Common use of Indemnity by the Lessee Clause in Contracts

Indemnity by the Lessee. Subject to OLI’s indemnification obligations under Section 10, the LESSEE shall indemnify and hold harmless OLI and its affiliates, officers, directors, employees and agents from and against any third party claims, suits, proceedings, damages, expenses (including court costs and reasonable attorneys’ fees and expenses), and recoveries, to the extent that any of the foregoing arise out of, are based on, or result from (i) the use or modification of The System by the LESSEE or any Authorized User, (ii) any business decisions, acts or omissions by the LESSEE or any Authorized User in reliance upon or otherwise based upon any data, information, statistics, findings, simulation results and other outcomes obtained or generated by the use of The System by the LESSEE and its Authorized Users , (iii) the willful misconduct or negligent acts of the LESSEE or any Authorized User, and (iv) any failure by the LESSEE or any Authorized User to comply with any of the LESSEE’s obligations hereunder or any applicable laws.