Notwithstanding any law to the contrary, subject to and consistent with the conditions provided in Section 25 of this Act, the State of Illinois shall indemnify, hold harmless, defend, and release the Operator from and against any public liability action asserted against the Operator, subject to the following terms and conditions:
     (a) The obligation of the State of Illinois to indemnify the Operator does not extend to any public liability arising out of or relating to:
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Terms Used In Illinois Compiled Statutes 20 ILCS 1108/30

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (1) the intentional or willful misconduct of the
    
Operator;
        (2) the failure of the Operator to materially comply
    
with any applicable law, rule, regulation, or other requirement established by the Federal Department, Agency, or State of Illinois for the carbon capture and storage of the sequestered CO2, including any limitations on the chemical composition of any sequestered CO2;
        (3) any pre-injection activities of the Operator; or
         (4) a qualified loss to the extent that it is equal
    
to or less than $100,000,000 or is covered by the combination of funds in an insurance policy under subsection (a) of Section 25 of this Act, funds in the CO2Storage Trust Fund under subsection (b) of Section 25 of this Act, project assets, and cash or cash equivalents.
    (b) The indemnification obligations of the State of Illinois assumed under Section 30 of this Act shall be reduced in proportion and be subordinated to any federal indemnification that covers all or a portion of the State’s obligations.
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