Common use of Indemnity; Assignment of Claim Clause in Contracts

Indemnity; Assignment of Claim. In addition to Customer’s indemnity obligations and agreements in the Agreement, Xxxxxxxx agrees to defend and hold Bank harmless from and against any loss, damages, and expenses (including attorneys’ fees) Bank may incur by reason of Bank’s refusal to pay any Check upon which Customer has stopped payment. If Bank credits the Checking Account after paying a Check over a stop payment order, Xxxxxxxx agrees to assign to Bank in writing all of its rights against the payee or other holder of the item and to assist Bank in any legal action against that person.

Indemnity; Assignment of Claim. In addition to Customer’s indemnity obligations and agreements in the Agreement, Xxxxxxxx Customer agrees to defend and hold Bank harmless from and against any loss, damages, and expenses (including attorneys’ fees) Bank may incur by reason of Bank’s refusal to pay any Check upon which Customer has stopped payment. If Bank credits the Checking Account after paying a Check over a stop payment order, Xxxxxxxx Customer agrees to assign to Bank in writing all of its rights against the payee or other holder of the item and to assist Bank in any legal action against that person.