Insurance Indemnification and Bonds Sample Clauses

Insurance Indemnification and Bonds. The Service Provider will defend, indemnify and hold harmless SSOE Group and its subsidiaries, or any related entities, directors, officers, employees, representatives, successors, and assigns from and against claims, suits, liabilities, damages and expenses (including reasonable attorneys’ fees), as a result of the death or bodily injury to any person or the destruction or damage to any property, to the extent caused by the Service Provider’s or its sub-contractors’ negligent act, error or omisson. The obligations and duties contained in this Article will survive the completion of services and/or termination of the Master Agreement, purchase order or sub-contract. During the term of this Master Agreement, any purchase order or sub-contract issued under the Master Agreement, and any extension thereof, the Service Provider shall carry the insurance described below, with insurers satisfactory to SSOE Group. The Service Provider must obtain the required insurance through carriers rated at least “A-“ by AM Best and shall submit to SSOE Group certificates from the insurers that such insurance is in effect These certificates shall state policy numbers, dates of expiration, limits of liability and special endorsements, and provide that the insurance will not be cancelled or materially changed without mailing written notice to SSOE Group at least thirty (30) days prior to the effective date of such cancellation or material change. In addition, SSOE Group and its parents and affiliated companies shall be included as additional insureds in all policies except Workers’ Compensation.  Workers’ Compensation and Employers’ Liability Insurance as provided by the states in which the Services are provided:
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Insurance Indemnification and Bonds 
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Related to Insurance Indemnification and Bonds

  • Insurance and Indemnification Costs of insurance in connection with the general conduct of activities are allowable, provided that the extent and cost of coverage are in accordance with the Grantee’s policy and sound business practice.

  • Indemnification and Insurance (a) From and after the Effective Time, Acquiror agrees that it shall indemnify and hold harmless each present and former director and officer of the (x) Company and each of its Subsidiaries (in each case, solely to the extent acting in their capacity as such and to the extent such activities are related to the business of the Company being acquired under this Agreement) (the “Company Indemnified Parties”) and (y) Acquiror and each of its Subsidiaries (the “Acquiror Indemnified Parties” together with the Company Indemnified Parties, the “D&O Indemnified Parties”) against any costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, claims, damages or liabilities incurred in connection with any Legal Proceeding, whether civil, criminal, administrative or investigative, arising out of or pertaining to matters existing or occurring at or prior to the Effective Time, whether asserted or claimed prior to, at or after the Effective Time, to the fullest extent that the Company, Acquiror or their respective Subsidiaries, as the case may be, would have been permitted under applicable Law and its respective certificate of incorporation, certificate of formation, bylaws, limited liability company agreement or other organizational documents in effect on the date of this Agreement to indemnify such D&O Indemnified Parties (including the advancing of expenses as incurred to the fullest extent permitted under applicable Law). Without limiting the foregoing, Acquiror shall, and shall cause its Subsidiaries to (i) maintain for a period of not less than six (6) years from the Effective Time provisions in its Governing Documents concerning the indemnification and exoneration (including provisions relating to expense advancement) of Acquiror’s and its Subsidiaries’ former and current officers, directors, employees, and agents that are no less favorable to those Persons than the provisions of the Governing Documents of the Company, Acquiror or their respective Subsidiaries, as applicable, in each case, as of the date of this Agreement, and (ii) not amend, repeal or otherwise modify such provisions in any respect that would adversely affect the rights of those Persons thereunder, in each case, except as required by Law. Acquiror shall assume, and be liable for, each of the covenants in this Section 7.8.

  • Insurance and Indemnity (a) The Hirer shall be liable for:

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