Having one's own hold harmless
agreement recognizes two trends: 1) we are living in an overly regulated environment; and 2) it is more difficult now than ever before to do substantial amounts of business without client complaints.
Further, hold harmless
language can support and complement a duty to defend provision.
(1) No indemnification, hold harmless
, or similar agreement or conveyance shall be effective to transfer from the owner or operator of any vessel or facility or from any person who may be liable for a release or threat of release under this section, to any other person the liability imposed under this section.
* Health care related taxes and hold harmless
In leases, these documents sometimes are called "hold harmless
You may also work with your attorney to create a hold harmless
clause within a purchase order if one does not currently exist.
Parent and Seller shall indemnify and hold harmless
. Purchaser, Company, the Subsidiaries, and each of their respective affiliates, successors, and assigns, from and against all Taxes (i) with respect to all periods ending on or prior to the Closing Date, (ii) with respect to any period beginning before the Closing Date and ending after the Closing Date, but only with respect to the portion of such period up to and including the Closing Date (such portion, a "Pre-Closing Partial Period"), or (iii) payable as a result of a material breach of any representation or warranty set forth in Section XX of this Agreement.
About 175 districts stand to lose $225 million annually when that "hold harmless
" provision, known as Additional State Aid for Tax Reduction, or ASATR, expires next September.
The rating also considers the expectation that the hold harmless
phase out will impact future growth in pledged revenues, which may also affect future debt service coverage levels.
The budget bill sets the premium level for higher-income recipients in 2016 by arguing that $120 is the premium that would otherwise be paid by all beneficiaries in 2016 "if the hold harmless
provision in current law did not apply."
The groups want lawmakers to find a way to compensate for the effects of a collision between a cost of living adjustment mechanism and a 1988 "hold harmless
" law that keeps increases in Part B premiums from biting into Social Security retirement benefits for most Part B enrollees with annual income below a high-income enrollee cut-off.