Tenant agrees to save, protect and indemnify Landlord against, and to hold Landlord harmless from, any and all claims, demands, losses, costs, expenses, judgments and damages, punitive and actual, in connection with, resulting from or arising out of any actual or alleged act or omission, activity, accident or occurrence in or about the demised premises or common areas, whether resulting in personal injury or damage to person and/or property or otherwise, and whether denominated as tort, consumer protection, breach of contract or warranty, express or implied, slander, libel, false imprisonment, or other action or remedy provided by common or civil law, including, without limitation, any costs, expenses or attorneys' fees which are incurred on any appeal or in bankruptcy, arbitration or mediation proceedings
An agreement that provides for one party to bear the costs, either directly or by reimbursement, for damages or losses incurred by a second party
Financial protection provided by a corporation to its directors, officers, and employees against expenses and liabilities incurred by them in lawsuits alleging that they breached some duty in their service to or on behalf of the corporation
If the provider is being held liable for charges for noncovered services and has received payment from the beneficiary for payment of the noncovered charges, Medicare will not hold the beneficiary responsible, except for the applicable deductible and coinsurance amounts Any such indemnification payments will be considered overpayments to the provider
An agreement to compensate securities lending clients for damage or loss Global custodians may offer to indemnify a lender against several types of risk, including broker/dealer default, market risk on the difference between the value of the securities out on loan and the value of the underlying collateral; or reinvestment risk associated with cash collateral Contingent liabilities associated with indemnified contracts impose additional capital requirements for the agent bank or custodian
Restoring the victim of a loss by payment, repair, or replacement, to the same financial condition that existed immediately before the loss (no better, no worse) Indemnification under your policy is subject to the terms, Conditions, and limitations of the contract
To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens. They agreed to indemnify the taxpayers against any loss It doesn't have the money to indemnify everybody
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