Common use of By Distributor Clause in Contracts

By Distributor. Distributor shall indemnify and hold harmless FNWL and each person who controls or is associated with FNWL within the meaning of such terms under the federal securities laws, and any officer, director, employee of FNWL or agent of the foregoing, against any and all losses, claims, damages or liabilities, joint or several (including any investigative, legal and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which FNWL and/or any such person may become subject under any statute or regulation, any FINRA rule or interpretation, at common law or otherwise, insofar as such losses, claims, damages or liabilities:

By Distributor. Distributor shall indemnify and hold harmless FNWL and each person who controls or is associated with FNWL within the meaning of such terms under the federal securities laws, and any officer, director, employee of FNWL or agent of the foregoing, against any and all losses, claims, damages or liabilities, joint or several (including any investigative, legal and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which FNWL and/or any such person may become subject under any statute or regulation, any FINRA NASD rule or interpretation, at common law or otherwise, insofar as such losses, claims, damages or liabilities: