Common use of Indemnity and Expenses Clause in Contracts

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 19 contracts

Samples: Security Agreement (Duos Technologies Group, Inc.), Security and Pledge Agreement (Gaucho Group Holdings, Inc.), Security and Pledge Agreement (Gaucho Group Holdings, Inc.)

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Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights or remedies of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 19 contracts

Samples: Security and Pledge Agreement (Golden Sun Health Technology Group LTD), Security and Pledge Agreement (FTC Solar, Inc.), Security and Pledge Agreement (Eastside Distilling, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 10 contracts

Samples: Security Agreement (Alpha Energy Inc), Security Agreement (Alpha Energy Inc), Security Agreement (Socket Mobile, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 10 contracts

Samples: Security and Pledge Agreement (Digital Angel Corp), Security and Pledge Agreement (Worlds Online Inc.), Security and Pledge Agreement (WPCS International Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities arising or resulting directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Pledgor shall be obligated for, jointly and severally, to will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 8 contracts

Samples: Securities Purchase Agreement (A-Power Energy Generation Systems, Ltd.), Pledge Agreement (Lotus Pharmaceuticals, Inc.), Pledge Agreement (A-Power Energy Generation Systems, Ltd.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Fuse Science, Inc.), Security Agreement (Universal Food & Beverage Compny), Pledge and Security Agreement (Answers CORP)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each Lender (and all of the Noteholders harmless their respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, costs and disbursements expenses of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, the enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 6 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Advanced Cannabis Solutions, Inc.), Pledge and Security Agreement (SouthPeak Interactive CORP), Security Agreement (House of Taylor Jewelry, Inc.)

Indemnity and Expenses. (a) Each Grantor agreesof the Pledgors, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, losses or liabilities arising or resulting directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor shall be jointly and severallyseverally obligated for, to and will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent's counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 4 contracts

Samples: Pledge Agreement (RxElite, Inc.), Pledge Agreement (DigitalFX International Inc), Pledge Agreement (Raptor Networks Technology Inc)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal attorneys’ fees, costs, expenses, expenses and disbursements of disbursements) incurred by such Person’s counsel) Agent or such Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such PersonAgent’s or any such Indemnitee’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, agrees to pay to the Collateral Agent Agents upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agents and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentAgents), which the Collateral Agent Agents may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Agents hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 4 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all reasonable, out of pocket costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights or remedies of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Lucid Diagnostics Inc.), Security and Pledge Agreement (Lucid Diagnostics Inc.), Guaranty and Security Agreement (Smith Micro Software, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs losses and expenses liabilities (including, without limitation, the reasonable legal fees, costs, expenses, client charges and disbursements other expenses of such Person’s the Agent's counsel) to the extent that they arise growing out of or otherwise result resulting from this Pledge Agreement or the enforcement of any of the terms hereof (including, without limitation, enforcement the sale of this AgreementPledged Collateral pursuant to a public or private offering and each and every document produced in furtherance thereof), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent upon on demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements other client charges of the Agent's counsel for the Collateral Agent and of any experts and agents (includingagents, without limitation, any collateral trustee which may act as agent of that the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or modification, administration and termination of this Pledge Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateralof the Pledged Collateral (including, without limitation, fees or commissions of any broker), (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Triarc Companies Inc), Pledge and Security Agreement (DWG Acquisition Group L P), Pledge and Security Agreement (DWG Acquisition Group L P)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Secured Parties harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Security Agreement (Nanogen Inc), Security Agreement (Nanogen Inc), Security Agreement (Nanogen Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Security and Pledge Agreement, Security and Pledge Agreement (Icagen, Inc.), Security and Pledge Agreement (Icagen, Inc.)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and or expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s Collateral Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Collateral Agent's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, to will upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent's counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, or (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Financing Agreement (Norton McNaughton Inc), Financing Agreement (Norton McNaughton Inc), Guarantor Security Agreement (McNaughton Apparel Group Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Secured Parties harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Security Agreement (Broadcast International Inc), Security Agreement (China VoIP & Digital Telecom Inc.), Security Agreement (Inksure Technologies Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Company agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Lender harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such PersonLender’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such PersonLender’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to The Company will upon demand pay to the Collateral Agent upon demand Lender the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Lender and of any experts and agents of Lender (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentLender), which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor the Company to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Security Agreement (Internet Media Services, Inc.), Security Agreement (Document Security Systems Inc), Security Agreement (Document Security Systems Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal attorneys' fees, costs, expenses, expenses and disbursements of disbursements) incurred by such Person’s counsel) Agent or such Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s Agent's or such Indemnitee's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent Agents upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agents and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentAgents), which the Collateral Agent Agents may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Agents hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Propel Media, Inc.), Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Workhorse Group Inc.), Pledge and Security Agreement (Digital Ally Inc), Pledge and Security Agreement (Digital Ally Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all reasonable, out-of-pocket costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 3 contracts

