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Sample Environmental Indemnity Agreement - Detailed

Environmental Indemnity

Name: Sample Environmental Indemnity Agreement - Detailed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (469 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

Control #:

US-0745-WG

Format:

Instant download

Description Contract Of Indemnity

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.

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How to fill out Environmental Indemnity Agreement Application?

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Indemnification Clause Sample Form Rating

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Indemnity Agreement Sample Form popularity

Environmental Indemnity Agreement Form Other Form Names

Indemnity Agreement Form Sample Indemnity Agreement Statement Sample Agreement Form Sample Indeminity Clause For Hazardous Real Estate Environmental Indemnification Clause Sample Indemnity Agreement Contract Sample Indemnity Agreement Document

Sample Indemnity Agreement Draft FAQ

Identify Time Periods for Asserting Indemnification Rights. Provide Notice in a Timely Fashion. Notify All Concerned Parties. Understand Limitations on Recovery. Exclusive Remedy. Scope of Damages. Claims Process/Dispute Resolution.

Life Insurance contract is, however, not a contract of indemnity, because in such a contract different considerations apply.Moreover, even if a certain sum is payable in the event of death, since, unlike property, the life of a person cannot be valued, the whole of the amount assured becomes payable.

An indemnity contract is a legal arrangement between two parties in which one party agrees to pay another party for a loss or harm that meets certain requirements and conditions unless other circumstances are specified.

A typical example is an insurance company wherein the insurer or indemnitor agrees to compensate the insured or indemnitee for any damages or losses he/she may incur during a period of time.

An environmental indemnity agreement is an agreement by which a debtor indemnifies the creditor against any claims or losses arising from environmental contamination of the mortgaged property.These indemnities are sometimes limited and sometimes have carve outs to exclude actions of the creditor or its agents.

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

Fire Insurance is a contract where one party agrees to indemnify the loss of other party at the time of loss, for a consideration.Fire insurance contracts runs on the principle of indemnity.

Every contract of Insurance, except life assurance, is a contract of indemnity and no more than an indemnity. Under English Law, the word indemnity carries a much wider meaning than given to it under the Indian Act. Under English law, a contract of insurance (other than life insurance) is a contract of indemnity.

Drafting of the indemnity clause An indemnifier must limit the amount of indemnities that is given while entering into a contract. An express obligation must be imposed so as to minimize the loss, and the duration of time in which the claim can be brought must be limited.

Environmental Indemnity

Description Contract Of Indemnity

Sample Indemnity Agreement Related forms

How to fill out Environmental Indemnity Agreement Application?

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Indemnification Clause Sample Form Rating

Indemnity Agreement Sample Form popularity

Environmental Indemnity Agreement Form Other Form Names

Sample Indemnity Agreement Draft FAQ

How do you enforce an indemnity agreement?

Is life insurance a contract of indemnity?

Which is the contract of indemnity?

Which is an example of contract of indemnity?

What is an environmental indemnity agreement?

How do you write an indemnity clause?

Is fire insurance a contract of indemnity?

Is insurance contract a contract of indemnity?

How do you draft an indemnity clause?

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