Common use of Indemnity by First Owner to the Mortgagee Clause in Contracts

Indemnity by First Owner to the Mortgagee. In consideration of the Mortgagee entering into this Deed, the First Owner hereby covenants with the Mortgagee to comply with all the covenants contained in this Deed to be complied with by the First Owner and the Mortgagee while any Share is subject to the Mortgage and to keep the Mortgagee indemnified against the breach of any of the said covenants.]

Appears in 4 contracts

Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement

AutoNDA by SimpleDocs

Indemnity by First Owner to the Mortgagee. In consideration of the Mortgagee entering into this Deed, the First Owner hereby covenants with the Mortgagee to comply with all the covenants contained in this Deed to be complied with by the First Owner and the Mortgagee while any Share is subject to the Mortgage and to keep the Mortgagee indemnified against the breach of any of the said covenants.]

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!