Common use of Indemnification of the Adviser Clause in Contracts

Indemnification of the Adviser. The Company confirms that in performing services hereunder the Adviser will be an agent of the Company for the purpose of the indemnification provisions of the Company's By-Laws, subject, however, to the same limitations as though the Adviser were a director or officer of the Company. The Adviser shall not be liable to the Company, its shareholders or its creditors except for violations of law or for conduct which would preclude the Adviser from being indemnified under such provisions.

Indemnification of the Adviser. The Company confirms that in performing services hereunder the Adviser will be an agent of the Company for the purpose of the indemnification provisions of the Company's By-LawsBylaws, subject, however, to the same limitations as though the Adviser were a director or officer of the Company. The Adviser shall not be liable to the Company, its shareholders or its creditors except for violations of law or for conduct which would preclude the Adviser from being indemnified under such provisions.