Company Agreement to Indemnify. (i) The Company shall indemnify, hold harmless, and defend the Portfolio Manager and the Portfolio Manager Parties from and against any loss, liability, claim, demand, damage, cost, and expense (including reasonable attorneys’ and accountants’ fees and expenses) (collectively, “Losses”), to which an indemnified party may become subject in respect of the Company (including in connection with the defense or settlement of claims and in connection with any administrative proceedings), arising out of or based upon this Agreement or the Portfolio Manager’s activities on behalf of the Company; provided that such Losses did not arise from the Portfolio Manager’s Bad Acts.
Appears in 4 contracts
Samples: Management Agreement (Gerova Financial Group LTD), Management Agreement (Gerova Financial Group LTD), Management Agreement (Asia Special Situation Acquisition Corp)
