Common use of Limitation of Liability Indemnification and Insurance Clause in Contracts

Limitation of Liability Indemnification and Insurance. 15.01 Indemnification: The TP shall indemnify, save harmless and defend the Az ISA, including each of its directors, officers, employees, trustees, and agents, from and against any and all claims, demands, losses, liabilities, judgments and damages (including, without limitation, any consequential, incidental, direct, indirect, special, exemplary or punitive damages and economic costs) and related costs and expenses (including, without limitation, reasonable attorneys’ and experts’ fees, and disbursements) incurred by the Az ISA which arises out of the TP’s acts or omissions in the performance of this Agreement, except to the extent said damages were the direct result of the Az ISA’s intentional misconduct or gross negligence.