Air Canada 2009 Annual Report Download - page 138

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2009 Air Canada Annual Report
138
When the Corporation, as a customer, enters into technical service agreements with service providers, primarily service
providers who operate an airline as their main business, the Corporation has from time to time agreed to indemnify the
service provider against liabilities that arise from third party claims, whether or not these liabilities arise out of or relate
to the negligence of the service provider, but excluding liabilities that arise from the service provider’s gross negligence or
willful misconduct.
Under its general by-laws and pursuant to contractual agreements between the Corporation and each of its offi cers and
directors, the Corporation has indemnifi cation obligations to its directors and offi cers. Pursuant to such obligations, the
Corporation indemnifi es 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 the Corporation.
The maximum amount payable under the foregoing indemnities cannot be reasonably estimated. The Corporation expects
that it would be covered by insurance for most tort liabilities and certain related contractual indemnities described above.