Common use of Indemnification of the Escrow Agent Clause in Contracts

Indemnification of the Escrow Agent. 8.01 Addison and AVL, or their respective successors and assigns, jointly and severally agree to indemnify and save and hold harmless the Escrow Agent and its successors and assigns of, from and against all losses, costs and expenses that the Escrow Agent shall sustain or incur as a result of the Escrow Agent's involvement as a party hereto in any litigation commenced prior to or after the termination of this Agreement, arising from the performance by the Escrow Agent of its duties and responsibilities under and pursuant to this Agreement that is not attributable in any manner, or to any extent, to any action taken, or omitted, by the Escrow Agent in connection with this Agreement in respect of which the Escrow Agent shall have been adjudged to have been negligent.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

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Indemnification of the Escrow Agent. 8.01 12.01 Addison York and AVLVendor, or their respective successors and assigns, jointly and severally agree to indemnify and save and hold harmless the Escrow Agent and its successors and assigns of, from and against all losses, costs and expenses that the Escrow Agent shall sustain or incur as a result of the Escrow Agent's involvement as a party hereto thereto in any litigation commenced prior to or after the termination of this Agreement, arising from the performance by the Escrow Agent of its duties and responsibilities under and pursuant to this Agreement that is not attributable in any manner, or to any extent, to any action taken, or omitted, by the Escrow Agent in connection with this Agreement in respect of which the Escrow Agent shall have been adjudged to have been negligent.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

Indemnification of the Escrow Agent. 8.01 Addison 9.01 Addison, DKWS and AVLthe Trust, or their respective successors and assigns, jointly and severally agree to indemnify and save and hold harmless the Escrow Agent and its successors and assigns of, from and against all losses, costs and expenses that the Escrow Agent shall sustain or incur as a result of the Escrow Agent's involvement as a party hereto thereto in any litigation commenced prior to or after the termination of this Agreement, arising from the performance by the Escrow Agent of its duties and responsibilities under and pursuant to this Agreement that is not attributable in any manner, or to any extent, to any action taken, or omitted, by the Escrow Agent in connection with this Agreement in respect of which the Escrow Agent shall have been adjudged to have been negligent.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

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Indemnification of the Escrow Agent. 8.01 Addison 9.01 Addison, AVL and AVLthe Shareholders, or their respective successors and assigns, jointly and severally agree to indemnify and save and hold harmless the Escrow Agent and its successors and assigns of, from and against all losses, costs and expenses that the Escrow Agent shall sustain or incur as a result of the Escrow Agent's involvement as a party hereto in any litigation commenced prior to or after the termination of this Agreement, arising from the performance by the Escrow Agent of its duties and responsibilities under and pursuant to this Agreement that is not attributable in any manner, or to any extent, to any action taken, or omitted, by the Escrow Agent in connection with this Agreement in respect of which the Escrow Agent shall have been adjudged to have been negligent.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

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