Mutual Indemnity definition

Mutual Indemnity provision means both parties in a contractual agreement agree to protect the other party against loss or damage.
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Mutual Indemnity. Each Party (the “Indemnifying Party”) will defend and indemnify the other Party (the “Indemnified Party”) against any claim or action brought by a third party, to the extent such claim or action is based on any allegation which, if proven, would constitute a breach of the warranties contained in Section 4(A).
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Mutual Indemnity. Each party will indemnify and hold harmless the other party and its directors, officers, employees, agents and Affiliates against any and all damages, losses, claims, obligations, commitments, costs or expenses (including reasonable attorney’s fees and costs) incurred by such other party that relate to this Agreement and arise out of the death or bodily injury of any person, to the extent such death or bodily injury was caused by the gross negligence or willful misconduct of such party or its employees or agents in the performance of such party’s obligations hereunder, and the damage, loss or destruction of any real or tangible personal property, to the extent that such damage, loss or destruction was caused by the gross negligence or willful misconduct of such party or its employees or agents in the performance of such party’s obligations hereunder; provided, however, that (a) the indemnified party provides prompt written notice of any such claim(s) to the indemnifying party and further provided that the failure to so notify will only relieve the indemnifying party of its obligations under this Section 10 if and to the extent that the indemnifying party is prejudiced thereby; (b) the indemnifying party has sole control of the defense and all related settlement negotiations; and (c) the indemnified 8
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Examples of Mutual Indemnity in a sentence

  • No liability for income tax has been provided for The Law Society of New South Wales and the Solicitors’ Mutual Indemnity Fund as they are exempt from the payment of income tax.

  • Incomplete forms will not be accepted.Utility inspection is scheduled after the Step 2 Completion Form, Mutual Indemnity Agreement, and the Renewable Energy Certificate (REC) Member Agreement receipt.

  • Bar Mutual Indemnity Fund Limited is Authorised and Regulated by the Financial Services Authority.Managers: Bar Mutual Management Company.

  • A sample interconnection application form is set forth in appendix II to Puc 900.Puc 904.03 Mutual Indemnity Provision.

  • In a case where the Barrister has failed to insure with Bar Mutual Indemnity Fund Ltd in accordance with the requirements of the Code of Conduct, the amount which the Barrister would be entitled to recover had the Barrister so insured (after allowing for any sum recovered in respect of costs).

  • Except in respect of Clause 15.4 (Mutual Indemnity), the maximum liability of each party (including Dell’s suppliers) for all disputes arising under the Agreement is limited to the greater of: (a) USD$50,000 (or the equivalent in local currency); or (b) the amount You paid to Dell for the APEX Service during the 12 months immediately before the events giving rise to any dispute.

  • The company was established to underwrite compulsory professional indemnity insurance for solicitors.(iii) Solicitors’ Mutual Indemnity Fund.

  • Name and address of Insurance Company/Attorney Defending Case: Great Plains Physicians’ Mutual Indemnity, Attn; Jim Brown, Claims Manager, 4321 Ketcham Blvd.

  • When the distribution utility provides a receipt for an application, it may clarify that the receipt acknowledges the date and fact of a filing, but not the approval of the filing.Puc 904.03 Mutual Indemnity Provision.

  • Agent shall have received copies of the Travelers Indemnity Agreement and the Liberty Mutual Indemnity Agreement in effect as of the date hereof.


More Definitions of Mutual Indemnity

Mutual Indemnity. Each party shall indemnify, defend, protect and hold the other, any partner, co-venturer, co-tenant, officer, director, employee, agent, or representative of the other (collectively, "Affiliates") harmless against and from all claims, damages and liabilities, arising from each party's use and operation of their respective property and/or the conduct of their respective or from any activity, work, or other thing done, permitted or suffered by each of them as to each other in or about the Building, and shall further indemnify and hold each other, any partner, co-venturer, co-tenant, officer, director, employee, agent, or representative of each other harmless against and from any and all claims, damages and liabilities, directly arising from any breach or default in the performance of any obligation on either party's part to be performed under the terms of this Lease, or arising from any act or negligence of either party or any officer, agent, or employee, guest, and from all and against all costs, attorneys' fees, expenses, and liabilities incurred in or about any such claim or any action or proceeding brought thereon, and, in any case, action, or proceeding brought against either specific party by reason of any such claim. Each party as a material part of the consideration to the other under this Lease, hereby assumes all risk of damage to property or injury to persons in, upon or about the Premises, except that neither party shall assume any risk for damage resulting from the gross negligence or willful misconduct of the other party or its authorized representatives.
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Related to Mutual Indemnity

  • Environmental Indemnity means that certain Environmental Indemnity Agreement dated as of the date hereof executed by Borrower in connection with the Loan for the benefit of Lender.

  • Environmental Indemnity Agreement means the Environmental Indemnity Agreement dated as of the Closing Date, from Borrower and the Guarantor, collectively, as indemnitor, to Lender, as indemnitee, as the same may be amended, modified or supplemented from time to time.

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Indemnification Agreement shall have the meaning set forth in Article XVII.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions in place immediately prior to the Effective Date whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, the 2008 Bond Documents, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents and such current and former directors, officers, and managers’ respective Affiliates.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Third Supplemental Indenture has the meaning set forth in the Recitals.

  • First Supplemental Indenture has the meaning specified in the recitals of this Supplemental Indenture.

  • Second Supplemental Indenture has the meaning set forth in the preamble hereto.

  • Omnibus Agreement means that certain Omnibus Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Company and certain other parties thereto, as such may be amended, supplemented or restated from time to time.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • EEA Agreement means the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 as adjusted by the Protocol signed at Brussels on 17th March 1993;

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains provisions that are no less favorable in the aggregate to the Company than those contained in the Confidentiality Agreement; provided that such agreement and any related agreements shall not include any provision calling for any exclusive right to negotiate with such party or having the effect of prohibiting the Company from satisfying its obligations under this Agreement.

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • Standard Amendment Coversheet refers to the form used by the Judicial Council to amend agreements with other parties. Several originally signed, fully executed versions of a Standard Amendment, together with the integrated Contract Documents, shall each represent an Amendment as an individual contract counterpart.

  • Confidentiality Agreements is defined in Section 5.5(e) hereof.

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • Existing Confidentiality Agreement shall have the meaning given in Section 6.2.

  • Tax Indemnity means the indemnity in respect of certain Taxation matters referred to in clause 10;

  • Letter of Agreement means a written document that informally resolves a

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.