Common use of Limitations on Indemnification Obligation Clause in Contracts

Limitations on Indemnification Obligation. Neither Heron nor GFE shall be required to indemnify the other for any direct claim by the other that it has suffered consequential damages or lost profits; nor shall the requirement to indemnify extend to consequential damages or lost profits claimed by a third party and which — but for this Section 6(c) — would be included in the indemnification obligations listed at Sections 6(a) and 6(b) above.

Appears in 2 contracts

Samples: Management Services Agreement (Heron Lake BioEnergy, LLC), Management Services Agreement (Granite Falls Energy, LLC)

AutoNDA by SimpleDocs

Limitations on Indemnification Obligation. Neither Heron nor GFE shall be required to indemnify the other for any direct claim by the other that it has suffered consequential damages or lost profits; nor shall the requirement to indemnify extend to consequential damages or lost profits claimed by a third party and which but for this Section 6(c) would be included in the indemnification obligations listed at Sections 6(a) and 6(b) above.

Appears in 1 contract

Samples: Management Services Agreement (Granite Falls Energy, LLC)

AutoNDA by SimpleDocs

Limitations on Indemnification Obligation. Neither Heron nor GFE shall be required to indemnify the other for any direct claim by the other that it has suffered consequential damages or lost profits; nor shall the requirement to indemnify extend to consequential damages or lost profits claimed by a third party and which — but for this Section 6(c) — would be included in the indemnification obligations listed at Sections 6(a) and 6(b) above.. ​

Appears in 1 contract

Samples: Management Services Agreement (Heron Lake BioEnergy, LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!