Common use of Wilful Default Clause in Contracts

Wilful Default. (a) Each of the NOPs indemnify and must keep indemnified the other Participants and the directors, officers, employees and agents of other Participants against losses, damages or claims suffered by the other Participants and the directors, officers, employees and agents of the other Participants as a consequence of or arising from any Wilful Default by the NOP. (b) The Owner Participant indemnifies and must keep indemnified the NOPs and the directors, officers, employees and agents of the NOPs against losses, damages or claims suffered by the NOPs and the directors, officers, employees and agents of the NOPs as a consequence of or arising from any Wilful Default by the Owner Participant. (c) PTV indemnifies and must keep indemnified the NOPs and the directors, officers, employees and agents of the NOPs against losses, damages or claims suffered by the NOPs and the directors, officers, employees and agents of the NOPs as a consequence of or arising from any Wilful Default by PTV.