Indemnification of Trustee and Others Sample Clauses

Indemnification of Trustee and Others. (a) To the maximum extent permitted by applicable law, the Trustee, members of the TAC, and the Delaware Trustee shall be entitled to indemnification and reimbursement for reasonable fees and expenses in defending any and all of their actions or inactions in their respective capacities as Trustee, Delaware Trustee, or a member of the TAC, or on behalf of the NAS Monitoring Trust, and for any other liabilities, losses, damages, claims, costs and expenses arising out of or due to the implementation, including actions taken in connection with the formation and establishment of the NAS Monitoring Trust prior to or on the Effective Date, or administration of the Plan or the NAS Monitoring Trust Agreement (other than taxes in the nature of income taxes imposed on compensation paid to such persons), in each case, except for any actions or inactions found by Final Order to be arising out of their willful misconduct, gross negligence, or fraud. Any valid indemnification claim of the Trustee, the Delaware Trustee, or members of the TAC shall be satisfied from the NAS Monitoring Trust.
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