lndemnification Sample Clauses
The indemnification clause requires one party to compensate the other for certain losses, damages, or liabilities that may arise in connection with the agreement. Typically, this clause specifies the types of claims covered, such as third-party lawsuits or damages resulting from a party's negligence or breach of contract, and outlines the process for making indemnity claims. Its core practical function is to allocate risk between the parties, ensuring that the party responsible for causing harm bears the financial consequences, thereby protecting the other party from unexpected costs.
lndemnification. The Company shall indemnify, defend and hold the Paying Agent and its directors, officers, employees and agents (collectively with the Paying Agent, the “Indemnitees”) harmless from and against every loss, liability or expense, including without limitation damages, fines, suits, actions, demands, penalties, costs, out-of-pocket expenses, and reasonable legal fees and expenses, (collectively, “Losses”), that may be imposed on, incurred by, or asserted against, any lndemnitee for or in respect of its (1) execution and delivery of this Agreement (2) compliance or attempted compliance with or reliance upon any instruction or other direction upon which the Paying Agent is authorized to rely pursuant to the terms of this Agreement and (3) performance under this Agreement, except in the case of such performance only and with respect to any Indemnitee to the extent that the Loss resulted from such Indemnitee’s gross negligence or willful misconduct. The provisions of this Section 7 shall survive the resignation or removal of the Paying Agent and the termination of this Agreement for any reason.
lndemnification. To the fullest extent permitted by Applicable Law, Tenant hereby agrees to defend, indemnify, protect and hold harmless Landlord and Landlord’s Agents and any successors to all or any portion of Landlord’s interest in the Premises and their directors, officers, partners, managers, members, employees, authorized agents, representatives, affiliates and Mortgagees (collectively, the "Landlord Parties"), from and against any and all damage, loss, claim, liability and expense, including, but not limited to, actual attorneys’ fees and legal costs, incurred directly or indirectly by reason of any claim, suit or judgment brought by or on behalf of (i) any person or persons for damage, loss or expense due to, but not limited to, personal or bodily injury or property damage sustained by such person or persons which arise out of, are occasioned by, or are in any way attributable to the use or occupancy of the Premises or the acts or omissions of the Tenant or Tenant’s Agents in or about the Premises or the Project (including, but not limited to, any Event of Default hereunder), or (ii) Tenant or Tenant’s Agents for damage, loss or expense due to, but not limited to, personal or bodily injury or property damage which arise out of, are occasioned by, or are in any way attributable to the use of any of the Common Area, except to the extent caused by the sole gross negligence or willful misconduct of Landlord.
lndemnification. 3.1 The Seller hereby indemnifies Purchaser for any loss, cost, expense or other damage suffered by Purchaser resulting from, arising out of, or incurred with respect to the falsity or the breach of any representation, warranty or covenant made in the instant Agreement herein.
3.2 The Purchaser hereby indemnifies Seller for any loss, cost, expense or other damage suffered by Seller resulting from, arising out of, or incurred with respect to the falsity or the breach of any representation, warranty or covenant made in the instant Agreement herein.
lndemnification. Lessee shall indemnify, protect, defend and hold Lessor, its agents, employees, lenders and ground lessor, if any, and the Premises, harmless from and against any and all loss of rents and/or damages, liabilities, judgments, costs, claims, liens, expenses, penalties, permits and attorney's and consultants fees arising out of or involving any Hazardous Substance or storage tank brought onto the Premises by or for Lessee or under Lessee's control. Lessee's obligations under this Paragraph 6 shall include, but not be limited to, the effects of any contamination or injury to person, property or the environment created or suffered by Lessee, and the cost of investigation (including consultant's and attorney's fees and testing), removal, remediation, restoration and/or abatement thereof, or of any contamination therein involved, and shall survive the expiration or earlier termination of this Lease. No termination, cancellation or release agreement entered into by Lessor and Lessee shall release Lessee from its obligations under this Lease with respect to Hazardous Substances or storage tanks, unless specifically so agreed by Lessor in writing at the time of such agreement.
