Indemnified Person Clause Samples
The "Indemnified Person" clause defines who is protected under an indemnity provision in a contract. Typically, this refers to a party—such as an employee, officer, director, or the contracting company itself—who may be shielded from losses, damages, or legal claims arising from specific actions or events related to the agreement. For example, if a third party sues due to something connected to the contract, the indemnified person would be entitled to compensation or defense from the indemnifying party. This clause is essential for allocating risk and ensuring that certain individuals or entities are not personally liable for claims that should be covered by the other party.
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Indemnified Person. If an Indemnified Person is entitled to indemnification under this Section 14 as a result of a claim by a third party, and the indemnifying Interconnection Party fails, after notice and reasonable opportunity to proceed under Section 14.2 of this Appendix 2, to assume the defense of such claim, such Indemnified Person may at the expense of the indemnifying Interconnection Party contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.
Indemnified Person. 7.03 IRS.......................................... 4.16
Indemnified Person. Indenture..............................................................................
Indemnified Person. If an indemnified person is entitled to indemnification under this Article 18 as a result of a claim by a third party, and Interconnection Customer fails, after notice and reasonable opportunity to proceed under Article 18.1, to assume the defense of such claim, such indemnified person may at the expense of Interconnection Customer contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.
Indemnified Person. If an Indemnified Person is entitled to indemnification under this Article 18 as a result of a claim by a third party,
Indemnified Person. 7.03 Merger................................................... 2.
Indemnified Person. If an Indemnified Party is entitled to indemnification under this Section 18 as a result of a claim by a third party, and the Indemnifying Party fails, after notice and reasonable opportunity to proceed under Section 18.1, to assume the defense of such claim, such Indemnified Party may at the expense of the Indemnifying Party contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.
Indemnified Person. 7.04 IRS.............................................................4.16 ISO.............................................................2.04 Merger..........................................................2.
Indemnified Person. See §18.3.
Indemnified Person. See Section 6(c) hereof. ------------------ Indemnifying Person: See Section 6(c) hereof. ------------------- Losses: See Section 6(a) hereof. ------ NASD: See Section 4(j) hereof. ----