the offeracquisition, mortgaging, design, manufacture, re-manufacture, construction, preparation, installation, inspection, delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or substitution, storage, titling or retitling, transfer of title, registration or re-registration, redelivery, use, operation, condition, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installation, condition, transfer of title or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Equipment or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of any Lien) on any of the foregoing in accordance with the requirements of the Operative DocumentsEquipment, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, including (i) Claims or penalties arising from any violation of law Applicable Laws (OTHER THAN any such violation primarily caused by the Indemnitee) or in tort (strict liability or otherwise), (ii) loss of or damage to the environment (including investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and any mitigative action required by or under Environmental Laws, (iii) latent or other defects, whether or not discoverable, any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Site, the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased Property or any part thereof, and (iv) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (vd) the sale or other disposition of any of the Equipment, including any disposition pursuant to the Sale Option, Purchase Option or as a result of the exercise of remedies; (e) the offer, issuance, sale or delivery of the Certificates; (f) the breach by the Lessee of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vig) the existence transactions contemplated hereby or by any other Operative Document in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any Prohibited Transaction described in Section 4975(c) of the Code; (h) any Claims related to the Release from the Mandalay Bay Project (or any other applicable Facility upon or at which any of the Equipment is located) or any of the Equipment of any Lien substance into the environment, including Claims arising out of the use of any Equipment for the transportation or storage of any Hazardous Material; (i) any failure on the part of Lessee to perform or comply with any of the terms of any Operative Document; or (j) any other agreement entered into or assumed by Lessee in connection with any item of Equipment. It is expressly understood and agreed that this SECTION 7.1 shall not apply to Claims to the extent resulting from: (A) Taxes (such Claims being subject to SECTION 7.2), EXCEPT with respect to (1) taxes or penalties included in Claims described in CLAUSE (g) above, and (2) any Leased Propertypayment necessary to make payments under this SECTION 7.1 in accordance with SECTION 7.5; (B) as to an Indemnitee, any Site, title thereto, any interest therein Lessor Liens which such Indemnitee is responsible for discharging under the Operative Documents; (C) the gross negligence or willful misconduct of such Indemnitee or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, Affiliate or any of their respective agents, officers, directors, servants or employees thereof; (D) the incorrectness of any representation or warranty by such Indemnitee in any Operative Document; (E) the failure by any such Indemnitee to perform or observe any term, agreement, or covenant on its contractors part required to be performed or agents observed in any Operative Document, EXCEPT to the extent such failure results from an Event of Default; (F) the offer or sale by reason or on behalf or for the account of such Indemnitee of any Certificate or any interest in any of the financing of any personality or equipment purchased or leased by Collateral (OTHER THAN arising in connection with the Lessee or Alterations constructed by Sale Option, the Lessee, except Liens in favor of the Lessee Purchase Option or the Lessor, but expressly excluding any Lessor Liensexercise of rights or remedies following an Event of Default); and (viiG) any Environmental Claim. Lessee shall be entitled expense to credit against any payments due Indemnitee solely attributable to an Indemnitee under this Section 7.1 both the appointment of a successor Trustee, OTHER THAN any appointment of a successor Trustee, that is either (x) any insurance recoveries received by such Indemnitee in respect with the prior written consent of the matters described herein under Xxxxxx or from insurance paid for by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) in connection with any other indemnity amount received by such Indemnitee in respect Event of such matters from a Person (other than the Lessor) unrelated to such IndemniteeDefault.

Appears in 1 contract

Samples: Lease Intended as Security (Circus Circus Enterprises Inc)

