ALPS Sample Clauses
The ALPS (Aggregate Limit of Professional Services) clause sets a maximum cap on the total liability or coverage available for professional services under an agreement. In practice, this means that regardless of the number of claims or incidents that arise during the contract term, the service provider’s total financial responsibility cannot exceed the specified aggregate limit. This clause is commonly used in professional services contracts, such as those involving consultants, architects, or engineers, to manage and predict potential exposure. Its core function is to allocate and limit risk, providing both parties with certainty regarding the maximum potential liability.
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ALPS. ALPS shall indemnify and hold harmless the Trust Entity, and each of the Trust Entity’s divisions, subsidiaries, directors, officers, agents, employees and assigns of each of the foregoing (collectively, “Indemnified Trust Entity Parties”), against and from any and all demands, damages, liabilities, and losses, or any pending or completed actions, claims, suits, complaints, proceedings, or investigations (including reasonable attorneys fees and other costs, including all expenses of litigation or arbitration, judgments, fines or amounts paid in any settlement consented to by ALPS) to which any of them may be or become subject to as a result or arising out of (a) any negligent act or omission by the Funds or its Agents relating to Fund/SERV provided the Trust Entity has not acted negligently; (b) any breach of the Fund’s representations or warranties contained in this Agreement; or (c) ALPS’ failure to comply with any of the terms of this Agreement.
ALPS. AIW▇ ▇▇rees to assist Ecr▇▇ ▇▇ establishing a relationship with ALPS directly from Ecrix (or its supplier) and ALPS.