Common use of Broker Indemnity Clause in Contracts

Broker Indemnity. (i) Broker agrees to indemnify and hold harmless Paragon, its subsidiaries, successors and assigns, and the directors, officers, and employees of any of them (collectively the “Paragon Indemnitees”), against and in respect of any and all claims, demands, actions, proceedings, liability, losses, damages, judgments, costs and expenses, including, without limitation, attorneys’ fees, disbursements, and court costs, and any loss in excess of policy limits, as well as extra-contractual obligations, including but not limited to punitive, exemplary, or compensatory damages, suffered, made or instituted against or incurred by the Paragon Indemnitees, or any of them, and which directly or indirectly arise out of or relate to any negligent act, error, omission, intentional misconduct or unauthorized transaction of the Broker or its employees or representatives, in discharging its obligations to Paragon under this Agreement, including, but not limited to, knowingly providing invalid information to Paragon.

Broker Indemnity. (i) Broker Xxxxxx agrees to indemnify and hold harmless Paragon, its subsidiaries, successors and assigns, and the directors, officers, and employees of any of them (collectively the “Paragon Indemnitees”), against and in respect of any and all claims, demands, actions, proceedings, liability, losses, damages, judgments, costs and expenses, including, without limitation, attorneys’ fees, disbursements, and court costs, and any loss in excess of policy limits, as well as extra-contractual obligations, including but not limited to punitive, exemplary, or compensatory damages, suffered, made or instituted against or incurred by the Paragon Indemnitees, or any of them, and which directly or indirectly arise out of or relate to any negligent act, error, omission, intentional misconduct or unauthorized transaction of the Broker or its employees or representatives, in discharging its obligations to Paragon under this Agreement, including, but not limited to, knowingly providing invalid information to Paragon.