Examples of Participating Party in a sentence
Each Participating Party shall give the other prompt notification when it first learns of an incident or occurrence covered, or likely to be covered, under the terms of this indemnity provision, as well as prompt notification if a claim is made or suit is brought against a party based on an incident or occurrence covered, or likely to be covered, by the terms hereof.
A termination shall not affect the obligation of any Participating Party to reimburse the other for the costs and expenses of rendering Aid and Assistance incurred pursuant to this MOU and prior to any effective termination date thereof.
Any Participating Party may terminate this MOU upon 30 days written notice.
Each Participating Party is responsible for carrying its own insurance and shall determine for itself what kinds of insurance to carry and in what amounts.