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4.6 SR 12-02-2024
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4.6 SR 12-02-2024
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extent permitted by law and legally available funds,Client is responsible for and shall bear the <br />risk of loss for,shall pay directly,and shall defend against any and all claims,liabilities, <br />proceedings,actions,expenses,damages or losses arising under or related to: <br />11.2.1 Any Losses arising out of or related to Client ’s breach of any of Client ’s <br />representations,warranties,or obligations under this Agreement;and <br />11.2.2 Any Losses awarded against LIV in a final judgment and arising out of or <br />resulting from any Third-Party Action: <br />(a)For bodily injury,death of any person or damage to real or tangible, <br />personal property resulting from Client ’s grossly negligent or willful acts or omissions; <br />(b)Based on Client ’s or any Authorized User ’s (i)use of Vault or the <br />Services in combination with data,software,hardware,equipment,or technology not provided <br />by LIV or authorized by LIV in writing,or (ii)modifications to Vault or the Services not made by <br />LIV. <br />MASTER SERVICES AGREEMENT -11 <br />56428.0002.14325562.1 <br />11.3 Indemnification Procedures.The party seeking indemnification under this <br />Agreement must promptly notify the indemnifying party in writing of any Action and cooperate <br />with the indemnifying party at the indemnifying party ’s sole cost and expense.The indemnifying <br />party shall immediately take control of the defense and investigation of such Action and shall <br />employ counsel of its choice to handle and defend that Action,at the indemnifying party ’s sole <br />cost and expense.The indemnifying party shall not settle any Action in a manner that adversely <br />affects the rights of the indemnified party without the indemnified party ’s prior written consent, <br />which shall not be unreasonably withheld or delayed.The indemnified party ’s failure to perform <br />any obligations under this Section 11.3 will not relieve the indemnifying party of its obligations <br />under this Section 11.3 unless,and then solely to the extent that,the indemnifying party can <br />demonstrate that it has been materially prejudiced as a result of such failure.The indemnified <br />party may participate in and observe the proceedings at its own cost and expense. <br />11.4 Infringement Remedy.If a Third-Party Action that would entitle Client to <br />indemnification under Section 11.1.2 is made or appears possible,Client shall permit LIV,at LIV’s <br />sole discretion,to (a)modify or replace Vault or the Services,or component or part thereof,to <br />make it non-infringing,or (b)obtain the right for Client to continue to use the item in question. <br />If LIV determines that neither alternative is reasonably available,LIV may terminate this <br />Agreement,either in its entirety or with respect to the affected component or part,effective <br />immediately on written notice to Client.SECTION 11.1.2 AND THIS SECTION 11.4 SET FORTH <br />CLIENT’S SOLE REMEDIES AND LIV ’S SOLE LIABILITY AND OBLIGATION FOR ANY ACTUAL, <br />THREATENED,OR ALLEGED CLAIM THAT VAULT OR THE SERVICES INFRINGE,MISAPPROPRIATE, <br />OR OTHERWISE VIOLATE ANY INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY.LIV’S <br />LIABILITY UNDER SECTION 11.1.2 AND THIS SECTION 11.4 IS SUBJECT TO THE LIABILITY LIMITS <br />SET FORTH IN SECTION 12. <br />SECTION 12.ASSUMPTION OF RISK;LIMITATION OF LIABILITY <br />Page 131 of 211
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