Indemnification and Payment of Losses by Authority. Subject to Section (a) any breach of any representation or warranty made by the Authority in this Agreement or in any schedule or exhibit or any other certificate or document delivered by the Authority to StadCo pursuant to this Agreement; (b) any breach by the Authority of any covenant or obligation of the Authority in this Agreement; or (c) any claim by any Person for Losses in connection with the violation by the Authority of any Applicable Laws; (d) the gross negligence or willful misconduct of the Authority or the Authority’s Related Parties; or (e) any Environmental Event regarding or relating in any way to the Land or the Project Improvements which is caused by or the result of any gross negligence or willful misconduct of the Authority. Notwithstanding the foregoing, this Section 13.10 does not require the Authority to indemnify and defend StadCo Indemnified Persons for Losses resulting from negligent acts or omissions of StadCo Indemnified Persons. If the Authority fails to make any payment of any sums payable by the Authority to StadCo Indemnified Persons on the date due, which failure shall continue for thirty (30) days, then such payment shall bear interest at the Default Rate, payable from the date such payment was fixed and due to the date of payment thereof.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Indemnification and Payment of Losses by Authority. Subject To the extent permitted by Applicable Law, the Authority shall, and does hereby, indemnify, defend and hold harmless the StadCo Indemnified Persons for, and shall pay to Sectionthe StadCo Indemnified Persons the amount of any Losses involving any third-party claim arising, directly or indirectly, from or in connection with any of the following:
(a) any breach of any representation or warranty made by the Authority in this Agreement or in any schedule or exhibit attached hereto or any other certificate or document delivered by the Authority to StadCo pursuant to this Agreement;
(b) any breach by the Authority of any covenant or obligation of the Authority in this Agreement; or
(c) any claim by any Person for Losses in connection with the violation by the Authority of any Applicable Laws;
(d) the gross negligence or willful misconduct of the Authority or the Authority’s Related Parties; or
(e) any Environmental Event Complaint regarding or relating in any way to the Land or the Project Improvements Premises which is caused by or the result of any willful misconduct or gross negligence or willful misconduct of the Authority. Notwithstanding the foregoing, this Section 13.10 10.3 does not require the Authority to indemnify and defend StadCo Indemnified Persons for Losses resulting from the negligent or willful acts or omissions of StadCo Indemnified Persons. If the Authority fails to make any payment of any sums payable by the Authority to StadCo Indemnified Persons on the date due, which failure shall continue for thirty (30) days, then such payment shall bear interest at the Default Rate, payable from the date such payment was fixed and due to the date of payment thereof.
Appears in 2 contracts
Indemnification and Payment of Losses by Authority. Subject To the extent permitted by Applicable Law, the Authority shall, and does hereby, indemnify, defend, and hold harmless the StadCo Indemnified Persons for, and shall pay to Sectionthe StadCo Indemnified Persons the amount of any Losses involving any third-party claim arising, directly or indirectly, from or in connection with any of the following:
(a) any breach of any representation or warranty made by the Authority in this Agreement or in any schedule or exhibit attached hereto or any other certificate or document delivered by the Authority to StadCo pursuant to this Agreement;
(b) any breach by the Authority of any covenant or obligation of the Authority in this Agreement; or
(c) any claim by any Person for Losses in connection with the violation by the Authority of any Applicable Laws;
(d) the gross negligence or willful misconduct of the Authority or the Authority’s Related Parties; or
(e) any Environmental Event Complaint regarding or relating in any way to the Land or the Project Improvements Premises which is caused by or the result of any willful misconduct or gross negligence or willful misconduct of the Authority. Notwithstanding the foregoing, this Section 13.10 10.3 does not require the Authority to indemnify and defend StadCo Indemnified Persons for Losses resulting from the negligent or willful acts or omissions of StadCo Indemnified Persons. If the Authority fails to make any payment of any sums payable by the Authority to StadCo Indemnified Persons on the date due, which failure shall continue for thirty (30) days, then such payment shall bear interest at the Default Rate, payable from the date such payment was fixed and due to the date of payment thereof.
Appears in 2 contracts
Indemnification and Payment of Losses by Authority. Subject to SectionTo the extent
(a) any breach of any representation or warranty made by the Authority in this Agreement or in any schedule or exhibit attached hereto or any other certificate or document delivered by the Authority to StadCo pursuant to this Agreement;
(b) Agreement; or
(c) any breach by the Authority of any covenant or obligation of the Authority in this Agreement; or
(c) any claim by any Person for Losses in connection with the violation by the Authority of any Applicable Laws;
(d) the gross negligence or willful misconduct of the Authority or the Authority’s Related Parties; or
(e) any Environmental Event Complaint regarding or relating in any way to the Land or the Project Improvements Premises which is caused by or the result of any willful misconduct or gross negligence or willful misconduct of the Authority. Notwithstanding the foregoing, this Section 13.10 10.3 does not require the Authority to indemnify and defend StadCo Indemnified Persons for Losses resulting from the negligent or willful acts or omissions of StadCo Indemnified Persons. If the Authority fails to make any payment of any sums payable by the Authority to StadCo Indemnified Persons on the date due, which failure shall continue for thirty (30) days, then such payment shall bear interest at the Default Rate, payable from the date such payment was fixed and due to the date of payment thereof.
Appears in 2 contracts
Indemnification and Payment of Losses by Authority. Subject To the extent permitted by Applicable Law, the Authority shall, and does hereby, indemnify, defend, and hold harmless the StadCo Indemnified Persons for, and shall pay to Sectionthe StadCo Indemnified Persons the amount of any Losses involving any third-party claim arising, directly or indirectly, from or in connection with any of the following:
(a) any breach of any representation or warranty made by the Authority in this Agreement or in any schedule or exhibit attached hereto or any other certificate or document delivered by the Authority to StadCo pursuant to this Agreement;
(b) any breach by the Authority of any covenant or obligation of the Authority in this Agreement; or
(c) any claim by any Person for Losses in connection with the violation by the Authority of any Applicable Laws;
(d) the gross negligence or willful misconduct of the Authority or the Authority’s Related Parties; or
(e) any Environmental Event Complaint regarding or relating in any way to the Land or the Project Improvements Premises which is caused by or the result of any willful misconduct or gross negligence or willful misconduct of the Authority. Notwithstanding the foregoing, this Section 13.10 10.3 does not require the Authority to indemnify and defend StadCo Indemnified Persons for Losses resulting from the negligent or willful acts or omissions of StadCo Indemnified Persons. If the Authority fails to make any payment of any sums payable by the Authority to StadCo Indemnified Persons on the date due, which failure shall continue for thirty (30) days, then such payment shall bear interest at the Default Rate, payable from the date such payment was fixed and due to the date of payment thereof.
Appears in 1 contract
Samples: Stadium Lease Agreement