Common use of Indemnification of Bank Clause in Contracts

Indemnification of Bank. The Creditor agrees to indemnify and to hold the Bank, its officers, directors, agents and employees harmless for any and all losses, damages, liabilities, expenses and obligations, including attorneys' fees and expenses, as they arise, relating to actions of the Creditor taken contrary to this Agreement.

Appears in 2 contracts

Samples: Subordination Agreement (Brekford Corp.), Subordination Agreement (Brekford Corp.)

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Indemnification of Bank. The Each Creditor agrees to indemnify and to hold the Bank, its officers, directors, agents and employees harmless for any and all losses, damages, liabilities, expenses and obligations, including attorneys' fees and expenses, as they arise, relating to actions of the such Creditor taken contrary to this Agreement, to the extent such actions arise from such Creditor's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Subordination Agreement (Perma Fix Environmental Services Inc)

Indemnification of Bank. The Creditor agrees to indemnify and to hold the Bank, Bank and its officers, directors, agents and employees harmless for any and all losses, damages, liabilities, expenses and obligations, including attorneys' ’ fees and expenses, as they arise, relating to actions the action of the Creditor taken contrary to this Agreement.

Appears in 1 contract

Samples: Guaranty Agreement (Universal Stainless & Alloy Products Inc)

Indemnification of Bank. The Creditor agrees to indemnify and to hold the BankBank and the Lenders, its and each of their officers, directors, agents and employees employees, harmless for from any and all losses, damages, liabilities, expenses and obligations, including attorneys' fees and expenses, as they arise, relating to actions of the Creditor taken contrary to this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Small World Kids Inc)

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Indemnification of Bank. The Creditor agrees to indemnify and to hold the Bank, its officers, directors, agents and employees harmless for any and all losses, damages, liabilities, expenses and obligations, including attorneys' fees and expenses, as they arise, relating to actions of the Creditor taken contrary to this Agreement, to the extent such actions arise from the Creditor's gross negligence or willful misconduct. 18.

Appears in 1 contract

Samples: Subordination Agreement (Perma Fix Environmental Services Inc)

Indemnification of Bank. The Creditor agrees to indemnify and to hold ----------------------- the Bank, Bank and its officers, directors, agents and employees harmless for any and all losses, damages, liabilities, expenses and obligations, including attorneys' fees and expenses, as they arise, relating to actions the action of the Creditor taken contrary to this Subordination Agreement.

Appears in 1 contract

Samples: By Agreement (Universal Stainless & Alloy Products Inc)

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