Indemnification of the Bank. The Borrower agrees to indemnify, defend and hold the Bank, its parent companies, subsidiaries, affiliates, their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively, the "Indemnified Persons") harmless from any and against any and all loss, liability, obligation, damage, penalty, judgment, claim, deficiency, expense, interest, penalties, attorneys' fees (including the fees and expenses of attorneys engaged by the Indemnified Person at the Indemnified Person's reasonable discretion) and amounts paid in settlement ("Claims") to which any Indemnified Person may become subject arising out of or relating to this agreement or the Collateral, including any Claims resulting from any Indemnified Person's own negligence, except to the limited extent that the Claims are proximately caused by the Indemnified Person's gross negligence or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this agreement and shall not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance.
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Samples: Credit Agreement (Tandy Leather Factory Inc), Chase Credit Agreement (Sharps Compliance Corp)
Indemnification of the Bank. The Borrower agrees to indemnify, defend and hold the Bank, its parent companies, subsidiaries, affiliates, their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively, the "“Indemnified Persons"”) harmless from any and against any and all loss, liability, obligation, damage, penalty, judgment, claim, deficiency, expense, interest, penalties, attorneys' ’ fees (including the fees and expenses of attorneys engaged by the Indemnified Person at the Indemnified Person's ’s reasonable discretion) and amounts paid in settlement ("“Claims"”) to which any Indemnified Person may become subject arising out of or relating to this agreement or the Collateral, including any Claims resulting from any Indemnified Person's ’s own negligence, except to the limited extent that the Claims are proximately caused by the Indemnified Person's ’s gross negligence or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this agreement and shall not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance.
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Indemnification of the Bank. The Borrower agrees to indemnify, defend and hold the Bank, its parent companies, subsidiariesSubsidiaries, affiliatesAffiliates, their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively, the "“Indemnified Persons"”) harmless from any and against any and all documented loss, liability, obligation, damage, penalty, judgment, claim, deficiency, expense, interest, penalties, reasonable and documented attorneys' ’ fees (including the reasonable and documented fees and expenses of any attorneys engaged by the Indemnified Person at the Indemnified Person's reasonable discretion) and amounts paid in settlement ("“Claims"”) to which any Indemnified Person may become subject arising out of or relating to the Credit Facilities, the Credit Facility Indebtedness under this agreement Agreement or any other Credit Facility Related Documents or the Collateral, including any Claims resulting from any Indemnified Person's own negligence, except to the limited extent that the Claims are proximately caused by the Indemnified Person's ’s gross negligence or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this agreement Agreement and shall not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance.
Appears in 1 contract
Samples: Credit Agreement (Bsquare Corp /Wa)
Indemnification of the Bank. The Borrower agrees to indemnify, defend and hold the Bank, its parent companies, subsidiariesSubsidiaries, affiliatesAffiliates, their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively, the "“Indemnified Persons"”) harmless from any and against any and all loss, liability, obligation, damage, penalty, judgment, claim, deficiency, expense, interest, penalties, reasonable attorneys' ’ fees (including the reasonable fees and expenses of any attorneys engaged by the Indemnified Person at the Indemnified Person's ’s reasonable discretion) and amounts paid in settlement ("“Claims"”) to which any Indemnified Person may become subject arising out of or relating to the Credit Facilities, the Liabilities under this agreement or any other Related Documents or the Collateral, including any Claims resulting from any Indemnified Person's own negligence, except to the limited extent that the Claims are proximately caused by the Indemnified Person's ’s gross negligence or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this agreement and shall not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance.
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