Indemnification by the Funds. 8.3(a). The Funds agree to indemnify and hold harmless the Company and each of its directors and officers and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the “Indemnified Parties” for purposes of this Section 8.3) against any and all losses, claims, expenses, damages, liabilities (including amounts paid in settlement with the written consent of the applicable Fund) or litigation (including legal and other expenses) to which the Indemnified Parties may be required to pay or may become subject under any statute or regulation, at common law or otherwise, insofar as such losses, claims, expenses, damages, liabilities or expenses (or actions in respect thereof) or settlements, are related to the operations of the Funds and:
Appears in 4 contracts
Samples: Participation Agreement (COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Co of New York), Participation Agreement (Coli Vul 2 Series Account), Participation Agreement (Variable Annuity-2 Series Account)
