Common use of Insurance and Indemnities Clause in Contracts

Insurance and Indemnities. 7.01 Each Party shall carry all necessary insurance by (a) the laws of their country of operation and the United States and (b) the requirements of each Contract. 7.02 Each Party shall indemnify and hold harmless/waive subrogation right against the other party relating to liens, claims or other charges on goods and property, loss or damage to that Party's property, except where due to the negligence of the other Party, arising out of actions in connection with this Agreement or any Contract entered into as a result of it; loss or damage to any deliverables under any Contract whilst such deliverables are in the custody of that Party; death or injury to any employee of that Party or damage to the property of the Party's employees; etc. 7.03 Minimum insurance for any one event shall be in accordance with the terms of each Proposal/Contract, entered into by the Parties in accordance with this Agreement

Appears in 1 contract

Samples: Strategic Alliance Agreement (Startech Environmental Corp)

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Insurance and Indemnities. 7.01 Each Party shall carry all necessary insurance required by (a) the laws of their country of operation and the United States and (b) the requirements of each Contract. 7.02 Each Party shall indemnify and hold harmless/waive subrogation right against the other party Party relating to liens, claims or other charges on goods and property, loss or damage to that Party's property, except where due to the negligence of the other Party, arising out of actions in connection with this Agreement or any Contract entered into as a result of it; loss or damage to any deliverables under any Contract whilst such deliverables are in the custody of that Party; death or injury to any employee of that Party or damage to the property of the Party's employees; etc. 7.03 Minimum insurance for any one event shall be in accordance with the terms of each Proposal/Contract, entered into by the Parties in accordance with this Agreement.

Appears in 1 contract

Samples: Strategic Alliance (Startech Environmental Corp)

Insurance and Indemnities. 7.01 Each Party shall carry all necessary insurance required by (a) the laws of their country of operation and the United States and (b) the requirements of each Contract. 7.02 Each Party shall indemnify and hold harmless/waive subrogation right against the other party Party relating to liens, claims or other charges on goods and property, loss or damage to that Party's property, except where due to the negligence of the other Party, arising out of actions in connection with this Agreement or any Contract entered into as a result of it; loss or damage to any deliverables under any Contract whilst such deliverables are in the custody of that Party; death or injury to any employee of that Party or damage to the property of the Party's employees; etc. 7.03 Minimum insurance for any one event shall be in accordance with the terms of each Proposal/Contract, entered into by the Parties in accordance with this Agreement.

Appears in 1 contract

Samples: Strategic Alliance Agreement (Startech Environmental Corp)

Insurance and Indemnities. 7.01 Each Party shall carry all al necessary insurance required by (a) the laws of their country of operation and the United States and (b) the requirements of each Contract... 7.02 Each Party shall indemnify and hold harmless/waive subrogation right against the other party Party relating to liens, claims or other charges on goods and property, loss or damage to that Party's property, except where due to the negligence of the other Party, arising out of actions in connection with this Agreement or any Contract entered into as a result of it; loss or damage damages to any deliverables under any Contract whilst such deliverables are in the custody of that Party; death or injury to any employee of that Party or damage to the property of the Party's employees; etc... 7.03 Minimum insurance for any one event shall be in accordance with the terms of each Proposal/Contractcontract, entered into by the Parties in accordance with this Agreement.

Appears in 1 contract

Samples: Strategic Alliance Agreement (Startech Environmental Corp)

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Insurance and Indemnities. 7.01 12.01 Each Party shall carry all necessary insurance required by (a) the laws of their country of operation and the United States and (b) the requirements of each Contractcontract. 7.02 12.02 Each Party shall indemnify and hold harmless/waive subrogation right against the other party Party relating to liens, claims or other charges on goods and property, loss or damage to that Party's property, except where due to the negligence of the other Party, arising out of actions in connection with this Agreement or any Contract contract entered into as a result of it; loss or damage to any deliverables under any Contract contract whilst such deliverables are in the custody of that Party; death or injury to any employee of that Party or damage to the property of the Party's employees; etc. 7.03 12.03 Minimum insurance for any one event shall be in accordance with the terms of each Proposal/Contract, entered into by the Parties in accordance with this Agreement.

Appears in 1 contract

Samples: Strategic Alliance Agreement (Startech Environmental Corp)

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