Catastrophic Losses Sample Clauses

Catastrophic Losses. Any account representing more than 5% of the account manager’s annual revenue quota that goes out of business and/or leaves our market will be removed from the account manager’s goals. The adjust- ment to period and corresponding quarterly goal will take effect on the first day of the following period. The ongoing period goal adjustments will continue for 12 months, based upon the previous 12 months account history each period.

Catastrophic Losses. Notwithstanding Article 11.2, Client shall be responsible for and shall release, defend, indemnify and hold harmless Excellence Logging Group from and against all losses, including those of Third Parties, arising from or relating to the performance of the Agreement in respect of: (i) Any loss or damage to any property and/or injury to or death of any person arising out of blowout, fire, explosion, cratering, seepage or uncontrolled well or pipeline flow of oil, gas or other substance underground or above the surface of earth or water; (ii) Loss or damage to any well or hole, drilling rig, vessel, pipeline or a section of pipeline, platform or storage facility, production facility or facilities owned, controlled or operated by Client Group, including but not limited to escape of any substance therefrom; (iii) The cost of killing or control of a wild well or pipeline, underground or above the surface of earth or water, including the clean-up of debris therefrom or from an ensuing fire and cost of re-drill; (iv) Any damage or destruction of or loss or impairment of any property right in or to oil, gas or other mineral substance or water whilst still in the reservoir, for any loss or damage to any geological formation or reservoir damage or destruction of or loss of hydrocarbons when extracted or the well bore itself; (v) The use of radioactive sources or any contamination resulting therefrom (including retrieval and/or containment, clean up and/or containment of contamination from naturally occurring radioactive materials; irrespective of cause and notwithstanding the negligence, breach of duty (whether statutory or otherwise), gross negligence, violation of Applicable Laws or any other fault of Excellence Logging Group.

Catastrophic Losses. Notwithstanding anything herein to the contrary, Contractor Group shall not be liable for and Company shall release, protect, defend, indemnify and hold harmless Contractor Group from and against any and all Losses resulting from: (i) radioactivity at Company’s worksite, (ii) reservoir or underground damage, including, without limitation, loss of oil, gas, other 5 3510625v1 mineral substances, water, and the wellbore, including the costs for any re-drilling, sidetracking, fishing or re-working, (iii) subsurface trespass or any action in the nature thereof, and (iv) fire, explosion, wild well and/or blowout, including, without limitation, the costs of controlling, cleaning and removal of each of the foregoing uncontrolled well conditions; in each case, REGARDLESS OF FAULT.

Catastrophic Losses. Subject to the terms of Paragraph 4.B. above, ▇▇▇▇ otherwise notwithstanding any other provision of this Contract to the contrary, Petrohawk agrees, to defend, indemnify, and hold harmless Contractor Group from and against any and all claims for personal injury, death, property (whether real or personal, owned or leased) loss and damage resulting from: (i) radioactivity (excluding exposures during transportation to and from the Work site by any member of Contractor Group); (ii) performance of services to control a wild well, including, without limitation, the costs of controlling a wild well; (iii) reservoir or underground damage, including, without limitation, loss of oil, gas, other mineral substances, water, and the well bore; and (iv) subsurface trespass or any action in the nature thereof; except to the extent such injuries, deaths, losses, or damages, are caused by the sole or concurrent negligence or willful misconduct of a member of Contractor Group.

Catastrophic Losses. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, BUYER ▇▇▇▇▇▇ AGREES TO ASSUME THE ENTIRE RESPONSIBILITY AND LIABILITY FOR, AND AGREES TO RELEASE, DEFEND, INDEMNIFY AND HOLD IOC AND ITS AFFILIATES, AND ITS AND THEIR SUBCONTRACTORS AND ITS AND THEIR EMPLOYEES HARMLESS FROM AND AGAINST CLAIMS, LIABILITIES, AND EXPENSES ARISING FROM: (A) LOSS OR DAMAGE (I) TO ANY GEOLOGICAL FORMATION, STRATA, OR OIL OR GAS RESERVOIR OR MINERALS RESOURCE BENEATH THE SURFACE OF THE LAND OR WATER; (II) FOR THE LOSS OF OR DAMAGE TO ANY HOLE(S) OR WELL(S); AND (III) FOR ANY IMPAIRMENT OF ANY PROPERTY RIGHTS OR OTHER INTERESTS IN OR TO ANY OIL, GAS, OR MINERALS RESOURCES RESULTING FROM BLOWOUT, FIRE, CRATERING, OR ANY OTHER CAUSE; (B) POLLUTION OR CONTAMINATION BELOW THE SURFACE OF THE LAND, SEABED, OR WATER, RESULTING FROM BLOWOUT, FIRE, CRATERING, SEEPAGE, OR ANY OTHER UNCONTROLLED FLOW OF OIL, GAS, OR MINERAL OR ANY OTHER SUBSTANCE; (C) PERSONAL INJURY, DEATH, OR PROPERTY INJURY RESULTING FROM A WILD WELL; COST OF CONTROL OF A WILD WELL, UNDERGROUND OR ABOVE THE SURFACE; AND (D) PERSONAL PROPERTY, DEATH, OR PROPERTY INJURY THAT RESULTS FROM POLLUTION OR CONTAMINATION; REGARDLESS OF WHETHER OR NOT THE CLAIMS, LIABILITIES, OR EXPENSES ARE OCCASIONED BY OR RESULT FROM THE ACTUAL OR ALLEGED NEGLIGENCE, STRICT LIABILITY, BREACH OF WARRANTY, BREACH OF CONTRACT, FAULT, OR OTHER WRONGFUL CONDUCT OF ANY ONE OR MORE OF THE IOC OR ITS SUBCONTRACTORS OR ITS OR THEIR EMPLOYEES, OR ANY OTHER PERSON, OR ENTITY, IN WHOLE OR IN PART, WHETHER SOLE, JOINT, ACTIVE, OR PASSIVE, AND EVEN IF BUYER IS WITHOUT ANY LEGAL FAULT OF ANY KIND CAUSING THE ALLEGED CLAIM, LIABILITY OR EXPENSE. THE OBLIGATIONS HEREUNDER SHALL SURVIVE TERMINATION OF THIS AGREEMENT.