Contractor definition
Examples of Contractor in a sentence
If the Trust Fund acquires any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management Agreement or replace the Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement) so that the Foreclosed Property would be considered to be operated by an Independent Contractor.
For the avoidance of doubt the term “third party” shall exclude any member of Contractor Group or Company Group.
Contractor shall be responsible for and shall indemnify the Company Group from and against any and all Liabilities incurred by, in favor of or on behalf of a third party but only to the extent such Liabilities are caused by the fault, breach of contract or statute, or negligence of any member of Contractor Group.
Contractor shall perform the Services designated in any work order accepted by Contractor with due diligence and in a good and workmanlike manner to completion, subject, however to Article 11 hereto.
Company shall be responsible and liable for and shall release, defend, and indemnify Contractor Group from and against any and all Liabilities incurred by, in favor of or on behalf of Company Group.