Common use of Sub-Broker Clause in Contracts

Sub-Broker. The Broker shall be fully responsible for the conduct and performance of any sub-brokers of Broker, and shall defend, indemnify and hold American Specialty harmless against any loss, claim, expense, damages, fines, penalties, or attorney’s fees arising out of any act on the part of its sub- brokers, including the failure to maintain appropriate licenses or certificates. Nothing in this paragraph shall be construed to allow ▇▇▇▇▇▇ to appoint or contract with sub-brokers except as authorized by American Specialty in writing.

Sub-Broker. The Broker shall be fully responsible for the conduct and performance of any sub-brokers of Broker, and shall defend, indemnify and hold American Specialty harmless against any loss, claim, expense, damages, fines, penalties, or attorney’s fees arising out of any act on the part of its sub- brokers, including the failure to maintain appropriate licenses or certificates. Nothing in this paragraph shall be construed to allow ▇▇▇▇▇▇ Broker to appoint or contract with sub-brokers except as authorized by American Specialty in writing.