Common use of Indemnity on Damage or Destruction or Condemnation Clause in Contracts

Indemnity on Damage or Destruction or Condemnation. Shall any of the incidents pursuant to Clause 10.1 or Clause 10.2 take place during the Term regardless of the person being held responsible for the same, the Proprietor agrees to indemnify all losses suffered by the Consultant derived from such temporary or persistent interruption of operation of the Hotel. The exact amount of such indemnity to be paid shall be agreed upon and determined by mutual agreement between the Proprietor and the Consultant depending on the degree and duration of the actual interruption of the operation of the Hotel.

Appears in 4 contracts

Samples: Consultancy Agreement (Green Solutions China, Inc.), Consultancy Agreement (China Green, Inc.), Consultancy Agreement (China Green, Inc.)

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