Common use of Indemnification by ▇▇▇▇ Clause in Contracts

Indemnification by ▇▇▇▇. Following the Closing, ▇▇▇▇ shall indemnify and hold harmless each of the Fanhua Parties and its Affiliates and their respective officers, directors, employees, agents, successors and assigns (each an “Fanhua Indemnified Party”) for and against any and all Liabilities, losses, damages, claims, costs and expenses, interest, awards, judgments and penalties (including attorneys’ and consultants’ fees and expenses) (each, a “Loss”) actually suffered or incurred by them (including any Action brought or otherwise initiated by any of them), arising out of or resulting from: (a) the failure of any representation or warranty made by Puyi under this Agreement to be true and accurate when made; or (b) the breach or violation of, or failure to perform or fulfill, any covenant or agreement by Puyi contained in this Agreement.