Examples of Customer Indemnified Party in a sentence
They pointed out that financial regulatory policy alone could not contain the bubbles, as the policy is procyclical and it is hard to avoid regulatory arbitrage.
Notwithstanding the foregoing, MEI shall not be obligated to indemnify any Customer Indemnified Party if the loss or damage arises from or relates to breach of the Agreement by, or negligence or misconduct of, Customer or its employees, agents, managers, representatives or contractors.
No settlement will require any payment by the Customer Indemnified Party without such Customer Indemnified Party’s written consent.
The Customer Indemnified Party may monitor, at its own expense, such defense and any settlement discussions directly or through counsel of its choice.
Customer and each Customer- Indemnified Party shall cooperate fully in connection with all matters related to the defense of any such claim.
The Customer Indemnified Party may, at its own expense, engage separate counsel to advise it regarding a Third-Party Claim and to participate in the defense of the Third-Party Claim, subject to Dynatrace’s right to control the defense and settlement.
Customer may not settle any such claim against a Customer- Indemnified Party without the prior written consent of such Customer-Indemnified Party.
All costs and expenses incurred by a NEXUS Indemnified Party or a Customer Indemnified Party, as the case may be, in connection with any such contest, settlement or payment shall be deducted from any amounts payable to the Indemnitor pursuant to this Agreement with all such costs in excess of the amount so deducted to be reimbursed by the Indemnitor promptly following the Indemnified Party’s demand therefore.
If Customer elects not to assume such defense, the Customer-Indemnified Party may elect to do so and Customer shall pay all costs and expenses of counsel selected by such Customer- Indemnified Party in connection with such defense.
A Bank or Customer Indemnified Party shall not settle or compromise any Claim, and any settlement or compromise by a Bank or Customer Indemnified Party of a Claim shall be void as against the indemnifying party and shall terminate the indemnifying party’s obligation to indemnify such Bank or Customer Indemnified Party.