Indemnity Liability definition

Indemnity Liability means any debt, liability or obligation of a SPhinX Company to an Indemnity Claimant which becomes payable by the JOLs in respect of the liquidation of the relevant SPhinX Company pursuant to a final adjudication or order entered by a court of competent jurisdiction, which is not subject to appeal;
Sample 1
Indemnity Liability. The university accepts no liability for:
Sample 1
Indemnity Liability. The Chargor must, despite any other provision in this Charge, indemnify the Chargee against, and pay to the Chargee upon demand by the Chargee an amount equal to, all Secured Moneys that are or may be irrecoverable by the Chargee from the Chargor as a surety ("principal indemnity").
Sample 1

Examples of Indemnity Liability in a sentence

  • The Design-Builder shall obtain Protective and Indemnity Liability insurance for all marine operations under the Agreement, with a minimum ($1,000,000.) limit.

  • The Contractor shall obtain Protective and Indemnity Liability insurance for all marine operations under the contract, with a minimum $2,000,000 limit.

  • Provisions herein regarding Confidentiality, Debarment, Audits, Monitoring and Inspection, Publication, Intellectual Property, Indemnity, Liability and Insurance, Record Retention, Assignment, and Governing Law shall survive upon expiration or termination of this Agreement.

  • Products-completed operations coverage must be maintained for at least two years after final completion of the Project.3. Supplemental Insurance Requirements3.1. Watercraft Protection and Indemnity Liability insurance if any of the Work is on or over navigable waterways or involves use of any vessel.

  • The Consultant shall obtain Protective and Indemnity Liability insurance for all marine operations under the Agreement, with a minimum ($1,000,000) limit.

  • Where a marine liability exposure exists, Marine General Liability insurance and Protection & Indemnity Liability insurance is required for claims arising from all leased, owned, non-owned and hired watercraft, including coverage for injuries to crew and contractual liability with limits of $2,000,000 per occurrence and annual aggregate.

  • Clause 3 (Indemnity, Liability & Insurance); Clause 5 (Confidentiality, Information Disclosure & Publicity); Clause 6 (Intellectual Property Rights); Clause 18 (Data Protection); Clause 21 (Dispute Resolution); Clause 25 (Waiver); and Clause 28 (Governing Law and Jurisdiction).

  • Provisions herein regarding Confidentiality, Deregistration Audits, Monitoring and Inspection, Publication, Intellectual Property, Indemnity, Liability and Insurance, Record Retention, Assignment, and Governing Law shall survive upon expiration or termination of this Agreement.

  • The parties to this Asset Purchase Agreement are the sole intended third party beneficiaries of this Agreement, with the rights to enforce the obligations of the parties hereto and in particular to the Indemnity Liability Reserve which is solely for the benefit of Buyer and Seller and is not being held in trust for any third party claimant.

  • The Contractor shall obtain a Marine Protection & Indemnity Liability insurance policy for all navigable water, water-related or marine activities or operations under the Contract with a minimum limit of $2,000,000.

Related to Indemnity Liability

  • Third Party Liability has the meaning ascribed thereto in Section 8.3.2;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Liability means any liability or obligation (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnified Matters has the meaning specified therefor in Section 12.15.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Environmental, Health and Safety Liabilities means any cost, damages, expense, liability, obligation or other responsibility arising from or under Environmental Law or Occupational Safety and Health Law and consisting of or relating to:

  • Indemnifiable Liabilities and "Indemnifiable Amounts" shall have the meanings ascribed to those terms in Section 3(a) below.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Related Indemnified Person of an Indemnitee means (a) any controlling person or controlled affiliate of such Indemnitee, (b) the respective directors, officers, or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents of such Indemnitee or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this definition shall pertain to a controlled affiliate or controlling person involved in the negotiation or syndication of the Facility.

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.