Foreign Partner. It is neither a “foreign person” within the meaning of Code Section 1445(f) nor a “foreign partner” within the meaning of Code Section 1446(e). Each Member hereby agrees to and shall defend, indemnify, and hold the Company and the other Member harmless from and against any loss or damage caused by or accruing from a breach by such indemnifying Member of any representation, warranty or covenant made by it in this Agreement.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Hersha Hospitality Trust), Limited Liability Company Agreement (Hersha Hospitality Trust)