This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Article 22. Indemnification
22.1
LPL shall indemnify and hold harmless NEG and the JVC from and against, and shall reimburse NEG or the JVC for, any and all losses, deficiencies, diminution of value, expenses
(including costs of investigation and defense and reasonable attorneys’ and accountants’ fees), or damages of any kind or nature whatsoever, whether or not involving a third-party claim (collectively, “Damages”), incurred
thereby or caused thereto, directly or indirectly, in connection with:
(a)
any material breach of or inaccuracy in any material representation or warranty made by LPL in this Agreement or any other document delivered pursuant to this Agreement, other than
those, if any, that have been waived in writing by NEG; or
(b)
any material breach or violation of or failure to fully perform any covenant, agreement, undertaking or obligation of LPL set forth in this Agreement, other than those, if any, that
have been waived in writing by NEG.
22.2
NEG shall indemnify and hold harmless the LPL and the JVC from and against, and shall reimburse the LPL or the JVC for, any and all Damages, incurred thereby or caused thereto,
directly or indirectly, in connection with:
(a)
any material breach of or inaccuracy in any material representation or warranty made by NEG in this Agreement or any other document delivered pursuant to this Agreement, other than
those, if any, that have been waived in writing by the LPL; or
(b)
any material breach or violation of or failure to fully perform any covenant, agreement, undertaking or obligation of NEG set forth in this Agreement, other than those, if any, that
have been waived in writing by the LPL.
