DRE » Topics » Indemnified Party

This excerpt taken from the DRE 10-Q filed Nov 9, 2005.
Indemnified Party”), and each of them, for any and all costs, expenses, claims, fines, penalties, or damages incurred by or asserted against the Indemnified Party, including but not limited to attorneys’ fees and court costs, by either Lender or any other person or entity resulting from or arising out of the payment and release of the *** Debt as aforementioned.  Notwithstanding the foregoing, Seller shall have the right, as an alternative to Buyer’s payment of the *** Debt as set forth in this Section 4.2.11 to pay and release the *** Debt at or prior to Closing.  If Seller does not elect to prepay the *** Debt, in full, prior to Closing, then the provisions of this Section 4.2.11 shall survive the Closing and shall not merge into any documentation delivered at Closing.  Seller and Buyer acknowledge and agree that the lien of the *** Debt shall constitute a Permitted Title Exception that is subject to the provisions of this Section 4.2.11.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki