Common use of Exercise and survival of indemnities Clause in Contracts

Exercise and survival of indemnities. (a) An obligation to indemnify under this Service Agreement will be discharged by payment in full by the indemnifying party to the indemnified party (or to such person as the indemnified party nominates) within 20 Business Days after the date the indemnified party provides written notice to the indemnifying party setting out adequately detailed grounds for, and specifying the full quantum of, the claim for indemnification. (b) It is not necessary for a party to incur expense or make payment before enforcing a right of indemnity under this Service Agreement. (c) The right of a party indemnified under this Service Agreement to receive payment under the indemnity survives any termination of this Service Agreement.

Appears in 2 contracts

Samples: Service Agreement, Service Agreement

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Exercise and survival of indemnities. (a) An obligation to indemnify under this Service Agreement will be discharged by payment in full by the indemnifying party Party to the indemnified party Party (or to such person as the indemnified party Party nominates) within 20 Business Days after the date the indemnified party Party provides written notice to the indemnifying party Party setting out adequately detailed grounds for, and specifying the full quantum of, the claim for indemnification. (b) It is not necessary for a party Party to incur expense or make payment before enforcing a right of indemnity under this Service Agreement. (c) The right of a party Party indemnified under this Service Agreement to receive payment under the indemnity survives any termination of this Service Agreement.

Appears in 1 contract

Samples: Service Agreement

Exercise and survival of indemnities. (a) An obligation to indemnify under this Service Haulage ContractService Agreement will be discharged by payment in full by the indemnifying party Party to the indemnified party Party (or to such person as the indemnified party Party nominates) within 20 Business Days after the date the indemnified party Party provides written notice to the indemnifying party Party setting out adequately detailed grounds for, and specifying the full quantum of, the claim for indemnification. (b) It is not necessary for a party Party to incur expense or make payment before enforcing a right of indemnity under this Service Haulage ContractService Agreement. (c) The right of a party Party indemnified under this Service Haulage ContractService Agreement to receive payment under the indemnity survives any termination of this Service Haulage ContractService Agreement.

Appears in 1 contract

Samples: Haulage Contract/Service Agreement

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Exercise and survival of indemnities. (a) An obligation to indemnify under this Service Agreement Haulage Contract will be discharged by payment in full by the indemnifying party Party to the indemnified party Party (or to such person as the indemnified party Party nominates) within 20 Business Days after the date the indemnified party Party provides written notice to the indemnifying party Party setting out adequately detailed grounds for, and specifying the full quantum of, the claim for indemnification. (b) It is not necessary for a party Party to incur expense or make payment before enforcing a right of indemnity under this Service AgreementHaulage Contract. (c) The right of a party Party indemnified under this Service Agreement Haulage Contract to receive payment under the indemnity survives any termination of this Service AgreementHaulage Contract.

Appears in 1 contract

Samples: Haulage Contract

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