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Indemnity Scheme definition

Indemnity Scheme means the indemnity scheme adopted by Brightwells in respect of our Plant & Machinery and 4x4s, Cars and Vans auctions.
Indemnity Scheme means any scheme in which the Council has negotiated participation so that Members of the Branch upon payment of a relevant subscription or premium can obtain professional risk indemnity;

Examples of Indemnity Scheme in a sentence

  • This procedure is intended to estimate the amount considered to be the liability in respect of any claims outstanding and which will be recoverable from the Clinical Negligence and Other Risks Indemnity Scheme in the event of payment by an individual health body.

  • Costs above this threshold are reimbursed to Boards from a central fund held as part of the Clinical Negligence and Other Risks Indemnity Scheme (CNORIS) by the Scottish Government.

  • Unlike NHS Boards, Dundee City Integration Joint Board does not have any ‘shared risk’ exposure from participation in Clinical Negligence and Other Risks Indemnity Scheme (CNORIS).

  • Unlike NHS Boards, the IJB does not have any “shared risk” exposure from participation in the Clinical Negligence and Other Risks Indemnity Scheme (CNORIS).

  • Where the Party is an NHS organisation and is a member of an NHS Indemnity Scheme, it shall maintain its membership therein or otherwise ensure it has appropriate cover against claims arising as a result of clinical negligence by the Party and/or its Agents brought by or on behalf of the Participants.

  • If all Parties are NHS bodies / NHS Foundation Trusts in England, Wales or Northern Ireland and are indemnified by the same Indemnity Scheme (being one of the NHS Litigation Authority clinical negligence or the Welsh Risk Pool or the Clinical Negligence Fund in Northern Ireland) and the Party incurring any loss can recover such loss under one of the Indemnity Schemes, then such Party shall rely on the cover provided by the Indemnity Scheme and not seek to recover the Loss from the other Party (ies).

  • Where a Party is a non-NHS organisation, or an NHS organisation that is not a member of an NHS Indemnity Scheme, then that Party shall maintain all proper insurance or equivalent indemnity arrangements to cover liabilities arising from its participation in the Study, in respect of any claims brought by or on behalf of a Participant.

  • If: The Parties are members of the same Indemnity Scheme in England, Wales or Northern Ireland and the Party incurring the Loss is not indemnified for that Loss by its Indemnity Schemes; or All Parties are NHS bodies in Scotland; or The Parties are NHS bodies/Foundation Trusts established in different jurisdictions within the United Kingdom; Then the Parties shall apportion such Loss between themselves according to their respective responsibility for such Loss.

  • NHS Dumfries and Galloway and Dumfries and Galloway Council have responsibility for claims in respect of the services that they are statutorily responsible for and that they provide.Unlike NHS Boards, the IJB does not have any ‘shared risk’ exposure from participation in CNORIS (The Clinical Negligence and Other Risks Indemnity Scheme).

  • NHS Indemnity Scheme One of the NHS Litigation Authority Clinical Negligence Scheme for Trusts ("CNST") in England; the Clinical Negligence Fund in Northern Ireland; the Clinical Negligence and other Risks Indemnity Scheme (CNORIS) in Scotland; or the Welsh Risk Pool Service (WRPS) in Wales.

Related to Indemnity Scheme

  • 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.

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

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Amount means $3,000,000.

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

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement, substantially in the form of Exhibit D, among the Borrowers, the Subsidiary Guarantors and the Collateral Agent.

  • Indemnification Cap shall have the meaning set forth in Section 8.4(b).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

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

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

  • Indemnified Matters has the meaning specified therefor in Section 12.15.

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Third Party Liability means both of the following:

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • First party insurance means an insurance policy or contract in which the insurer

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Indemnifiable Liabilities and "Indemnifiable Amounts" shall have the meanings ascribed to those terms in Section 3(a) below.

  • Indemnity Period means the period during which the results of the business are affected resulting from the occurrence beginning with the date of the accident causing injury but not exceeding the maximum indemnity period

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.