Examples of Company Indemnified Party in a sentence
Owner shall have no obligations under the immediately preceding sentence to the extent any claims, demands, suits, proceedings, judgments, losses, liabilities, damages, costs and expenses (including reasonable attorneys’ fees) incurred by any such Distribution Company Indemnified Party are caused by or arise from the negligence, willful misconduct or criminal misconduct of, or breach or default of contract by, a Distribution Company Indemnified Party.
Notwithstanding anything herein to the contrary, if any Company Indemnified Party notifies Parent on or prior to the sixth anniversary of the Effective Time of a matter in respect of which such Person may seek indemnification pursuant to this Section 6.3, the provisions of this Section 6.3 shall continue in effect with respect to such matter until the final disposition of all claims relating thereto.
No Company Indemnified Party shall settle, compromise or consent to the entry of any judgment in any actual or threatened claim in respect of which indemnification has been sought by such Company Indemnified Party hereunder without the prior written consent of Parent not to be unreasonably withheld or delayed.
Each party entitled to indemnification under this Section (whether a Drexel Indemnified Party or a Company Indemnified Party, referred to collectively as an "Indemnified Party") will give notice to the party or parties required to provide indemnification (the "Indemnifying Party") promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought.
The County shall not, however, be required to reimburse or indemnify any Company Indemnified Party for any Loss-and-Expense to the extent that any such Loss-and-Expense is due to (a) any Company Breach, (b) the negligence or other wrongful conduct of any Company Indemnified Party, or (c) any Uncontrollab le Circumstance.