Special Provisions Relating to Texas Sample Clauses

Special Provisions Relating to Texas. To the extent that a party’s obligation to indemnify the other party (the “indemnitee”) for the indemnitee’s loss or liability for damage is subject to the provisions of the Texas Oilfield Anti-Indemnity Act (Chapter 127, Texas Civil Practice and Remedies Code) (the “Act”), in order to be in compliance with the Act regarding the mutual indemnity obligation for the other party’s sole or concurrent negligence, each party will carry supporting insurance in equal amounts of the types and in the minimum amounts as specified in the insurance requirements herein. The maximum amount of each supporting insurance carried in equal amounts shall be the lower of the maximum amount carried by either party as long as such amount is in excess of the minimum amount specified. The monetary limits of insurance required hereunder shall automatically be amended to conform to the maximum monetary limits permitted under law. To the extent dictated by the Act, either party’s indemnity obligations for the other party’s sole or concurrent negligence shall be limited to the insurance carried by such party pursuant to this Section IV.G.1. Otherwise, a party’s indemnity obligation shall be without limitation. If either party does not carry insurance in the minimum amounts as specified in the insurance requirements in regard to the mutual oilfield indemnity obligations, then it is agreed that the party without such insurance has qualified self-insurance as stated in the Act and the mutual indemnification amount shall be the maximum amount carried by the party with such insurance.
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