Common use of Hold Harmless/Indemnity Clause in Contracts

Hold Harmless/Indemnity. Borrower hereby assumes responsibility and liability for, and hereby holds harmless and indemnifies HCA from and against, any and all liabilities, demands, obligations, injuries, costs, damages (direct, indirect or consequential), awards, loss of interest, principal, or any portion of the Indebtedness, charges, expenses, payments of monies and reasonable attorney fees, incurred or suffered, directly or indirectly, by HCA and/or asserted against HCA by any Person whatsoever, including Borrower or Guarantor, which arise in whole or in part out of this Agreement, or the Collateral Documents, or the relationship herein set forth or the exercise of any right or remedy including the realization, disposition or sale of the Collateral, or any portion thereof, or the exercise of any right in connection therewith even if the above are caused by the sole action, inaction, omission or negligence of HCA, but Borrower or Guarantor shall not be liable if the damages result solely from the fraud or gross negligence of HCA.

Appears in 2 contracts

Samples: Loan and Security Agreement (Boxlight Corp), Loan and Security Agreement (Boxlight Corp)

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Hold Harmless/Indemnity. Borrower hereby assumes responsibility and liability for, and hereby holds harmless and indemnifies HCA Crestmark from and against, any and all liabilities, demands, obligations, injuries, costs, damages (direct, indirect or consequential), awards, loss of interest, principal, or any portion of the Indebtedness, charges, expenses, payments of monies and reasonable attorney fees, incurred or suffered, directly or indirectly, by HCA Crestmark and/or asserted against HCA Crestmark by any Person whatsoever, including Borrower or GuarantorBorrower, which arise in whole or in part out of this Agreement, or the Collateral Documents, or the relationship herein set forth or the exercise of any right or remedy including the realization, disposition or sale of the Collateral, or any portion thereof, or the exercise of any right in connection therewith even if the above are caused by the sole action, inaction, omission or negligence of HCACrestmark, but Borrower or Guarantor shall not be liable if the damages result solely from the fraud or gross negligence of HCACrestmark.

Appears in 2 contracts

Samples: Loan Agreement (Big Buck Brewery & Steakhouse Inc), Loan Agreement (Big Buck Brewery & Steakhouse Inc)

Hold Harmless/Indemnity. Borrower hereby assumes responsibility and liability for, and hereby holds harmless and indemnifies HCA Lender from and against, any and all liabilities, demands, obligations, injuries, costs, damages (direct, indirect or consequential), awards, loss of interest, principal, or any portion of the Indebtedness, charges, expenses, payments of monies and reasonable attorney fees, incurred or suffered, directly or indirectly, by HCA Lender and/or asserted against HCA Lender by any Person whatsoever, including Borrower or Validity Guarantor, which arise in whole or in part out of this Agreement, or the Collateral Documents, or the relationship herein set forth or the exercise of any right or remedy including the realization, disposition or sale of the Collateral, or any portion thereof, or the exercise of any right in connection therewith even if the above are caused by the sole action, inaction, omission or negligence of HCALender, but Borrower or Validity Guarantor shall will not be liable if the damages result solely from the fraud or gross negligence of HCALender.

Appears in 1 contract

Samples: Collateral Security Agreement (Singing Machine Co Inc)

Hold Harmless/Indemnity. Borrower hereby assumes responsibility and liability for, and hereby holds harmless and indemnifies HCA Crestmark from and against, any and all liabilities, demands, obligations, injuries, costs, damages (direct, indirect or consequential), awards, loss of interest, principal, or any portion of the Indebtedness, charges, expenses, payments of monies and reasonable attorney fees, incurred or suffered, directly or indirectly, by HCA Crestmark and/or asserted against HCA Crestmark by any Person whatsoever, including Borrower or Guarantor, which arise in whole or in part out of this Agreement, or the Collateral Documents, or the relationship herein set forth or the exercise of any right or remedy including the realization, disposition or sale of the Collateral, or any portion thereof, or the exercise of any right in connection therewith even if the above are caused by the sole action, inaction, omission or negligence of HCACrestmark, but Borrower or Guarantor shall not be liable if the damages result solely from the fraud or gross negligence of HCACrestmark.

Appears in 1 contract

Samples: Loan and Security Agreement (Somanetics Corp)

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Hold Harmless/Indemnity. Borrower hereby assumes responsibility and liability for, and hereby holds harmless and indemnifies HCA Crestmark from and against, any and all liabilities, demands, obligations, injuries, costs, damages (direct, indirect or consequential), awards, loss of interest, principal, or any portion of the Indebtedness, charges, expenses, payments of monies and reasonable attorney fees, incurred or suffered, directly or indirectly, by HCA Crestmark and/or asserted against HCA Crestmark by any Person whatsoever, including Borrower or Guarantor, which arise in whole or in part out of this Agreement, or the Collateral Documents, or the relationship herein set forth or the exercise of any right or remedy including the realization, disposition or sale of the Collateral, or any portion thereof, or the exercise of any right in connection therewith even if the above are caused by the sole action, inaction, omission or negligence of HCACrestmark, but Borrower or Guarantor shall not be liable if the damages result solely from the fraud or gross negligence of HCACrestmark.

Appears in 1 contract

Samples: Loan and Security Agreement (Inmold Inc)

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