Liability of Wolf and CNL Sample Clauses

Liability of Wolf and CNL. Wolf shall and hereby agrees to indemnify and save, pay, insure, defend and hold CNL harmless from and against any loss, cost, expense, damages or liability for wages, salaries, bonuses, accrued vacation days, sick days and personal days to be paid to, or accrued by, employees of the business operated at the Property on account of services rendered prior to Closing. Notwithstanding anything to the contrary herein contained, there shall be no apportionment or proration of medical, pension, welfare benefits, other employee benefits or other fringe benefits (hereinafter collectively referred to as “benefits”) and Wolf hereby agrees to indemnify, insure, pay, save, defend and hold CNL harmless from and against all benefits due to employees prior to Closing under plans in which employees participate and all payments due or accruing prior to Closing on the plans providing such benefits. Wolf also hereby agrees to indemnify, pay, insure, defend, save and hold CNL harmless from any severance pay which may become due to any of the employees whose employment ends at or prior to Closing as a result of this transaction, whether due to Wolf’s employment policies or as a matter of law. CNL hereby agrees to indemnify, insure, pay, save, defend and hold Wolf harmless from and against all benefits due to employees of Manager from and after Closing under plans in which Manager’s employees participate and all payments due or accruing from and after Closing on the plans providing such benefits.