Indemnity Agreement In The Estate Of Deceased (Page 3 of 3) in pdf

Indemnity Agreement In The Estate Of Deceased Page 3

Indemnity

The Charity covenants with the Executors that the Charity will, subject as provided below,

indemnify and keep indemnified the Executors in full and on demand against the Claim

(including such costs or other liabilities reasonably incurred by the Executors in connection

with such Claim) insofar as the Claim is not discharged by the Executors out of any assets for

the time being retained by them and forming part of the Deceased’s estate, or out of any

income from those assets, or out of any other assets available to the Executors by way of

security for the Claim.

Provision of Information

3.1

The Executors (or any one of them) shall as soon as is reasonably practicable, and in

any event within 21 days of receipt of any such communication, notify the Charity in

writing of any communication indicating that the Claim is to be pursued.

3.2

The Executors (or any one of them) shall, as soon as is reasonably practicable, make

available to the Charity, its advisers, agents and authorised representatives such

information and records relating to the Claim as the Charity may reasonably require

and the Executors shall reasonably be able to provide.

Limitations

The Charity’s liability under the covenant contained in clause 2 shall be limited in the manner

described in sub-clauses 4.1 and 4.2.

The Charity’s liability shall extend only to the period of 12 years from the first

4.1

anniversary of the Deceased’s death.

4.2

The Executors shall not accept compromise or otherwise admit the Claim without the

previous written consent of the Charity which should not be unreasonably withheld or

delayed.

Signed on behalf of

………………………………………………

The Trustees of Great Ormond Street

Date

Hospital Children’s Charity

Signed by

………………………………………………

[Executor]

Date

Indemnity Agreement In The Estate Of Deceased Page 3