Common use of INDEMNIFICATION a Clause in Contracts

INDEMNIFICATION a. Servicer agrees to indemnify, defend and hold harmless Distributor and the Funds and their predecessors, successors, and affiliates, each current or former director, officer, employee, shareholder or agent and each person who controls or is controlled by Distributor from any and all losses, claims, liabilities, costs, and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them howsoever they arise, and as they are incurred, which relate in any way to: (i) any alleged violation of any statute or regulation (including without limitation the securities laws and regulations of the United States or any state or foreign country) or any alleged tort or breach of contract, related to the provision of Services by Servicer pursuant to this Agreement (except to the extent that Distributor's gross negligence or failure to follow correct instructions received from Servicer is the cause of such loss, claim, liability, cost or expense); (ii) any redemption or exchange pursuant to instructions received from Servicer or Servicer's Personnel; or (iii) the breach by Servicer of any of its representations and warranties specified herein or Servicer's failure to comply with the terms and conditions of this Agreement, whether or not such action, failure, error, omission, misconduct or breach is committed by Servicer or its predecessor, successor, or affiliate, each current or former partner, officer, director, employee or agent and each person who controls or is controlled by Servicer. This indemnity agreement is in addition to any other liability which Servicer may otherwise have. b. Distributor agrees to indemnify, defend and hold harmless Servicer and its predecessors, successors and affiliates, each current or former partner, officer, director, employee or agent, and each person who controls or is controlled by Servicer from any and all losses, claims, liabilities, costs and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them which arise, and which relate to any untrue statement of or omission to state a material fact contained in the Prospectus or any written sales

Appears in 4 contracts

Samples: Services Agreement (Strong Advantage Fund Inc), Services Agreement (Strong Short Term Bond Fund Inc), Services Agreement (Strong Opportunity Fund Inc)

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INDEMNIFICATION a. Servicer Dealer agrees to indemnify, defend and hold harmless Distributor and the Funds and their predecessors, successors, and affiliates, each current or former director, officer, employee, shareholder or agent and each person who controls or is controlled by Distributor from any and all losses, claims, liabilities, costs, and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them howsoever they arise, and as they are incurred, which relate in any way to: (i) any alleged violation of any statute or regulation (including without limitation the securities laws and regulations of the United States or any state or foreign country) or any alleged tort or breach of contract, related to the provision offer or sale by Dealer of Services by Servicer Shares of the Funds pursuant to this Agreement (except to the extent that Distributor's gross negligence or failure to follow correct instructions received from Servicer Dealer is the cause of such loss, claim, liability, cost or expense); (ii) any redemption or exchange pursuant to instructions received from Servicer Dealer or Servicer's Personnelits directors, partners, affiliates, officers, employees or agents; or (iii) the breach by Servicer Dealer of any of its representations and warranties specified herein or ServicerDealer's failure to comply with the terms and conditions of this Agreement, whether or not such action, failure, error, omission, misconduct or breach is committed by Servicer Dealer or its predecessor, successor, or affiliate, each current or former partner, officer, director, employee or agent and each person who controls or is controlled by ServicerDealer. This indemnity agreement is in addition to any other liability which Servicer Dealer may otherwise have. b. Distributor agrees to indemnify, defend and hold harmless Servicer Dealer and its predecessors, successors and affiliates, each current or former partner, officer, director, employee or agent, and each person who controls or is controlled by Servicer Dealer from any and all losses, claims, liabilities, costs and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them which arise, and which relate to any untrue statement of or omission to state a material fact contained in the Prospectus or any written salessales literature or other marketing materials provided by the Distributor to Dealer, required to be stated therein or necessary to make the statements therein not misleading. This indemnity agreement is in addition to any other liability which Distributor may otherwise have.

Appears in 3 contracts

Samples: Dealer Agreement (Strong Government Securities Fund Inc), Dealer Agreement (Strong Income Funds Ii Inc), Dealer Agreement (Strong Opportunity Fund Inc)

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INDEMNIFICATION a. Servicer Dealer agrees to indemnify, defend and hold harmless Distributor and the Funds and their predecessors, successors, and affiliates, each current or former director, officer, employee, shareholder or agent and each person who controls or is controlled by Distributor from any and all losses, claims, liabilities, costs, and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them howsoever they arise, and as they are incurred, which relate in any way to: (i) any alleged violation of any statute or regulation (including without limitation the securities laws and regulations of the United States or any state or foreign country) or any alleged tort or breach of contract, related to the provision offer or sale by Dealer of Services by Servicer Shares of the Funds pursuant to this Agreement (except to the extent that Distributor's gross negligence or failure to follow correct instructions received from Servicer Dealer is the cause of such loss, claim, liability, cost or expense); (ii) any redemption or exchange pursuant to instructions received from Servicer Dealer or Servicer's Personnelits directors, partners, affiliates, officers, employees or agents; or (iii) the breach by Servicer Dealer of any of its representations and warranties specified herein or Servicerthe Dealer's failure to comply with the terms and conditions of this Agreement, whether or not such action, failure, error, omission, misconduct or breach is committed by Servicer Dealer or its predecessor, successor, or affiliate, each current or former partner, officer, director, employee or agent and each person who controls or is controlled by ServicerDealer. This indemnity agreement is in addition to any other liability which Servicer Dealer may otherwise have. b. Distributor agrees to indemnify, defend and hold harmless Servicer Dealer and its predecessors, successors and affiliates, each current or former partner, officer, director, employee or agent, and each person who controls or is controlled by Servicer Dealer from any and all losses, claims, liabilities, costs and expenses, including reasonable attorney fees, that may be assessed against or suffered or incurred by any of them which arise, and which relate to any untrue statement of or omission to state a material fact contained in the Prospectus or any written salessales literature or other marketing materials provided by the Distributor to the Dealer, required to be stated therein

Appears in 1 contract

Samples: Dealer Agreement (Strong Advantage Fund Inc)

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