Compensation for Breach. 4.1 Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Party shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.
4.2 Party B and Party C further agree that they shall fully indemnify Party A against and hold Party A harmless from any loss, damage, obligation and expense caused by or resulting from any litigation, claim or other demand against Party A due to performance of the Agreement by Party A.
4.3 The Parties agree that this Article 4 shall remain in force whether or not this Agreement is modified, rescinded or terminated.
Compensation for Breach. 12.1 Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Party shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.
12.2 The Xxxxxxx and the Domestic Company further agree that the Xxxxxxx and the Domestic Company shall fully indemnify the Pledgee against and hold the Pledgee harmless from any loss, damage, obligation and expense arising from or causing by any litigation, claim or other demands against the Pledgee due to the performance hereof.
12.3 The Parties agree that this Article 12 shall remain in force whether or not this Agreement is modified, rescinded or terminated.
Compensation for Breach. Any breach of Sub-clauses 4.5 to 4.6 shall entitle the Employer to rescind the contract under Clause 13.2 of these conditions and also render the Contractor liable for loss or damage arising due to such cancellation.
Compensation for Breach. 11.5.1 In the event the lessee's conduct (whether acts or omissions) constitutes a repudiation of this lease (or of the lessee's obligations under this lease) or constitutes a breach of any lease covenants the lessee shall compensate the lessor for the loss or damage suffered by reason of the repudiation or breach.
11.5.2 The lessor shall be entitled to recover damages against the lessee in respect of repudiation or breach of covenant for the damage suffered by the lessor during the whole of the term.
11.5.3 The lessor's entitlement to recover damages shall not be affected or limited by any of the following:
(a) the lessee abandoning or vacating the land;
(b) the lessor electing to re-enter or to terminate the lease;
(c) the lessor accepting the lessee's repudiation;
(d) the parties' conduct constituting a surrender by operation of law.
11.5.4 The lessor shall be entitled to recover damages against the lessee in respect of the entire term including the periods before and after the lessee has vacated the land and before and after the events referred to in subclause 11.5.3 whether recovery proceedings are instituted before or after such conduct.
Compensation for Breach. 1. Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Parties shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.
2. Party B, Party C and Party D further agree that they shall fully indemnify Party A against and hold Party A harmless from any loss, damage, obligation and expense caused by or resulting from any litigation, claim or other demand against Party A due to performance of this Agreement by Party A.
3. The Parties agree that the Article X shall remain in force whether or not this Agreement is modified, rescinded or terminated.
Compensation for Breach. B4.1 The Landlord may claim damages (compensation) from the Tenant for losses suffered and expenses incurred as a result of the Tenant’s failure to comply with the Tenant’s Obligations in this Agreement. The amount the Landlord is entitled to claim is the amount that would (as far as money can do that) put the Landlord in the same position the Landlord would have been in if the Tenant had complied with the Tenant’s Obligations PROVIDED THAT the Landlord takes reasonable steps to keep losses and expenses at a reasonable level and acts properly and reasonably in response to the Tenant’s breach.
Compensation for Breach. Frontline shall compensate KTL for any loss, on a USD for USD basis, which KTL or any Company suffers or incurs as a result of any breach of any of Frontline's warranties under this Agreement, Including any loss arising from any reduction of the value of the Shares. Frontline's obligation to compensate KTL for any such breach shall not be conditional upon any negligence on the part of Frontline nor upon the breach falling within Frontline's control.
Compensation for Breach. The Breaching Party shall compensate the Non-breaching Party for all direct costs, liabilities, or losses incurred due to its Breach.
Compensation for Breach. 6.1 The Borrower undertakes to indemnify and hold harmless the Lender against any actions, charges, claims, costs, damage, demands, expenses, liabilities, losses or procedures suffered or incurred by the Lender due to any breach by the Borrower of any of its obligations under this Agreement.
6.2 Notwithstanding any other provision of this Agreement, the effect of this Article shall not be affected by the suspension or termination of this Agreement.
Compensation for Breach. All prepayments shall be final and shall result in a reduction in the Aggregate Commitment and a proportionate reduction in the Commitment of each Bank.