Samples: Security and Pledge Agreement (PAVmed Inc.), Security and Pledge Agreement (PAVmed Inc.), Security and Pledge Agreement (PAVmed Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, damages, losses, liabilities, obligations, penalties, fees, costs or expenses resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to The Grantors will upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, the Administrative Agent and any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Aerobic Creations, Inc.), Security Agreement (Aerobic Creations, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s the Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, The Pledgors jointly and severally, to severally agree that upon demand the Pledgors will pay to the Collateral Agent upon demand the amount of any and all reasonable out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Frontstep Inc), Pledge and Security Agreement (Frontstep Inc)

Indemnity and Expenses. (a) Each Grantor agrees, The Pledgors jointly and severallyseverally agree to indemnify, to defend, protect, indemnify protect and hold harmless the Collateral Agent Pledgee (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting solely and directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, The Pledgors jointly and severally, severally agree to pay to the Collateral Agent Pledgee upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Pledgee's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Pledgee hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Aerobic Creations, Inc.), Pledge and Security Agreement (Aerobic Creations, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Company hereby agrees to defend, protect, indemnify and hold the Pledgors and the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting from such Personperson’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Company shall be obligated for, jointly and severally, to will upon demand pay to the Pledgors and the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Boldface Group, Inc.), Pledge Agreement (Max Cash Media Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Holders, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Great Basin Scientific, Inc.), Securities Purchase Agreement (Great Basin Scientific, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Noteholders, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Ascent Solar Technologies, Inc.), Security and Pledge Agreement (Ascent Solar Technologies, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold harmless the Collateral Agent Lender (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, costs and disbursements expenses of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent Lender upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Lender’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Microvision Inc), Pledge and Security Agreement (Microvision Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and harmless each of the Noteholders harmless Indemnitee from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of incurred by such Person’s counselIndemnitees) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting that such claims, losses or liabilities result from such PersonIndemnitee’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Oglebay Norton Co /Ohio/), Security Agreement (Omega Protein Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Buyer, jointly and each of the Noteholders severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand Buyer the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Buyer and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentBuyer), which the Collateral Agent Buyer may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Buyer hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Driftwood Ventures, Inc.), Security Agreement (Catuity Inc)

Indemnity and Expenses. (a) Each Grantor agreesof the Pledgors, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor shall be jointly and severallyseverally obligated for, to and will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Wentworth Energy, Inc.), Pledge Agreement (Wentworth Energy, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless Lender from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs losses and expenses liabilities (including, without limitation, the reasonable legal fees, costs, expenses, client charges and disbursements other expenses of such Person’s the Lender's counsel) to the extent that they arise growing out of or otherwise result resulting from this Agreement or the enforcement of any of the terms hereof (including, without limitation, enforcement the sale of this AgreementCollateral pursuant to a public or private offering and each and every document produced in furtherance thereof), except to the extent claims, losses or liabilities resulting from such Person’s the Lender's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent upon Lender on demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements other client charges of the Lender's counsel for the Collateral Agent and of any experts and agents (includingagents, without limitation, any collateral trustee which may act as agent of that the Collateral Agent), which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or administration and termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateralof the Collateral (including, without limitation, fees or commissions of any broker), (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof, or (v) obtaining any public information regarding any Issuer of Collateral which the Lender, in its sole discretion, deems prudent to obtain.

