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    'DQD&RUSRUDWLRQY&HORWH[          1RV       1RV          'DQD&RUSRUDWLRQY&HORWH[              
      $VEHVWRV6HWWOHPHQW7UXVW                                                                 $VEHVWRV6HWWOHPHQW7UXVW

contract construction. See Ford Motor Co. v. John L. Frazier       VXPPDU\ MXGJPHQW RQ WKH EDVLV RI UHV MXGLFDWD HTXLWDEOH
& Sons Co., 196 N. E. 2d 335, 337 (Ohio Ct. App. 1964).            GLVFKDUJHDQGUHOHDVHDQGODWHQRWLFH
     4.   S&K Comp’s $900,000 Note owed to Dana but                   7KHGLVWULFWFRXUWGHQLHGWKH7UXVW¶VPRWLRQIRUVXPPDU\
          Transferred to Philip Carey                              MXGJPHQWDQGJUDQWHG'DQD¶VPRWLRQIRUVXPPDU\MXGJPHQW
                                                                   7KHFRXUWDGGHGLQLWVRUGHUWKDW³VXPPDU\MXGJPHQWVKDOOEH
   The district court found that the parties’ treatment of an      HQWHUHGLQIDYRURI'DQDRQWKHEDVLVWKDW3DQDFRQ¶VPHUJHU
S&K note owed to Dana but transferred to Philip Carey              RI3KLOLS&DUH\RI1HZ-HUVH\LQWRLWVHOIPDWHULDOO\DOWHUHGWKH
without recourse against Dana also supported its decision and      ULVNVWR'DQDDVDQLQGHPQLWRUWKHUHE\UHOLHYLQJ'DQDRIDQ\
cut against the Trust’s position. The district court reasoned      REOLJDWLRQ WR LQGHPQLI\ 3KLOLS &DUH\ RU LWV VXFFHVVRUV LQ
that to read the indemnification provision as obligating Dana      LQWHUHVWLQFOXGLQJ&HORWH[DQGWKH&HORWH[7UXVWXQGHUWKH
for all of S&K’s pre-closing obligations and liabilities, as the   LQGHPQLILFDWLRQDJUHHPHQW´-$DW,QDIRRWQRWHWR
Trust contends, would conflict with the parties’ agreement for     WKHRUGHUWKHGLVWULFWFRXUWDGGHGDVIROORZV
S&K to transfer its $900,000 note to Philip Carey without
recourse. We agree that it is unlikely that the parties would           1R GHFLVLRQ LV UHDFKHG ZLWK UHJDUG WR WKH RWKHU
not have treated the note in this fashion if Dana was to be held     VXPPDU\ MXGJPHQW PRWLRQV DQG LVVXHV EHFDXVH WKH
liable for all of S&K’s liabilities under the Agreement.             GHFLVLRQV LQ IDYRU RI 'DQD RQ WKH LVVXHV RI WKH
                                                                     LQWHUSUHWDWLRQRIWKHLQGHPQLILFDWLRQDJUHHPHQWDQGWKH
   In summary, the district court properly found that under          HIIHFW RI 3KLOLS &DU\ RI 1HZ -HUVH\¶V PHUJHU LQWR
§ 6.1(c) of the Agreement, Dana’s obligation to indemnify did        3DQDFRQUHVROYHWRILQDOLW\WKHOLWLJDWLRQEHWZHHQ'DQD
not trigger until such time that Philip Carey was damnified.         DQGWKH&HORWH[7UXVW7RHQWHUILQDOMXGJPHQWLQWKLV
Because three years after Philip Carey bought S&K’s stock            FDVH D GHFLVLRQ DV WR WKH RWKHU LVVXHV LV WKHUHIRUH
from Dana, Philip Carey then called Panacon after merging           XQQHFHVVDU\$VLPSRUWDQWO\WKHLVVXHVUDLVHGE\'DQD¶V
with Briggs  merged with Celotex, S&K’s liabilities at the          PRWLRQIRUHTXLWDEOHGLVFKDUJHGXHWRWKHIDLOXUHRIWKH
point when damnification occurred were Celotex’s own                 &HORWH[ 3ODQ RI 5HRUJDQL]DWLRQ WR DFNQRZOHGJH DQG
liabilities, thereby making the district court’s summary             DFFRPPRGDWH'DQD¶VULJKWVDVDSXWDWLYHLQGHPQLWRUDUH
judgment dismissal of the matter in favor of Dana proper.            FRPSOH[DQGQRYHO)XUWKHUPRUHWKRVHLVVXHVUHODWHDW
                                                                     OHDVWLQSDUWWRWKHUHODWLRQVKLSEHWZHHQWKLV&RXUWDQG
II. Case 99-4493: Motion for Permanent Injunction                    WKH%DQNUXSWF\&RXUWZLWKLWVVSHFLDOL]HGMXULVGLFWLRQ,W
