the indemnified party promptly notifies the indemnifying party of any claim; and 13.5.2. the indemnifying party is given immediate and complete control of the indemnified claim; and 13.5.3.
Hypo Real's new credit line will presumably have shunted unsecured creditors down the queue too.So far only the Irish solution has avoided this adverse effect, by indemnifying most creditors and allowing shareholders to reap the subsequent gains.
Similar schemes, which aim to deter runs by indemnifying savers from losses up to a certain level if their bank goes bust, spread through Europe in the wake of financial crises from the 1970s on.
But Mr Lerach also says that his fees (typically 12-15% of an award, but less on Enron) are based, in part, on whether he can force the banks to stop indemnifying themselves against their due-diligence failures as underwriters of securities.
Panetta also argued forcefully in favor of indemnifying any C.I.A. officers whose actions, as described in the memos, might have opened them up to criminal charges.
"State law prohibits the city from representing or indemnifying city employees who are found to have violated agency rules and regulations," Mr. Cardozo said in a statement.
Starting in July, European insurers and reinsurers will be banned from indemnifying ships carrying Iranian crude and oil products anywhere in the world, in line with sanctions on Tehran.
IN order for one of my boys to play indoor lacrosse this winter, I was asked to sign a release indemnifying the sports dome and a long list of its business associates, volunteers, advertisers and (presumably) their family pets against any possible claim filed on behalf of my son.
Mr. Cardozo said in a statement on the Bologna case, "State law prohibits the city from representing or indemnifying city employees who are found to have violated agency rules and regulations".
Denver handled the painstaking process of indemnifying the artworks, and Columbus took on the budget and expenses.
One parent (who asked not to be named) had to sign a form indemnifying the Girl Scouts of Northern California so that her daughter could take part in a ropes course high off the ground.