General Indemnification. (a) Subject Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims (which that may include the outstanding Lease Balance be imposed on, incurred by or any portion thereof subject asserted, or threatened to any limitations set forth in the Operative Documentsbe asserted, includingagainst such Indemnitee, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person (provided that no Indemnitee shall have the right to double recovery with respect to any Claim) and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date):, or results from such Indemnitee’s negligence, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof;; or (iiib) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewith, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative DocumentsLien, other agreements governing such matters than a Lessor Lien (or Applicable Laws incurring of any liability to refund or Regulations pay over any amount as a result of any Lien, other than a Lessor Lien) thereon, including, without limitation, : (i) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (ii) latent or other defects, whether or not discoverable, (iii) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Siteany part thereof, (iv) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (v) any Claim for patent, trademark or copyright infringement, and (vi) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility “tap-in” fees, and (vii) Claims for personal injury or real or personal property damage occurring, or allegedly occurring, on the Land, Building or Leased Property; (vc) a the breach or alleged breach by the Lessee any Obligor of any of its covenants under any Operative Document, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document required to be delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Document (it being understood that if such breach constitutes a Limited Event of Default, the Funding Parties’ rights to recover the Lease Balance against the Lessee shall be limited as set forth in Section 13.3 of the Lease); (d) the retaining or the material inaccuracy employment of any information provided broker, finder or financial advisor by any such party Obligor to any third party act on its behalf in connection with this Master Agreement, or the preparation incurring of any fees or commissions to which the Lessor, the Agent or any Lender might be subjected by such third party virtue of a report their entering into the transactions contemplated by this Master Agreement (other than fees or other document required to be delivered pursuant commissions due to any Operative Documentbroker, finder or financial advisor retained or deemed retained by the Lessor, the Agent or any Lender); (vie) the existence of any Lien (other than Lessor Liens) on or with respect to any the Leased Property, any Sitethe Construction, title thereto, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any the Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Construction Agent, the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and; (viif) the transactions contemplated hereby or by any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein under in Section 4975(c) of the Code (except to the extent caused by the inaccuracy of the Lessor’s representation in Section 4.4(g) or from insurance paid for a Lender’s representation in Section 4.5(b)) (it being understood that if such circumstance constitutes a Limited Event of Default, the Funding Parties’ rights to recover the Lease Balance against the Lessee shall be limited as set forth in Section 13.3 of the Lease); or (g) any act or omission by any Person other than the Indemnitee Obligor under any Purchase Agreement or an Affiliate thereof or assigned to the Lessor by the Lessee and (y) any other indemnity amount received Operative Document, or any breach by such Indemnitee any Obligor of any requirement, condition, restriction or limitation in respect of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.any Deed or Purchase Agreement;

Appears in 1 contract

Samples: Master Agreement (Bank of New York Co Inc)

