Members Only Mode
  • You need to register to view content, it's 100% free
  • Please register below to remove this limitation
  • Truckingboards is a MEMBERS ONLY Private Forum that first got it's start in 1999, Membership is 100% Free, We have Over 40k Members and approaching 2 million posts that date back to the early 2000's.Registration is easy and fast. We specialize in LTL trucking. Get off those Facebook Groups and come to a place where your identity will be unknown unless you tell someone. Truckingboards has a mobile app that works for Android you can install from your mobile browser. Sorry Apple Users, I know nothing about them.

    Click Here

    For instructions on how to install the mobile app.

indemnity clause


Active Member
According to the TNFINC YRCW Term sheet from the last vote it states:
"Indemity: Company would indemnify the Union if it is sued as a result of thie Term Sheet and related transactions."

So SOMEONE must have assumed there could be a lawsuit. And what exactly does this statement mean?


Well-Known Member
so what that saying if i read this right is the company would pay the union for any losses in a court suit?


Well-Known Member
and if yrcw were to lose this lawsuit, the union could get in line with all the other bill collectors. yrcw had nothing to lose by agreeing to this. it was all a bunch of smoke.


The onion is just another subsidiary of yrcw, just like new penn, etc. If this pos company has that kind of money why don't they bail out the pension. Maybe they should sell the rights and make a soap opera out of this mess. The ":****:ty days of our lives", "As the bull:****: turns", "General :****: Hospital" or my favorite, "The young and the stupid yes men"! I smell an emmy here!!!


First you better explain to us what "indemnify the Union" means:)

From the term sheet:

To the maximum extent legally permissible, the Company would indemnify on reasonable terms and conditions TNFINC and its controlling persons, directors, officers, partners, affiliates, agents, representatives, advisors (legal and financial) and employees from and against all liabilities, losses, claims damages, actions, proceedings, investigations or threats thereof, including without limitation, all costs and expenses (including legal fees and expenses) incurred in connection with the defense thereof arising out of or relating to the execution, delivery or performance of this term sheet and the transactions contemplated hereby.


Active Member
Matthew 5:44 But I tell you, love your enemies and pray for those who persecute you,

or....another word of advice:Love the people who treat you right and prey on the ones who don't.....
oh wait, I mean pray FOR the ones who don't. Yep that's it ;)