                                                                     LV DSSURSULDWH DFFRUGLQJO\ WR UHIUDLQ IURP DGGUHVVLQJ
  In South Central Power Company v. International                    WKRVHLVVXHVLQDQDGYLVRU\PDQQHU
Brotherhood of Electrical Workers, Local Union 2359, this
Court opined that "[a] district court’s decision to grant or       -$DW,Q&DVH1RWKH7UXVWQRZDSSHDOVWKH
deny a permanent injunction is reviewed under several              GLVWULFWFRXUW¶VGHFLVLRQJUDQWLQJVXPPDU\MXGJPHQWWR'DQD
distinct standards. Factual findings are reviewed under the        DQGGHQ\LQJVXPPDU\MXGJPHQWWRWKH7UXVW
clearly erroneous standard, legal conclusions are reviewed de
novo, and the scope of injunctive relief is reviewed for an           )ROORZLQJWKHGLVWULFWFRXUW¶VHQWU\RIVXPPDU\MXGJPHQW
abuse of discretion." 186 F.3d 733, 737 (6th Cir. 1999)            LQ'DQD¶VIDYRUWKHSDUWLHVUHTXHVWHGHQWU\RIILQDOMXGJPHQW
(citing Walters v. Reno, 145 F.3d 1032, 1047 (9th Cir. 1998)).     SXUVXDQWWR)HG5&LY3E'DQDDOVRILOHGDPRWLRQ
       'DQD&RUSRUDWLRQY&HORWH[             1RV          1RV          'DQD&RUSRUDWLRQY&HORWH[        
         $VEHVWRV6HWWOHPHQW7UXVW                                                                       $VEHVWRV6HWWOHPHQW7UXVW

IRUDSHUPDQHQWLQMXQFWLRQFODLPLQJWKDWZLWKRXWWKLVUHOLHI              simply an indemnification provision. See, e.g., Wilson, 9
LW IHDUHG WKDW GLVSHUVDO RI ³'DQD ULJKWV´ WR WHQV LI QRW         Ohio St. at 469; Midwest Specialities, Inc. 940 F. Supp. at
KXQGUHGV RI WKRXVDQGV RI FODLPDQWV E\ WKH 7UXVW ZRXOG              1168 ("Under Ohio law, . . . [t]he right to indemnity and/or
XOWLPDWHO\UHVXOWLQUHQHZHGHIIRUWVE\FODLPDQWVWROLWLJDWH               contribution becomes complete and enforceable only upon
FODLPV XQGHU WKH LQGHPQLW\ SURYLVLRQ HOVHZKHUH WKDQ WKH              payment by the claimant satisfying the whole of the
1RUWKHUQ'LVWULFWRI2KLR'DQDEHOLHYHGWKDWIUDJPHQWDWLRQ                obligation.")
RIWKH7UXVW¶VXQLWDU\FODLPXQGHUWKHLQGHPQLW\DJUHHPHQW
PD\DOEHLWLQVRPHSUHVHQWO\XQIRUHVHHDEOHIRUPDQGIRUXP                     2.   Section 7.6  "Binding Effect, Benefits"
UHVXOWLQLWVEHLQJIRUFHGWROLWLJDWHPDQLIROGFDVHVLQPXOWLSOH
MXULVGLFWLRQV'DQDPDLQWDLQHGWKDWLIVXFKDQHYHQWZHUHWR                 The district court found that § 7.6 of the Agreement also
RFFXURQHYHQDVPDOOVFDOH'DQDZRXOGEHGLVDGYDQWDJHGE\                 demonstrated the parties’ intent to limit Dana’s
WKH H[SHQVHV DQG XQFHUWDLQW\ RI GXSOLFDWLYH  OLWLJDWLRQ DQG         indemnification obligation. In § 7.6, the parties agreed that
SUHMXGLFHGE\WKHULVNRILQFRQVLVWHQWMXGJPHQWV                           neither S&K nor anyone else would benefit from the
                                                                            agreement between Dana and Philip Carey:
  ,QUXOLQJRQ'DQD¶VPRWLRQIRUSHUPDQHQWLQMXQFWLYHUHOLHI
WKHGLVWULFWFRXUWEHJDQE\VHWWLQJIRUWKWKHSULQFLSDOLVVXHV                [N]othing in this agreement express or implied is
LQYROYHG                                                                     intended to confer on any person, other than the parties
                                                                              hereto, any rights, remedies, agreements, understandings,
      :KHWKHU WKH 7UXVW VKRXOG EH HQMRLQHG IURP                       obligations, or liabilities under or by reason of this
  WUDQVIHUULQJ³'DQDULJKWV´SXUVXDQWWRWKHSURYLVLRQVRI                    Agreement.
