Common use of Agent Indemnity and Liability Clause in Contracts

Agent Indemnity and Liability. Agent shall indemnify and hold Company harmless from and against, and Company shall not be responsible for, any and all losses, claims, damages, costs, charges, counsel fees and expenses, payments, expenses and liability (collectively, “Losses”) to the extent determined by a court of competent jurisdiction to be a result of Agent’s gross negligence or willful misconduct; provided that any such liability of Agent will be limited in the aggregate to the ongoing account management fees paid hereunder by Company to Agent during the twelve (12) months immediately preceding the event for which recovery from Agent is being sought.

Agent Indemnity and Liability. Agent shall indemnify and hold Company each LLC harmless from and against, and Company each LLC shall not be responsible for, any and all losses, claims, damages, costs, charges, counsel fees and expenses, payments, expenses and liability (collectively, “Losses”) to the extent determined by a court of competent jurisdiction to be a result of Agent’s gross negligence or willful misconduct; provided that any such liability of Agent will be limited in the aggregate to the ongoing account management fees paid hereunder by Company each LLC to Agent during the twelve (12) months immediately preceding the event for which recovery from Agent is being sought.