Common use of Indemnification of Beneficiary Clause in Contracts

Indemnification of Beneficiary. Nothing herein contained shall be deemed to obligate Beneficiary to perform or discharge any obligation, duty or liability of any lessor under any Lease of the Property, and Grantor shall and does hereby indemnify and hold Beneficiary harmless from any and all liability, loss or damage which Beneficiary may or might incur under any Lease of the Property or by reason of this assignment; and any and all such liability, loss or damage incurred by Beneficiary, together with the costs and expenses, including reasonable attorneys’ fees, incurred by Beneficiary in defense of any claims or demands therefor (whether successful or not), shall be additional Secured Obligations, and Grantor shall reimburse Beneficiary therefor on demand.

Appears in 2 contracts

Samples: Deed of Trust (Griffin Capital Essential Asset REIT II, Inc.), Deed of Trust (Griffin Capital Essential Asset REIT II, Inc.)

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Indemnification of Beneficiary. Nothing herein contained shall be deemed to obligate Beneficiary to perform or discharge any obligation, duty or liability of any lessor under any Lease of the Property, and Grantor Trustor shall and does hereby indemnify and hold Beneficiary harmless from any and all liability, loss or damage which Beneficiary may or might incur under any Lease of the Property or by reason of this assignment; and any and all such liability, loss or damage incurred by Beneficiary, together with the costs and expenses, including reasonable attorneys’ fees, incurred by Beneficiary in defense of any claims or demands therefor (whether successful or not), shall be additional Secured Obligations, and Grantor Trustor shall reimburse Beneficiary therefor on demand.

Appears in 2 contracts

Samples: Deed of Trust, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Hudson Pacific Properties, Inc.), Deed of Trust (KBS Real Estate Investment Trust, Inc.)

Indemnification of Beneficiary. Nothing herein contained shall be deemed to obligate Beneficiary to perform or discharge any obligation, duty duty, or liability of any lessor under any Lease of the Property, and Grantor Trustor shall and does hereby indemnify and hold Beneficiary harmless from any and all liability, loss loss, or damage which Beneficiary may or might incur under any Lease of the Property or by reason of this assignment; and any and all such liability, loss loss, or damage incurred by Beneficiary, together with the costs and expenses, including reasonable attorneys' fees, incurred by Beneficiary in defense of any claims or demands therefor (whether successful or not), shall be additional Secured Obligations, and Grantor Trustor shall reimburse Beneficiary therefor on demand.

Appears in 1 contract

Samples: Deed of Trust (Asset Investors Corp)

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Indemnification of Beneficiary. Nothing herein contained shall be deemed to obligate Beneficiary to perform or discharge any obligation, . duty or liability of any lessor under any Lease lease of the Property, and Grantor shall and does hereby indemnify and hold Beneficiary harmless from any and all liability, loss or damage which Beneficiary may or might incur under any Lease lease of the Property or by reason of this the assignment; and any and all such liability, loss or damage incurred by Beneficiary, together with the costs and expenses, including reasonable attorneys’ fees, incurred by Beneficiary in defense of any claims or demands therefor (whether successful or not), shall be additional Secured ObligationsIndebtedness, and Grantor shall reimburse Beneficiary therefor on demand.

Appears in 1 contract

Samples: Deed of Trust (Behringer Harvard Opportunity REIT II, Inc.)

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