Common use of Indemnity Obligation Clause in Contracts

Indemnity Obligation. (a) The Parties intend and agree that the phrase “be responsible for and hold harmless and indemnify” in Paragraphs 6.5 and this Article IX mean that the indemnifying Party shall indemnify, hold harmless and defend (including payment of reasonable attorney’s fees and costs of litigation) the indemnified Party from and against any and all claims, demands, causes of action, damages, judgments and awards of any kind or character, without limit and without regard to the cause or causes thereof, including pre-existing conditions, whether such conditions be patent or latent, breach of warranty (express or implied), strict liability, or the negligence of any person or persons, including that of the indemnified Party, whether such negligence be sole, joint or concurrent, active or passive.

Appears in 3 contracts

Samples: www.sec.gov, Master Drilling Agreement Turnkey Operations (Big Sky Energy Corp), Big Sky Energy Corp

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Indemnity Obligation. (a) The Parties intend and agree that the phrase "be responsible for and hold harmless and indemnify" in Paragraphs 6.5 and this Article IX mean that the indemnifying Party shall indemnify, hold harmless and defend (including payment of reasonable attorney’s 's fees and costs of litigation) the indemnified Party from and against any and all claims, demands, causes of action, damages, judgments judgements and awards of any kind or character, without limit and without regard to the cause or causes thereof, including pre-existing conditions, whether such conditions be patent or latent, breach of warranty (express or implied), strict liability, or the negligence of any person or persons, including that of the indemnified Party, whether such negligence be sole, joint or concurrent, active or passive.

Appears in 1 contract

Samples: Contract Land (Chaparral Resources Inc)

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