Examples of Compensating Party in a sentence
Each Party (Compensating Party) will compensate the other Party (including the Delivery Company) for any losses suffered by the other Party in connection with the Agreement and/or a Nomination, which are caused by the negligent act or omission of the Compensating Party.
If no helpers are necessary or business re-lationships with the helper(s) already exist, compensation ne- gotiation only comprises an interaction between the Compen- sated and the Compensating Party, i.e. the two basic parties only exchange the information about the respective Compen- sation Helpers during negotiation.
The Compensating Party benefiting from the Common Liability Reserve in accordance with this Section shall assign its claim against the Defaulting Party to the other Parties.
If and to the extent that such indemnification or the indemnification from the total amount of the Common Liability Reserves does not cover full indemnification, the Compensating Party shall be entitled to seek the remaining indemnification from the other Parties in accordance with their share of the Project budget, limited however to the amount received by such Party from the Commission, including the amount withheld for the Common Liability Reserve.
Subject to Clause 5.11, to the extent that either Party (the “Claiming Party”) has an entitlement under Data Privacy Law to claim from the other Party (the “Compensating Party”) compensation paid by the Claiming Party to a data subject as a result of a breach of Data Privacy Law to which the Compensating Party contributed, the Compensating Party shall be liable only for such amount as it directly relates to its responsibility for any damage caused to the relevant data subject.
To be more specific, compensation process roles describe certain responsibilities a party takes in the com- pensation process and in the related interactions.We distinguish two basic compensation process roles, the Compensated Party and the Compensating Party, which are present in all compensation cases, as between them a CeA is negotiated.
However, with respect to the internal compensation the Parties accept that the respective Sub-project(s) to which the Defaulting Party is involved shall have the priority obligation to indemnify the Compensating Party.
If and to the extent that the Defaulting Party is obviously not able or willing to fulfill its obligations under Section 8.3.1 the Compensating Party shall be indemnified with money from the Common Liability Reserve.
As to Azzam (2007) major social costs of drop out of school include reduced political participation, increased demand for social services, increased crime rates and poor levels of health.
Should either party (“Compensating Party”) violate or not fully perform any of its undertakings or warranties made under this Agreement or should its undertakings or warranties be untrue, the Compensating Party shall indemnify and hold harmless the other party and its right and obligation successors and representatives (“Compensated Party”), unless exempted by the other party in writing.