Indemnification of Contracting Parties. The Operating Agent shall be liable, in its capacity as such, to indemnify Participants against the cost of any damage to property and all legal liabilities, actions, claims, costs and expenses connected therewith to the extent that they: (1) Result from the failure of the Operating Agent to maintain such insurance as it may be required to maintain under paragraph (b) above; or (2) Result from the gross negligence or wilful misconduct of any officers or employees of the Operating Agent in carrying out their duties under this Agreement.
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Samples: Implementing Agreement for a Programme to Develop and Test Solar Heating and Cooling Systems, Implementing Agreement for a Programme of Research, Development, Demonstration, and Promotion of Heat Pumping Technologies, Implementing Agreement for a Programme of Energy Technology Systems Analysis
Indemnification of Contracting Parties. The Operating Agent shall be liable, in its capacity as such, to indemnify indemnity Participants against the cost of any damage to property and all legal liabilities, actions, claims, claims costs and expenses connected therewith to the extent that they:
(1) Result from the failure of the Operating Agent to maintain such insurance as it may be required to maintain under paragraph (b) above; or
(2) Result from the gross negligence or wilful misconduct of any officers or employees employee of the Operating Agent in carrying out their duties under this Agreement.
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