Common use of Guaranty and Indemnification Clause in Contracts

Guaranty and Indemnification. In consideration of financing provided or to be provided by you to Solvenson Crane Rentals, Inc. ("Dealer"), and for other good and valuable consideration received, the undersigned (individually and/or collectively "Guarantor") unconditionally and absolutely guaranty to DFS, from property held separately, jointly or in community, the immediate payment when due of all current and future liabilities owed by Dealer to DFS, whether such liabilities are direct, indirect or owed by Dealer to a third party and acquired by DFS ("Liabilities"). Guarantor will pay DFS on demand the full amount of all sums owed by Dealer to DFS, together with all costs and expenses (including, without limitation, reasonable attorneys' fees). Guarantor also indemnifies and holds DFS harmless from and against all (a) losses, costs and expenses DFS incurs and/or is liable for (including, without limitation, reasonable attorneys' fees) and (b) claims, actions and demands made by Dealer or any third party against DFS; which in any way relate to any relationship or transaction between DFS and Dealer.

Appears in 1 contract

Samples: Wholesale Financing Agreement (Crescent Operating Inc)

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Guaranty and Indemnification. In consideration of financing provided or to be provided by you to Solvenson Crane Rentals, Inc. Elcom Group Limited ("Dealer"), and for other good and valuable consideration received, the undersigned (individually and/or collectively "Guarantor") unconditionally and absolutely guaranty to DFS, from property held separately, jointly separately or in communityjointly, the immediate payment when due of all current and future liabilities owed by Dealer to DFS, whether such liabilities are direct, direct or indirect or owed by Dealer to a third party and acquired by DFS ("Liabilities"). Guarantor will pay DFS on demand the full amount of all sums owed by Dealer to DFS, together with all costs and expenses (including, without limitation, reasonable attorneys' fees). Guarantor also indemnifies and holds DFS harmless from and against all (a) losses, costs and expenses DFS incurs and/or is liable for (including, without limitation, reasonable attorneys' fees) and (b) claims, actions and demands made by Dealer or any third party against DFS; , which in any way relate to any relationship or transaction between DFS and Dealer.

Appears in 1 contract

Samples: Collateralized Guaranty (Elcom International Inc)

Guaranty and Indemnification. In consideration of financing provided or to be provided by you to Solvenson Crane Rentals, Inc. Crescent Machinery Company ("Dealer"), and for other good and valuable consideration received, the undersigned (individually and/or collectively "Guarantor") unconditionally and absolutely guaranty to DFS, from property held separately, jointly or in community, the immediate payment when due of all current and future liabilities owed by Dealer to DFS, whether such liabilities are direct, indirect or owed by Dealer to a third party and acquired by DFS ("Liabilities"). Guarantor will pay DFS on demand the full amount of all sums owed by Dealer to DFS, together with all costs and expenses (including, without limitation, reasonable attorneys' attorneys fees). Guarantor also indemnifies and holds DFS harmless from and against all (a) losses, costs and expenses DFS incurs and/or is liable for (including, without limitation, reasonable attorneys' fees) and (b) claims, actions and demands made by Dealer or any third party against DFS; which in any way relate to any relationship or transaction between DFS and Dealer.

Appears in 1 contract

Samples: Wholesale Financing Agreement (Crescent Operating Inc)

Guaranty and Indemnification. In consideration of financing provided or to be provided by you to Solvenson Crane RentalsMachinery, Inc. ("Dealer"), and for other good and valuable consideration received, the undersigned (individually and/or collectively "Guarantor") unconditionally and absolutely guaranty to DFS, from property held separately, jointly or in community, the immediate payment when due of all current and future liabilities owed by Dealer to DFS, whether such liabilities are direct, indirect or owed by Dealer to a third party and acquired by DFS ("Liabilities"). Guarantor will pay DFS on demand the full amount of all sums owed by Dealer to DFS, together with all costs and expenses (including, without limitation, reasonable attorneys' fees). Guarantor also indemnifies and holds DFS harmless from and against all (a) losses, costs and expenses DFS incurs and/or is liable for (including, without limitation, reasonable attorneys' fees) and (b) claims, actions and demands made by Dealer or any third party against DFS; which in any way relate to any relationship or transaction between DFS and Dealer.

Appears in 1 contract

Samples: Wholesale Financing Agreement (Crescent Operating Inc)

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Guaranty and Indemnification. In consideration of financing provided or to be provided by you to Solvenson Crane RentalsHarvxx Xxxipment Center, Inc. ("Dealer"), and for other good and valuable consideration received, the undersigned (individually and/or collectively "Guarantor") unconditionally and absolutely guaranty to DFS, from property held separately, jointly or in community, the immediate payment when due of all current and future liabilities owed by Dealer to DFS, whether such liabilities are direct, indirect or owed by Dealer to a third party and acquired by DFS ("Liabilities"). Guarantor will pay DFS on demand the full amount of all sums owed by Dealer to DFS, together with all costs and expenses (including, without limitation, reasonable attorneys' attorneys fees). Guarantor also indemnifies and holds DFS harmless from and against all (a) losses, costs and expenses DFS incurs and/or is liable for (including, without limitation, reasonable attorneys' fees) and (b) claims, actions and demands made by Dealer or any third party against DFS; which in any way relate to any relationship or transaction between DFS and Dealer.

Appears in 1 contract

Samples: Wholesale Financing Agreement (Crescent Operating Inc)

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