Indemnification definition

Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.
Indemnification means the indemnity payable under Clause IV of this Agreement.
Indemnification means Employer’s payment of a judgment or legal obligation that member incurred as a result of member’s duties for Employer.

Examples of Indemnification in a sentence

  • Indemnification for OSS shall also include any necessary and reasonable labor expenses incurred by AT&T related to such inaccurate or improper use of OSS.

  • Any modification to, or substitute for, any allegedly infringing Material will be subject to all of the terms and conditions of this Subcontract, including, without limitation, the indemnification provisions in this Intellectual Property Indemnification clause.

  • Indemnification terms are found in G-40(G) of the Specifications.

  • Hold Harmless, Indemnification & Release SUBRECIPIENT shall hold harmless, defend and indemnify the CITY from any and all claims, actions, suits, charges and judgments whatsoever that arise out of SUBRECIPIENT’s performance or nonperformance of the services or subject matter called for in this Agreement.

  • If You have a legal dispute with us or if You wish to provide a notice under the Indemnification Section of this Agreement, or if You become subject to insolvency or other similar legal proceedings, You will promptly send written notice to: Oracle Systems Limited, P.O. Box 500099, Dubai Internet City, Bldg#6, Dubai, United Arab Emirates, Attention to: General Counsel, Legal Department.


More Definitions of Indemnification

Indemnification shall survive the termination or expiration of this Agreement.
Indemnification means indemnification of an owner or operator for the amount of judgment entered against the owner or operator in a court of law, for the amount of any final order or determination made against the owner or operator by any agency of State government or any subdivision thereof, or for the amount of any settlement entered into by the owner or operator, if the judgment, order, determination, or settlement arises out of bodily injury or property damage suffered as a result of a release of petroleum from an underground storage tank owned or operated by the owner or operator [415 ILCS 5/57.2].
Indemnification means indemnification of an owner or operator for a legally enforceable judgment entered against the owner or operator by a third party, or a legally enforceable settlement entered between the owner or operator and a third party, compensating that third party for bodily injury or property damage, or both, caused by an accidental release as those terms are defined in R 29.2163 of the Michigan Administrative Code.
Indemnification and "Indemnity" have correlating meanings.
Indemnification means in the event of a breach of this Section by the Contractor, the Contractor shall indemnify and hold harmless the State of Wisconsin and any of its officers, employees, or agents from any claims arising from the acts or omissions of the Contractor, and its Sub-contractors, employees and agents, in violation of this Section. This includes, but is not limited to, costs of monitoring the credit of all persons whose Confidential Information was disclosed, disallowances or penalties from Federal oversight agencies, and any court costs, expenses, and reasonable attorney fees, incurred by the State in the enforcement of this Section.
Indemnification means the defence and settlement of actions, proceedings or prosecutions against Employees (including payment of any legal costs, damages or other monies payable by Employees in respect of such actions, proceedings or prosecutions) arising out of acts performed or not performed by them at any time in the course of and within the scope of their employment and duties in the public service.
Indemnification shall have the meaning as used in Section 5.7 hereof.