Promisee definition
Examples of Promisee in a sentence
Promisee" includes any agent, employee, servant or independent contractor who is directly responsible to the promisee.
Promisee" includes that party's independent contractors, agents, employees or indemnitees.
The Promisor will indemnify, defend, and hold harmless the Promisee from claims, actions, liabilities, suits, injuries, demands, obligations, losses, settlements, damages, fines, judgements, costs, and expenses, including professional fees and other miscellaneous fees (collectively referred to as “Claims”) relating to the Activity to the extent that the law allows.
The Guarantor promises not to sell, transfer, or create any obligations, lien, or encumbrances on the assets under Clause 3 throughout the period of time the Guarantor is bound by this Guarantee Agreement, unless a prior written consent is granted by the Promisee.
If the Promisor chooses not to defend the Promisee, the Promisee can take the appropriate measures for defense and reimburse from the Promisor later on.