Indemnification Regarding Assumed Obligations. Whenever it is provided in this Agreement that an obligation of one party will be assumed by the other party from and after the Closing Date, the party so assuming such liability shall be deemed to have also agreed to indemnify and hold harmless the other party, its successors and assigns, from all claims, losses, liabilities and expenses (including reasonable attorneys' and accountants' fees) arising from any failure of the assuming party to perform the obligation so assumed from and after the Closing Date.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Key Tronic Corp), Purchase and Sale Agreement (Cavanaughs Hospitality Corp), Purchase and Sale Agreement (Cavanaughs Hospitality Corp)
