By The Distributor. The Distributor shall indemnify and hold harmless The Travelers on its behalf and on behalf of each Separate Account and any officer, director, or employee of The Travelers or each Separate Account against any and all losses, claims, damages, or liabilities, joint or several (including any investigative, legal, and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit, or proceeding or any claim asserted), to which The Travelers and/or any such person may become subject under any statute or regulation, any NASD rule or interpretation, at common law or otherwise, insofar as such losses, claims, damages, or liabilities:
Appears in 4 contracts
Samples: Distribution and Principal Underwriting Agreement (Travelers Separate Account Five for Variable Annuities), Distribution and Principal Underwriting Agreement (Travelers Insurance Co), Distribution and Principal Underwriting Agreement (Travelers Fund Ul for Variable Life Insurance)
