Common use of INDEMNIFICATION OF EXCHANGE AGENT Clause in Contracts

INDEMNIFICATION OF EXCHANGE AGENT. If the Exchange Agent becomes involved in any litigation, claim or controversy in connection with its actions under this Agreement, the Parent shall indemnify, defend and save Exchange Agent from all losses, costs, damages, expenses and attorneys' fees suffered or incurred by Exchange Agent as a result thereof, other than those caused by negligence or misconduct.

Appears in 4 contracts

Samples: Merger Agreement (Transcoastal Marine Services Inc), Purchase and Sale Agreement (Transcoastal Marine Services Inc), Merger Agreement (Transcoastal Marine Services Inc)

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