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 (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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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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Examples of Mutual Indemnity in a sentence

  • If no such sum is stated, the limit of that liability will be £100,000, being the highest limit of cover for such liabilities provided to Barristers by the Bar Mutual Indemnity Fund.

  • No liability for income tax has been provided for The Law Society of New South Wales and the Solicitors’ Mutual Indemnity Fund as they are exempt from the payment of income tax.

  • 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.

  • Under normal operating conditions the claims from the WA are taken at face value by the WP.

  • No payments of the principal shall be required for a period of five years after the date of the Promissory Note.

  • Bar Mutual Indemnity Fund Limited (‘the Company’) is a company limited by guarantee regulated by the Prudential Regulation Authority (“PRA”) and the Financial Conduct Authority (“FCA”).

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

  • The Vermont Department of Financial Regulation, acting as rehabilitator, converted the former Granite Manufacturers’ Mutual Indemnity Company (“GMMIC”) to a stock company and on December 12, 2011, the Company purchased GMMIC.

  • Relationship (linear correlation) between methylation per- centages (%mC) and (A) stem biomass, (B) height and (C) F1 axis of PCA, measured on the apex of six poplar genotypes in well-watered condition.‌ fine physiological differences, not easily revealed in short term experiments.

  • The province’s governor even said that her province mates are “a bunch of remittance addicts” (Edwards 2015).City’s land transport terminal, and 44.7 km distant to a seaport (found in the Municipality of Currimao).


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 Guarantor 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 date of this Agreement executed by Borrower for the benefit of the Indemnified Parties and such other parties as are identified in such agreement with respect to the Premises, as the same may be amended from time to time.

  • Indemnification Agreements shall have the meaning set forth in Section 6.01(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.

  • Mutual aid agreement means an agreement between the City and a town or other city for the City’s fire department to provide assistance to the fire department of a town or other city.

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

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • 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.

  • Mutual Agreement is defined to mean an agreement between the Union and the Employer.

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

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

  • Second Supplemental Indenture has the meaning provided in the Preamble.

  • Admission Agreement An admission agreement in the form available on the Civil Service Pensions website immediately prior to the Relevant Transfer Date to be entered into by the Supplier where it agrees to participate in the Schemes in respect of the Services;

  • 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 an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • 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.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains terms that are no less favorable in the aggregate to the Company, than those contained in the Confidentiality Agreement; 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 substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • Confidentiality Agreements shall have the meaning set forth in Section 6.7 hereof.

  • 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 has the meaning set forth in Section 4.01.

  • 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;