Derivative parties definition

Derivative parties means a party’s subcontractors, agents, employees, or other persons for which the party may be liable or responsible as a result of any statutory, tort, or contractual duty.

Derivative parties means any of FIRM’s consultants, subcontractors, agents, employees, or other persons or entities for which FIRM may be liable or responsible as a result of any statutory, tort, or contractual duty.

Derivative parties means, with respect to a party, any of that party's subcontractors, agents, employees, or other persons or entities for which the party may be liable or responsible as a result of any statutory, tort, or contractual duty.

Examples of Derivative parties in a sentence

• The Contractor shall defend, indemnify, and hold harmless Indemnitees from and against all Charges that arise in any manner from, in connection with, or out of this contract as a result of acts or omissions of the Contractor or its Derivative Parties.

• Nothing in this contract requires the Contractor to indemnify or hold harmless Indemnitees or any other person or entity against losses, damages, or expenses unless the fault of the Contractor or its Derivative Parties is a proximate cause of the loss, damage, or expense indemnified.

• To the fullest extent permitted by Laws and Regulations, FIRM shall indemnify and hold harmless the TOWN, its officers and employees, from and against all claims, costs, civil penalties, fines, losses, and damages (including but not limited to professionals' fees and charges and all court or other dispute resolution costs) (collectively, “Losses”), if the Fault of FIRM or its Derivative Parties is a proximate cause of the Losses.

More Definitions of Derivative parties

Derivative parties means, with respect to a party, any of that party's subcontractors, agents, employees, or other persons or entities for which the party may be liable or responsible as a result of any statutory, tort, or contractual duty.