Examples of Indemnified Partner in a sentence

For the avoidance of doubt, the Indemnified Partner shall be under a duty to mitigate any loss in accordance with the principles of common law and the indemnity given at Clause 20.2 above shall not extend to losses, costs, expenses, damages, liabilities, actions, claims or proceedings incurred by reason of or in consequence of any negligent act or omission, misconduct or breach of this Agreement committed by the Indemnified Partner.
For the avoidance of doubt, the Indemnified Partner shall be under a duty to mitigate any loss in accordance with the principles of common law and the indemnity given at Clause 21.1 above shall not extend to losses, costs, expenses, damages, liabilities, actions, claims or proceedings incurred by reason of or in consequence of any negligent act or omission, misconduct or breach of this Agreement committed by the Indemnified Partner.
To the extent that the Indemnifying Partner undertakes the defense of such claim in good faith by proceeding diligently at its expense, and without materially impairing the financial conditions or operations of the Indemnified Partner, the Indemnified Partner shall be entitled to indemnity hereunder only if, and to the extent that, such defense is unsuccessful as determined by a final judgment of a court of competent jurisdiction or is settled with the consent of the Indemnifying Partner.
In addition, if the Indemnifying Party fails to give the Indemnified Partner the Notice complying with the provisions stated above within the stated time period, the Indemnified Partner shall have the right to assume control of the defense of the Claim and all Damages in connection therewith shall be reimbursed by the Indemnifying Party upon demand of the Indemnified Partner.
In no event will a Consortium Member be liable to the Indemnified Partner in contract, tort, negligence, breach of statutory duty or otherwise for any loss, damage, costs or expenses of any nature whatsoever incurred or suffered by the Indemnified Partner of an indirect or consequential nature including without limitation any economic loss or other loss of turnover, profits, business or goodwill.
The Consortium Members acting jointly agree to indemnify each and every Consortium Member (“the Indemnified Partner”) (in equal proportions without preference and including for the avoidance of doubt the Indemnified Partner) against any direct loss suffered by the Indemnified Partner as a result of any third party claims relating to the Indemnified Partner’s performance of its obligations under this Agreement.

Related to Indemnified Partner

Company Indemnified Person means (a) any Administrator; (b) any Affiliate of any Administrator; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrator; or (d) any officer, employee or agent of the Trust or its Affiliates.
Company Indemnified Party has meaning set forth in Section 8(b) hereof.
Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.
Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).
Company Indemnified Persons has the meaning set forth in Section 5(a).
Seller Indemnified Party has the meaning set forth in Section 7.2.
Company Indemnified Parties has the meaning specified in Section 7.8(a).
Indemnified Persons has the meaning assigned to such term in Section 7.12(c).
Buyer Indemnified Party has the meaning set forth in Section 8.2.
Investor Indemnified Party is defined in Section 4.1.
Indemnified Party shall have the meaning set forth in Section 5(c).
Seller Indemnified Persons has the meaning set forth in Section 8.3.
D&O Indemnified Parties shall have the meaning set forth in Section 6.6(a).
Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.
Indemnified Parties has the meaning set forth in Section 8.2.
Seller Indemnified Parties has the meaning set forth in Section 8.1.
Buyer Indemnified Persons has the meaning set forth in Section 8.2.
Indemnified Person has the meaning set forth in Section 11.3.
D&O Indemnified Party has the meaning set forth in Section 5.8(a).
Buyer Indemnified Parties has the meaning set forth in Section 8.2.
Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).
Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).
Related Indemnified Person of an Indemnitee means (a) any controlling person or controlled affiliate of such Indemnitee, (b) the respective directors, officers, or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents of such Indemnitee or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this definition shall pertain to a controlled affiliate or controlling person involved in the negotiation or syndication of the Facility.
Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).
Purchaser Indemnified Parties has the meaning set forth in Section 8.2.
Company Indemnitees shall have the meaning set forth in Section 5.02.

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