General Indemnification. (a) Subject The Lessee agrees, whether or ----------------------- not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmlessIndemnitee, on a Grossed-Up an After Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement or proceeding in connection therewithviolation thereof, and any amendment, modification or waiver in respect thereof; (iiib) the regulation of Property, the ownershipLease or any part thereof or interest therein; (c) the purchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer sale (including, without limitation, any sale pursuant to Sections 16.2, 16.3, 16.4, 17.2(c), 17.2(e) or 17.4 of title the Lease or any sale pursuant to Articles XX or XXII of the Lease, return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in the Property or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law federal, state or local law, rule, regulation or order or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a Leased Property or a Sitethe Property, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a Leased the Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a Leased the Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” feesthe Property; (vd) a [reserved]; (e) the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vif) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with this Participation Agreement, or the incurring of any fees or commissions to which the Lessor might be subjected by virtue of entering into the transactions contemplated by this Participation Agreement; (g) the existence of any Lien on or with respect to any Leased the Property, any Sitethe Improvements, title theretothe Equipment, any interest therein or any Basic Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased the Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, the Existing Owner, the Lessor or any of its their contractors or agents or by reason of the financing of the Property or any personality personalty or equipment purchased or leased by the Lessee or Alterations Improvements or Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee Agent or the Lessor, but expressly excluding any Lessor Liens; and; (viih) the transactions contemplated by the Lessee hereby or by any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee other Operative Document, in respect of the matters application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described herein under or from insurance paid for by any Person in Section 4975(c) of the Code (other than any Claim resulting from a breach of representation or warranty of the Indemnitee Lessor or an Affiliate thereof any Participant); or (i) the Existing Financing, any documentation relating thereto, the Existing Participants, the Existing Owner, or assigned the purchase of the Property by the Lessor, or any matters arising therefrom or related thereto; (1) any Claim to the Lessor by extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall ------------------- be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim), (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Term or the termination of the Lessee's right to possess and control the Property (but not any claim to the extent attributable to acts or events occurring prior to or during the Term or occurring at any time that the Lessee is in actual possession or control of the Property), (4) any Imposition or other claims for Taxes, and (y5) any other indemnity amount received by such Indemnitee Claims of the type(s) described in Sections 13.2 (only with respect to ------------- claims in respect of such matters from a Person (other than decline in the LessorFair Market Sales Value of the Property as a result of an event described in Section 13.2(b) unrelated to such Indemniteeand the Lessee's exercise of the Remarketing Option), 13.6, 13.7, 13.8 and 13.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold keep harmless each Indemnitee harmless, on a Grossed-Up Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereofthereof entered into or acknowledged by the Lessee; (iiib) the regulation of Leased Assets or any part thereof or interest therein; (c) the ownershippurchase, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to any provision hereof), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each Leased Property or any product produced therewith, each Site or any interest therein or improvements thereto in any Leased Asset or the failure imposition of any Lien (or incurring of any liability to perform refund or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a any Leased Property or a SiteAsset, (4) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the this Lease which policies are in effect at any time with respect to a any Leased Property Asset or any part thereof, (5) any Claim for patent, trademark or copyright infringement, (6) Claims which would otherwise be covered by insurance policies of the Lessee, as required by Article XVII, and (7) Claims arising from any public improvements with respect to a Leased any Property or a Site resulting in any change charge or special assessments being levied against such Leased the Property or such Site or any plans to modifywiden, widen modify or realign any street or highway adjacent to any Leased Property Property, or any Claim for utility "tap-in" fees; (vd) a the breach by the Lessee of any of its covenants under any Operative Documentcovenant, representation or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation warranty made by Lessee materially misleading) it or deemed made by it in any Operative Document or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to by any Operative Document; (vie) the retaining or employment of any broker, finder or financial advisor by the Lessee to act on its behalf in connection with the transactions contemplated hereby; (f) the existence of any Lien on or with respect to any Leased PropertyAsset, any Site, title thereto, any interest therein Capitalized Interest or any Basic Base Rent or Supplemental Rent, title thereto, or any interest therein including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site Asset or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality personalty or equipment purchased or leased by the Lessee or Alterations Modifications constructed by the Lessee, except Lessor Liens and Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; andor (viig) subject to the accuracy of Lessor's representation set forth in Section 6.1(a), the transactions contemplated by this Lease or by any Environmental Claim. other Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975 (c) of the Code; provided, however, the Lessee shall not be entitled required to credit against indemnify any payments due to an Indemnitee under this Section 7.1 both 26.1 for any of the following: (x1) any insurance recoveries received by Claim to the extent resulting from the willful misconduct or gross negligence of such Indemnitee (it being understood that the Lessee shall be required to indemnify an Indemnitee even if the ordinary (but not gross) negligence of such Indemnitee caused or contributed to such Claim) or the breach of any representation, warranty or covenant of such Indemnitee set forth in any Operative Document, (2) any Claim resulting from Lessor Liens which the Lessor is responsible for discharging under the Operative Documents, (3) any Claim to the extent attributable to acts or events occurring after the expiration of the Base Term or the return or remarketing of any Leased Asset so long as the Lessor is not exercising remedies against the Lessee in respect of the matters described herein under Operative Documents, (4) any Claim arising from a breach or from insurance paid for alleged breach by any Person other than the Indemnitee or an Affiliate thereof or assigned to the Lessor by of any agreement entered into in connection with the Lessee assignment or participation of Rent and (y5) any other indemnity amount received by such Indemnitee in respect of such matters Claim arising from a Person (other than the Lessor) unrelated 's or any other Indemnitee's violation of any state or federal law or regulation relating to such Indemniteebanking or the offer or sale of securities. It is expressly understood and agreed that the indemnity provided for herein shall survive the expiration or termination of and shall be separate and independent from any remedy under this Lease or any other Operative Document. Without limiting the express rights of any Indemnitee under this Section 26.1, this Section 26.1 shall be construed as an indemnity only and not a guaranty of residual value of any Leased Asset.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Rite Aid Corp)

