Common use of Indemnification of Receiver and Corporation Clause in Contracts

Indemnification of Receiver and Corporation. From and after the Bank Closing Date, the Bridge Bank agrees to indemnify and hold harmless the Corporation and the Receiver and their respective directors, officers, employees and agents from and against (a) any and all costs, losses, liabilities, and expenses (including attorneys’ fees) incurred by the Receiver, and (b) any judgments, fines, and amounts paid in settlement, actually and reasonably incurred in connection with Claims and Litigation against the Corporation and the Receiver and their respective directors, officers, employees, and agents, actually and reasonably incurred in connection with any of the following: (a) Claims based on or related to any Transferred Asset, Transferred Liability or Transferred Litigation; and (b) Claims based on any Indemnitee’s actions and inactions, including any Claims related to any Indemnitee’s violation of any law or regulation.