  WKH3ODQDQG
                                                                            (J.A. at 371-72.) The practical effect of this section is that it
     7KHQDWXUHRIWKHQRWLFHWKDWVKRXOGEHJLYHQWR                     demonstrates that under the terms of the Agreement, S&K
  FODLPDQWVDERXWWKLVFRXUW¶VSULRURUGHUVDQGGHFLVLRQV                  was not relieved of its obligations and liabilities for which it
  ZKHUHE\DOOOLWLJDWLRQUHODWLQJWRWKHLQGHPQLW\SURYLVLRQ                was not an indemnitee.
  PD\EHEURXJKWRQO\LQWKLVFRXUWDQGVXPPDU\MXGJPHQW
  KDV EHHQ HQWHUHG LQ 'DQD¶V IDYRU RQ WKH PHULWV RI WKH               3.   Section 2.8  "Absence of Undisclosed Liabilities"
  7UXVW¶VFODLPXQGHUWKHLQGHPQLW\SURYLVLRQ
                                                                               In this section, Dana warranted that in accordance with
-$,, DW  The district court then noted that Dana’s               generally accepted accounting principles, S&K’s balance
fears originated "in the persistent desire of counsel for                   sheet made full and adequate provision for all obligations and
asbestos claimants to sue Dana in disparate courts of their                 liabilities, fixed or contingent, of that company, and that no
choice, rather than in a single court." The district court cited            such obligations or liabilities in an aggregate amount greater
the Lee case which originated in Georgia and the suit that                  than $10,000 were not reflected or reserved against in the
                                                                            balance sheet. Therefore, the effect of this section is to
                                                                            allocate a category of S&K’s liabilities to Philip Carey and,
                                                                            as found by the district court, interpreting the indemnification
     :H
     
           VKDOO UHIHU WR WKH MRLQW DSSHQGL[ VXEPLWWHG LQ FRQQHFWLRQ ZLWK
                                                                            agreement provision as making Dana liable for all of S&K’s
                                                                            liabilities would render § 2.8 surplusage, in violation of
&DVH 1R  DV ³-$,,´ IRU HDVH RI UHIHUHQFH
    'DQD&RUSRUDWLRQY&HORWH[           1RV       1RV          'DQD&RUSRUDWLRQY&HORWH[        
      $VEHVWRV6HWWOHPHQW7UXVW                                                                  $VEHVWRV6HWWOHPHQW7UXVW

This conclusion is supported by the plain language of § 6.1(c)      Celotex filed in the Middle District of Florida against Dana as
as well as the other provisions of the contract. We are not         examples of the type of split litigation that Dana feared.