Appears in 2 contracts

Samples: Pledge Agreement (Cardiodynamics Holdings LLC), Pledge Agreement (Paulson Allen E)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, Debtor agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Lender harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement or the Note (including, without limitation, enforcement of this AgreementAgreement and the Note), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, Debtor agrees to pay to the Collateral Agent Lender upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Lender and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentLender), which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor Debtor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Vinco Ventures, Inc.), Security and Pledge Agreement (Inpixon)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold harmless the Collateral Agent and Agent, each of the Noteholders harmless Holders and all of their respective stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) from and against any and all third-party claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, attorney’s fees and disbursements of such Person’s counseldisbursements) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified person or entity, claims, losses or liabilities resulting solely and directly from such Personperson or entity’s gross negligence or willful misconduct, misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction no longer subject and except to appealthe extent that such claims, losses or liabilities result from failure of such indemnified person or entities to comply with applicable securities laws. (b) Each Grantor agrees, jointly and severally, to The Pledgor will pay to the Collateral Agent and any Pledgee upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent or such Pledgee’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent or any Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any of the Pledged Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or a Pledgee hereunder or (iviii) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge Agreement, Pledge Agreement (Accentia Biopharmaceuticals Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, including without limitation, reasonable legal attorneys’ fees, costs, expenses, expenses and disbursements of disbursements) incurred by the Collateral Agent or such Person’s counsel) Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, including without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from Collateral Agent’s or such PersonIndemnitee’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, including without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (BitNile Holdings, Inc.), Security Agreement (BitNile Holdings, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Enerpulse Technologies, Inc.), Pledge and Security Agreement (Enerpulse Technologies, Inc.)

Indemnity and Expenses. (a) Each Grantor agreesThe Pledgor agrees to indemnify, jointly and severally, to defend, protect, indemnify protect and hold harmless the Pledgee and the Collateral Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting solely and directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent Pledgee upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Pledgee’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Pledgee hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Great East Energy, Inc.)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold harmless the Collateral Agent Representative and each Seller (and all of the Noteholders harmless their respective attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and other client charges and disbursements of such Person’s the Representative's and each Seller's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except for expenses expressly assumed by Sellers pursuant to this Agreement ("Sellers' Expenses"), and claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Representative's or any other Seller's breach of this agreement, gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, agrees to pay to the Collateral Agent Representative upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Representative and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentRepresentative), other than Sellers' Expenses, which the Collateral Agent Representative may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Representative hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Markland Technologies Inc), Security Agreement (Technest Holdings Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent and each the Trustee (and all of the Noteholders harmless their respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, fees and reasonable out-of-pocket costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counselcounsel for the Collateral Agent and the Trustee) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all reasonable out-of-pocket costs and expensesexpenses of the Collateral Agent, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Progress Precision Inc.), Security Agreement (Progress Precision Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Company hereby agrees to defend, protect, indemnify and hold the Pledgors and the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Company shall be obligated for, jointly and severally, to will upon demand pay to the Pledgors and the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Cahaba Pharmaceuticals, Inc.), Pledge Agreement (Federal Sports & Entertainment, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyer harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand Buyer the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Buyer and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentBuyer), which the Collateral Agent Buyer may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Buyer hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Vringo Inc), Merger Agreement (Vringo Inc)

Indemnity and Expenses. (a) Each Grantor agreesof the Pledgors, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities arising or resulting directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor shall be jointly and severallyseverally obligated for, to and will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent's counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Pledge Agreement (AFG Enterprises USA, Inc.), Pledge Agreement (American United Global Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold harmless the Collateral Agent and Agent, each of the Noteholders harmless Holders and all of their respective stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) from and against any and all third-party claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, attorney’s fees and disbursements of such Person’s counseldisbursements) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified person or entity, claims, losses or liabilities resulting solely and directly from such Personperson or entity’s gross negligence or willful misconduct, misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction no longer subject and except to appealthe extent that such claims, losses or liabilities result from failure of such indemnified person or entities to comply with applicable securities laws. (b) Each Grantor agrees, jointly and severally, to The Pledgor will pay to the Collateral Agent and any Pledgee upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent or such Pledgee’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent or any Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any of Pledged Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or a Pledgee hereunder or (iviii) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Accentia Biopharmaceuticals Inc), Pledge Agreement (Accentia Biopharmaceuticals Inc)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 2 contracts

