What is an example of indemnity?

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

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Sample Environmental Indemnity Agreement

New Hampshire Sample Environmental Indemnity Agreement

Name: New Hampshire Sample Environmental Indemnity Agreement
Brand: US Legal Forms
Rating: 4.61 (341 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

Control #:

US-0818-WG

Format:

Instant download

Description

This is a sample form in which the Indemnitor hereby unconditionally and irrevocably indemnifies and agrees to reimburse, defend, exonerate, pay and hold harmless Lender and its directors, officers, policyholders, shareholders, employees, successors, assigns, agents, contractors, subcontractors, experts, licensees, affiliates, lessees, mortgagees, trustees and invitees, from and against any and all Environmental Damages arising from the presence of Hazardous Materials in, upon, about or beneath the Secured Property or migrating to or from the Secured Property, or arising in any manner whatsoever out of the violation of any Environmental Requirements pertaining to the Secured Property and the activities thereon, or the breach of any warranty or covenant or the inaccuracy of any representation of Indemnitor contained in the Loan Documents pertaining to Hazardous Materials or other environmental matters. New Hampshire Sample Environmental Indemnity Agreement: A Comprehensive Overview The New Hampshire Sample Environmental Indemnity Agreement is a legally binding document crafted to address potential environmental liabilities associated with real estate transactions or business operations in New Hampshire. This agreement serves as a protective measure for both parties involved, aiming to mitigate risks and ensure environmental compliance. Keywords: New Hampshire, Sample Environmental Indemnity Agreement, liabilities, real estate transactions, business operations, risks, environmental compliance. Types of New Hampshire Sample Environmental Indemnity Agreements: 1. Transfer of Real Estate: This type of agreement is commonly used during the sale or transfer of real estate properties in New Hampshire. It safeguards the buyer, seller, and any other relevant parties, against unexpected environmental risks and liabilities associated with the property being transferred. 2. Business Operations: This agreement is designed for businesses actively operating in New Hampshire. It addresses potential environmental liabilities arising from their day-to-day operations, such as handling hazardous materials, waste disposal, or any activity that may impact the environment. 3. Lender Liability Protection: This category of agreement specifically caters to lenders who provide financial assistance for real estate transactions or businesses involving environmental risks. The agreement protects lenders from potential liabilities related to the environmental condition of the property/business they finance. 4. Tenant Liability Protection: This type of agreement is tailored for tenants leasing commercial properties in New Hampshire. It aims to shield tenants from unforeseen environmental liabilities caused by their operations on the leased premises, including pollution, hazardous material release, or non-compliance with environmental regulations. In conclusion, the New Hampshire Sample Environmental Indemnity Agreement is a crucial tool used to address environmental liabilities in various scenarios, such as real estate transactions, business operations, lender liabilities, and tenant protections. With the inclusion of specific provisions, these agreements ensure that all parties are adequately safeguarded, promoting environmental compliance and risk mitigation.

New Hampshire Sample Environmental Indemnity Agreement: A Comprehensive Overview The New Hampshire Sample Environmental Indemnity Agreement is a legally binding document crafted to address potential environmental liabilities associated with real estate transactions or business operations in New Hampshire. This agreement serves as a protective measure for both parties involved, aiming to mitigate risks and ensure environmental compliance. Keywords: New Hampshire, Sample Environmental Indemnity Agreement, liabilities, real estate transactions, business operations, risks, environmental compliance. Types of New Hampshire Sample Environmental Indemnity Agreements: 1. Transfer of Real Estate: This type of agreement is commonly used during the sale or transfer of real estate properties in New Hampshire. It safeguards the buyer, seller, and any other relevant parties, against unexpected environmental risks and liabilities associated with the property being transferred. 2. Business Operations: This agreement is designed for businesses actively operating in New Hampshire. It addresses potential environmental liabilities arising from their day-to-day operations, such as handling hazardous materials, waste disposal, or any activity that may impact the environment. 3. Lender Liability Protection: This category of agreement specifically caters to lenders who provide financial assistance for real estate transactions or businesses involving environmental risks. The agreement protects lenders from potential liabilities related to the environmental condition of the property/business they finance. 4. Tenant Liability Protection: This type of agreement is tailored for tenants leasing commercial properties in New Hampshire. It aims to shield tenants from unforeseen environmental liabilities caused by their operations on the leased premises, including pollution, hazardous material release, or non-compliance with environmental regulations. In conclusion, the New Hampshire Sample Environmental Indemnity Agreement is a crucial tool used to address environmental liabilities in various scenarios, such as real estate transactions, business operations, lender liabilities, and tenant protections. With the inclusion of specific provisions, these agreements ensure that all parties are adequately safeguarded, promoting environmental compliance and risk mitigation.

How to fill out New Hampshire Sample Environmental Indemnity Agreement?

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FAQ

In a financing context, a bank commitment letter and loan agreement often provide that the borrower will indemnify the agent banks and lenders for losses, liabilities, and related expenses they incur from litigation or other claims related to the loan or the borrower (such as environmental liabilities).

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

Hazardous Substances Agreement means that certain Certificate and Indemnity Agreement Regarding Building Laws and Hazardous Substances of even date herewith executed by Borrower in favor of Lenders and Agent substantially in the form of Exhibit H attached hereto, as such certificate and indemnity agreement may be

An environmental indemnity mitigates a lender's exposure for environmental risks that are associated with real property ownership by indemnifying the lender against all losses associated with environmental compliance, monitoring, and remediations (see Drafting Note, Losses).

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.

$20/Month. The cost of professional indemnity insurance varies considerably. While these policies are extremely common, and typically inexpensive for most industries, the cost can increase significantly for specialized services with much higher risks.

Company/Business/Individual Name shall fully indemnify, hold harmless and defend and its directors, officers, employees, agents, stockholders and Affiliates from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not

Letters of indemnity should include the names and addresses of both parties involved, plus the name and affiliation of the third party. Detailed descriptions of the items and intentions are also required, as are the signatures of the parties and the date of the contract's execution.

More info

Standard indemnification provisions in M&A purchase agreementsGenerally speaking, stand-alone indemnities cover two types of matters:. environmental contamination in New Hampshire?Once the Remedial Action Plan is complete, the DES will then issue a Certificate.An example of such a clause reads as follows: Subcontractor shall indemnify and hold harmless the Owner, Architect, General Contractor, and agents and employees ... 25,920, Public Service Company of New Hampshire d/b/a Eversource Energy (?PSNH?Each of Buyer and Seller agrees to file Internal Revenue. New Hampshire. 109. New Jersey. 111. New Mexico. 115. New YorkFor example, a broad interpretation was given to an indemnity agreement which. Insurer's duty to defend, the insured could not obtain indemnity in view of its failure toThe Colorado Supreme Court ruled in New Hampshire Ins. Co. v. Operations at, from or on Leased Premises; Operating Agreements andTransportation and the New Hampshire Department of Environmental ... NEW HAMPSHIRE. 68. NEW JERSEY. 70. NEW MEXICO. 72. NEW YORK. 74. NORTH CAROLINAdamages for insurer's failure to defend or indemnify the insured. Ten key steps in addressing environmental concerns in real estate transactions. The transaction is conceived. The basic terms are negotiated. The agreement ... As the new year begins, the significant attention being paid to poly- andDo reps and warranties in the purchase agreement cover PFAS?

New Hampshire Sample Environmental Indemnity Agreement

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