persuaded otherwise by the Trust’s attempt to distinguish
between "loss" and "liability" for purposes of determining            The district court also made note of the fact that Celotex
when the obligation to indemnify is triggered.                      did not seek leave to have its claim against Dana litigated on
                                                                    the merits in the bankruptcy proceedings, but instead
     1.   Other Subsections of Section 6.1                          facilitated the attempt of Anderson Memorial Hospital to seek
                                                                    recovery against Dana on the indemnity provision through a
  Subsection (a) and (b) of section 6.1 also support the            lawsuit in South Carolina state court, in derogation of the
conclusion that subsection (c) is a simple indemnification          1987 injunction. The district court found that in order to
agreement and not an agreement to pay. For example, the             accomplish its end of suing Dana in South Carolina state
language of subsections (a) and (b) reads that Dana agrees to       court, Celotex assigned a portion of its claim against Dana to
"reimburse and indemnify" Philip Carey "against and in              a putative class of asbestos property damage claimants. The
respect of,"                                                        district court opined that the express purpose of that
                                                                    assignment was to enable counsel for Anderson to pursue
  (a) any loss, liability or damage to [Philip Carey] or            Dana under the indemnity provisions of the Agreement in
  [S&K], in excess of the reserve for bad debt loss, if any,        South Carolina. The district court also expressly noted that
  reflected in the Balance Sheet, resulting from the                in response to the show cause motion filed by Dana against
  noncollection of any receivable (other than receivables           Anderson in the South Carolina suit, Anderson was found in
  owing by [Philip Carey]) referred to in Section 2.2(b)            contempt of the 1987 injunction. The district court also took
  hereof;                                                           note of the fact that "the parties and lawyers in the Chapter 11
                                                                    proceeding created the mechanism for claim splitting as
  (b) any loss, liability or damage to [Philip Carey] or            presently found in the plan . . . . [t]hereby [allowing]
  [S&K] arising from any breach of any representation or            Celotex’s unitary claim against Dana to be atomized into
  warranty contained herein . . . .                                 thousands of separate, free-standing claims assigned to
                                                                    individual asbestos claimants." (J.A.II at 110.) The district
(J.A. at 371.) These two provisions, aside from expressly           court expressed its concern that "[n]o similar provision
agreeing to indemnify S&K as well as Philip Carey, expressly        applies under the plan to Celotex’s insurers. From the record
state the type of harm that triggers the duty to indemnify;         presently before this court, it appears that no similar provision
namely, "loss, liability, or damage . . . for bad debt loss . . .   has ever been included in other asbestos-related bankruptcy
reflected in the Balance Sheet," § (a), or "loss, liability, or     reorganization plans." (J.A.II at 111.) The court opined:
damage . . . arising from any breach of any representation or
warranty," § (b), thus differentiating these subsections from           No one suggests any other explanation for this aspect
(c) which does not provide for the nature of the harm that            of the plan other than a desire to deny Dana the
must occur as precondition for indemnification. As noted              protection of [the 1987] injunction and deprive it of a fair
above, and as found by the district court, the additional             opportunity to litigate the merits of the indemnification
language in subsections (a) and (b) as opposed to subsection          claim to finality in a single proceeding in a single court.
(c) indicates that the parties intended to limit the application      I find that the motivating purpose of claim splitting
of subsection (c), and that under Ohio law, subsection (c) is         among tens, if not hundreds of thousands of Celotex’s
    'DQD&RUSRUDWLRQY&HORWH[          1RV       1RV         'DQD&RUSRUDWLRQY&HORWH[       
      $VEHVWRV6HWWOHPHQW7UXVW                                                                $VEHVWRV6HWWOHPHQW7UXVW

  claimants is to compel Dana to accede to the demand that         accrual."); see also Midwest Specialities, Inc. v. Crown Indus.
  it settle the Trust’s claim for indemnity under the S&K          Prods. Co., 940 F. Supp. 1160, 1168 (N.D. Ohio 1996)
  stock purchase agreement.                                        ("Under Ohio law, . . . [t]he right to indemnity and/or
                                                                   contribution becomes complete and enforceable only upon
(J.A.II at 111.)                                                   payment by the claimant satisfying the whole of the
                                                                   obligation.")
   The district court thereby granted Dana’s motion for
injunctive relief as well as the parties request for Rule 54(b)      An Ohio bankruptcy case also makes clear the distinction
certification of its order granting Dana summary judgment.         between a contract to indemnify and a contract to pay, noting
It is from the district court’s order granting Dana permanent      that the obligation to pay under the former is not triggered
injunctive relief that the Trust now appeals in Case No. 99-       until the indemnitee is damnified:
4493.
                                                                     If an agreement is to simply indemnify, and nothing
                       DISCUSSION                                    more, then damage must be shown before the indemnitee
                                                                     is entitled to recover. On the other hand, however, if
I. Case No. 99-4494: Motions for Summary Judgment                    there is an agreement to stand for a debt or to pay a sum
                                                                     certain, then it is no defense that the indemnitee has
  7KLV&RXUWUHYLHZVDJUDQWRIVXPPDU\MXGJPHQWGHQRYR            suffered no loss.
'H3LHURY&LW\RI0DFHGRQLD)GWK&LU
  6XPPDU\ MXGJPHQW LV DSSURSULDWH ZKHUH ³WKH          In re Highland Group, Inc., 136 B.R. 475, 478 (Bankr. N.D.
