Common use of Indemnification for Liabilities Clause in Contracts

Indemnification for Liabilities. During the term of this Agreement and following its termination, the Appointers shall, on the Escrow Agent's first demand, release and hold the Escrow Agent harmless (i) from all liabilities of whatever nature incurred by the Escrow Agent in the course of the due performance of this Agreement or pursuant to provisions of applicable law and (ii) from all claims asserted against the Escrow Agent out of, or in connection with this Agreement, other than those liabilities or claims which are explicitly set forth in this Agreement; provided, however, that the Appointers shall not be bound to release and hold the Escrow Agent harmless in the event of the Escrow Agent's wilful misconduct or negligence. The Appointers shall assist the Escrow Agent in all legal proceedings and shall take over such proceedings to the extent permitted by applicable procedural rules on the Escrow Agent's first demand.

Indemnification for Liabilities. During the term of this Agreement and following its termination, the Appointers shall, on the Escrow Agent's first demand, release and hold the Escrow Agent harmless (i) from all liabilities of whatever nature incurred by the Escrow Agent in the course of the due performance of this Agreement or pursuant to provisions of applicable law and (ii) from all claims asserted against the Escrow Agent out of, or in connection with this Agreement, other than those liabilities or claims which are explicitly set forth in this Agreement; provided, however, that the Appointers shall not be bound to release and hold the Escrow Agent harmless in the event of the Escrow Agent's wilful willful misconduct or negligence. The Appointers shall assist the Escrow Agent in all legal proceedings and shall take over such proceedings to the extent permitted by applicable procedural rules on the Escrow Agent's first demand.