Common use of Assumption of Risk and Indemnification Clause in Contracts

Assumption of Risk and Indemnification. Lessee is an institution corporate under the Constitution and laws of the State of Oklahoma. Lessee’s operations and activities are self-insured. Lessee is also immune from liability under the Oklahoma Governmental Tort Claims Act, 51 O.S. § 151, et seq. Lessee shall, to the extent allowed by law, assume all risks in the operation of its facilities and shall be solely responsible and answerable in damages for all accidents or injuries to persons and property and does hereby, to the extent allowed by the laws of Oklahoma, agree to indemnify, defend and save the Lessor, its authorized agents, officers, representatives and employees harmless from and against any and all penalties, liability, loss, cost or expense resulting from any claim or court action of any nature, and arising directly or indirectly out of the acts of the Lessee or its agents, servants, guests, employees or visitors under this Lease Agreement or by reason of any act or omission of such persons.

Assumption of Risk and Indemnification. Lessee is an institution corporate a municipal government established under the Constitution constitution and laws of the State of Oklahoma. Lessee’s operations and activities are self-insured. As a political subdivision, Lessee is also immune from liability under the Oklahoma Governmental Tort Claims Act, 51 O.S. § 151, et seq. Lessee shall, to the extent allowed by law, assume all risks in the operation of its facilities and shall be solely responsible and answerable in damages for all accidents or injuries to persons and property and does hereby, to the extent allowed by the laws of Oklahoma, agree to indemnify, defend and save the Lessor, its authorized agents, officers, representatives and employees harmless from and against any and all penalties, liability, loss, cost or expense resulting from any claim or court action of any nature, and arising directly or indirectly out of the acts of the Lessee or its agents, servants, guests, employees or visitors under this Lease Agreement or by reason of any act or omission of such persons.