WebMay 5, 2024 · By Taylor Brown – May 5, 2024. For many reasons, one of the most contentious terms in any contract negotiation tends to be an indemnity clause. First, it’s … WebOct 20, 2011 · Law: Contract(s) English term or phrase: indemnity obligation We shall pay the above-mentioned amount upon receipt of the Beneficiary's written demand made during the validity of this bank guarantee stating that the Applicant has failed to honor its indemnity obligations under the Agreement.

COUNTER INDEMNITY IN FORM OF LETTER Deeds & Drafts

WebRelated to COUNTER INDEMNITY FROM THE BORROWERS. Administrative Agent’s Reliance, Indemnification, Etc (a) ... The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. Exculpation and Indemnification of Escrow Agent a. The Escrow Agent shall have no duties or ... WebType Contract / Bid Number Contract Date Description of Goods / Works / Premise, Etc ☐ Secure Bid / Tender Obligations ... the Counter-Indemnity and/or Blanket Counter … osteichthyes respiratory system

COUNTER INDEMNITIES Definition Law Insider

WebIndemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming … WebA Counter indemnity allow a guarantor to seek reimbursement from the indemnifier in the event where they have to pay a guarantee claim for any part of the guarantee amount … WebMay 1, 2013 · The most important tip for drafting an effective indemnity is to ensure that the clause is worded to suit the particular circumstances of the contracting parties. If there is a dispute about the operation of a … osteichthyes osmoregulation