Common use of Use of Brokers Clause in Contracts

Use of Brokers. The City, the Commission and Citimark hereby warrant that neither party has an obligation to pay an outside brokerage commission for the sale of the Launch Site. The City, the Commission and Citimark hereby agree to indemnify, defend and hold harmless the other party from and against any liability, cost or expense, plus all costs of collection, including litigation expenses and attorneys’ fees, as a result of a claim for a commission, fee or other compensation made by any real estate broker, finder or other person and asserted against the other party by reason of an arrangement made or alleged to have been made by the indemnifying party.

Appears in 2 contracts

Sources: Economic Development Agreement, Economic Development Agreement