District of Columbia § 2-1137 Indemnification.

District of Columbia Statutes

§ 2-1137 — Indemnification.

District of Columbia·Title 2 Government Administration.·Ch. 11A Chesapeake Regional Olympic Games Authority.

(a)Any liability incurred by the Regional Authority, not covered by insurance under § 2-1136(c)(4)(C) , shall be further indemnified by the Signatories, in proportion to the relative economic benefit currently expected to accrue to each Signatory from hosting the Olympic Games, as follows:

(1)The State of Maryland shall be liable for 53%;

(2)The Commonwealth of Virginia shall be liable for 19%; and

(3)The District of Columbia shall be liable for 28%.

(b)Each of the Signatories may provide for its share of any possible liability in any manner it may choose, as befits each Signatory’s independent commitment.

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(a) Any liability incurred by the Regional Authority, not covered by insurance under § 2-1136(c)(4)(C) , shall be further indemnified by the Signatories, in proportion to the relative economic benefit currently expected to accrue to each Signatory from hosting the Olympic Games, as follows:

(1) The State of Maryland shall be liable for 53%;

(2) The Commonwealth of Virginia shall be liable for 19%; and

(3) The District of Columbia shall be liable for 28%.

(b) Each of the Signatories may provide for its share of any possible liability in any manner it may choose, as befits each Signatory’s independent commitment.

District of Columbia § 2-1137 (Indemnification.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.