Examples of Vendor Indemnitees in a sentence
The Vendor accepts each indemnity in favour of any of the Vendor Indemnitees as agent and trustee of that Vendor Indemnitee and may enforce any such indemnity in favour of that Vendor Indemnitee on behalf of that Vendor Indemnitee.
This indemnity is in lieu of all other obligations of the Owner, expressed or implied, in law or in equity, to indemnify the Vendor Indemnitees (except those other indemnity obligations expressly set forth in this Agreement).
If the Vendor Indemnitee will have reasonably concluded that there may be legal defenses available to it which are different from or additional to, or inconsistent with, those available to the Owner, the Vendor Indemnitee will have the right to select separate counsel reasonably satisfactory to the Owner to participate in the defense of such action on its own behalf at such Vendor Indemnitee's expense.
The Purchaser and the Vendor, on behalf of each of the Purchaser Indemnitees and Vendor Indemnitees, respectively, waives any right to recover incidental, indirect, special, exemplary, punitive or consequential damages, including lost revenues or profits, even if such damages are foreseeable or the damaged Party has advised the other Party of the possibility of such damages and regardless of whether any such damages are deemed to result from the failure or inadequacy of any exclusive or other remedy.
The Purchaser will have no obligation to indemnify the Vendor Indemnitees pursuant to this clause 16(b) until the aggregate amount of all Damages suffered by the Vendor Indemnitees exceeds the Basket, in which case the Purchaser shall be liable to the Vendor Indemnitees for all Damages in excess of, but not including, the Basket.