Project Co Indemnities Sample Clauses
The 'Project Co Indemnities' clause requires the project company (Project Co) to compensate or reimburse the other party for losses, damages, or liabilities arising from specific events or actions related to the project. Typically, this clause applies to situations where Project Co’s negligence, breach of contract, or failure to comply with laws causes harm to the client or third parties. By clearly allocating responsibility for certain risks and financial consequences, this clause ensures that the client is protected from losses that are within Project Co’s control, thereby promoting accountability and risk management.
Project Co Indemnities. Project Co shall indemnify and keep indemnified in full the Authority and, at the Authority's request, each and every service provider who has or shall provide any service equivalent to any of the Services against:
Project Co Indemnities. Project Co shall indemnify and keep indemnified in full the Authority and, at the Authority’s request, each and every service provider who has or shall provide any service equivalent to any of the Services against: claims in respect of all emoluments and all other contractual or statutory payments unpaid by Project Co or a Service Provider to any person entitled to such payments from Project Co or a Service Provider who is or has been employed or engaged by Project Co or any Service Provider in connection with the provision of any of the Services which relate to any period of employment or engagement with Project Co or any Service Provider on or after the Relevant Service Transfer Date but on or prior to the date of expiry or termination of this Agreement, and all income tax and pension and national insurance contributions payable thereon; and insofar as Clause 1.1.1 does not apply, all Direct Losses incurred by the Authority as a result of any claim against the Authority in respect of any liability to any person who is or has been employed or engaged (whether as a consequence of the Transfer Regulations or of the provisions of this Clause 25 (TUPE and Employment Matters)) by Project Co or any Service Provider in connection with the provision of any of the Services, where such claim arises as a result of any act or omission of Project Co or the Service Provider occurring after the Relevant Service Transfer Date and on or before the expiry or termination of this Agreement; BUT the indemnities in Clauses 25.31 and 1.1.2 shall not apply: in respect of any sum for which the Authority is obliged to indemnify Project Co or a relevant Service Provider pursuant to Clause 25.20 or 25.21 or as a result of any adjustment to the Annual Service Payments in accordance with Clause 25.12; or to the extent that the claim arises from a wrongful act or omission of the Authority. Clause 49.3 (Conduct of Claims) of this Agreement shall apply where any claim is made in respect of the indemnities given by Project Co under Clause 25.31 . On the expiry or earlier termination of this Agreement, the Authority and Project Co agree that it is their intention that the Transfer Regulations shall apply in respect of the provision thereafter of any service equivalent to a Service but the position shall be determined in accordance with the Law at the date of expiry or termination as the case may be and this Clause is without prejudice to such determination. Project Co shall not, and shall ...