Acceptance of Contract Provisions. To the extent permitted pursuant to Section 2.8, Operator in such contracts with third parties may agree to such matters as limitations on the liability of contractors for work performed or materials furnished, restrictions on warranties, agreements to indemnify the contractors from liability, requirements that Owner be bound by financial protection provisions, waivers, releases, indemnifications, limitations of liability and further transfers or assignments under such contracts, and other similar provisions (each contract with a third party that contains any of the provisions, terms or other effects described in this sentence, shall be referred to as a "Material Contract"). Owner waives any claims against Operator for entering into Material Contracts approved pursuant to the process provided in Section 2.8. Owner also agrees to be bound by the requirements for financial protection, waivers, releases, indemnification, limitation of liability and further transfers or assignments that bind Operator as they now exist in existing Material Contracts or as they may exist in the future with respect to Material Contracts approved or entered into pursuant to such process provided in Section 2.8.
Appears in 5 contracts
Samples: Operating Agreement (Gulf Power Co), Operating Agreement (Southern Power Co), Operating Agreement (Southern Power Co)
