Agenda Packets - 1989/04/10 - Laserfiche WebLink

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04%06%89 12:02 V612 593 1949 ® have sustained, and the amount paid by or on behalf of said �►" Releasees is paid in settlement and compromise of the clains, without in any way admitting liability for any claims made by the Claimant. No promise has been made to pay further or other sums or any further or other consideration for this Settlement Agreement. 5. Indemnity Agreement. The Claimant hereby agrees to defend, protect, indemnify, and save harmless the Releasees for any and all costs, including attorneys' fees, and the total amount of any payments by settlement or judgment without regard to the amou•.t of consideration paid for this Settlement Agreement, if any person, corporation or entity shall, ty assignment or other attempted transfer of rights, assert or attempt to assert any claim against Releasees by reason of the damages sustained by the Claimant. 6. Assignment. In consideration of the payments made, the Claimant hereby assigns to Releasees and each of them any and all rights which they have or may have in the future to recover all or any portion of the settlement paid to the Claimant and the costs, expenses, and fees paid by the Releasees from LTV Corporation, its agents, assigns, predecessors, successors, or any other persons, corporations and entities which participated in the manufacture, production, or fabrication of the subject pipeline or which performed any work on the subject pipeline and each and every insurer of the foregoing persons, corporations and entities, and any and all other persons, corporations or entities of any nature -5-