Indemnification for Breach of Agreement. Any breach by a Party to this Agreement of any obligation provided for in this Agreement, shall entitle the Party aggrieved by the breach to be indemnified by the defaulting Party in an amount equal to the damage suffered by the aggrieved Party. Any Party, in the event of such breach, may retain as a set-off any amounts it owes to the Party in breach of Taxes and Duties or for any other purpose, including any amounts collected or withheld from third parties for the other Party pursuant to any Applicable Law or agreement.
Appears in 4 contracts
Samples: Mining Exploitation Agreement, Mining Development Agreement, Model Mine Development Agreement
Indemnification for Breach of Agreement. Any breach by a either Party to this Agreement of any obligation provided for in this Agreement, Agreement shall entitle the Party aggrieved by the breach to be indemnified by the defaulting Party in an amount equal to the damage suffered by the aggrieved Party. Any Party, in the event of such breach, may retain as a set-off any amounts it owes to the Party in breach of Taxes and Duties or for any other purpose, including any amounts collected or withheld from third parties for the other Party pursuant to any Applicable Law or agreement.
Appears in 2 contracts
Samples: Mineral Development Agreement, Mineral Development Agreement
