Common use of No Liability to Indemnify Clause in Contracts

No Liability to Indemnify. ‌ No Participant will be liable to indemnify the Operator (whether under Section 7.1 or otherwise) where any Loss, Claim, proceeding, injury or death arises out of or as a consequence of any fraudulent act or omission or gross negligence of the Operator or its officers, employees or agents. For the purposes of this Section 7.3, “gross negligence” means wilful default or any act done recklessly or wantonly without regard for the consequences of that act.

Appears in 1 contract

Sources: Joint Venture Agreement

No Liability to Indemnify. No Participant will be liable to indemnify the Operator (whether under Section 7.1 clause 8.1 or otherwise) where any Lossloss, Claimdamage, claim, demand, proceeding, expense, injury or death arises out of or as a consequence of any fraudulent act or act, omission or gross negligence of the Operator or its officers, employees or agents. For the purposes of this Section 7.3clause 8.3, “gross negligence” means wilful default or any act done recklessly or wantonly without regard for the consequences of that act.

Appears in 1 contract

Sources: Joint Venture Agreement (Augusta Resource CORP)

No Liability to Indemnify. No Participant will be liable to indemnify the Operator (whether under Section 7.1 or otherwise) where any Loss, Claim, proceeding, injury or death arises out of or as a consequence of any fraudulent act or omission or gross negligence of the Operator or its officers, employees or agents. For the purposes of this Section 7.3, “gross negligence” means wilful default or any act done recklessly or wantonly without regard for the consequences of that act.

Appears in 1 contract

Sources: Joint Venture Agreement