Common use of Release from Liability; Indemnification Clause in Contracts

Release from Liability; Indemnification. Each Stockholder hereby releases the Stockholder Representative from, and each Stockholder, jointly and severally, agrees to indemnify the Stockholder Representative against, liability for any action taken or not taken by the Stockholder Representative in good faith in his capacity as the Stockholder Representative.

Appears in 1 contract

Sources: Merger Agreement (Guitar Center Inc)

Release from Liability; Indemnification. Each Stockholder hereby releases the Stockholder Representative Representatives, from, and each Stockholder, jointly and severally, Stockholder agrees to indemnify the Stockholder Representative Representatives against, liability for any action taken or not taken by the Stockholder Representative him, her or it in good faith in his his, her or its capacity as such agent, except for the liability of the Representatives, to a Stockholder Representativefor loss which such Stockholder may suffer from the willful misconduct or gross negligence of the Representatives.

Appears in 1 contract

Sources: Merger Agreement (Usi Holdings Corp)