Common use of Exemption and Compensation Clause in Contracts

Exemption and Compensation. 4.1 The Parties acknowledge that the Trustees shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third party due to exercise of Entrusted Rights by the Trustees designated by the Shareholders under this Agreement. 4.2 Target Company and the Shareholders agree to compensate the Trustees for and hold it harmless against all losses incurred or likely to be incurred by it due to exercise of the Entrusted Rights by the Trustees designated by the Shareholders, including without limitation any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative investigation or penalty of governmental authorities. However, the Shareholders and Target Company will not compensate for losses incurred due to wilful misconduct or gross negligence of the Trustees.

Exemption and Compensation. 4.1 The Parties acknowledge that the Trustees XXXX shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third party due to exercise of Entrusted Rights by the Trustees designated by the Shareholders XXXX under this Agreement. 4.2 Target Company and the Shareholders agree to compensate the Trustees XXXX for and hold it harmless against all losses incurred or likely to be incurred by it due to exercise of the Entrusted Rights by the Trustees designated by the ShareholdersXXXX, including without limitation any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative investigation or penalty of governmental authorities. However, the Shareholders and Target Company will not compensate for losses incurred due to wilful willful misconduct or gross negligence of the TrusteesXXXX.

Exemption and Compensation. 4.1 The Parties acknowledge that the Trustees Xxx-Xxxx shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third party due to exercise of Entrusted Rights by the Trustees designated by the Shareholders Xxx-Xxxx under this Agreement. 4.2 Target Company and the Shareholders agree to compensate the Trustees Xxx-Xxxx for and hold it harmless against all losses incurred or likely to be incurred by it due to exercise of the Entrusted Rights by the Trustees designated by the ShareholdersXxx-Xxxx, including without limitation any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative investigation or penalty of governmental authorities. However, the Shareholders and Target Company will not compensate for losses incurred due to wilful misconduct or gross negligence of the TrusteesXxx-Xxxx.