INDEMNITY CLAUSE definition

INDEMNITY CLAUSE. The Landlord shall be expressly indemnified by the Member against any loss, damage which is caused by corruption of data or any loss of information from hardware, software, mechanical, Internet damage or any errors by Servcorp Team Members. The member guarantees that it will not use the Virtual Office for any immoral or illegal purposes.
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INDEMNITY CLAUSE. Buyer agrees to indemnify hold harmless auctioneers and their employees, licensees, agents, successors or assigns, against any and all claims, injury, loss, liabilities, lawsuits, damages, demands, action or cause of action whatsoever in any manner arising from this auction or negotiated sale; including costs, expenses, or compensation whatsoever, direct or indirect, know or unknown, foreseen or unforeseen, which the bidder now has or which may arise in the future on the account of or in any way growing out of or connected with any defects, latent or otherwise, or the physical condition of any items or lots purchased or any law or regulation applicable thereto. The indemnity clause applies to the auction and/or a privately negotiated sale, before, during and after, the auction or sale, and shall survive settlement or lack thereof. Auctioneers are not responsible for accidents. Buyers must insure their own liabilities, interests, ect. in all real estate and/or personal property. The buyer also agrees to indemnify and hold harmless auctioneers and their employees, licensees, agents, successors or assigns, against any and all claims, injury, loss, liabilities, lawsuits, damages, demands, action or cause of action whatsoever in any manner, ect., pertaining to hazardous materials, substances, sites and/or conditions, know or unknown, and are strictly and solely the sellers ownership, responsibility and liability.
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Examples of INDEMNITY CLAUSE in a sentence

  • LIMIT OF INDEMNITY CLAUSE — The total liability of Insurers under this Section to pay damages and or claimants costs fees and expenses shall not exceed the sum stated in the Policy Schedule in respect of any one claim or series of claims against the Insured arising out of one Occurrence3.

  • The Insured is indemnified by this Section in accordance with INDEMNITY CLAUSE 2 for Injury and/or Damage occurring during the Period of insurance but only against liability arising out of or in connection with any Product and not against liability arising out of Pollution.

  • SECTION 2D - POLLUTION LIABILITYThe Insured is indemnified by this Section in accordance with INDEMNITY CLAUSE 2 for Injury and/or Damage occurring in its entirety during the Period of insurance and arising out of Pollution but only to the extent that the Insured can demonstrate that such Pollution:1.

  • LESS FAVORABLE ALTERNATIVE CLAUSE IF GROUP DEMANDS MUTUAL INDEMNITY CLAUSE – TRY TO HAVE GROUP “GIVE BACK” ONE OR MORE OF THEIR OTHER REQUESTED VALUABLE CONCESSIONS, SUCH AS A REQUEST FOR RESALE OR REBOOK CREDIT: To the fullest extent permitted by law, Group agrees to protect, indemnify, defend and hold harmless the Hotel, Hilton Worldwide, Inc.

  • EXCEPT IN CONNECTION WITH A CLAIM FOR INDEMNIFICATION PURSUANT TO THE AGREEMENT'S INDEMNITY CLAUSE, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES.

  • BY INITIALING EACH SECTION OF THE ABOVE RULES, YOU AGREE THAT YOUR INITIALS WILL ALSO SERVE AS A WRITTEN SIGNATURE VERIFICATION OF ALL POLICIES, RULES, REGULATIONS, THE INDEMNITY CLAUSE AND THE ABOVE WRITTEN TERMS AND CONDITIONS.

  • AND SARASOTA FRUITVILLE FOUND THAT THE INDEMNITY CLAUSE WAS ILLEGAL, WAS REPUGNANT TO PUBLIC POLICY BECAUSE THERE WAS NO STATUTORY AUTHORITY-- >> AGAIN, YOU'RE GOING IN CIRCLES.

  • HIRER’S INSURANCE – INDEMNITY CLAUSE In accordance with the terms of hiring it is customary to require persons/organisations to accept responsibility for damage to the premises and its equipment and for the Third Party claims involving injury to persons and/or damage to property.

  • GUARANTEE AND INDEMNITY (CLAUSE 18.1) GUARANTEE s7.1 The guarantor unconditionally and irrevocably guarantees payment to GE Capital of the guaranteed money and guarantees to GE Capital the due performance by the company of the company's obligations to GE Capital under the transaction documents as a principal obligation.

  • AS WE DISCUSSED IN THE VERY BEGINNING OF THIS ARGUMENT, THERE ARE, THERE'S AN AFFIDAVIT THAT WAS FILED WITH THE SECOND DCA BELOW THAT SAYS 228 OF THE 233 AGREEMENTS BETWEEN CSX AND THE DEPARTMENT HAVE NO INDEMNITY CLAUSE.

Related to INDEMNITY CLAUSE

  • Deemer clause means a provision under this title under which upon the

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Additional Clauses means the additional Clauses specified in paragraph 2.1 of Annex A to this Contract that were requested in the Order by the CUSTOMER and that shall apply to this Contract.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, sponsors, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, letters, the Debtors’ respective memoranda, articles or certificates of incorporation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, members, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance document, such Loss Payable Clauses to be in the forms set out in paragraph 4 of this Schedule, or such other form as the Bank may from time to time agree in writing;

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Due-on-sale clause The clause in a Security Instrument requiring the payment of the Unpaid Principal Balance of the related Mortgage Loan upon the sale of, or the transfer of an interest in, the related Mortgaged Property.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Environmental Damages means all liabilities (including strict liability), losses, damages (excluding consequential, special, exemplary or punitive damages except to the extent such damages were imposed upon an Indemnitee as a result of any claims made against such Indemnitee by a governmental entity or any other third party), judgments, penalties, fines, costs and expenses (including fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, at law or in equity, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, made, incurred, suffered, brought, or imposed at any time and from time to time, whether before or after the Release Date and arising in whole or in part from:

  • Alternative Clauses means the alternative Clauses specified in paragraph 2.2 of Annex A to this Contract that were requested in the Order by the CUSTOMER and that shall apply to this Contract.

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Cover Damages means, with respect to any Delivery Failure, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 hereof, multiplied by the quantity of that Delivery Failure, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.