Common use of Minimum Indemnity Clause in Contracts

Minimum Indemnity. The amount of any indemnity payable by Sublessee to Sublessor pursuant to this Section 29 shall in all events be an amount sufficient to restore Sublessor to the position that Sublessor would be in if the Sublessor Inclusion, TIA Liability or any indemnity otherwise payable pursuant to Section 7 of the Participation Agreement that gave rise to Sublessee’s obligation hereunder had not occurred.

Appears in 2 contracts

Sources: Lease Agreement (Pinnacle Airlines Corp), Airline Services Agreement (Mair Holdings Inc)