Common use of INDEMNIFICATION OF FIDUCIARIES Clause in Contracts

INDEMNIFICATION OF FIDUCIARIES. Seitel (directly or through one or more subsidiaries) shall indemnify, defend and hold harmless each individual who is both an employee of Seitel or Eagle and a trustee or other fiduciary of an employee benefit plan (and his heirs, executors, successors and assigns) from and against any and all losses, liabilities, claims, damages, obligations, payments, costs and expenses, matured or unmatured, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, known or unknown (including, without limitation, the costs and expenses of any and all Actions, threatened Actions, demands, assessments, judgments, settlements and compromises relating thereto and attorneys' fees and any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any such Actions or threatened Actions) directly arising out of, or directly related to, the plan transfer contemplated by Article II hereof.