Indemnification by the Lender. Lender shall defend, indemnify and hold harmless the Borrowers and the Subsidiaries and shall reimburse the Borrowers and the Subsidiaries for, from and against each Loss directly or indirectly relating to, resulting from or arising out of any untrue representation, misrepresentation, breach of warranty or non-fulfillment of any covenant, agreement or other obligation by or of the Lender contained in any Transaction Document delivered to the Borrowers or any of its subsidiaries pursuant thereto.
Appears in 2 contracts
Sources: Loan and Securities Purchase Agreement (MDwerks, Inc.), Loan and Securities Purchase Agreement (MDwerks, Inc.)
Indemnification by the Lender. Lender shall defend, indemnify and hold harmless the Borrowers Borrower and the Subsidiaries and shall reimburse the Borrowers Borrower and the Subsidiaries for, from and against each Loss directly or indirectly relating to, resulting from or arising out of any untrue representation, misrepresentation, or breach of warranty or non-fulfillment of any covenant, agreement or other obligation by or of the Lender contained in any Transaction Document delivered to the Borrowers Borrower or any of its subsidiaries pursuant thereto.
Appears in 1 contract
Sources: Loan and Securities Purchase Agreement (Global Diversified Industries Inc)