Common use of Pershing Indemnification Clause in Contracts

Pershing Indemnification. In addition to any other obligations it may possess under other provisions of this Agreement, Pershing shall indemnify, defend, and hold harmless Broker from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s fees, and costs in connection therewith arising out of any negligent, reckless, dishonest, fraudulent, or criminal act or omission on the part of any of Pershing’s officers or employees with respect to the services provided by Pershing under this Agreement.

Appears in 2 contracts

Samples: www.sec.gov, Disclosed Clearing Agreement (Summit Financial Services Group Inc)

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Pershing Indemnification. In addition to any other obligations it may possess under other provisions of this Agreement, Pershing shall indemnify, defend, and hold harmless Broker from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s 's fees, and costs in connection therewith arising out of any grossly negligent, reckless, dishonest, fraudulent, or criminal act or omission on the part of any of Pershing’s its officers or employees with respect to the services provided by Pershing under this Agreement.

Appears in 2 contracts

Samples: Clearing Agreement (American Portfolios Holdings Inc), Clearing Agreement (American Portfolios Holdings Inc)

Pershing Indemnification. In addition to any other obligations it may possess under other provisions of this Agreement, Pershing shall indemnify, defend, and hold harmless Broker from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s 's fees, and costs in connection therewith arising out of any negligent, reckless, dishonest, fraudulent, or criminal act or omission on the part of any of Pershing’s 's officers or employees with respect to the services provided by Pershing under this Agreement.

Appears in 1 contract

Samples: Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp)

Pershing Indemnification. In addition to any other obligations it may possess under other provisions of this Agreement, Pershing shall indemnify, defend, and hold harmless Broker from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s fees, and costs in connection therewith arising out of any negligent, reckless, dishonest, fraudulent, or criminal act or omission on the part of any of Pershing’s its officers or employees with respect to the services provided by Pershing under this Agreement.

Appears in 1 contract

Samples: Disclosed Clearing Agreement (International Assets Holding Corp)

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Pershing Indemnification. In addition to any other obligations it may ------------------------ possess under other provisions of this Agreement, Pershing shall indemnify, defend, and hold harmless Broker from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s 's fees, and costs in connection therewith arising out of any grossly negligent, reckless, dishonest, fraudulent, or criminal act or omission on the part of any of Pershing’s its officers or employees with respect to the services provided by Pershing under this Agreement.

Appears in 1 contract

Samples: Disclosed Clearing Agreement (Ziegler Companies Inc)

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