Common use of Indemnity and Reimbursement Clause in Contracts

Indemnity and Reimbursement. Indemnitor agrees to reimburse SURETY for all loss, damage and expense incurred by reason of executing and posting the Bond. Indemnitor agrees to indemnify and hold SURETY harmless from all forfeitures, forfeiture judgments, demands, suits, and court proceedings related thereto, including attorney’s fees and expenses incurred by SURETY with respect thereto, and from all damage, loss and expense, of any nature whatsoever, that SURETY may sustain as a consequence of having posted the Bond and any continuation, extension, alteration or replacement thereof, plus interest at the rate of twelve (12%) percent per annum. Indemnitor further agrees to pay all costs and expenses of apprehending or attempting to apprehend and return the Defendant to custody, including but not limited to fees and expenses of bail recovery agents and services. Indemnitor(s) Initials:

Indemnity and Reimbursement. Indemnitor agrees to reimburse SURETY for all loss, damage and expense incurred by reason of executing and posting the Bond. Indemnitor agrees to indemnify and hold SURETY harmless from all forfeitures, forfeiture judgments, demands, suits, and court proceedings related thereto, including attorney’s fees and expenses incurred by SURETY with respect thereto, and from all damage, loss and expense, of any nature whatsoever, that SURETY may sustain as a consequence of having posted the Bond and any continuation, extension, alteration or replacement thereof, plus interest at the rate of twelve (12%) percent per annum. Indemnitor further agrees to pay all costs and expenses of apprehending or attempting to apprehend and return the Defendant to custody, including but not limited to fees and expenses of bail recovery agents and services. Indemnitor(s) Initials:.