Air Canada 2012 Annual Report Download - page 64

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2012 Air Canada Annual Report
64
When Air Canada, as a customer, enters into technical service agreements with service providers, primarily service providers
who operate an airline as their main business, Air Canada has from time to time agreed to indemnify the service provider
against certain liabilities that arise from third party claims, which may relate to the services performed by the service provider.
Under its general by-laws and pursuant to contractual agreements between Air Canada and each of its officers and directors,
Air Canada has indemnification obligations to its directors and officers. Pursuant to such obligations, Air Canada indemnifies
these individuals, to the extent permitted by law, against any and all claims or losses (including amounts paid in settlement of
claims) incurred as a result of their service to Air Canada.
The maximum amount payable under the foregoing indemnities cannot be reasonably estimated. Air Canada expects that it
would be covered by insurance for most tort liabilities and certain related contractual indemnities described above.