Common use of Indemnification by Fund Clause in Contracts

Indemnification by Fund. (a) The Manager and the Fund, as applicable, will jointly and severally indemnify and hold harmless the Portfolio, BDI and their respective trustees, directors, officers and employees and each other person who controls the Portfolio or BDI, as the case may be, within the meaning of Section 15 of the 1933 Act (each a "Covered Person" and collectively "Covered Persons"), against any and all losses, claims, demands, damages, liabilities and expenses (each a "Liability" and collectively "Liabilities") (including the reasonable cost of investigating and defending against any claims therefor and any counsel fees incurred in connection therewith), joint or several, which:

Indemnification by Fund. (a) The Manager and the Fund, as applicable, will jointly and severally indemnify and hold harmless the Portfolio, BDI FAM and their respective trustees, directors, officers and employees and each other person who controls the Portfolio or BDIFAM, as the case may be, within the meaning of Section 15 of the 1933 Act (each a "Covered Person" and collectively "Covered Persons"), against any and all losses, claims, demands, damages, liabilities and expenses (each a "Liability" and collectively "Liabilities") (including the reasonable cost of investigating and defending against any claims therefor and any counsel fees incurred in connection therewith), joint or several, which: