Indemnification; Repayment Sample Clauses

Indemnification; Repayment. PROMOTER shall indemnify and hold NASCAR, NEM and all NASCAR Rights Affiliates and NEM additional insureds (as specified in Section 18.a.) harmless from any and all claims, allegations, demands, obligations, suits, actions, causes of action, proceedings, rights, damages, and costs of any nature arising out of the Event or this Agreement, unless such claim, allegation, demand, obligation, suit, action, cause of action, proceeding, right, damage or cost arises solely out of the negligent act or negligent omission of NASCAR, NEM, or any NASCAR Rights Affiliate or any NEM additional insureds. With respect to any matter falling within the scope of PROMOTER’s obligation to defend and hold NASCAR, NEM, NEM additional insureds and the NASCAR Rights Affiliates harmless, NASCAR, NEM and the NASCAR Rights Affiliate and NEM additional insureds shall be entitled to select counsel to represent it in such matter at PROMOTER’s expense, and that counsel’s duties and obligations in all respects shall be solely to NASCAR, NEM, and to the NASCAR Rights Affiliate(s) and to the NEM additional insureds.

Indemnification; Repayment. PROMOTER shall indemnify and hold NASCAR and all NASCAR Rights Affiliates and NASCAR additional insureds harmless from any and all claims, allegations, demands, obligations, suits, actions, causes of action, proceedings, rights, damages, and costs of any nature arising out of the Event or this Agreement, unless such claim, allegation, demand, obligation, suit, action, cause of action, proceeding, right, damage or cost arises solely out of the negligent act or negligent omission of NASCAR or any NASCAR Rights Affiliate. With respect to any matter falling within the scope of PROMOTER’s obligation to defend and hold NASCAR and the NASCAR Rights Affiliates harmless, NASCAR and the NASCAR Rights Affiliate shall be entitled to select counsel to represent it in such matter at PROMOTER’s expense, and that counsel’s duties and obligations in all respects shall be solely to NASCAR and to the NASCAR Rights Affiliate.

Indemnification; Repayment. If payment of the Tuition Stipend has been made by MPCS Foundation hereunder and Teacher-Recipient: (i) fails to provide evidence of satisfactory completion of the portion of the Program, or (ii) fails to timely prepare and provide the staff presentation on the Program as provided in Section 7 above, or (iii) within the MPCS school year following the applicable portion of the Program funded hereunder Teacher-Recipient, voluntarily terminates employment at MPCS, is terminated for cause, or otherwise not renewed per your “at will” employment status (i.e., you may be terminated with or without cause), Teacher-Recipient shall repay the Tuition-Stipend Support by the MPCS Foundation. Repayment of any Tuition-Stipend provided by the MPCS Foundation shall be made by the Teacher-Recipient within 12 months of the earlier of the demand for the same under subsections (i) or (ii) above, or the date of separation from MPCS. Payment shall be made in equal monthly installments based upon the amount owed to MPCS Foundation. No interest will be charged on amounts owing, except as set forth below. The established legal basis for this arrangement is deemed to be repayment of a conditional grant. Any installment not paid within 30 days of when due, or any amounts owing after 12 months will bear statutory interest. Upon a failure to repay the Tuition Stipend by the Teacher Recipient as provided herein, MPCS Foundation may pursue all remedies available at law or in equity.

Indemnification; Repayment