Common use of Insurance Limitation Clause in Contracts

Insurance Limitation. Notwithstanding the provisions of subsections 1.1 and 1.6, the Indemnitor shall have no obligation to indemnify or save harmless the Indemnitee in respect of any liability for which the Indemnitee is entitled to indemnity pursuant to any valid and collectible policy of insurance obtained and maintained by the Indemnitor, to the extent of the amounts actually collected by the Indemnitee under such insurance policy. Where partial indemnity is provided by such insurance policy, the obligation of the Indemnitor under subsection 1.1 shall continue in effect but be limited to that portion of the liability for which indemnity is not provided by such insurance policy.

Appears in 2 contracts

Samples: Shareholder Agreement (Oncogenex Technologies Inc), Indemnification Agreement (Oncogenex Technologies Inc)

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Insurance Limitation. Notwithstanding the provisions of subsections 1.1 and 1.6Section 1.7, the Indemnitor shall will have no obligation to indemnify or save harmless the Indemnitee in respect of any liability for which the Indemnitee is entitled to indemnity pursuant to any valid and collectible policy of insurance obtained and maintained by the Indemnitor, to the extent of the amounts actually collected by the Indemnitee under such insurance policy. Where partial indemnity is provided by such insurance policy, the obligation of the Indemnitor under subsection Section 1.1 shall will continue in effect but be limited to that portion of the liability for which indemnity is not provided by such insurance policy.

Appears in 2 contracts

Samples: Employment Agreement (Unbridled Energy CORP), Employment Agreement (Unbridled Energy CORP)

Insurance Limitation. Notwithstanding the provisions of subsections 1.1 and 1.6subsection 1.7, the Indemnitor shall have no obligation to indemnify or save harmless the Indemnitee in respect of any liability for which the Indemnitee is entitled to indemnity pursuant to any valid and collectible policy of insurance obtained and maintained by the Indemnitor, to the extent of the amounts actually collected by the Indemnitee under such insurance policy. Where partial indemnity is provided by such insurance policy, the obligation of the Indemnitor under subsection 1.1 shall continue in effect but be limited to that portion of the liability for which indemnity is not provided by such insurance policy.

Appears in 2 contracts

Samples: Indemnification Agreement (CRH Medical Corp), Indemnification Agreement (Response Biomedical Corp)

Insurance Limitation. Notwithstanding the provisions of subsections 1.1 and 1.6Section 1.7, the Indemnitor shall will have no obligation to indemnify or save harmless the Indemnitee in respect of any liability for which the Indemnitee is entitled to indemnity pursuant to any valid and collectible policy of insurance obtained and maintained by the Indemnitor, to the extent of the amounts actually collected by the Indemnitee under such insurance policy. Where partial indemnity is provided by such insurance policy, the obligation of the Indemnitor under subsection 1.1 shall Section will continue in effect but be limited to that portion of the liability for which indemnity is not provided by such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Unbridled Energy CORP)

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Insurance Limitation. Notwithstanding the provisions of subsections 1.1 and 1.6Section 1.7, the Indemnitor shall have no obligation to indemnify or save harmless the Indemnitee in respect of any liability for which the Indemnitee is entitled to indemnity pursuant to any valid and collectible policy of insurance obtained and maintained by the Indemnitor, to the extent of the amounts actually collected by the Indemnitee under such insurance policy. Where partial indemnity is provided by such insurance policy, the obligation of the Indemnitor under subsection Section 1.1 shall continue in effect but be limited to that portion of the liability for which indemnity is not provided by such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Unbridled Energy CORP)

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