Planet Payment Indemnification Clause Samples
The Planet Payment Indemnification clause requires one party, typically Planet Payment, to compensate the other party for losses, damages, or liabilities arising from specific actions or omissions related to payment processing services. This may include covering costs resulting from third-party claims, regulatory fines, or breaches of contract that are directly attributable to Planet Payment's conduct. By allocating financial responsibility for certain risks, this clause protects the indemnified party from potential losses and ensures accountability in the business relationship.
Planet Payment Indemnification. Planet Payment shall be liable to and shall indemnify and hold the Acquirer Indemnified Persons harmless from and against any and all legal liability to a third party, and out of pocket costs and expense (including litigation expenses and reasonable legal fees) to which Acquirer Indemnified Persons are subjected, or which any of them incur in connection with any claims, which arise from or out of or as the result of (i) Planet Payment’s breach of this Agreement, including any breach by any of its Affiliates; (ii) the performance by Planet Payment or by its Affiliates of any of their duties and obligations under this Agreement or (iii) the negligence or willful misconduct of Planet Payment or its Affiliates in the performance of their duties and obligations under this Agreement. Planet Payment’s obligations to Acquirer under this sub-Section shall be reduced only to the extent such legal liability to a third party, and out of pocket costs and expense arise from or out of or as a result of the acts or omissions of Acquirer or an Affiliate of Acquirer. The provisions of this paragraph do not apply to Planet Payment’s indemnification obligations with respect to Infringement Claims, which are addressed in Section 8 above.
Planet Payment Indemnification. Planet Payment shall be liable to and shall indemnify and hold Acquirer, and its employees, representatives, successors and permitted assigns harmless from and against any and all claims, demands by third parties, losses, liability, cost, damage and expense (including litigation expenses and reasonable legal fees) to which Acquirer, and its employees, representatives, successors and permitted assigns may be subjected or which it may incur in connection with any claims which arise from or out of or as the result of (i) Planet Payment’s breach of this Agreement, (ii) the performance by Planet Payment of its duties and obligations under this Agreement or (iii) the gross negligence or willful misconduct of Planet Payment, its officers, employees, agents and affiliates, in the performance of their duties and obligations under this Agreement. Planet Payment shall be released from its obligations under this paragraph (f) to the extent such third party claims, demands, damages, costs, liabilities, losses and expenses result solely from the acts, negligence, gross negligence or intentional misconduct of Acquirer or any Acquirer, or their respective employees, representatives, successors and permitted assigns.