Indemnification by the General Partner. To the fullest extent permitted by law, the General Partner agrees to indemnify and defend the Trustee, the Registrar and any Paying Agent and their directors, officers, employees and agents against, and hold each of them harmless from, any liability, costs and expenses (including reasonable attorneys' fees) that may arise out of or in connection with its acting as the Trustee or the Registrar or Paying Agent, respectively, under this Trust Agreement and the Receipts, except for any liability arising out of negligence, bad faith or willful misconduct on the part of any such Person or Persons.
Appears in 5 contracts
Samples: Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Capital Trust Ii)
Indemnification by the General Partner. To the fullest extent permitted by law, the General Partner agrees to indemnify and defend the Trustee, the Registrar and any Paying Agent and their directors, officers, employees and agents against, and hold each of them harmless from, any liability, costs and expenses (including reasonable attorneys' fees) that may arise out of or in connection with its acting as the Trustee or the Registrar or Paying Agent, respectively, under this Trust Agreement and the ReceiptsCapital Securities, except for any liability arising out of gross negligence, bad faith or willful misconduct on the part of any such Person or Persons.
Appears in 2 contracts
Samples: Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Capital Trust Iii)