General Indemnification. (a) Subject The Lessee agrees, whether or not ----------------------- any of the transactions contemplated hereby shall be consummated, to clauses (b) assume liability for, and (f) below, the Lessee will to indemnify, defend protect, defend, save and hold harmless each Indemnitee harmlessIndemnitee, on a Grossedan After-Up Tax Basis, from and against against, any and all Claims that may be imposed on, incurred by or asserted, or threatened to be asserted, against such Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such Indemnitee or otherwise), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not any such Indemnitee is shall also be indemnified as to any such matter Claim by any other Person and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Termination Date):, in any way relating to or arising out of: (i) each Leased Property, each Site, the Lessee Collateral or, in each case, any part thereof; (iia) any of the Operative Documents or any of the transactions contemplated thereby, or any investigation, litigation, enforcement or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; or (b) the Land, any Building or any part thereof or interest therein; (iiic) the regulation of the ownershippurchase, design, construction, preparation, installation, leasinginspection, use or operation delivery, non-delivery, acceptance, rejection, ownership, management, possession, operation, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition, substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspectiondisposition, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale pursuant to the Lease), return or other ownership interest, rental, use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment or other application or disposition of all or any part of each any interest in the Leased Property or the imposition of any product produced therewithLien (or incurring of any liability to refund or pay over any amount as a result of any Lien) thereon, each Site or any interest therein or improvements thereto or the failure to perform or accomplish any of the foregoing in accordance with the requirements of the Operative Documents, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (1) Claims or penalties arising from any violation or alleged violation of law or in tort (strict liability or otherwise), (2) latent or other defects, whether or not discoverable, (3) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a Sitethe part thereof, (4) the making of any Alterations in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or any part thereof, (5) any Claim for patent, trademark or copyright infringement, and (6) Claims arising from any public improvements with respect to a the Leased Property or a Site resulting in any change charge or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any the Leased Property or any Claim for utility "tap-in" fees; , (v7) a breach by the Lessee of any of its covenants under any Operative DocumentClaims for personal injury or real or personal property damage occurring, or a misrepresentation by allegedly occurring, on the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) in any Operative Document Land, Building or in any certificate or other document delivered by the Lessee to the Lessor pursuant to any Operative Document, or the occurrence of any Default or Event of Default, or the material inaccuracy of any information provided by any such party to any third party in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or and (8) any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee Claim in respect of the matters described herein under or from insurance paid for by any Person Tripartite Agreement/Option Agreement other than the Indemnitee or an Affiliate thereof or assigned to Claims resulting from actions of the Lessor by after the Lessee and (y) any other indemnity amount received by such Indemnitee in respect Closing Date taken without the consent of such matters from a Person (other than the Lessor) unrelated to such Indemnitee.Lessee;

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Certegy Inc)

