Tort Indemnity definition

Tort Indemnity means that the Party responsible for the indemnification shall provide the legal defense of the claim (counsel being subject to the approval of the indemnified Party, approval not to be unreasonably withheld) and the indemnifying Party shall be responsible to pay the amount of the claim (subject to the right to defend it) up to the limits of the indemnifications set forth in this Section, above, except that in the case of claims which are both Tenant Fault Claims and Landlord Fault Claims, each Party shall be responsible for the Party’s own costs of legal defense. Tort Indemnity shall not be owed to the extent that the Party owing the indemnification has been prejudiced by any failure of the Party seeking the indemnification to give Notice to the other Party within a reasonable time after the Party becomes aware of a claim in which the other Party may owe an indemnity obligation under this Section.
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Tort Indemnity means that the party responsible for the indemnification shall provide the legal defense of the claim (counsel being subject to the approval of the indemnified party, approval not to be unreasonably withheld) and the indemnifying party shall be responsible to pay the amount of the claim (subject to the right to defend it) up to the limits of the indemnifications set forth in this paragraph, above, except that in the case of claims which are both Tenant Fault Claims and Landlord Fault Claims, each party shall be responsible for such party’s own costs of legal defense. Tort Indemnity shall not be owed to the extent that the party owing the indemnification has been prejudiced by any failure of the party seeking the indemnification to give Notice to the other party within a reasonable time after said party becomes aware of a claim in which the other party may owe an indemnity obligation under this paragraph. In addition, Landlord agrees to protect, defend, indemnify and hold harmless Tenant, and its authorized representatives, from all claims, costs (including attorneys’ and experts’ fees), expenses, and liabilities (i) arising from and out of any occurrence in the common areas of the Building, or Project; or (ii) resulting from the acts or omissions of Landlord, its authorized representatives, contractors, licensees and invitees; or (iii) arising from and out of any breach of Landlord’s representations, warranties or covenants under this Lease. Landlord’s obligations under this paragraph shall survive the expiration or earlier termination of this Lease.
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Tort Indemnity means that the party responsible for the indemnification shall provide the legal defense of the claim (counsel being subject to the approval of the indemnified party, approval not to be unreasonably withheld) and the indemnifying party shall be responsible to pay the amount of the claim (subject to the right to defend it) up to the limits of the indemnifications set forth in this Section, above, except that in the case of claims which are both Tenant Fault Claims and Landlord Fault Claims, each party shall be responsible for such party's own costs of legal defense. Tort Indemnity shall not be owed to the extent that the party owing the indemnification has been prejudiced by any failure of the party seeking the indemnification to give Notice to the other party within a reasonable time after said party becomes aware of a claim in which the other party may owe an indemnity obligation under this Section.‌ ARTICLE VIII ASSIGNMENTS AND SUBLEASES‌‌‌
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Examples of Tort Indemnity in a sentence

  • In the case of third party claims arising out of an act or omission of Tenant or an agent, servant or employee of Tenant (a "Tenant Fault Claim") and not out of an act or omission of Landlord or an agent, servant or employee of Landlord (a "Landlord Fault Claim"), Tenant shall be responsible for the Tort Indemnity of Landlord.

  • Each party shall be responsible for the Tort Indemnity of the other party for the portion of the claim which is the responsibility of the party owing the Tort Indemnity.

  • Tort Indemnity shall not be owed to the extent that the party owing the indemnification has been prejudiced by any failure of the party seeking the indemnification to give Notice to the other party within a reasonable time after said party becomes aware of a claim in which the other party may owe an indemnity obligation under this paragraph.

  • In the event of a Landlord Fault Claim, Landlord shall be responsible for the Tort Indemnity of Tenant.

  • In the case of third party claims arising out of an act or omission of Tenant or an agent, contractor or employee of Tenant (a “Tenant Fault Claim”) and not out of an act or omission of the Town or an agent, contractor or employee of Town (a “Landlord Fault Claim”), Tenant shall be responsible for the Tort Indemnity of the Town.

  • Tort Indemnity shall not be owed to the extent that the Party owing the indemnification has been prejudiced by any failure of the Party seeking the indemnification to give Notice to the other Party within a reasonable time after the Party becomes aware of a claim in which the other Party may owe an indemnity obligation under this Section.

  • In the event of a Landlord Fault Claim, the Town shall be responsible for the Tort Indemnity of Tenant.

  • Each Party shall be responsible for the Tort Indemnity of the other Party for the portion of the claim which is the responsibility of the Party owing the Tort Indemnity.

  • In the event of a Landlord Fault Claim, Landlord shall be responsible for the Tort Indemnity of Tenant (provided for the avoidance of doubt, a Landlord Fault Claim shall not include any claim or liability related to or arising out of any duty or act to be performed by the Tenant under this Lease, e.g., Tenant’s duties regarding maintenance, repair and conduct under Section 6.06 of this Lease).

  • Tort Indemnity shall not be owed to the extent that the party owing the indemnification has been prejudiced by any failure of the party seeking indemnification to give Notice to the other party within a reasonable time after said party becomes aware of a claim in which the other party may owe an indemnity obligation under this paragraph.

Related to Tort Indemnity

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

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

  • Tax Indemnity means the deed of covenant against Taxation in the Agreed Terms to be entered into at Closing;

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.