PRESERVATION OF INDEMNITIES Sample Clauses

PRESERVATION OF INDEMNITIES. (a) Without prejudice to any right to damages or other claim which any Party may, at any time, have against another under this Agreement or under any of the Finance Documents it is hereby agreed and declared that the indemnities in favour of the Finance Parties by the Borrower contained in this Agreement or any of the Finance Documents shall continue in full force and effect notwithstanding any sale or other disposition of the Vessel, Total Loss or any breach of the terms hereof or thereof by the Borrower (including fundamental breach), the lawful repudiation by a Finance Party or the Borrower of this Agreement or any of the Finance Documents or the expiration of the Time Charter or any other Charter (or any renewal of such Time Charter or any other Charter) through effluxion of time or otherwise or the termination of the hire or sale of the Vessel hereunder or any other circumstances whatsoever. (b) If any payment received by a Finance Party in respect of moneys owing or due and payable by the Borrower hereunder shall on the subsequent liquidation or other insolvency of the Borrower be avoided under any laws relating to insolvency or liquidation, such payment shall not be considered as discharging or diminishing the liability of the Borrower under this Agreement and this Agreement shall continue to apply as if such payment had at all times remained owing by the Borrower.
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PRESERVATION OF INDEMNITIES. Without prejudice to damages or other claim which either party may, at any time, have against the other hereunder or under any of the Lease Documents it is hereby agreed and declared that the indemnities given by PPC in favour of the Lessor or any member of the Lessor's Group contained in this Agreement shall continue in full force and effect notwithstanding any sale or other disposition of the Haewene Brim Equipment, a Total Loss having occurred or any breach of the terms hereof or thereof by the Lessor (including fundamental breach), the repudiation by the Lessor or PPC of this Agreement or any of the Lease Documents or the expiration of the Lease Period through effluxion of time or otherwise or the termination of the leasing or sale of the Haewene Brim Equipment hereunder or any other circumstance whatsoever.
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PRESERVATION OF INDEMNITIES. Without prejudice to any right to damages or other claim which any party to this Agreement may, at any time, have against any of the other parties hereunder or under any of the Standby Documents it is hereby agreed and declared that the indemnities given by the Sub-Lessee in favour of the Standby Purchaser contained in this Agreement or any of the Standby Documents to which the Sub-Lessee is a party shall continue in full force and effect notwithstanding any sale or other disposition of the Equipment, a Total Loss having occurred or any breach of the terms hereof or thereof by the Standby Purchaser (including fundamental breach), the repudiation by the Standby Purchaser, the Lessee or the Sub-Lessee of this Agreement or any of the Standby Documents or the expiration of the Standby Lease Period or the termination of the hire or sale of the Equipment hereunder or any other circumstance whatsoever. AS WITNESS this Agreement is executed by the parties hereto on the day and year first above written The "FPSO topsides" are the facilities that perform the oil and gas processing, provide the main utilities required for such processing and the auxiliary system supporting the production. The topsides will perform the above duties whilst some utilities are supplied from the Haewene Brim Hull machinery. The topsides comprise following duties: • Two stage 3 phase Crude oil separation system plus test separator • Gas treatment and 4 stages of compression with dehydration facilities utilising a Tri Ethylene Glycol system (produced gas is being re-injected in the reservoir to stimulate oil recovery and minimise emission) • Produced water will be treated via centrifugal hydro-cyclones, treatment through slop tanks is available for back-up purposes • Power generation • Process supporting utilities including: • a closed loop flare system, which is only ignited when the flare system is activated • open and closed drain systems collecting fluids for recycling and safe disposal overboard within the Montreal Protocol Limitations • a chemical injection package, provided for processing chemicals • Process control system Currently feasibility studies and Front End Engineering Design is being executed to enable the Field Contractor to judge the feasibility of integrating a seawater injection system to the topsides. The existing topsides facilities are pre-assembled skid mounted modules or PAU's which have been installed on supporting stools integrated with the tanker hull structure....
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PRESERVATION OF INDEMNITIES. Without prejudice to damages or other claim which either party may, at any time, have against the other hereunder or under any of the Lease Documents it is hereby agreed and declared that the indemnities given by the Lessee in favour of the Lessor or any member of the Lessor's Group contained in this Agreement shall continue in full force and effect notwithstanding any sale or other disposition of the Vessel, a Total Loss having occurred or any breach of the terms hereof or thereof by the Lessor (including fundamental breach), the repudiation by the Lessor or the Lessee of this Agreement or any of the Lease Documents or the expiration of the Lease Period through effluxion of time or otherwise or the termination of the leasing or sale of the Vessel hereunder or any other circumstance whatsoever.
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PRESERVATION OF INDEMNITIES. 92 27.ASSIGNMENT . . . . . . . . . . . . . . . . . . . . . . .
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PRESERVATION OF INDEMNITIES. The indemnities contained in this Pledge shall constitute a separate and independent obligation from the other obligations contained in this Pledge, shall give rise to a separate and independent cause of action, shall apply irrespective of any time or indulgence granted by the Pledgee and/or any Lender Party from time to time and shall continue in full force and effect notwithstanding the termination or expiry of this Pledge.
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Related to PRESERVATION OF INDEMNITIES

