Common use of Indemnification For Claims Brought By Third Parties Clause in Contracts

Indemnification For Claims Brought By Third Parties. Merchant and each Principal have represented and warranted that the Amount Sold of Future Receipts that Merchant sold to Purchaser was freely assignable by Merchant and that this Agreement does not violate the terms of any other agreement to which Merchant or any Principal is subject (including but not limited to any other sale of future receipts agreement or any loans). It is expressly agreed that Merchant and each Principal, jointly and severally, shall assume liability for and do hereby agree to indemnify, protect and hold harmless Purchaser and its agents, affiliates and servants, from and against any and all liabilities, claims, losses, obligations, damages, penalties, actions and suits of whatsoever kind and nature imposed on, incurred by or asserted against Purchaser or its agents, affiliates and servants, in any way relating to or growing out of any claim by any third party that this Agreement violates the terms of any other agreement to which Merchant or any Principal is subject.