Indemnity Clause Example from Business Contracts

Indemnity. The Company shall indemnify the Advisor and its affiliates and its and their respective directors, officers, employees, stockholders, representatives and agents in accordance with the indemnification provisions set forth in Annex I hereto, all of which are incorporated herein by reference. Notwithstanding the foregoing and Annex I, the Advisor agrees, if there is no Closing, (a) that it does not have any right, title, interest or claim of any kind in or to any monies in the Company's trust... account ("Trust Account") established in connection with the IPO with respect to the foregoing indemnity (each, a "Claim"); (b) to waive any Claim it may have in the future as a result of, or arising out of, any services provided to the Company hereunder; and (c) to not seek recourse against the Trust Account with respect to the Transaction Fee. View More