Common use of THIRD-PARTY CLAIMS; INDEMNITY Clause in Contracts

THIRD-PARTY CLAIMS; INDEMNITY. The Borrower shall indemnify the Lender fully on its demand in respect of claims, demands, proceedings, liabilities, taxes, losses and expenses of every kind, including without limitation legal fees and expenses (“liability items”) which may be made or brought against, or incurred by, the Lender, in any country, in relation to: 11.3.1 any action lawfully taken, or omitted or neglected to be taken, under or in connection with the Loan Documents by the Lender or by any receiver appointed under the Security Documents after the occurrence of any Event of Default; and 11.3.2 any breach or inaccuracy of any of the representations and warranties contained in Clause 7 of this Loan Agreement or in the Security Documents or any breach of any undertaking contained in Clause 8 hereof or elsewhere in the Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement (MDxHealth SA), Loan Agreement (MDxHealth SA), Loan Agreement (Orphazyme a/S)

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THIRD-PARTY CLAIMS; INDEMNITY. The Borrower shall indemnify the Lender fully on its demand in respect of claims, demands, proceedings, liabilities, taxes, losses and reasonable expenses of every kind, (including without limitation reasonable legal fees and expenses (“liability items”) expenses), which may be made or were brought against, or incurred by, the Lender, in any country, in relation toas a result of any of the following: 11.3.1 11.2.1 any action lawfully taken, or omitted or neglected to be taken, under or in connection with this Loan Agreement or the Loan Security Documents by the Lender or by any receiver appointed under the Security Documents after the occurrence of any Event of Default; and 11.3.2 11.2.2 any breach or inaccuracy of any of the representations and and/or warranties contained in Clause 7 of this Loan Agreement ‎7 hereof or in the Security Documents or any breach of any undertaking covenant, commitment or agreement by the Borrower contained in Clause 8 ‎8 hereof or elsewhere in this Loan Agreement or in the Loan Security Documents.

Appears in 1 contract

Samples: Loan Agreement (PolyPid Ltd.)

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THIRD-PARTY CLAIMS; INDEMNITY. The Borrower shall indemnify the Lender fully on its demand in respect of claims, demands, proceedings, liabilities, taxes, losses and expenses of every kind, including without limitation legal fees and expenses ("liability items") which may be made or brought against, or incurred by, the Lender, in any country, in relation to: 11.3.1 any action lawfully taken, or omitted or neglected to be taken, under or in connection with the Loan Documents by the Lender or by any receiver appointed under the Security Documents after the occurrence of any Event of Default; and 11.3.2 any breach or inaccuracy of any of the representations and warranties contained in Clause 7 of this Loan Agreement or in the Security Documents or any breach of any undertaking contained in Clause 8 hereof or elsewhere in the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Orphazyme a/S)

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