Common use of Immunity and Indemnification Clause in Contracts

Immunity and Indemnification. The trustee will not incur personal liability of any nature in connection with any act or omission, made in good faith, in the administration of this trust, or in carrying out any directions by the grantor or the licensing authority issued in accordance with this agreement. The trustee will be indemnified and saved harmless by the grantor or from the trust fund, or both, from and against any personal liability to which the trustee may be subjected by reason of any act or conduct in the trustee’s official capacity, including all expenses reasonably incurred in the trustee’s defense in the event the grantor fails to provide such defense.

Immunity and Indemnification. The trustee will not incur personal liability of any nature in connection with any act or omission, made in good faith, in the administration of this trust, or in carrying out any directions by the grantor or the licensing authority issued in accordance with this agreement. The trustee will be indemnified and saved harmless by the grantor or from the trust fund, or both, from and against any personal liability to which the trustee may be subjected by reason of any act or conduct in the trustee’s 's official capacity, including all expenses reasonably incurred in the trustee’s 's defense in the event the grantor fails to provide such defense.