lndemnification. In addition to any rights to indemnification to which Officer is entitled under the Company's Articles of Incorporation and By-Laws or under the agreement between Company and Officer attached hereto as Exhibit 2, Company shall indemnify Officer at all times during and after the Term of the Agreement to the maximum extent permitted under applicable law of the State of Illinois or any successor provision thereof and any other applicable state law, and shall pay Officer's expenses in defending any civil or criminal action, suit, or proceeding in advance of the final disposition of such action, suit, or proceeding, to the maximum extent permitted under such applicable state laws.
lndemnification. The StretchFit equipment owner shall indemnify, defend at StretchFit Pty Ltd’s re- quest, and hold harmless StretchFit Pty Ltd and its subsidiaries and affiliated entities, and each of their respective officers, affiliates, directors, agents, and employees (collectively, a “StretchFit Party”) from and against any and all actions, claims, liabilities, judgments, settlements, losses, damages, expenses, and costs (including court costs and attorneys’ fees), arising from or related to any third-party claim, suit, or proceeding brought against any StretchFit Party which arises from or is related to: (a) StretchFit equip- ment owners breach of any of its obligations described herein; (b) infringement or misappropriation by StretchFit equipment owner of any intellectual property, personal or proprietary right of StretchFit Pty
lndemnification. Distributor shall indemnify. defend, and hold EcoLogic and its members, officers, directors, agents and employees harmless against any and all claims, demand, losses and suits. Including reasonable attorney·s fees, which EcoLogic and its members, officers, director. agents and employees may incur resulting from any act or omission of any kind by Distributor or Distributor’s agents. employees, officers. and directors arising from or related In any way to Distributor’s activities in the course of performance of the services to be provided under this Agreement or from Distributor’s breach of any provision of this Agreement. Distributor shall also be solely responsible and liable for the hiring, compensation. termination, payment of all wages, commissions, bonuses. unemployment taxes, withholding taxes, Medicare, social security and any other state or federal expenses for maintaining any of Its employees, or Independent Distributors, and Distributor shall Indemnify and hold EcoLogic harmless from and agent any injuries, claims, actions or proceedings arising from the employment relationship of such employees or Distributor’s contract with independent Distributors.
lndemnification. I TI1e Division will continue to participate in the Manitoba Schools Insurance Program, which program has a level of protection of thirty miJlion dollars ($30,000,000.00) for any one occurrence. Such program is designed to protect employees who are found to be liable due to negligence provided the employee was operating within the scope of her duties. In the event that the employees· interests are not that of the employer, tben the employee may have the right to independent legal defense under the coverage provided by the policy. rt is w1derstood that any insurance coverage afforded to employees is subject to the terms of the policy and not the provisions ofthis agreement. Signed this -'--/)>-#"'7 l\d , of
lndemnification. The Lender specifically acknowledges that the Corporation will be making representations and warranties regarding the Eligible Loans to be Financed as part of the proposed public offering of Obligations of the Corporation (including without limitation Obligations to be issued under the Indenture) based in part on the accuracy of the Lender's representations and warranties in this Agreement. The Lender agrees to indemnify and save the Trustee and the Corporation, the nonprofit corporation formerly known as Student Loan Finance Corporation and the underwriters or dealers for said obligations harmless of, from and against any and all loss, cost, damage or expense, including reasonable attorneys' fees, incurred by reason of any breach of the Lender's warranties or representations hereunder or any false or misleading representations of the Lender or any failure to disclose any matter which makes the warranties and representations herein misleading or any inaccuracy in any information furnished by the Lender in connection herewith.
lndemnification. The Lender specifically acknowledges that the Corporation will be making representations and warranties regarding the Eligible Loans to be Financed as part of the proposed offering of Obligations of the Corporation (including without limitation Obligations to be issued under the Indenture) based in part on the accuracy of the Lender's representations and warranties in this Agreement. The Lender agrees to indemnify and save the Trustee and the Corporation harmless of, from and against any and all loss, cost, damage or expense, including reasonable attorneys' fees, incurred by reason of any breach of the Lender's warranties or representations hereunder or any false or misleading representations of the Lender or any failure to disclose any matter which makes the warranties and representations herein misleading or any inaccuracy in any information furnished by the Lender in connection herewith.