Common use of INDEMNITY, LIABILITY AND INSURANCE Clause in Contracts

INDEMNITY, LIABILITY AND INSURANCE. 7.1 The Company agrees that its breach of any of the terms of this Agreement may result in damage to Global Village and it hereby agrees to indemnify Global Village (including without limitation its personnel, contractors, consultants, representatives and agents) and hold it harmless from any and all claims, losses, expenses, costs, actions, demands or damage arising from its liability, negligence or omissions of the Company or its personnel when selling the Products. 7.2 The Company will indemnify Global Village against any liability arising out of its breach of this Agreement. 7.3 In no event will either Party be liable to the other for any indirect consequential loss that may be suffered (including where such consequential loss takes the form of loss of profits, loss of revenue, loss of use, loss of production, loss of reputation, loss of opportunity or loss of contracts) arising from or resulting from any breach of any provision of this Agreement, even if it has been advised of the possibility of such damages. 7.4 The Company shall affect and maintain, with a reputable insurance company, tour operators’ professional liability cover with a limit of not less than AED 300,000 each and every occurrence during the Term. The Company shall ensure that all policies contain an indemnity to principals’ clause. Within five (5) Business Days after receiving a request from Global Village, the Company must provide evidence from its insurers of its cover.