Common use of Indemnification and Compensation Clause in Contracts

Indemnification and Compensation. The Party that fails to comply with its duties under this Agreement shall pay to the other Party penalty in the amount 300,000 (Three hundred thousand) Rub for each violation, andindemnify for losses resulting fromdisclosure or illegal exploitation of the Confidential Information. The losses are reimbursed according to the existing legislation of the Russian Federation.

Indemnification and Compensation. The Party that fails to comply with its duties under this Agreement shall pay to the other Party penalty in the amount 300,000 1,000,000 (Three hundred thousandOne million) Rub for each violation, andindemnify for losses resulting fromdisclosure or illegal exploitation of the Confidential Information. The losses are reimbursed according to the existing legislation of the Russian Federation.

Indemnification and Compensation. The Party that fails to comply with its duties under this Agreement shall pay to the other Party penalty in the amount 300,000 (Three hundred thousand) Rub equal to amount of losses cost by such in proper disclosure for each violation, andindemnify violation and indemnify for losses resulting fromdisclosure or illegal exploitation of the Confidential Information. The losses are shall be reimbursed according to the existing legislation of the Russian Federation.