Common use of INDEMNIFICATION 13 Clause in Contracts

INDEMNIFICATION 13. 1 The Borrower shall indemnify the Treasury and its officers, directors, employees and agents (each, an “Indemnified Party”) for any loss, claim, damage, liability, and expense (including, without limitation, reasonable attorneys’ fees, court costs and expenses of litigation) incurred by an Indemnified Party in the course of or arising out of the performance of the Lending Agreement, any action related to Collateral, or any action to which an Indemnified Party may become subject in connection with the Treasury’s exercise, enforcement or preservation of any right or remedy granted to it under the Lending Agreement, except to the extent that such loss, claim, damage, liability, or expense results, as determined by a court, from the Treasury’s gross negligence or willful misconduct.

INDEMNIFICATION 13. 1 The Borrower shall indemnify the Treasury and its officers, directors, employees and agents (each, an “"Indemnified Party”") for any loss, claim, damage, liability, and expense (including, without limitation, reasonable attorneys’ ' fees, court costs and expenses of litigation) incurred by an Indemnified Party in the course of or arising out of the performance of the Lending Agreement, any action related to Collateral, or any action to which an Indemnified Party may become subject in connection with the Treasury’s 's exercise, enforcement or preservation of any right or remedy granted to it under the Lending Agreement, except to the extent that such loss, claim, damage, liability, or expense results, as determined by a court, from the Treasury’s 's gross negligence or willful misconduct.