Common use of Indemnification of Escrow Holder Clause in Contracts

Indemnification of Escrow Holder. Optionor and Optionee hereby indemnify and hold harmless Escrow Holder for having disbursed the Option Payments, including the Option Fee, to Optionor prior to Closing and the recording of the a Deed, if applicable, in each case in accordance with the terms thereof.

Indemnification of Escrow Holder. Optionor Each Optionor, as to those Option Payments payable to it, and Optionee hereby indemnify and hold harmless Escrow Holder for having disbursed the Option Payments, including the Option Fee, to each such Optionor prior to Closing and the recording of the a Deed, if applicable, in each case in accordance with the terms thereof.