Indemnity Event definition

Indemnity Event means any event or occurrence arising from or relating to (a) Indemnitee’s position or status as a past or current officer, director, employee, agent or fiduciary of Company or any of its Affiliates, or any predecessor thereof, respectively, or in serving (or having served) at the request of Company (or any predecessor thereof) as an officer, director, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or (b) any act, action or inaction by or on the part of Indemnitee while serving in any such capacity or capacities.

Indemnity Event has the meaning set forth in Section 2(a) of this Agreement.

Indemnity Event means any infringement of any third party’s intellectual property rights arising out of the use of the Software by the Licensee in accordance with the terms of this Licence Agreement;

Examples of Indemnity Event in a sentence

• In a Currency Indemnity Event, the Issuer shall indemnify the recipient against the cost of making any such purchase.

• If that Euro amount is less than Euro amount expressed to be due to the recipient under any Bond (a "Currency Indemnity Event"), the Issuer shall indemnify such recipient against any loss sustained by it as a result.

• The issue of how much a PIP insured should be paid per mile for the use of his or her vehicle and, more specifically, whether the amount that Security National has chosen to pay to its insureds is reasonable within the meaning of F.S. § 627.736 is a factual determination that is appropriate for consideration by a jury just as in any other garden variety PIP lawsuit.

• The Parties acknowledge that: (a) any Damages whatsoever, incurred or suffered by the Company on account of an Indemnity Event, provided that for this purpose, the Indemnified Party need not be named as a party in a Pre-Closing Suit or (b) any reduction in the value of the Company on account of an Indemnity Event; shall be deemed to be the Damages incurred or suffered by the Investors in proportion to their shareholding at the relevant time for the purpose of this Clause.

• Buyer may, but shall not be obligated to, set off against any and all payments due Seller under this Agreement or any other agreement between the parties, any amount to which WCI, Buyer or any other Indemnitee is entitled to be indemnified hereunder with respect to any Indemnity Event.

More Definitions of Indemnity Event

Indemnity Event has the meaning given to it in Clause 12.1;

Indemnity Event shall have the meaning set forth in Section 7.

Indemnity Event means an event which may give rise to an indemnity under Clause 21.1, Clause 21.2 or Clause 21.3;

Indemnity Event means the Seller receiving a Formal Payment Notice from the French tax authorities to pay the FTT in respect of the Acquisition, whether as a result of a failure of the Purchaser to comply with its obligations under paragraph 7.1 or otherwise;

Indemnity Event means any of the following:

Indemnity Event shall have the meaning set forth in clause 14.3.1.

Indemnity Event means (x) the specific item, event, circumstance, failure to act or other situation that gave rise to the claim for indemnity, and (y) the receipt or accrual of the indemnity payment. Once finally determined in accordance with the provisions of this Section 8.07(f), the Tax Adjustments with respect to an Indemnity Event (including all related adjustments made with respect to such event) shall not be redetermined based on the failure of any of the assumptions or projections used in determining such Tax Adjustments actually to come to pass.