Examples of Indemnity Costs in a sentence
The Parties will then use their best efforts to resolve any differences concerning such future Part A and Part B costs, including whether any of such costs constitute T-91 Indemnity Costs or are defense related.
Great American also reserves the right to characterize such costs as defense costs, T-91 Indemnity Costs or neither.
If, notwithstanding the above paragraph in Section 5.2, one City determines to bring legal action related to Claims or Liabilities against the other City, all related Indemnity Costs shall be allocated between the two Cities in the same manner as described in Section 6.8 below.
Indemnity Costs include all costs of defense, including without limitation, reasonable attorneys’ fees and costs as described in Section 6.10.
Pursuant to the Economic Development Agreement, Office Depot is obligated to defend any action or actions filed in connection with any Claims or Liabilities and will pay 70% of total Indemnity Costs incurred in connection therewith, with Signal Hill paying the remainder 30% of such costs.
The following amounts are excluded from Gross Indemnity Costs: • GST relating to the contract; • stamp duty on the contract; • a capital contribution required of the practitioner under rules (however described) of an MDO; • payment of an excess or deductible; • costs for earlier premium periods; • charges imposed by the insurer for late payment of Gross Indemnity Costs; • late payment penalty.
The indemnity obligations of the Parties hereunder extend to the Indemnity Costs of all other Claims or Liabilities arising hereunder of any nature whatsoever arising out of or in connection with this Economic Development Agreement and/or any changes in law as they may apply to this Agreement.
With respect to Signal Hill's obligation to pay 30% of any Indemnity Costs, Long Beach shall in turn split those Indemnity Costs on the same percentage split on which the Cities are then sharing the Remainder Tax Revenues per Section 3.2 hereof (i.e., 57% born by Signal Hill and 43% born by Long Beach).
In other words, all Indemnity Costs will first be split between Office Depot and Signal Hill on a 70/30% basis respectively, then Signal Hill's 30% share of costs will be split between Signal Hill and with Long Beach on a 57/43% basis respectively.
The obligation of Client to pay any Indemnity Costs of Company is immediate, not subject to any right of set off of Client, and is in no way dependant on any finding by any judicial, quasi-judicial body, fact-finding party or arbitration or mediation party.