Common use of Responsibility and Liability Clause in Contracts

Responsibility and Liability. The liability of the parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs and expenses as provided in this Agreement, and any liability resulting herefrom. Each party hereto will defend, indemnify, and save harmless the other parties hereto from and against any and all liability, loss, costs, damages, and expenses, including reasonable attorney's fees, caused by or growing out of the gross negligence, willful misconduct, or breach of this Agreement by such indemnifying party.

Appears in 5 contracts

Samples: Operating Agreement (Southwestern Electric Power Co), Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (American Electric Power Co Inc)

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Responsibility and Liability. The liability of the parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs and expenses as provided in this Agreement, and any liability resulting herefromhere from. Each party hereto will defend, indemnify, and save harmless the other parties hereto from and against any and all liability, loss, costs, damages, and expenses, including reasonable attorney's fees, caused by or growing out of the gross negligence, willful misconduct, or breach of this Agreement by such indemnifying party.

Appears in 2 contracts

Samples: System Coordination and Operating Agreement (Wisconsin Power & Light Co), System Coordination and Operating Agreement

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