Indemnity Regarding Construction and Other Risks. Indemnitor indemnifies, defends and holds the Indemnified Parties harmless for, from and against any and all Indemnified Costs directly or indirectly arising out of or resulting from construction of any improvements on the Property, including any defective workmanship or materials; or any failure to satisfy any requirements of any laws, regulations, ordinances, governmental policies or standards, reports, subdivision maps or development agreements that apply or pertain to the Property; or breach of any representation or warranty made or given by Indemnitor to any of the Indemnified Parties or to any prospective or actual buyer of all or any portion of the Property; or any claim or cause of action of any kind by any party that any Indemnified Party is liable for any act or omission of Indemnitor or any other person or entity in connection with the ownership, sale, operation or development of the Property.
Appears in 2 contracts
Samples: Credit Agreement (American Realty Capital Trust, Inc.), Credit Agreement (Apartment Investment & Management Co)
Indemnity Regarding Construction and Other Risks. Indemnitor indemnifies, defends and holds the Indemnified Parties harmless for, from and against any and all Indemnified Costs directly or indirectly arising out of or resulting from construction of any improvements on 3 the Property, including any defective workmanship or materials; or any failure to satisfy any requirements of any laws, regulations, ordinances, governmental policies or standards, reports, subdivision maps or development agreements that apply or pertain to the Property; or breach of any material representation or warranty made or given by Indemnitor to any of the Indemnified Parties or to any prospective or actual buyer of all or any portion of the Property; or any claim or cause of action of any kind by any party that any Indemnified Party is liable for any act or omission of Indemnitor or any other person or entity in connection with the ownership, sale, operation or development of the Property.
Appears in 1 contract
Indemnity Regarding Construction and Other Risks. Indemnitor indemnifies, defends Borrower hereby indemnifies and holds the Indemnified Parties harmless for, from and against any and all Indemnified Costs directly or indirectly arising out of or resulting from construction of any improvements on the Propertyreal property, including any defective workmanship or materials; or any failure to satisfy any requirements of any laws, regulations, ordinances, governmental policies or standards, reports, subdivision maps or development agreements that apply or pertain to the Propertyreal property; or breach of any representation or warranty made or given by Indemnitor Borrower to any of the Indemnified Parties or to any prospective or actual buyer or lessee of all or any portion of the Propertyreal property; or any claim or cause of action of any kind by any party that any Indemnified Party is liable for any act or omission of Indemnitor Borrower or any other person or entity Person in connection with the ownershippossession, salesublease, operation or development of the Propertyreal property.
Appears in 1 contract