Chevron Corp. Indemnification Clause Samples

Chevron Corp. Indemnification. Notwithstanding any other provision hereof, the Aggregate Purchase Price shall not be reduced for Title Defects or Environmental Defects with respect to the assets of Four Star to the extent that the Company or its Subsidiaries are entitled to valid and enforceable indemnification from Chevron Corp. or its controlled affiliates for such Title Defect(s) or Environmental Defect(s), as the case may be, under the agreements pursuant to which such assets were sold or contributed to Four Star or its predecessors (collectively, the “Chevron Indemnified Defects”), nor shall the value of the Chevron Indemnified Defects be included in the Net Defect Amount or considered in determining whether the Defect Threshold has been met.