There is probably not a man within the United States aiming at profit only, who would have trusted his money on such a security; or who would not at least have exacted an interest of 20, 30, or 40perCentt, as an indemnification for the fallen State of public credit.
"It is not possible to determine the actual or estimated cost to the Government as a result of the use of an indemnification clause since the liability of the Government, if any, will depend upon the occurrence of an incident related to the performance of the contract," White wrote.
In deciding whether to approve the use of an indemnification provision and in determining the amount of financial protection to be provided and maintained by the indemnified contractor, the appropriate official shall take into account such factors as the availability, cost and terms of private insurance, self-insurance, other proof of financial responsibility and workmen's compensation insurance.
Yet the city's Law Department represented them anyway because of an indemnification agreement under which the city assumes the cost of defending any lawsuit arising from the 2004 convention that names the Republican National Committee.
Countrywide itself is paying $20 million of Mr. Mozilo's $67.5 million payment as part of an indemnification agreement he has with the company.
("Company Y" has already billed the C.I.A. $1.1 million dollars as part of an "indemnification" agreement that pays its legal expenses related to the program through 2021).
But there is a solid legal basis for indemnification of pandering to minors if even a simple, easily bypassed gate is in place.
The association also would have to assume all responsibilities and operational and maintenance expenses for the garden, including insurance and indemnification of the city, under terms of a sublease from the city.
Even indemnification of officers by general resolution or through a section of the by-laws may be insufficient protection, said Frank Karelsen, chairman of the New York State Bar Association's Committee on Co-ops and Condominiums.
Wynn's articles of incorporation are typical of publicly traded companies by providing for indemnification of legal fees resulting from litigation related to a director's conduct.
