Common use of Indemnification of Designated Holder Clause in Contracts

Indemnification of Designated Holder. Each Holder hereby irrevocably appoints the Designated Holder as its representative under Section 7 hereof for purposes of determining the Fair Market Value of the Common Stock. Each Holder hereby indemnifies the Designated Holder for, and holds the Designated Holder harmless against, any loss, liability, disbursements, expenses, losses, costs or cash damages (including reasonable attorneys' fees) incurred on the part of the Designated Holder, arising out of or in connection with Designated Holder carrying out its duties herein, including costs and expenses of defending the Designated Holder against any claim of liability with respect thereto, provided that the Designated Holder has acted in good faith.

Indemnification of Designated Holder. Each Holder hereby irrevocably appoints the Designated Holder as its representative under Section 7 hereof for purposes of determining the Fair Market Value of the Common Stock. Each Holder hereby indemnifies the Designated Holder for, and holds the Designated Holder harmless against, any loss, liability, disbursements, expenses, losses, costs or cash damages (including reasonable attorneys' ’ fees) incurred on the part of the Designated Holder, arising out of or in connection with Designated Holder carrying out its duties herein, including costs and expenses of defending the Designated Holder against any claim of liability with respect thereto, provided that the Designated Holder has acted in good faith.