Common use of Indemnification of Escrow Agent Clause in Contracts

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

Appears in 32 contracts

Samples: Subscription Escrow Agreement (American Realty Capital Trust IV, Inc.), Subscription Escrow Agreement (ARC Realty Finance Trust, Inc.), Form of Subscription Escrow Agreement (ARC Realty Finance Trust, Inc.)

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Indemnification of Escrow Agent. The Company and the Dealer Manager hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

Appears in 23 contracts

Samples: Escrow Agreement (American Realty Capital New York City REIT II, Inc.), Form of Escrow Agreement (American Realty Capital New York City REIT II, Inc.), Escrow Agreement (American Realty Capital - Retail Centers of America II, Inc.)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby agree to jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

Appears in 16 contracts

Samples: Dealer Manager Agreement (Resource Apartment REIT III, Inc.), Escrow Agreement (Starwood Real Estate Income Trust, Inc.), Escrow Agreement (Resource Apartment REIT III, Inc.)

Indemnification of Escrow Agent. The Company and the Dealer Manager hereby agree to, jointly and severally severally, indemnify, defend and hold harmless the Escrow Agent from and against, any and all losslosses, liabilityliabilities, costcosts, damage damages and expenseexpenses, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

Appears in 14 contracts

Samples: Subscription Escrow Agreement (Trilogy Multifamily Income & Growth Holdings I, LLC), Subscription Escrow Agreement (Trilogy Multifamily Income & Growth Holdings I, LLC), Subscription Escrow Agreement (GK Investment Property Holdings II LLC)

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Indemnification of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

Appears in 11 contracts

Samples: Escrow Agreement, Subscription Escrow Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Subscription Escrow Agreement (Business Development Corp of America)

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