General Indemnification. (a) Subject Without limitation on the rights of any Indemnitee under any other indemnification set forth in this Article XIII, whether or not any of the transactions contemplated hereby shall be consummated, Lessee shall pay and assume liability for, and does hereby agree to clauses (b) and (f) below, the Lessee will indemnify, defend protect, defend, save and hold keep harmless each General Indemnitee harmless, on a Grossed-Up Basis, from and against any and all Claims that may be imposed on, incurred by or asserted against such General Indemnitee (which may include the outstanding Lease Balance whether because of action or any portion thereof subject to any limitations set forth in the Operative Documentsomission by such General Indemnitee), including, without limitation, payments limited to the applicable Recourse Deficiency Amount) that directly or indirectly relate to, result from or arise out of or are alleged to relate to, result from or arise out of any of the following (whether or not such Claim is covered by any other indemnification under this Article XIII or such General Indemnitee is shall also be indemnified as to any such matter Claim by any other Person Person, and whether or not such Claim arises or accrues prior to the Closing Date or after the Lease Expiration Date): (i) each Leased Property, each Site, the Lessee Collateral or, in each casecase under this Section 13.1(a), arising out of or in any part thereof;way relating to: (ii1) any of the Operative Documents or Documents, any of the transactions contemplated thereby, thereby or any investigation, litigation, enforcement litigation or proceeding in connection therewith, and any amendment, modification or waiver in respect thereof; (iii2) the regulation of Leased Property, or any part thereof or interest therein; (3) the ownershippurchase, manufacturing, mortgaging, design, construction, preparation, installation, leasinginspection, use delivery, non-delivery, acceptance, rejection, purchase, ownership, possession, rental, lease, sublease, repossession, maintenance, repair, alteration, modification, addition or operation substitution, storage, transfer of each Leased Propertytitle, each Site or any part thereofredelivery, but only to the extent that the Indemnitee is subjected to such regulation as a result of its being a party to or beneficiary of the Operative Documents or its involvement in the transactions contemplated in the Operative Documents; (iv) the offeruse, financing, refinancing, inspection, mortgaging, pledging, granting of a security interest in, design, manufacture, construction, purchase, ownership, acquisition, acceptance, rejection, delivery, nondelivery, redelivery, possession, transportation, lease, sublease, installationoperation, condition, transfer of title sale (including, without limitation, any sale or other ownership interesttransfer pursuant to Sections 15.1 or 16.2 of the Lease or any sale or transfer pursuant to Articles XVIII, rentalXX or XXI of the Lease), use, operation, storage, maintenance, modification, alteration, repair, assembly, sale, return, abandonment return or other application or disposition of all or any part of each any interest in the Leased Property or any product produced therewith, each the Site or the imposition of any interest therein Lien (or improvements thereto incurring of any liability to refund or the failure to perform or accomplish pay over any amount as a result of the foregoing in accordance with the requirements of the Operative Documentsany Lien) thereon, other agreements governing such matters or Applicable Laws or Regulations including, without limitation, : (i) Claims or penalties arising under the Purchase Agreement or any other agreements or obligations relating to the acquisition of the Site or from any violation of law or in tort (strict liability or otherwise) by Lessee, Administrative Agent, Lessor, any Participant or any other Person or with respect to the use, operation or maintenance of the Leased Property or the Site, (ii) loss of or damage to the environment (including, without limitation, investigation costs, cleanup costs, response costs, remediation and removal costs, costs of corrective action, costs of financial assurance, and all other damages, costs, fees and expenses, fines and penalties, including natural resource damages), or death or injury to any Person, and all expenses associated with the protection of wildlife, aquatic species, vegetation, flora and fauna, and any mitigating action required by or under any Environmental Laws, (iii) any Claim resulting from or related to latent or other defectsdefects in the Leased Property, whether or not discoverable, (iv) any Claims resulting from the existence or Release of any Hazardous Substance at or from the Leased Property or the Site, (v) any Claim resulting from or related to the purchase, acquisition, lease or transfer of the Leased Property, (vi) any Claim based upon a violation or alleged violation of the terms of any restriction, easement, condition or covenant or other matter affecting title to a the Leased Property or a the Site, (vii) the making of any Alterations Modifications in violation of any standards imposed by any insurance policies required to be maintained by the Lessee pursuant to the Lease which policies are in effect at any time with respect to a the Leased Property or the Site or any part thereof, or (viii) any Claim for patent, trademark or copyright infringement, and Claims arising from any public improvements with respect to a Leased Property or a Site resulting in any change or special assessments being levied against such Leased Property or such Site or any plans to modify, widen or realign any street or highway adjacent to any Leased Property or any Claim for utility “tap-in” fees; (v4) a breach the offer, issuance, sale, transfer or delivery of the Rent Assignment Contributions or Lessor Amount in accordance with the terms of the Second A&R Participation Agreement and/or this Participation Agreement, as applicable; (5) any inaccuracy of any representation or warranty made by the Lessee of or any of its covenants under any Operative Document, or a misrepresentation by the Lessee (including any omission by Lessee that makes any representation made by Lessee materially misleading) Subsidiaries in any Operative Document or in any certificate delivered by it with respect to any of the Operative Documents; (6) the transactions contemplated hereby or by any other document delivered Operative Document, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA and any prohibited transaction described in Section 4975(c) of the Code other than as a result of a breach of the representation set forth in Section 8.1(d) hereof; (7) the retaining or employment of any broker, finder or financial advisor by the Lessee to the Lessor pursuant to act on its behalf in connection with this Participation Agreement; or (8) any Operative Document, other agreement entered into or the occurrence of any Default assumed by Lessee or Event of Default, or the material inaccuracy of any information provided by any such party to any third party its Affiliate in connection with the preparation by such third party of a report or other document required to be delivered pursuant to any Operative Document; (vi) the existence of any Lien on or with respect to any Leased Property, any Site, title thereto, any interest therein or any Basic Rent or Supplemental Rent, including any Liens which arise out of the possession, use, occupancy, construction, repair or rebuilding of any Leased Property or any Site or by reason of labor or materials furnished or claimed to have been furnished to the Lessee(including, or any of its contractors or agents or by reason of the financing of any personality or equipment purchased or leased by the Lessee or Alterations constructed by the Lessee, except Liens in favor of the Lessee or the Lessor, but expressly excluding any Lessor Liens; and (vii) any Environmental Claim. Lessee shall be entitled to credit against any payments due to an Indemnitee under this Section 7.1 both (x) any insurance recoveries received by such Indemnitee in respect connection with each of the matters described herein under in this Section 13.1 to which this indemnity shall apply, matters based on or arising from insurance paid for by the negligence of any Person other than the Participant Indemnitee or an Affiliate thereof any General Indemnitee). It is expressly understood and agreed that the indemnities provided for herein shall, except as otherwise provided herein, (i) survive the expiration or assigned to termination of and shall be separate and independent from any remedy under the Lessor by the Lessee Lease or any other Operative Document and (yii) any other indemnity amount received by such Indemnitee in respect of such matters from continue to benefit a Person (other than the Lessor) unrelated Participant that has been replaced pursuant to such IndemniteeSection 14.9 hereof.

Appears in 1 contract

Samples: Participation Agreement (Regeneron Pharmaceuticals, Inc.)

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