  • Operation of Indemnities (a) Each indemnity in this document survives the expiry or termination of this document. (b) A party may recover a payment under an indemnity in this document before it makes the payment in respect of which the indemnity is given.

  • Limitation of Indemnity 3.1 Subject to Clause 31.9, an indemnity by either Party under any provision of this Agreement will be without limitation to any indemnity by that Party under any other provision of this Agreement.

  • Authorization of Indemnification Any indemnification under this Article VII (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the director or officer is proper in the circumstances because such person has met the applicable standard of conduct set forth in Section 7.1 or Section 7.2, as the case may be. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (i) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (ii) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion or (iv) by the stockholders. Such determination shall be made, with respect to former directors and officers, by any person or persons having the authority to act on the matter on behalf of the Corporation. To the extent, however, that a present or former director or officer of the Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding set forth in Section 7.1 or Section 7.2 or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection therewith, without the necessity of authorization in the specific case.

  • Limitation of Indemnification Notwithstanding any other terms of this Agreement, nothing herein shall indemnify the Indemnitee against, or exempt the Indemnitee from, any liability in respect of the Indemnitee’s fraud or dishonesty.

  • Continuation of Indemnity All agreements and obligations of the Corporation contained herein shall continue during the period Agent is a director, officer, employee or other agent of the Corporation (or is or was serving at the request of the Corporation as a director, officer, employee or other agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise) and shall continue thereafter so long as Agent shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by reason of the fact that Agent was serving in the capacity referred to herein.

  • Termination of Indemnification The obligations to indemnify and hold harmless any party, (i) pursuant to Section 8.01(a)(i) or 8.02(i), shall terminate when the applicable representation or warranty terminates pursuant to Section 8.06 and (ii) pursuant to the other clauses of Sections 8.01 and 8.02 shall survive the Closing indefinitely; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 8.05 to the party to be providing the indemnification.

  • Survival of Indemnities All indemnities and other provisions relative to reimbursement to the Lenders of amounts sufficient to protect the yield of the Lenders with respect to the Loans and Letters of Credit, including, but not limited to, Sections 8.1, 8.4, 10.4 and 10.13 hereof, shall survive the termination of this Agreement and the other Loan Documents and the payment of the Obligations.

  • Continuation of Indemnification All agreements and obligations of the Company contained herein shall continue during the period that the Indemnitee is a director or officer of the Company (or is or was serving at the request of the Company as an agent of another enterprise, foreign or domestic) and shall continue thereafter so long as the Indemnitee shall be subject to any possible Proceeding by reason of the fact that the Indemnitee was a director or officer of the Company or serving in any other capacity referred to in this Paragraph 10.

  • Exclusion of Indemnification Notwithstanding any provision to the contrary contained herein, there shall be no right to indemnification for any liability arising by reason of the Agent’s Disqualifying Conduct. In respect of any claim, issue or matter as to which that Person shall have been adjudged to be liable in the performance of that Person’s duty to the Trust or the Shareholders, indemnification shall be made only to the extent that the court in which that action was brought shall determine, upon application or otherwise, that in view of all the circumstances of the case, that Person was not liable by reason of that Person’s Disqualifying Conduct.

  • Confirmation and Preservation of Indenture The Indenture as supplemented by this Supplemental Indenture is in all respects confirmed and preserved.

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