Common use of Limitations Regarding Indemnification Clause in Contracts

Limitations Regarding Indemnification. (a) With respect to Covered Environmental Losses under Section 2.1(a)(i) or Section 2.1(a)(ii) that arise out of an event, condition or matter that is first discovered after the Closing Date, neither MPL Investment LLC nor MPCLP shall be obligated to indemnify, defend and hold harmless any Group Member until such time as the total aggregate amount of Losses incurred by the Partnership Group for such Covered Environmental Losses exceeds $500,000 (the “Environmental Deductible”), at which time MPL Investment LLC and MPCLP shall be obligated to indemnify the Partnership Group for the excess of such Covered Environmental Losses over the Environmental Deductible. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses incurred by any Group Member attributable to those locations identified on Schedule B.

Appears in 3 contracts

Samples: Omnibus Agreement, Omnibus Agreement (MPLX Lp), Omnibus Agreement (Marathon Petroleum Corp)

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Limitations Regarding Indemnification. (a) With respect to Covered Environmental Losses under Section 2.1(a)(i) or Section 2.1(a)(ii) that arise out of an event, condition or matter that is first discovered after the Closing Date, neither MPL Investment LLC QEP nor MPCLP Field Services shall be obligated to indemnify, defend and hold harmless any Group Member until such time as the total aggregate amount of Losses incurred by the Partnership Group for such Covered Environmental Losses exceeds $500,000 (the “Environmental Deductible”), at which time MPL Investment LLC QEP and MPCLP Field Services shall be obligated to indemnify the Partnership Group for the excess of such Covered Environmental Losses over the Environmental Deductible. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses incurred by any Group Member attributable to those locations identified on Schedule B.

Appears in 3 contracts

Samples: Omnibus Agreement (Qep Resources, Inc.), Omnibus Agreement (QEP Midstream Partners, LP), Form of Omnibus Agreement (QEP Midstream Partners, LP)

Limitations Regarding Indemnification. (a) With respect to Covered Environmental Losses under Section 2.1(a)(i) or Section 2.1(a)(ii) that arise out of an event, condition or matter that is first discovered after the Closing Date, neither MPL Investment LLC nor MPCLP shall be obligated to indemnify, defend and hold harmless any the Partnership Group Member until such time as the total aggregate amount of Losses incurred by the Partnership Group for such Covered Environmental Losses exceeds $500,000 (the “Environmental Deductible”), at which time MPL Investment LLC and MPCLP shall be obligated to indemnify the Partnership Group for the excess of such Covered Environmental Losses over the Environmental Deductible. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses incurred by any the Partnership Group Member attributable to those locations identified on Schedule B.

Appears in 2 contracts

Samples: Omnibus Agreement, Omnibus Agreement (MPLX Lp)

Limitations Regarding Indemnification. (a) With respect to Covered Environmental Losses under Section 2.1(a)(i) or Section 2.1(a)(ii) that arise out of an event, condition or matter that is first discovered after the Closing DateDate (the “Unknown Environmental Losses”), neither MPL Investment LLC nor MPCLP USD shall not be obligated to indemnify, defend and hold harmless any Group Member until such time as the total aggregate amount of Losses incurred by the Partnership Group for such Covered Unknown Environmental Losses exceeds $500,000 (the “Environmental Deductible”), at which time MPL Investment LLC and MPCLP USD shall be obligated to indemnify the Partnership Group for the excess of such Covered Environmental Losses over the Environmental Deductible. The aggregate liability of USD for all Unknown Environmental Losses shall not exceed $10,000,000. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses incurred by any Group Member attributable to those locations identified on Schedule B.

Appears in 1 contract

Samples: Omnibus Agreement (USD Partners LP)

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Limitations Regarding Indemnification. (a) With respect to Covered Environmental Losses under Section 2.1(a)(i) or Section 2.1(a)(ii) that arise out of an event, condition or matter that is first discovered after the Closing DateDate (the “Unknown Environmental Losses”), neither MPL Investment LLC nor MPCLP USD shall be obligated to indemnify, defend and hold harmless any Group Member until such time as the total aggregate amount of Losses incurred by the Partnership Group for such Covered Unknown Environmental Losses exceeds $500,000 (the “Environmental Deductible”), at which time MPL Investment LLC and MPCLP USD shall be obligated to indemnify the Partnership Group for the excess of such Covered Environmental Losses over the Environmental Deductible. The aggregate liability of USD for all Unknown Environmental Losses shall not exceed $10,000,000. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses incurred by any Group Member attributable to those locations identified on Schedule B.

Appears in 1 contract

Samples: Omnibus Agreement (USD Partners LP)

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