Common use of Payment of Costs; Indemnification Clause in Contracts

Payment of Costs; Indemnification. Except with regard to Director’s gross negligence or willful misconduct, Borrower shall hold harmless Director, its agents and their respective employees from any and all liabilities or claims caused by or resulting from Xxxxxxxx’s performance of the obligations or activities in furtherance of the Project or any omissions of Borrower in its performance of obligations or activities in furtherance of the Project. Borrower shall reimburse Director, its agents and/or their respective employees for any judgments arising from Xxxxxxxx’s actions or inactions, which may be obtained against Director, such agents or employees, as the case may be, including, without limitation, judgments for infringement of any patents or copyrights. Xxxxxxxx agrees to reimburse Director, its agents and/or their respective employees for all costs, including reasonable legal fees, incurred by Director, such agents or employees in defending any such claims or legal actions if called upon to do so by Director or the affected agent or employee.

Appears in 2 contracts

Samples: Fund Loan and Security Agreement, Loan and Security Agreement

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Payment of Costs; Indemnification. Except with regard to Director’s gross negligence or willful misconduct, Borrower shall hold harmless Director, its agents and their respective employees from any and all liabilities or claims caused by or resulting from XxxxxxxxBorrower’s performance of the obligations or activities in furtherance of the Project or any omissions of Borrower in its performance of obligations or activities in furtherance of the Project. Borrower shall reimburse Director, its agents and/or their respective employees for any judgments arising from XxxxxxxxBorrower’s actions or inactions, which may be obtained against Director, such agents or employees, as the case may be, including, without limitation, judgments for infringement of any patents or copyrights. Xxxxxxxx Borrower agrees to reimburse Director, its agents and/or their respective employees for all costs, including reasonable legal fees, incurred by Director, such agents or employees in defending any such claims or legal actions if called upon to do so by Director or the affected agent or employee.

Appears in 2 contracts

Samples: Fund Loan and Security Agreement, Fund Loan and Security Agreement

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