Common use of RESPONSIBILITY; INDEMNIFICATION Clause in Contracts

RESPONSIBILITY; INDEMNIFICATION. (a) User will be responsible for any loss, claim, damage, liability or expense (including attorneys’ fees) incurred by User or another Authorized User as a result of User or another Authorized User being provided with access to the Site, including (without limitation) the consequences of any misuse or unauthorized use of, or access to, the Site or disclosure of any confidential information by User’s employees, agents or others. FTCI is not obligated to provide insurance coverage for any such loss, claim, damage, liability or expense (including attorneys’ fees). User assumes responsibility for the security of all Site IDs and passwords provided to User and other Authorized Users. (b) User hereby agrees to indemnify FTCI and its vendors for any loss, claim, liability, damage or expense (including attorneys’ fees) (i) incurred by FTCI or any of its vendors as a result of any violation of User’s obligations hereunder by persons who obtain access to the Site through User’s acts or omissions or the acts of omissions of any other Authorized User; or (ii) asserted by any party (including User) against FTCI or any of its vendors for or on account of User’s use of the Site.

Appears in 2 contracts

Sources: Investment Management With Custody Agreement (Franklin Resources Inc), Custody Agreement (Franklin Resources Inc)