Common use of Exemption and Compensation Clause in Contracts

Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin and Shanghai Xinnuo agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin and Shanghai Xinnuo will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Shareholders' Voting Rights Proxy Agreement (Focus Media Holding LTD)

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Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo Ruili agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo Ruili will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Shareholders’ Voting Rights Proxy Agreement (Focus Media Holding LTD)

Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Proxy Agreement (Focus Media Holding LTD)

Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin and Shanghai Xinnuo Chuanzhi agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin and Shanghai Xinnuo Chuanzhi will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Proxy Agreement (Focus Media Holding LTD)

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Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo Chuanzhi agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin Xxx Xx Nuo and Shanghai Xinnuo Chuanzhi will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Proxy Agreement (Focus Media Holding LTD)

Exemption and Compensation. 4.1 The Parties acknowledge that Shanghai OOH 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 Trustees designated by Shanghai OOH under this Agreement. 4.2 Pan Ze Xin Ni Xx Xxxx and Shanghai Xinnuo Ruili agree to indemnify Shanghai OOH and hold it harmless against all of its losses incurred or likely to incur due to exercise of the Entrusted Rights by the Trustees designated by Shanghai OOH, 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, Pan Ze Xin Ni Xx Xxxx and Shanghai Xinnuo Ruili will not compensate for losses incurred due to willful misconduct or gross negligence of Shanghai OOH.

Appears in 1 contract

Samples: Shareholders’ Voting Rights Proxy Agreement (Focus Media Holding LTD)

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