Arbitrations. If multiple claims are brought against any Indemnitee or the Company in an arbitration, with respect to at least one of which indemnification is permitted under applicable law and provided for under this agreement, the parties agree that any arbitration award shall be conclusively deemed to be based on claims as to which indemnification is permitted and provided for, except to the extent the arbitration award expressly states that the award, or any portion thereof, is based solely on a claim as to which indemnification is not available.
Appears in 2 contracts
Sources: Underwriting Agreement (Urstadt Biddle Properties Inc), Underwriting Agreement (Urstadt Biddle Properties Inc)
Arbitrations. If multiple claims Claims are brought against any Indemnitee or the ------------ Company in an arbitration, with respect to at least one of which indemnification is permitted under applicable law and provided for under this agreement, the parties agree that any arbitration award shall be conclusively deemed to be based on claims Claims as to which indemnification is permitted and provided for, except to the extent the arbitration award expressly states that the award, or any portion thereof, is based solely on a claim Claim as to which indemnification is not available.
Appears in 1 contract
Sources: Underwriting Agreement (Sizeler Property Investors Inc)