Gross Negligence. The indemnity obligation of the Company pursuant to this Section 11.15 shall not apply with respect to an Indemnitee, to the extent arising as a result of the fraud, bad faith, gross negligence or willful misconduct of such Indemnitee, as finally judicially determined by a court of competent jurisdiction, but shall continue to apply to other Indemnitees.
Appears in 4 contracts
Samples: Master Disbursement Agreement (Wynn Las Vegas LLC), Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (World Travel LLC)