Samples: Security Agreement (Applied Dna Sciences Inc), Security Agreement (Applied Dna Sciences Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) jurisdiction. Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement subject to and to the extent under Section 4(f) of the Securities Purchase Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Genius Brands International, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal attorneys’ fees, costs, expenses, expenses and disbursements of disbursements) incurred by such Person’s counsel) Agent or such Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such PersonAgent’s or such Indemnitee’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent Agents upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agents and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentAgents), which the Collateral Agent Agents may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Agents hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Syntax-Brillian Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent Trustee and each of the Noteholders Holder harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s Trustee's and each Holder's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from Trustee's or such Person’s Holder's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to The Grantors will upon demand pay to the Collateral Agent upon demand Trustee the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Trustee and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentTrustee), which the Collateral Agent Trustee or such Holder may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Trustee or such Holder hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Goodman Conveyor Co)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement subject to and to the extent under Section 4(h) of the Securities Purchase Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ener-Core Inc.)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Us Dataworks Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Lender, jointly and each of the Noteholders severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand Lender the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Lender and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentLender), which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Eastside Distilling, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Administrative Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to any such indemnified Person, claims, losses or liabilities to the extent resulting that such claims, losses or liabilities resulted from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Administrative Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Administrative Agent’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Administrative Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Administrative Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Body Central Acquisition Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal attorneys' fees, costs, expenses, expenses and disbursements of disbursements) incurred by such Person’s counsel) Agent or such Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s Agent's or any such Indemnitee's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent Agents upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agents and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentAgents), which the Collateral Agent Agents may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Agents hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Monaco Coach Corp /De/)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Enerpulse Technologies, Inc.)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Lender harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and or expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counselother client charges) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Lender's gross negligence or willful misconduct, misconduct as determined by a final judgment determination of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Without limiting the generality of the foregoing, the Grantor agrees, jointly and severally, to will upon demand pay to the Collateral Agent upon demand Lender (i) the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements other client charges of counsel for the Collateral Agent Lender and of any experts and agents (including, without limitation, any collateral trustee Person which may act as agent of the Collateral AgentLender), which the Collateral Agent Lender may incur in connection with (iA) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, or (iiB) the custody, preservation, use or operation ofof the Collateral and (ii) the amount of any and all costs and expenses, or including the reasonable fees, costs, expenses and other client charges of counsel for the Lender and of any experts and agents (including, without limitation, any Person which may act as agent of the Lender), which the Lender may incur in connection with (A) the sale of, collection from, or other realization upon, any Collateral, (iiiB) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (ivC) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Polyphase Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, A. Borrower agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Lender harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement or the Note (including, without limitation, enforcement of this AgreementAgreement and the Note), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, B. Borrower agrees to pay to the Collateral Agent Lender upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Lender and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentLender), which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor Borrower to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Promissory Note and Security Agreement (Helios & Matheson Analytics Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Indemnitee harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, costs and disbursements expenses of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement); provided, except however, that the Grantors shall not have any obligation under this Section 8(a) to the extent resulting from any Indemnitee caused by such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Aaipharma Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities arising or resulting directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Pledgor shall be obligated for, jointly and severally, to will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent's counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Ceo Share Pledge Agreement (Composite Technology Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold the Collateral Agent harmless Pledgee and each all of its stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the Noteholders harmless foregoing persons' agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) from and against any and all third-party claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, attorney's fees and disbursements of such Person’s counseldisbursements) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified person or entity, claims, losses or liabilities resulting solely and directly from such Person’s person or entity's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject and except to appealthe extent that such claims, losses or liabilities result from failure of such indemnified person or entities to comply with the securities laws. (b) Each Grantor agrees, jointly and severally, to The Pledgor will pay to the Collateral Agent Pledgee upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of Pledgee's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any of Pledged Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, Pledgee hereunder or (iviii) the failure by any Grantor Xxxxxxx to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Secured Parties harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement; provided in the case of the initial preparation, negotiation, execution, delivery and recordation of this Security Agreement the obligations of the Grantors to pay such fees, costs expenses and disbursements shall be subject to Section 4(g)(ii) of the Purchase Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Minrad International, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, Pledgor agrees to defend, protect, indemnify and hold harmless the Collateral Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, Pledgor agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Agent's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Financing Agreement (Frederick's of Hollywood Group Inc /Ny/)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Holders, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Great Basin Scientific, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (Helios & Matheson Analytics Inc.)

