15 Indemnification definition
Examples of 15 Indemnification in a sentence
Except as provided in Section 15 (Indemnification), there shall be no third-party beneficiaries of any Participation Agreement.
The terms and conditions of this agreement that by their sense and context are intended to survive will survive the termination of this agreement, including but not limited to clauses 5 (Ownership), 9 (Confidentiality), 14 (Limitation of Liability), 15 (Indemnification), clause 20 (Dispute Resolution) and clause 21 (General Provisions).
Other than as provided for pursuant to Section 15 (Indemnification), Licensor does not provide credits or refunds for Fees already due or paid.
If the Indemnifying Party fails to assume defense of a Claim within a reasonable time, the Indemnitee may settle such Claim on such terms as it deems appropriate with the consent of the Indemnifying Party (which consent will not be unreasonably withheld, conditioned, or delayed), and the Indemnifying Party will be obligated to indemnify the Indemnitee for such settlement as provided in this Article 15 (Indemnification; Insurance).
An Indemnitee’s failure to deliver written notice will relieve the indemnifying Party of liability to the Indemnitee under this Article 15 (Indemnification; Limitation Of Liability; Insurance) only to the extent such delay is prejudicial to the indemnifying Party’s ability to defend or settle such claim.
Any Person seeking indemnification (the “Indemnitee”) under this Article 15 (Indemnification; Limitation Of Liability; Insurance) will give prompt written notice of the indemnity claim to the indemnifying Party and promptly provide a copy to the indemnifying Party of any complaint, summons, or other written or verbal notice that the Indemnitee receives in connection with any such claim.
The Indemnifying Party will promptly (and in any event not more than [***] days after receipt of the Indemnitee’s original notice) notify the Indemnitee in writing that it acknowledges its obligation to indemnify the Indemnitee with respect to the Claim pursuant to this Article 15 (Indemnification; Insurance) and of its intention either to compromise or defend such Claim.
Section 15 (Indemnification) shall survive for 18 months following the termination or expiration of this Agreement.
The provisions of ARTICLE 5 (Fees & Payment), Section 6.4 (Obligations on Termination), Section 10.2 (Rights Reserved), ARTICLE 11 (Restrictions on Use), Section 12.1 (Display of Marks, Legends & Notices), Section 14.1 (Limits on Liability), ARTICLE 15 (Indemnification), ARTICLE 16 (Confidentiality), ARTICLE 17 (Disputes), Section 18.6 (Survival of Terms) and Section 18.8 (Governing Law), shall survive the termination of this Agreement for any reason.
The Contractor assures the School that the Contractor will be responsible for the acts or omissions of said subcontractor and agrees to be liable consistent with the Section 15, Indemnification, to the extent that any acts or omissions of the subcontractor relate to the provision of goods or services under this Agreement.