mutual indemnity definition

mutual indemnity provision means both parties in a contractual agreement agree to protect the other party against loss or damage.
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mutual indemnity. Each party shall indemnify, defend, protect and hold the other, any partner, co-venturer, co-tenant, officer, director, employee, agent, or representative of the other (collectively, "Affiliates") harmless against and from all claims, damages and liabilities, arising from each party's use and operation of their respective property and/or the conduct of their respective or from any activity, work, or other thing done, permitted or suffered by each of them as to each other in or about the Building, and shall further indemnify and hold each other, any partner, co-venturer, co-tenant, officer, director, employee, agent, or representative of each other harmless against and from any and all claims, damages and liabilities, directly arising from any breach or default in the performance of any obligation on either party's part to be performed under the terms of this Lease, or arising from any act or negligence of either party or any officer, agent, or employee, guest, and from all and against all costs, attorneys' fees, expenses, and liabilities incurred in or about any such claim or any action or proceeding brought thereon, and, in any case, action, or proceeding brought against either specific party by reason of any such claim. Each party as a material part of the consideration to the other under this Lease, hereby assumes all risk of damage to property or injury to persons in, upon or about the Premises, except that neither party shall assume any risk for damage resulting from the gross negligence or willful misconduct of the other party or its authorized representatives.
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mutual indemnity. Each Party (the “Indemnifying Party”) will defend and indemnify the other Party (the “Indemnified Party”) against any claim or action brought by a third party, to the extent such claim or action is based on any allegation which, if proven, would constitute a breach of the warranties contained in Section 4(A).
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Examples of mutual indemnity in a sentence

  • Except in respect of Clause 15.4 (Mutual Indemnity), the maximum liability of each party (including Dell’s suppliers) for all disputes arising under the Agreement is limited to the greater of: (a) USD$50,000 (or the equivalent in local currency); or (b) the amount You paid to Dell for the APEX Service during the 12 months immediately before the events giving rise to any dispute.

  • Mutual Indemnity re: Damages or Breach Arising from Implementation of Agreement.

  • We hold professional indemnity insurance with Bar Mutual Indemnity Fund in respect of all our activities in the UK.

  • If no such sum is stated, the limit of that liability will be the highest limit of cover for such liabilities provided to Counsel by the Bar Mutual Indemnity Fund.

  • The following as stated within the New Hampshire Code of Administrative Rules, Chapter Puc 904.03, Mutual Indemnity Provision will be acknowledged as the Mutual Indemnity Agreement between the Wolfeboro Municipal Electric Department and the eligible Net Metered Customer-Generator.

  • The Parties agree that the Customer has the benefit of the general professional indemnity insurance which the Independent Third Party carries covering the Services, but not the Bar Mutual Indemnity Scheme.

  • ARTICLE XVIII LIABILITIES 47 18.1 Mutual Indemnity and Liability 47 18.2 Waiver of Subrogation and Application of Indemnities 48 18.3 Miscellaneous 49 19.

  • THIRD PARTY INDEMNITY AND LIMITATION ON DAMAGES 23 8.1. Mutual Indemnity 23 8.2. Notice and Opportunity to Participate in Defense 23 8.3. Limitation on Damages 23 9.

  • On being advised of such event, the Authorities may, at their absolute discretion, require the removal of the barrister from the list of Participating Barristers; 7 that the Council’s Representative is advised immediately Xxxxxxxx become aware that any Participating Barrister has failed to pay appropriate insurance premiums so as to be insured with the Bar Mutual Indemnity Fund.

  • Mutual Indemnity Contractor shall defend, indemnify, and hold harmless the County, its employees and agents, from all claims, liabilities, demands, causes of action or judgments, including costs and attorney fees, asserted by or awarded to third parties as a result of any negligent action or omission or willful misconduct of Contractor, its employees or agents.


More Definitions of mutual indemnity

mutual indemnity. Each party will indemnify and hold harmless the other party and its directors, officers, employees, agents and Affiliates against any and all damages, losses, claims, obligations, commitments, costs or expenses (including reasonable attorney’s fees and costs) incurred by such other party that relate to this Agreement and arise out of the death or bodily injury of any person, to the extent such death or bodily injury was caused by the gross negligence or willful misconduct of such party or its employees or agents in the performance of such party’s obligations hereunder, and the damage, loss or destruction of any real or tangible personal property, to the extent that such damage, loss or destruction was caused by the gross negligence or willful misconduct of such party or its employees or agents in the performance of such party’s obligations hereunder; provided, however, that (a) the indemnified party provides prompt written notice of any such claim(s) to the indemnifying party and further provided that the failure to so notify will only relieve the indemnifying party of its obligations under this Section 10 if and to the extent that the indemnifying party is prejudiced thereby; (b) the indemnifying party has sole control of the defense and all related settlement negotiations; and (c) the indemnified 8
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Related to mutual indemnity

  • Environmental Indemnity means that certain Environmental Indemnity Agreement, dated as of the date hereof, executed by Borrower and Borrower Principal in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Environmental Indemnity Agreement means the Environmental Indemnity Agreement dated as of the Closing Date, from Borrower and the Guarantor, collectively, as indemnitor, to Lender, as indemnitee, as the same may be amended, modified or supplemented from time to time.

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • 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.

  • Indemnification Agreement shall have the meaning set forth in Article XVII.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • 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.

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

  • Third Supplemental Indenture has the meaning set forth in the Recitals.

  • First Supplemental Indenture has the meaning specified in the recitals of this Supplemental Indenture.

  • Second Supplemental Indenture has the meaning set forth in the preamble hereto.

  • Omnibus Agreement means that certain Omnibus Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Company and certain other parties thereto, as such may be amended, supplemented or restated from time to time.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • EEA Agreement means the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 as adjusted by the Protocol signed at Brussels on 17th March 1993;

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains provisions that are no less favorable in the aggregate to the Company than those contained in the Confidentiality Agreements; provided, that such agreement and any related agreements shall not include any provision calling for any exclusive right to negotiate with such party or having the effect of prohibiting the Company from satisfying its obligations under this Agreement.

  • Confidentiality Undertaking means a confidentiality undertaking in substantially the appropriate form recommended by the LMA from time to time or in any other form agreed between the Borrowers and the Facility Agent.

  • Standard Amendment Coversheet refers to the form used by the Judicial Council to amend agreements with other parties. Several originally signed, fully executed versions of a Standard Amendment, together with the integrated Contract Documents, shall each represent an Amendment as an individual contract counterpart.

  • Confidentiality Agreements has the meaning set forth in Section 5(d).

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • Existing Confidentiality Agreement shall have the meaning set forth in Section 6.6.

  • Tax Indemnity means the deed of covenant against taxation, in the Agreed Terms, to be entered into on the Closing Date between the Seller and the Purchaser;

  • Letter of Agreement means a written document that informally resolves a

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

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