Common use of Dealer Agreement Indemnification Clause in Contracts

Dealer Agreement Indemnification. A. Distributor acknowledges and agrees that certain large and significant broker-dealers, such as (without limitation) Mexxxxx Xyxxx, UBS and Moxxxx Xtxxxxx (all such brokers referred to herein as the “Brokers”), require that Distributor enter into dealer agreements (the “Non-Standard Dealer Agreements”) that contain certain representations, undertakings and indemnification that are not included in the Standard Dealer Agreement. B. To the extent that Distributor is requested or required by the Client to enter into any Non-Standard Dealer Agreement, the Client shall indemnify, defend and hold the Distributor Indemnitees free and harmless from and against any and all Losses that any Distributor Indemnitee may incur arising out of or relating to (a) The Distributor’s actions or failures to act pursuant to any Non-Standard Dealer Agreement;