Common use of Liability Insurance and Indemnification Clause in Contracts

Liability Insurance and Indemnification. For purposes of this section “SPP” refers to SPP and its officers, directors, Regional Entity Trustees, employees or agents, and “Member” refers to the Members of SPP as defined in these Bylaws. None of the provisions of this section, including the waiver of liability in Section 3.15.1 below, absolving SPP or its Members, directors, Regional Entity Trustees, officer, agents, employees or other representatives of liability or any provisions for insurance or indemnification apply to actions which are unlawful, undertaken in bad faith, or are the result of gross negligence or willful misconduct.

Appears in 5 contracts

Samples: Delegation Agreement, Delegation Agreement, Delegation Agreement

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