SOHDGLQJV GHSRVLWLRQV DQVZHUV WR LQWHUURJDWRULHV DQG       Ohio 1992). Highland involved a contract between a retailer
DGPLVVLRQVRQILOHWRJHWKHUZLWKWKHDIILGDYLWVLIDQ\VKRZ     and one of its suppliers, and provided that the supplier "will
WKDWWKHUHLVQRJHQXLQHLVVXHDVWRDQ\PDWHULDOIDFWDQGWKDW    indemnify and hold harmless J.C. Penney and J.C. Penney’s
WKHPRYLQJSDUW\LVHQWLWOHGWRDMXGJPHQWDVDPDWWHURIODZ´    agents and employees from and against any and all loss,
)(' 5 &,9 3F                                             liability or damage." Id. at 478-79. The bankruptcy court
                                                                   found that because the language of the agreement did not
   The district court held that the indemnification provision as   contain any language to suggest that it stood for a debt or to
provided in the Agreement between Dana and Philip Carey            pay a sum certain, the contract by its terms was one for
limited Dana’s obligation to instances in which Philip Carey       indemnity. Id. at 479.
was damnified, either by an unsuccessful defense of a claim
based on a tort by S&K, or by payment of such a claim. The           Here, the contract provides that Dana would "reimburse and
district court based its holding "on the plain meaning of          indemnify" Philip Carey; therefore, as found by the district
§ 6.1(c) [the indemnification provision], whereby Dana             court, the contract was one for indemnification and, under
agreed to ‘reimburse and indemnify’ Philip Carey for the           Ohio law, Dana’s obligation to pay was not triggered until
‘obligations and liabilities’ of Smith & Kanzler Company."         Philip Carey was damnified. In other words, Dana could only
(J.A. at 140.) The district court also based its holding on        be successfully sued under the indemnity agreement for some
other provisions in the Agreement which were more                  loss or obligation imposed on Philip Carey for the tortious
expansive than § 6.1(c) in that they benefitted Dana, Philip       conduct of S&K  i.e., when Philip Carey was damnified as
Carey, and S&K alike. However, with regard to § 6.1(c), the        a result of S&K’s conduct. See Wilson, 9 Ohio St. at 469.
   'DQD&RUSRUDWLRQY&HORWH[            1RV     1RV          'DQD&RUSRUDWLRQY&HORWH[      
     $VEHVWRV6HWWOHPHQW7UXVW                                                                 $VEHVWRV6HWWOHPHQW7UXVW

  the just claims against said firm J. M. Tooker & Co., then      district court explained, the parties expressly excluded S&K
  this obligation is to be void and of no effect; otherwise to    as an indemnitee  as evidenced by the final language of
  remain in full force and virtue.                                § 6.1(c) as opposed to prior drafts of this section.
Wilson, 9 Ohio St. at 469. The Supreme Court of Ohio                 The district court rejected the Trust’s reading of the
looked at this provision and opined that                          Agreement  that being that pursuant to § 6.1(c) Dana agreed
                                                                  to be obligated for all of S&K’s pre-closing obligations and
    [t]he phrase ‘settle up and liquidate,’ in the connection     liabilities  because this reading conflicted with the parties’
  of this bond, taken in connection with the accompanying         agreement to "a) transfer Smith & Kanzler Company’s
  recital, is equivalent to the word pay and imposes the          $900,000 note to Philip Carey and b) allocate any undisclosed
  obligation to pay all the debts of the late firm of J. M.       obligations and liabilities of Philip Carey which need not
  Tooker & Co., and is readily distinguishable from an            have been disclosed in accordance with generally accepted
  obligation to indemnify against a liability to pay. And         accounting principles." (J.A. at 140.) The district court
  the doctrine seems to be now well established, by a             further opined that it was required to read § 6.1(c) in
  current of decisions both in this country and in England,       accordance with Ohio’s common law of indemnification
  that if there be a contract to indemnify simply, and            which makes clear that an agreement to indemnify differs
  nothing more, then damage must be shown before the              from a commitment to pay. (J.A. at 140) (citing Wilson v.