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Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and harmless each of the Noteholders harmless Indemnified Party from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of incurred by such Person’s counselIndemnified Parties) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such PersonIndemnified Party’s gross negligence negligence, willful misconduct or willful misconductbad faith, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Idleaire Technologies Corp)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent harmless each Secured Party (and each all of the Noteholders harmless their respective officers, directors, employees, attorneys, consultants, agents and affiliates) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, fees and out-of-pocket costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Personeach Secured Party’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent except, claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final non-appealable judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all reasonable out-of-pocket costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), ) which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Omega Protein Corp)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (North Atlantic Trading Co Inc)

Indemnity and Expenses. (a) Each Grantor The Company agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Agent, the Trustee and each of the Noteholders Holders, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's own gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor The Company agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Company to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (FP Technology, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Company hereby agrees to defend, protect, indemnify and hold the other Pledgors and the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Company shall be obligated for, jointly and severally, to will upon demand pay to the other Pledgors and the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Spiralfrog, Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Agent, the Trustee and each of the Noteholders Holders, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (AFG Enterprises USA, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly indemnifies and severally, to defend, protect, indemnify and hold the Collateral Agent holds harmless Holder and each of its respective officers, directors, employees and agents (the Noteholders harmless “Indemnified Parties”) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs losses and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise liabilities arising out of or otherwise result resulting from this the Pledge Agreement Documents (including, without limitation, enforcement of this Pledge Agreement), except claims, losses or liabilities resulting from any Indemnified Party’s bad faith, gross negligence, willful misconduct or unlawful acts. If and to the extent resulting from such Person’s gross negligence or willful misconductthat the foregoing undertaking may be unenforceable for any reason, as determined by a final judgment Grantor hereby agrees to make the maximum contribution to the payment and satisfaction of a court each of competent jurisdiction no longer subject to appealthe foregoing which is permissible under applicable law. (b) Each Grantor agrees, jointly and severally, to will upon demand pay to the Collateral Agent upon demand Holder and any local counsel (which shall be limited to one firm in any jurisdiction) the amount of any and all costs and reasonable expenses, including the reasonable fees, costs, expenses fees and disbursements of its counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Holder and any local counsel may incur in connection herewith, including without limitation in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination administration of this Pledge Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, Holder and any local counsel or any of Indemnified Parties hereunder or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Quest Patent Research Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Purchasers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement or any other Security Document (including, without limitation, enforcement of this AgreementAgreement or any other Security Document), except to the extent resulting from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this AgreementAgreement or any other Security Document, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunderhereunder or any other Security Document, or (iv) the failure by any Grantor to perform or observe any of the provisions hereofhereof or any other Security Document.

