Losses and Liabilities definition

Losses and Liabilities means all claims, liabilities, actions, proceedings, demands, losses, costs, penalties, fines, damages and expenses which may be sustained or incurred by any of a Party, its directors, officers, agents and employees, including reasonable legal fees and disbursements on a solicitor and its own client basis;
Losses and Liabilities means, in respect of a Party and in relation to any matter hereunder, any and all:
Losses and Liabilities means any and all assessments, charges, costs, damages, debts, expenses, fines, liabilities, losses, obligations and penalties, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Applicable Law, Claim by any Governmental Authority or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking and costs and expenses of any Legal Proceeding, assessment, judgment, settlement or compromise relating thereto, and all interest, fines and penalties and reasonable legal fees and expenses incurred in connection therewith (on a full indemnity basis);

Examples of Losses and Liabilities in a sentence

  • The duty to defend is separate and independent of a Party’s indemnity obligations, and is triggered by the assertion of any Losses and Liabilities within the scope of the indemnity obligations above, and shall apply prior to and regardless of whether or not the issue of that Party’s indemnity obligation, negligence, breach of contract or other fault or obligation has been determined.

  • The city now has a valuable opportunity to leverage investments required by mandatory storm water mitigation and other projects to provide all residents with a shared set of opportunities for access to work, mobility, connectivity and recreation.

  • In light of Developer’s indemnity for Losses and Liabilities as set forth in this Section, in no event shall VCTC have the right to settle any claim or legal action, including without limitation, any litigation or administrative proceeding, or agree to payment with respect to any Losses and Liabilities without the prior written consent of Developer, which consent shall not be unreasonably withheld.

  • The Parties will indemnify and save harmless the Operator.… All such Losses and Liabilities for which that indemnification applies will be for the Joint Account, and will be borne by the Parties (including the Operator) in proportion to their respective Working Interests.

  • The Purchaser shall be liable for any and all Claims, Losses and Liabilities whatsoever caused by or in any way arising out of any dismantling or removal of any Purchased Assets from the designated Delivery Locations or any failure to dismantle or remove any Purchased Assets from the designated Delivery Locations.


More Definitions of Losses and Liabilities

Losses and Liabilities means, in respect of a Party and in relation to a matter, any and all:
Losses and Liabilities as used herein shall mean and include all claims, causes of action, liabilities, losses, damages (including, without limitation, penalties, fines and monetary sanctions), injuries, expenses, charges, penalties or costs of whatsoever character, nature and kind, including reasonable attorney’s fees and costs incurred by the indemnified party with respect to counsel of its choice, whether to property or to person, whether by direct or derivative action, and whether known or unknown, suspected or unsuspected, latent or patent.
Losses and Liabilities means all liabilities, claims, losses, causes of action, charges, penalties, damages, costs or expenses (including reasonable attorneys' fees and costs), of whatsoever character, nature and kind, whether to property or Person, whether by direct or derivative action, and whether known or unknown, suspected or unsuspected, or latent or patent.
Losses and Liabilities mean, in relation to a Person, claims, demands, causes of action, liabilities, losses, costs, damages and expenses which such Person suffers, sustains, pays or incurs including legal fees on a "solicitor and his own client" basis;
Losses and Liabilities means any and all actions, injury, death or illness, claims, liabilities, loss, damages, demands, penalties, fines, expenses (including legal expenses on a full indemnity basis), costs, obligations and causes of action of every kind and nature whatsoever.
Losses and Liabilities means: (i) any and all losses, penalties, fines, damages, awards, costs (including legal costs on a solicitor and client basis) expenses and charges suffered, sustained, paid, commenced, threatened or incurred, including interest and taxes payable on any settlement or indemnity payment or damage award as a result of, relating to, or arising from any Claim; and (ii) any and all liabilities and obligations, whether under Applicable Law or otherwise, and whether tortious, equitable, contractual, vicarious, statutory or otherwise, absolute or contingent, or based on fault, strict liability or otherwise;
Losses and Liabilities means all losses, costs, expenses, interest, charges, assessments, damages, liabilities, fines and penalties, including all reasonable costs incurred in investigating, defending or negotiating the settlement or resolution of any Claim or threatened Claim, and specifically including reasonable legal and other professional fees and expenses on a "solicitor and his own client" or comparable basis, regardless of whether the foregoing arise under or by virtue of common law, in equity, under Applicable Law, under contract, negligence, strict liability, breach of duty or otherwise.