Manager Indemnification. The Company shall indemnify and save harmless the Manager and its directors, officers, employees, subcontractors and Affiliates (the “Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of or arising from or in connection with their performance of this Agreement or any third-party Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of this Agreement, other than for any Losses to the extent related to or that resulted from: (a) any liabilities or obligations that the Manager has agreed to pay or for which the Manager is otherwise expressly responsible under this Agreement; (b) Manager Misconduct; or (c) any breach of this Agreement by the Manager or any of its Affiliates (other than the Company Group).
Appears in 4 contracts
Samples: Management Agreement (Genco Shipping & Trading LTD), Management Agreement (Baltic Trading LTD), Management Agreement (Baltic Trading LTD)
Manager Indemnification. The Company shall indemnify and save hold harmless the Manager and its directors, officers, employees, subcontractors and Affiliates (the “Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of or arising from or in connection with their performance of this Agreement or any third-party Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of this Agreement, other than for any Losses to the extent related to or that resulted from:
(a) any liabilities or obligations that the Manager has agreed to pay or for which the Manager is otherwise expressly responsible under this Agreement;
(b) Manager Misconduct; or
(c) any breach of this Agreement by the Manager or any of its Affiliates (other than the Company GroupCompany).
Appears in 4 contracts
Samples: Administrative Services Agreement (OceanPal Inc.), Administrative Services Agreement (OceanPal Inc.), Administrative Services Agreement (OceanPal Inc.)
Manager Indemnification. The Company shall indemnify and save harmless the Manager and its directors, officers, employees, subcontractors and Affiliates (the “Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of or arising from or in connection with their performance of this Agreement or any third-party Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of this Agreement, other than for any Losses to the extent related to or that resulted from:
(a) any liabilities or obligations that the Manager has agreed to pay or for which the Manager is otherwise expressly responsible under this Agreement;
(b) Manager Misconduct; or
(c) any breach of this Agreement by the Manager or any of its Affiliates (other than the Company Group).
Appears in 3 contracts
Samples: Management Agreement (Teekay Tankers Ltd.), Business Purchase Agreement (Teekay Tankers Ltd.), Management Agreement (Teekay Tankers Ltd.)
Manager Indemnification. The Company shall indemnify and save hold harmless the Manager and its directors, officers, employees, subcontractors and Affiliates (the “"Manager Indemnified Persons”") from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of or arising from or in connection with their performance of this Agreement or any third-party Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of this Agreement, other than for any Losses to the extent related to or that resulted from:
(a) any liabilities or obligations that the Manager has agreed to pay or for which the Manager is otherwise expressly responsible under this Agreement;
(b) Manager Misconduct; or
(c) any breach of this Agreement by the Manager or any of its Affiliates (other than the Company GroupCompany).
Appears in 2 contracts
Samples: Administrative Services Agreement (Diana Shipping Inc.), Administrative Services Agreement (Diana Containerships Inc.)
Manager Indemnification. The Company shall indemnify and save harmless the Manager and its directors, officers, employees, subcontractors and Affiliates (the “Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of or arising from or in connection with their performance of this Agreement or any third-party Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of this Agreement, other than for any Losses to the extent related to or that resulted from:
: (a) any liabilities or obligations that the Manager has agreed to pay or for which the Manager is otherwise expressly responsible under this Agreement;
; (b) Manager Misconduct; or
or (c) any breach of this Agreement by the Manager or any of its Affiliates (other than the Company Group).
Appears in 1 contract
Samples: Management Agreement