Examples of Party Indemnitees in a sentence
Step 4: If the problem is still not resolved to the employee’s satisfaction, the employee may appeal the Step 3 response to the Chief Executive Officer within five (5) business days of receipt of the Step 3 response.
Without in any way limiting or reducing the obligations of the Indemnifying Party, Indemnitees may elect to defend (by their own counsel), compromise and/or satisfy any Asserted Liability.
The foregoing indemnification obligation does not apply to Losses to the extent resulting from or arising out of: (i) the negligence, recklessness, or willful misconduct on the part of any of the Other Party Indemnitees; (ii) the failure by the other Party to comply with applicable laws; or (iii) any breach of this Agreement by the other Party.
In such circumstances, the City Parties and City Party Indemnitees shall (i) at no cost or expense to City Parties and/or City Party Indemnitees, cooperate with Owner and provide Owner with such information and assistance as Owner shall reasonably request in connection with such Action or Proceeding or claim, and (ii) at its own expense, have the right to participate and be represented by counsel of its own choice in any such action or with respect to any such claim.
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The provisions of Sections 19.7, 19.8 and 19.9 are solely for the benefit of the City Parties, City Party Indemnitees, Owner, and Owner’s Related Parties and are not intended to create or grant any rights, contractual or otherwise, to any other person.
City Parties shall, reasonably promptly after the receipt of written Notice of any Action or Proceeding or claim against City Parties or City Party Indemnitees in respect of which indemnification may be sought pursuant to Section 19.7, notify Owner in writing of such Action or Proceeding or claim.
All reasonable costs and expenses incurred by TEPPCO with respect to the performance or enforcement of the above-described TEPPCO Assets and rights thereto shall be paid or reimbursed by Newco, and Newco shall indemnify TEPPCO and its Party Indemnitees from any and all Losses that may arise or be incurred as a result of TEPPCO's undertaking the foregoing actions.
The provisions of Section 4.04 of this Agreement shall, to the maximum extent permitted by applicable Law, be the sole and exclusive remedies of the Other Party Indemnitees and the Provider Indemnified Parties, as applicable, for any claim, loss, damage, expense or liability, whether arising from statute, principle of common or civil law, principles of strict liability, tort, contract or otherwise under this Agreement.
Once the Sellers’ Representative has initiated such a claim for indemnity, the Sellers’ Representative may enforce, prosecute and settle such claim without further directions from the Selling Party Indemnitees, and all acts and decisions of the Sellers’ Representative in connection with such matter shall be binding on all the Selling Party Indemnitees.