Claims definition
Examples of Claims in a sentence
It is the express intention of Borrower that the indemnity provided for herein includes the agreement by Borrower to indemnify the Indemnitees from the consequences of such Indemnitees’ own simple negligence, whether that negligence is the sole or concurring cause of the Claims, and to further indemnify such Indemnitees with respect to Claims for which the Indemnitees are strictly liable.
OEM shall also indemnify, hold harmless and, at Distributor’s request, defend each Indemnified Party from and against any and all Claims or threat thereof that any Goods (including any part thereof), or Indemnified Party’s marketing, sale, distribution, maintenance, repair, operation, use or possession of any Goods, infringes or misappropriates, violates or conflicts with any patent, copyright, trade secret or other intellectual property right of any third party.
In Collateral Agent’s discretion, it may reserve for any Claims made against an Administrative Agent Indemnitee or Collateral Agent Indemnitee, and may satisfy any judgment, order or settlement relating thereto, from proceeds of Collateral prior to making any distribution of Collateral proceeds to Lenders.
Nothing contained in this Settlement Agreement shall be taken or construed to be an admission by any of the Parties of any of the Claims asserted by either Party.
The retiring Administrative Agent shall be discharged from its duties hereunder on the effective date of its resignation, but shall continue to have all rights and protections available to Administrative Agent under the Loan Documents with respect to actions, omissions, circumstances or Claims relating to or arising while it was acting or transferring responsibilities as Administrative Agent, including indemnification under Sections 12.6 and 14.2, and all rights and protections under this Section 12.