Common use of Indemnification by Contributor Clause in Contracts

Indemnification by Contributor. The Contributor hereby indemnifies and holds the Acquiror harmless from and against any and all suits, actions, claims, costs, penalties, damages, losses, liabilities and expenses, subject to Section 9.11 that may at any time be incurred by the Acquiror, whether before or after Closing, (i) as a result of any breach by the Contributor of any of his representations, warranties, covenants or obligations set forth herein or in any other document delivered by the Contributor pursuant hereto, (ii) relating to any suits, litigation or actions brought against any Contributor or the LLC prior to the Closing Date, (iii) in connection with any and all liabilities and obligations of the LLC occurring, accruing or arising prior to the Closing Date, and/or (iv) as a result of or in connection with the use or operation of the Property prior to the Closing Date.

Appears in 3 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

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Indemnification by Contributor. The Contributor hereby indemnifies and holds the Acquiror Acquirer harmless from and against any and all suits, actions, claims, costs, penalties, damages, losses, liabilities and expenses, subject to Section 9.11 9.11, that may at any time be incurred by the AcquirorAcquirer, whether before or after Closing, (i) as a result of any breach by the Contributor of any of his representations, warranties, covenants or obligations set forth herein or in any other document delivered by the Contributor pursuant hereto, (ii) relating to any suits, litigation or actions brought against any Contributor or the LLC prior to the Closing Date, (iii) in connection with Contributor’s share of any and all liabilities and obligations of the LLC LP occurring, accruing or arising prior to the Closing Date, and/or (iv) as a result of or in connection with the Contributor’s use or operation of the Property prior to the Closing Date.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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Indemnification by Contributor. The Contributor hereby indemnifies and holds each of the Acquiror OP and Property Partnership harmless from and against any and all suits, actions, claims, costs, penalties, damages, losses, liabilities and expenses, subject to Section 9.11 9.11, that may at any time be incurred by the AcquirorOP or Property Partnership, whether before or after Closing, (i) as a result of any breach by the Contributor of any of his its representations, warranties, covenants or obligations set forth herein or in any other document delivered by the Contributor pursuant hereto, (ii) relating to any suits, litigation or actions brought against any Contributor or the LLC prior to the Closing Date, (iii) in connection with any and all liabilities and obligations of the LLC Contributor occurring, accruing or arising prior to the Closing Date, and/or (iv) as a result of or in connection with the use or operation of the Property prior to the Closing Date.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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