Indemnification by Gold Clause Samples
The "Indemnification by Gold" clause requires the party referred to as Gold to compensate or protect the other party from losses, damages, or liabilities arising from specific actions or breaches. Typically, this clause applies if Gold's conduct, negligence, or failure to meet contractual obligations causes harm to the other party, such as third-party claims or regulatory penalties. Its core function is to allocate risk by ensuring that Gold bears responsibility for certain types of losses, thereby protecting the other party from financial harm resulting from Gold's actions.
Indemnification by Gold. Gold agrees to indemnify, defend and hold harmless Company and the Bank, and the shareholders, directors, officers, employees, agents and representatives of each such entity, from and against and in respect of any and all damages, losses, diminution of value, or expenses suffered or incurred by Company (whether as a result of third party claims, demands, suits, causes of action, proceedings, investigations, judgments, liabilities or otherwise), including costs of investigation and defense and reasonable attorneys' fees assessed or incurred or sustained by or against Company or its shareholders, with respect to or arising out of any breach of the representations, warranties and covenants of Gold and Sub set forth herein.
Indemnification by Gold. Subject to Section 18, Gold shall indemnify, defend and hold Producer and Producer’s affiliates, employees and agents harmless from and against any and all suits, actions, proceedings, claims, counterclaims, losses, damages, liabilities, costs and expenses (including attorneys’ fees) in any way arising in connection with or resulting from (i) any breach or nonfulfillment of or default under any term or condition of this Agreement by Gold, or (ii) any act or omission of Gold which is, in whole or in part, grossly negligent or reckless or which constitutes willful or wanton misconduct, fraud or an intentional tort. Any payment owed by Gold to Producer under this Agreement which is not made within two days of the date on which the payment was due shall bear interest from the date such payment was due until it is paid at the Prime Rate as published in The Wall Street Journal from time to time, plus four percent (4%).
Indemnification by Gold. Gold agrees to indemnify, defend and hold harmless Company and its shareholders from and against and in respect of any and all damages, losses, diminution of value, or expenses suffered or incurred by Company (whether as a result of third party claims [whether valid or not], demands, suits, causes of action, proceedings, investigations, judgments, liabilities or otherwise), including costs of investigation and defense and reasonable attorneys' fees assessed or incurred or sustained by or against Company or its shareholders, with respect to or arising out of any breach of the representations, warranties and covenants of Gold and Sub set forth herein and in any other agreement or instrument executed by Gold and/or Sub in connection herewith.