WebApr 21, 2024 · An indemnity clause or agreement is an essential component within any project contract in the construction industry. As an independent contractor , you’re operating in a high-risk environment ... WebBreach of Contract—protects a lender against a default by a borrower of a guaranteed loan as a result of a frustration of an arbitral process ... ADB’s PCG supported a $525 million loan facility to Southern Gas Corridor CJSC backed by a counter-guarantee and indemnity agreement between the Republic of Azerbaijan (ROA) and ADB. The loan ...
Guarantees Asian Development Bank
WebCounter-indemnity. A counter-indemnity is an obligation to make a reimbursement in relation to a primary indemnity, guarantee, bond or any similar arrangment. For example, we may be a corporate supplier in a commercial contract. As part of the contractual … Welcome to the Treasurer's Wiki. The Treasurer’s Wiki aims to share … In English law, a stronger form of security than a guarantee is a bond, a bond … WebDocument Description. In relation to a loan, a counter indemnity is given by the indemnifier (usually the Borrower's parent) to the Guarantor for the Borrower's obligations. This is drafted in favour of the indemnifier. This is drafted for the guarantor (Party 1) and the indemnifier (party 2) but is in favour of the indemnifier as they have ... collaborative health insurance solutions
counter-indemnity obligation English to Polish Law: …
WebMay 1, 2013 · The most important tip for drafting an effective indemnity is to ensure that the clause is worded to suit the particular circumstances of the contracting parties. If there is a dispute about the operation of a … WebFeb 16, 2007 · 12:32 Feb 16, 2007. English to Polish translations [PRO] Bus/Financial - Law: Contract (s) English term or phrase: counter-indemnity obligation. "...any … WebRelated to COUNTER INDEMNITY FROM THE BORROWERS. Administrative Agent’s Reliance, Indemnification, Etc (a) ... The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. Exculpation and Indemnification of Escrow Agent a. The Escrow Agent shall have no duties or ... collaborative health systems tampa