Common use of Tort Claims Clause in Contracts

Tort Claims. Sellers shall Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) at any Hotel prior to Closing. To the extent that Sellers pay any such claim, liability and related expenses under this Section 13.2(e), Sellers reserve the right to recover from Manager or any insurer therefor. Buyer shall Indemnify Sellers from and against any and all Claims that Sellers incur by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) after Closing.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Capital Lodging), Purchase and Sale Agreement (Capital Lodging)

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Tort Claims. Sellers Seller shall Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) at any the Hotel prior to Closingthe Closing Date. To the extent that Sellers pay Seller pays any such claim, liability and related expenses under this Section 13.2(e)13.2.5, Sellers reserve Seller reserves the right to recover from Manager or any insurer therefor. Buyer shall Indemnify Sellers Seller from and against any and all Claims that Sellers incur Seller incurs by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) on or after Closingthe Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Marcus Corp)

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Tort Claims. Sellers shall Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) at any Hotel prior to Closing. To the extent that Sellers pay any such claim, liability and related expenses under this Section 13.2(e13.2(f), Sellers reserve the right to recover from Manager or any insurer therefor. Buyer shall Indemnify Sellers from and against any and all Claims that Sellers incur by reason of any alleged injury or damage to the person or property of another based upon an event or condition occurring (or alleged to have occurred) after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Lodging)

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