Common use of Trustee’s Indemnification Clause in Contracts

Trustee’s Indemnification. Each Trustee assumes office on the express understanding and condition that the Trustee, and the heirs, executors, administrators and successors of that Trustee shall be indemnified out of the Trust, from and against all costs, charges and expenses which are brought, commenced or prosecuted against the Trustee, for or in respect of any act, deed, matter or thing, done or permitted by the Trustee, related to the duties set out in this Indenture and at law, and also from and against all other costs, charges and expenses which the Trustee sustains or incurs with respect to the Trust, except such costs, charges or expenses which arise due to matters a Trustee is liable for under Article 5.14.

Trustee’s Indemnification. Each Trustee assumes office on the express understanding and condition that the Trustee, and the heirs, executors, administrators and successors of that Trustee shall be indemnified out of the Trust, from and against all costs, charges and expenses which are brought, commenced or prosecuted against the Trustee, for or in respect of any act, deed, matter or thing, done or permitted by the Trustee, related to the duties set out in this Indenture and at law, and also from and against all other costs, charges and expenses which the Trustee sustains or incurs with respect to the Trust, except such costs, charges or expenses which arise due to matters a Trustee is liable for under Article 5.145.15.