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Equipment owned by Seller shall remain the property of Seller and may be removed from a 76 Asset, upon completion of Baseline Corrective Action at a 76 Asset. 8. Indemnification. (a) Seller's Indemnification: Seller shall indemnify, defend and hold harmless Purchaser from and against: (i) subject to Section 4(a), Baseline Corrective Action Costs; (ii) Compliance Action Costs, except for that portion of such costs to be paid by Purchaser pursuant to Section 4(c); (iii) migration of a Hazardous Substance after the Closing which would not have occurred but for Baseline Corrective Action conducted by Seller in a manner which constitutes gross negligence or willful misconduct; (iv) subject to Section 10, any damage resulting from any inaccuracy in any representation or warranty of Seller in this Agreement; (v) Retained Environmental Liabilities; and (vi) any other obligations for which Seller has assumed responsibility pursuant to this Agreement. (b) Purchaser's Indemnification: Purchaser shall indemnify, defend and hold harmless Seller from and against: (i) Corrective Action costs resulting from the ownership or operation of the 76 Assets by Purchaser after the Closing which are not included in Baseline Corrective Action Cost; (ii) Purchaser's share of Baseline Corrective Action Costs as provided in Section 4(a); (iii) Compliance Action Costs resulting from the ownership or operation of the 76 Assets by Purchaser as provided in Section 4(c); (iv) migration of a Hazardous Substance after the Closing which would not have occurred but for Baseline Corrective Action conducted by Purchaser in a manner which constitutes gross negligence or willful misconduct; (v) all Baseline Corrective Action Costs incurred more than twenty-five (25) years after the Closing, except as provided in Section 4(a); (vi) subject to Section 10, any damage resulting from any inaccuracy in any representation or warranty of Purchaser in this Agreement; and (vii) any other obligations for which Purchaser has assumed responsibility pursuant to this Agreement. (c) Indemnification Procedures. Whenever Purchaser or Seller becomes aware of a claim with respect to a 76 Asset ("Indemnified Party") for which the other party ("Indemnifying Party") is obligated to provide indemnification, the Indemnifying Party shall, within a reasonable period of time, give prompt notice thereof (a "Claim Notice"), together with copies of written information relating to such claim, and shall have the right to assume responsibility for the obligation to be indemnified. Unless within twenty (20) days after such notice is given to the Indemnifying Party, the Indemnifying Party gives the Indemnified Party notice of its election to assume the obligation, the Indemnifying Party shall be deemed to have waived such right. If the Indemnifying Party elects to assume such obligation, (i) the Indemnifying Party shall take such action as is reasonably necessary to protect the Indemnified Parry and (ii) the Indemnifying Party will keep the Indemnified Parry fully advised as to such actions. If the Indemnifying Party elects to assume responsibility for the obligation to be indemnified, the Indemnified Party may take action that is reasonably necessary to protect it fully. I 10.