Common use of Indemnity of Manager Clause in Contracts

Indemnity of Manager. Owner shall, and Owner does hereby agree to, indemnify, defend, and hold harmless Manager and its Affiliates, and the Manager’s Affiliates’ respective members, managers, directors, officers, and employees (collectively, the “Manager Indemnified Parties”) from and against any Loss (except to the extent covered by insurance carried by Manager or Owner or required to be carried by Manager hereunder) which the Manager Indemnified Parties may suffer or incur, or which may be asserted against the Manager Indemnified Parties, whether meritorious or not, and which arises in connection with the performance of Manager’s duties and obligations under the terms of this Agreement resulting from Owner’s gross negligence, fraud, or willful misconduct, which indemnity shall continue notwithstanding the expiration or earlier termination of this Agreement regarding any occurrence preceding such expiration or termination.