Appears in 1 contract

Samples: Security Agreement (Carrington Laboratories Inc /Tx/)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold harmless the Collateral Agent Pledgee (and each all of the Noteholders harmless its officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, costs and disbursements expenses of such Person’s counsel) to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified Person, claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, The Pledgor agrees to pay to the Collateral Agent Pledgee upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Pledgee’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Pledgee hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Imperial Holdings, LLC)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights or remedies of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (American Virtual Cloud Technologies, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Purchasers and their respective Related Parties, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon written demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement subject to, and to the extent of, Section 5.2 of the Securities Purchase Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (MassRoots, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral harmless each Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable out-of-pocket costs and expenses (including, without limitation, reasonable legal out-of-pocket attorneys’ fees, costs, expensesexpenses and disbursements, and disbursements which, unless a conflict of interest exists, will be limited to one primary counsel and, if necessary, one local counsel per jurisdiction for the indemnified parties) incurred by such Person’s counsel) Agent or such Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement)) or the other Loan Documents, except to the extent claims, losses or liabilities resulting from such PersonAgent’s or such Indemnitee’s gross negligence negligence, willful misconduct or willful misconductbad faith, or material breach of the Loan Documents by such Agent or such Indemnitee, in each case as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent Agents upon demand demand, the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of one primary counsel and if necessary one local counsel per jurisdiction for the Collateral Agent Agents and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentAgents), which the Collateral Agent Agents may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Agents hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Lantheus Medical Imaging, Inc.)

Indemnity and Expenses. (a) Each Grantor agreesThe Pledgor, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent Buyer (and each all of the Noteholders its officers, directors, employees, attorneys, consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities arising or resulting directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesThe Pledgor shall be obligated for, jointly and severally, to will upon demand pay to the Collateral Agent upon demand Buyer the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Buyer’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent Buyer may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Buyer hereunder, or (iv) the failure by any Grantor the Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Driftwood Ventures, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, reasonable fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to The Grantors will upon demand pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (North Atlantic Holding Company, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Pledgor agrees to defend, protect, indemnify and hold the Collateral Agent harmless Pledgee and each all of its stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the Noteholders harmless foregoing persons' agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) from and against any and all third-party claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, attorney's fees and disbursements of such Person’s counseldisbursements) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to the extent any such indemnified person or entity, claims, losses or liabilities resulting solely and directly from such Person’s person or entity's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject and except to appealthe extent that such claims, losses or liabilities result from failure of such indemnified person or entities to comply with the securities laws. (b) Each Grantor agrees, jointly and severally, to The Pledgor will pay to the Collateral Agent Pledgee upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of Pledgee's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Pledgee may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any of Pledged Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, Pledgee hereunder or (iviii) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Newmarkt Corp.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Buyer, jointly and each of the Noteholders severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand Buyer the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Buyer and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentBuyer), which the Collateral Agent Buyer may incur after the occurrence and during the continuance of an Event of Default in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent Buyer hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Pure Vanilla Exchange Inc)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages (other than lost profits and consequential or incidental damages), losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from the Grantor’s breach of this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting from such Person’s 's gross negligence negligence, bad faith or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each The Grantor agrees, jointly and severally, agrees to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Millennium Cell Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Secured Parties, jointly and each of the Noteholders severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand Secured Parties the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Secured Parties and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentSecured Parties), which the Collateral Agent Secured Parties may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Secured Parties hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Efactor Group Corp.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) jurisdiction. ● Each Grantor agrees, jointly and severally, to to, upon demand, pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement subject to, and to the extent of, Section 4(d) of the Securities Purchase Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cellect Biotechnology Ltd.)

Indemnity and Expenses. (a) Each Grantor agreesof the Pledgors, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, losses or liabilities arising or resulting directly from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor shall be jointly and severallyseverally obligated for, to and will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Hythiam Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Crochet harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent Crochet upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Crochet and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentCrochet), which the Collateral Agent Crochet may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Crochet hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Charys Holding Co Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent and each of the Noteholders harmless other Indemnitee from and against any and all claims, losses, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal attorneys' fees, costs, expenses, expenses and disbursements of disbursements) incurred by the Agent or such Person’s counsel) Indemnitee to the extent that they arise out of or otherwise result from or relate to or are in connection with this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from Agent's or such Person’s Indemnitee's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Telanetix,Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, The Company agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, The Company agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Company to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Hythiam Inc)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and harmless each of the Noteholders harmless Indemnitee from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of disbursements) incurred by such Person’s counsel) Indemnitee to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent except, claims, losses or liabilities resulting solely and directly from such Person’s Indemnitee's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Agent's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), ) which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lakes Entertainment Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent Noteholders upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Noteholders and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Noteholders may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Noteholders hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (Rennova Health, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent Lender (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent except, claims, losses or liabilities resulting from such Personthe Lender’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent Lender upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of the Lender’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent Lender may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Lender hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lazy Days R.V. Center, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may properly incur under the terms hereof after the occurrence and during the continuance of an Event of Default in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iiiii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iviii) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Nesco Industries Inc)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, liabilities obligations, penalties, fees, and reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to except, claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent's counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Iron Age Holdings Corp)

