Common use of DISCLAIMER AND INDEMNITY Clause in Contracts

DISCLAIMER AND INDEMNITY. 4.1 The Parties acknowledge that Party A shall not be required to assume any liability or make any financial or other compensation, to any other party or any third party in respect of the exercise of the Entrusted Rights by the designated Attorney under this Agreement. 4.2 Party C and Party B agree to indemnify and hold Party A harmless from all losses suffered or likely to be suffered by Party A as a result of the exercise of the Entrusted Rights by the designated Attorney, including but not limited to any losses arising from litigation, recovery, arbitration, claims or administrative investigation or penalties by governmental authorities brought against Party A by any third party. However, if the loss is caused by intention or gross negligence of Party A, such loss shall not be compensated.

DISCLAIMER AND INDEMNITY. 4.1 The Parties acknowledge that in no event shall Party A shall not be required to assume any liability or make any financial or other compensation, financially or otherwise, to any the other party Parties or any third party in respect of connection with the exercise by Party A and/or its designated trustee of the Entrusted Rights by the designated Attorney its entrusted rights under this Agreement. 4.2 Party C B and Party B C agree to indemnify and hold Party A harmless from all losses that Party A has suffered or likely to be suffered by Party A may suffer as a result of the its and/or its designated trustee’s exercise of the Entrusted Rights by the designated Attorneyentrusted rights, including but not limited to any losses arising from any litigation, recovery, arbitration, claims claim or administrative investigation or penalties punishment by governmental ​ ​ ​ authorities brought against Party A it by any third party. However, if the loss is caused by intention intentional or gross negligence of Party AA and/or the Trustee, such loss shall not be compensated.

DISCLAIMER AND INDEMNITY. 4.1 The Parties acknowledge that in no event shall Party A shall not be required to assume any liability or make any financial or other compensation, financially or otherwise, to any the other party Parties or any third party in respect of connection with the exercise by Party A and/or its designated trustee of the Entrusted Rights by the designated Attorney its entrusted rights under this Agreement. 4.2 Party C B and Party B C agree to indemnify and hold Party A harmless from all losses that Party A has suffered or likely to be suffered by Party A may suffer as a result of the its and/or its designated trustee’s exercise of the Entrusted Rights by the designated Attorneyentrusted rights, including but not limited to any losses arising from any litigation, recovery, arbitration, claims claim or administrative investigation or penalties punishment by governmental authorities brought against Party A it by any third party. However, if the loss is caused by intention intentional or gross negligence of Party AA and/or the Trustee, such loss shall not be compensated.