Examples of Assigned Assets in a sentence
Assignor shall indemnify and hold harmless Assignee from and against damages that arise out of or result from Assignor’s acts or omissions with respect to the Assigned Assets.
The Company shall as promptly as practicable, reimburse the Assignor for the Assignor’s actual out-of-pocket costs reasonably incurred with respect to Assignor’s acquisition and maintenance of the Assigned Assets.
The Assignor further represents and warrants to the Company that to the best of Assignor’s knowledge the Assigned Assets are free of any claim of any prior employer or third party client of the Assignor or any school, university or other institution the Assignor attended, and that the Assignor is not aware of any claims by any third party to any rights of any kind in or to any of the Assigned Assets.
Assignee shall indemnify and hold harmless Assignor from and against damages that arise out of or result from Assignee’s acts or omissions with respect to the Assigned Assets.
Assignee hereby accepts the foregoing assignments and agrees to assume and keep, perform and fulfill all of the terms, covenants, conditions, duties and obligations which are required, from and after the Closing Date, to be kept, performed and fulfilled by the Assignee (as successor in interest to the Assignor) in connection with the Assigned Assets.