Indemnity and Expenses. (a) Each Grantor The Company agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Agent, the Trustee and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's own gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor The Company agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Company to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Firepond, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Avanex Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, Pledgor hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, and consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent such claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses resulting from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agreesPledgor shall be obligated for, jointly and severally, to will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Wentworth Energy, Inc.)

Indemnity and Expenses. (a) Each Grantor agreesof the Pledgors, jointly and severally, hereby agrees to defend, protect, indemnify and hold the Collateral Agent (and each all of the Noteholders its officers, directors, employees, attorneys, consultants) harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, fees and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities arising or resulting directly from the extent resulting from such PersonCollateral Agent’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor shall be jointly and severallyseverally obligated for, to and will upon demand pay to the Collateral Agent upon demand the reasonable amount of any and all out-of-pocket costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of counsel for the Collateral Agent Agent’s counsel and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Global Employment Holdings, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Secured Parties harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appeal. (b) Each Grantor agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights or remedies of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (IMAC Holdings, Inc.)

Indemnity and Expenses. (a) Each Grantor The Company agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent resulting from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor The Company agrees, jointly and severally, to pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor the Company to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Stinger Systems, Inc)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders Buyers, jointly and severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s 's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s 's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand the amount of any and all reasonable costs and reasonable expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Spatialight Inc)

Indemnity and Expenses. (a) Each The Grantor agrees, jointly and severally, agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s Collateral Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Collateral Agent's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each The Grantor agrees, jointly and severally, to will upon demand pay to the Collateral Agent upon demand the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any the Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Commtouch Software LTD)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, severally agrees to defend, protect, indemnify and hold the Collateral Agent and each of the Noteholders harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, and reasonable fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s Agent's counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to claims, losses or liabilities resulting solely and directly from the extent resulting from such Person’s Agent's gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to The Grantors will upon demand pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent), which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Guarantor Security Agreement (Iron Age Corp)

Indemnity and Expenses. (a) Each Grantor agrees, jointly and severally, to defend, protect, indemnify and hold the Collateral Agent Buyer, jointly and each of the Noteholders severally, harmless from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except to the extent claims, losses or liabilities resulting solely and directly from such Person’s gross negligence or willful misconduct, as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, jointly and severally, to upon demand pay to the Collateral Agent upon demand Buyer the amount of any and all costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Collateral Agent Buyer and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral AgentBuyer), which the Collateral Agent Buyer may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent Buyer hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Kentucky USA Energy, Inc.)

Indemnity and Expenses. (a) Each Grantor agrees, Pledgor jointly and severally, severally agrees to defend, protect, indemnify and hold harmless the Collateral Agent (and each all of the Noteholders harmless its respective officers, directors, employees, attorneys, consultants and agents) from and against any and all claims, damages, losses, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable legal fees, costs, expenses, expenses and disbursements of such Person’s counsel) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation, enforcement of this Agreement), except except, as to any such indemnified Person, claims, losses or liabilities to the extent resulting from such Person’s gross negligence or willful misconduct, misconduct as determined by a final judgment of a court of competent jurisdiction no longer subject to appealjurisdiction. (b) Each Grantor agrees, Pledgor jointly and severally, severally agrees to pay to the Collateral Agent upon demand the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses fees and disbursements of the Agent’s counsel for the Collateral Agent and of any experts and agents (including, without limitation, any collateral trustee which may act as agent of the Collateral Agent)agents, which the Collateral Agent may incur in connection with (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Pledged Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder, or (iv) the failure by any Grantor Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (Composite Technology Corp)

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