Indemnification Regarding Assumed Obligations. Whenever it is --------------------------------------------- provided in this Agreement that an obligation of one party will be assumed by the other party on or after the Closing, the party so assuming such liability also shall be deemed to have agreed to indemnify, defend and hold harmless the other party and its affiliates, successors and assigns, from all claims, losses, damages, liabilities, costs and expenses (including reasonable attorneys' fees and other legal expenses and other charges) to the extent arising from any failure of the assuming party to perform the obligation so assumed after the Closing and from all third party claims brought against the other party to the extent relating to the period from and after assumption of the liability on which the claim is based.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Apple Hospitality Two Inc), Assignment and Assumption Agreement (Apple Hospitality Two Inc), Purchase Agreement (Crestline Capital Corp)
Indemnification Regarding Assumed Obligations. Whenever it is provided --------------------------------------------- provided in this Agreement that an obligation of one party will be assumed by the other party on or after the Closing, the party so assuming such liability also shall be deemed to have agreed to indemnify, defend and hold harmless the other party and its affiliates, successors and assigns, from all claims, losses, damages, liabilities, costs and expenses (including reasonable attorneys' fees and other legal expenses and other charges) to the extent arising from any failure of the assuming party to perform the obligation so assumed after the Closing and from all third party claims brought against the other party to the extent relating to the period from and after assumption of the liability on which the claim is based.
Appears in 3 contracts
Samples: Purchase Agreement (Apple Hospitality Two Inc), Purchase Agreement (Crestline Capital Corp), Purchase Agreement (Crestline Capital Corp)
Indemnification Regarding Assumed Obligations. Whenever it is --------------------------------------------- provided in this Agreement that an obligation of one party will be assumed by the other party on or after the Closing, the party so assuming such liability also shall be deemed to have agreed to indemnify, defend and hold harmless the other party and its affiliates, successors and assigns, from and against all claims, losses, damages, liabilities, costs and expenses (including reasonable attorneys' fees and other legal expenses and other charges) to the extent arising from any failure of the assuming party to perform the obligation so assumed after the Closing and from all third party claims brought against the other party to the extent relating to the period from and after assumption of the liability on which the claim is based.
Appears in 1 contract
Indemnification Regarding Assumed Obligations. Whenever it is --------------------------------------------- provided in this Agreement that an obligation of one party will be assumed by the other party on or after the Closing, the party so assuming such liability also shall be deemed to have agreed to indemnify, defend and hold harmless the other party and its affiliates, successors and assigns, from and against all claims, losses, damages, liabilities, costs and expenses (including reasonable attorneys' ’ fees and other legal expenses and other charges) to the extent arising from any failure of the assuming party to perform the obligation so assumed after the Closing and from all third party claims brought against the other party to the extent relating to the period from and after assumption of the liability on which the claim is based.
Appears in 1 contract
