Sample Indemnification Clause For Non-profit

• Category: Contracts - Indemnification
• State: Multi-State
• Control #: US-0745-WG
• Format: Word; Rich Text

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.

A sample indemnification clause for a non-profit organization is a provision in its bylaws or governing documents that offers protection to its directors, officers, staff members, and volunteers from legal liabilities arising from their duties. This clause serves as a safeguard, ensuring that individuals associated with the non-profit are indemnified against any expenses incurred due to legal actions. Here is an example of a typical Sample indemnification clause for non-profit organizations: "Indemnification: To the fullest extent permitted by law, the organization shall indemnify its directors, officers, employees, and volunteers (collectively referred to as "indemnified parties") from any and all liabilities, expenses, damages, losses, claims, or judgments, including reasonable attorney fees, arising out of or connected with the performance of their official duties or with their actions on behalf of the organization. This indemnification shall apply whether the indemnified party continues to serve in their official capacity at the time when any expenses or liabilities are incurred. Indemnification under this clause shall not extend to any indemnified party for liabilities or expenses arising out of their willful misconduct or gross negligence. The organization may provide advances for legal expenses to an indemnified party upon approval of its board of directors, provided that the party agrees to repay such advances if it is later determined that they are not entitled to indemnification." Different types of Sample indemnification clauses for non-profit organizations might include variations or specific provisions based on the organization's activities, legal requirements, or risk management policies. Some additional types or provisions may include: 1. Broad Form Indemnification: This clause expands the indemnification coverage, allowing the non-profit to protect its directors, officers, employees, and volunteers against all liabilities and expenses incurred in connection with their official duties, even if they were acting in good faith. 2. Limited Form Indemnification: In contrast to the broad form indemnification, this clause limits the scope of indemnification, protecting the indemnified parties only from liabilities and expenses incurred while acting within the bounds of their official duties and in good faith. 3. Advancement of Expenses: This provision allows non-profits to provide immediate financial assistance, such as advances for legal fees, to an indemnified party during legal proceedings, ensuring they can adequately defend themselves without facing financial hardship. 4. Duty to Defend: This clause specifies that the non-profit organization has an obligation to provide legal defense for the indemnified parties in any legal action arising from their official duties or actions on behalf of the organization. It is crucial for non-profit organizations to carefully tailor their indemnification clauses to their specific needs and consult legal professionals familiar with non-profit law to ensure compliance with applicable regulations.