Common use of Indemnification of Representative Clause in Contracts

Indemnification of Representative. The Representative shall not be liable to Transferor with respect to any action or omission taken or omitted to be taken by the Representative pursuant to the authority granted under this Article X, except for any action or omission constituting the Representative’s gross negligence or bad faith. Transferor shall severally indemnify the Representative against any Damages (except such as result from the gross negligence or bad faith of the Representative) that the Representative suffers or incurs in connection with any action or omission by the Representative pursuant to the authority granted hereby.

Indemnification of Representative. The Representative shall not be liable to any Transferor with respect to any action or omission taken or omitted to be taken by the Representative pursuant to the authority granted under this Article X, except for any action or omission constituting the Representative’s gross negligence or bad faith. Each Transferor shall severally indemnify the Representative against any Damages (except such as result from the gross negligence or bad faith of the Representative) that the Representative suffers or incurs in connection with any action or omission by the Representative pursuant to the authority granted hereby.