Breaching Parties definition
Examples of Breaching Parties in a sentence
In this case, any of other non- Breaching Parties (hereinafter referred to as the “Non-Defaulting Parties”) shall have rights to ask the Defaulting Party to take corrective or remedial actions within a reasonable deadline.
In the event of a default by any party which results in the filing of a lawsuit for damages, specific performances, or other remedies, any Non-Breaching Parties shall be entitled to reimbursement by any Breaching Parties of reasonable legal fees and expenses incurred by such Non-Breaching Party.
The amount of expenses, losses, liabilities, damages and reasonable expenditures caused by default of one Party to another Party (referred to as the “Amount of loss”) shall be identified according to the enforceable legal documents including judgment, arbitration award, verdict, ruling and decision of punishment relating to the default activities of the Breaching Parties issued by competent court, arbitration authority, other dispute resolution organizations or governmental authorities.
If any such action is brought by any party to enforce this Agreement, any Breaching Parties shall waive the defense that there is an adequate remedy at law.
The Parties (“Breaching Parties”) shall indemnify and hold (“Indemnified Parties”) harmless from and against any loss, liability, damage or expense (including attorneys’ fees), whether or not suit is brought, incurred by the Indemnified Parties as a result of breach or failure to abide by the terms of this Agreement by any of the Breaching Parties.
The Breaching Parties shall indemnify the Indemnified Parties from and against any loss, liability, damage or expense (including attorneys’ fees) for actions based upon or arising out of breach of the Services under this Agreement, except for such losses, liability, damage or expense caused by the breach of contract, negligent action or misconduct of the Indemnified Parties, its employees, representatives or third parties under the Indemnified Parties’ direction or control.
To the extent that an Event of Default as described in clause 8.2 is due to a breach by an Ausco Shareholder (Breaching Party) of its obligations under this agreement and the Ausco Constitution, then the Breaching Party or the Breaching Parties, as the case may be, agree to indemnify the non breaching Ausco Shareholders for any losses, expenses or liabilities sustained or incurred by the non breaching Ausco Shareholders as a result of the occurrence of that Event of Default.
The Breaching Parties shall indemnify the Indemnified Parties from and against any loss, liability, damage or expense (including attorneys’ fees) for any Social Security, Medicare, other employment, unemployment, income or other taxes and worker’s compensation insurance premiums incurred by the Indemnified Parties in connection with the payment for or the performance of the Services under this Agreement.
For the avoidance of doubt, the Non- Breaching Parties shall remain parties to the Agreement and continue to be bound by the terms of this Agreement.
Breaching Parties has the meaning set forth in Section 10.2. Note has the meaning set forth in the preface, as represented by substantially the same form of Note as that attached hereto in Exhibit D.