Common use of Trustee Indemnification Clause in Contracts

Trustee Indemnification. To the extent and subject to limits permitted by applicable laws of the State as in effect from time to time during the Term of this Lease, the Tenant shall (a) indemnify and save harmless the Trustee and its agents, employees, officers and directors from and against any and all liabilities including without limitation all claims, demands, damages, losses, costs, penalties, charges and expenses (including but not limited to reasonable attorneys' fees) in any way relating to or arising from (i) the ownership, possession, operation, condition, sale, rental or subrental of the Amphitheater and the Premises; (ii) the Indenture or this Lease, or any other agreement related to the Amphitheater and the Premises; or the enforcement thereof; and (b) reimburse the Trustee for all losses, costs, charges, and expenses (including reasonable attorneys' fees) that the Trustee may incur or be subject to as a consequence, directly or indirectly, of involvement in any legal proceeding or action relating to the foregoing; provided, however, that no indemnification or reimbursement shall be due to the extent that the Trustee has acted with gross negligence or willful misconduct in connection with the liabilities for which the Trustee is seeking indemnification or reimbursement. All amounts which become due from the Tenant under this Section 911, shall be credited with any amounts received by the Trustee from insurance provided by the Tenant and shall be payable by the Tenant within thirty (30) days following demand therefor by the Trustee and shall survive the termination or expiration of this Lease.

Appears in 1 contract

Sources: Lease Agreement (SFX Entertainment Inc)

Trustee Indemnification. To the extent and subject to limits permitted by applicable laws of the State as in effect from time to time during the Term of this Lease, the Tenant The Lessee shall (a) indemnify and save harmless the Trustee and its agents, employees, officers and directors from and against any and all liabilities including liabilities, including, without limitation limitation, all claims, demands, damages, losses, costs, penalties, charges and expenses (including including, but not limited to to, reasonable attorneys' fees) in any way relating to or arising from (i) the development, ownership, possession, operation, condition, sale, rental, sub-rental or subrental return of the Amphitheater and the Premises; Projects, (ii) the Indenture or this LeaseProgram Documents, or and (iii) any other agreement related to resignation by the Amphitheater and Trustee in accordance with Section 10.07(2) of the Premises; or the enforcement thereofBond Resolution; and (b) reimburse the Trustee for all losses, costs, charges, charges and expenses (including including, but not limited to, reasonable attorneys' fees) that the Trustee may incur or be subject to as a consequence, directly or indirectly, of involvement in any legal proceeding or action relating to the foregoing; provided, however, that no indemnification or reimbursement shall be due to the extent that the Trustee has acted with gross negligence or willful misconduct in connection with the liabilities for which the Trustee is seeking indemnification or reimbursement. All amounts which that become due from the Tenant Lessee under this Section 911, 611 shall be credited with any amounts received by the Trustee from insurance provided by the Tenant and Lessee, shall be payable by the Tenant Lessee within thirty (30) days following demand therefor therefore by the Trustee Trustee, and shall survive the termination or expiration of this LeaseCompany Lease Agreement.

Appears in 1 contract

Sources: Lease Purchase Agreement