  party indemnified is entitled to recover; but if there be an    Stillwell, 9 Ohio St. 468, 470 (1869).) Finally, in rendering
  affirmative contract to do a certain act, or to pay a certain   its decision, the district court was persuaded by Dana’s
  sum or sums of money, then it is no defense to say that         argument that as a result of the Agreement, Philip Carey got
  the plaintiff has not been damnified; and that the measure      exactly what Dana had to sell -- a wholly owned subsidiary
  of damages in such case is the amount agreed to be paid,        whose liabilities could not, as a result of shareholder
  or the proper expense of doing the act agreed to be done.       immunity, be imposed on the parent company, and Dana
                                                                  could not therefore now be required to have greater liability
Id. at 469-70 (emphasis added). In other words, the Supreme       than what it had when it owned S&K. We agree with the
Court of Ohio held that inclusion of the phrase "settle up and    district court’s reasoning and conclusion.
liquidate" took this agreement out of the bounds of the rule
that a general agreement to indemnify requires that the             We begin with the plain language of § 6.1(c) as it appears
indemnitee be damnified before triggering the indemnitor’s        in final form in the Agreement:
obligation to pay. Thus, Wilson supports the proposition that
damages must be shown before the party indemnified is                 6.   Indemnification
entitled to recover under a contract to indemnify which does
not specify otherwise. This principle of Ohio has been                  6.1 Indemnification. The Shareholder [Dana]
repeatedly embraced since Wilson was decided many years             agrees to reimburse and indemnify Purchaser [Philip
ago. See Firemen’s Ins. Co. of Newark, N.J. v. Antol, 471           Carey] against and in respect of:
N. E. 2d 831, 835 (Ohio App. 3d 1984) (Whiteside, J.,
concurring) ("Unlike a subrogated claim, a claim for                                             ***
indemnity does not arise until payment is made in the absence
of an express contractual provision providing for an earlier
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       (c) all obligations and liabilities of the Subject            Accordingly, having found that Dana did not agree to
  Corporation [S&K] whether accrued, fixed, contingent or          indemnify S&K, but instead agreed to indemnify Philip Carey
  otherwise, aggregating in excess of $10,000, arising on          for any liability that it may have suffered as a result of S&K’s
  or before November 30, 1968 to the extent not reflected          tortious conduct, the issue becomes what triggered Dana’s
  or reserved against in the Balance Sheet; . . . .                obligation to indemnify. In other words, did Dana become
                                                                   obligated to indemnify for S&K’s tortious conduct at the time
(J.A. at 370-71.) Accordingly, as found by the district court,     the agreement was made, or did the obligation to indemnify
the very terms of § 6.1(c), provide that Dana agreed to            arise at some later dater date when damnification occurred.
reimburse and indemnify Philip Carey for "all obligations and      The district court found that under Ohio law, Philip Carey had
liabilities of the Subject Corporation [S&K];" Dana did not,       to suffer a damnification before Dana was required to
however, agree to indemnify S&K for its liabilities as             indemnify Philip Carey for S&K’s tortious conduct.
evidenced by a prior draft which provided as much, but was
rejected. Specifically, the prior draft provided that Dana            The Trust argues that the district court erred in this regard
would "indemnify and hold Purchaser [Philip Carey] and the         because Dana agreed to indemnify Philip Carey for all
Subject Corporation [S&K] harmless against and in respect          "liabilities" that it may suffer as a result of S&K’s conduct,
of . . . ." (J.A. at 594-96 (emphasis added).) Therefore, by       and not for all "losses," thereby rendering the triggering point
the language of the final draft as well as the what appears to     of Dana’s obligation at the time the liabilities accrued, and
be the intent of the parties, Dana agreed to indemnify Philip      not at the point when Philip Carey actually suffered a loss.
Carey alone for any liabilities that it incurred as a result of    The Trust maintains that there are two types of
S&K being found to be a tortfeasor. See Skivolocki v. E. Ohio      indemnification agreements  one which covers losses
Gas Co., 313 N. E. 2d 374, 376 (Ohio 1974) (noting that the        thereby requiring the indemnitee to suffer an out-of-pocket
court must look to the language of the agreement to interpret      loss before the indemnitor is required to pay, and one which
the parties’ intent when interpreting a contract dispute). The     covers liabilities thereby requiring the indemnitee to protect
Trust has offered nothing that has persuaded us to conclude        against liabilities when they accrue  and that because the
otherwise.                                                         Agreement provided that Dana would indemnify Philip Carey
                                                                   for any of S&K’s liabilities, Philip Carey did not have to
   The Trust disagrees with this reading of the Agreement and      actually suffer a loss before Dana’s obligation as an
maintains that it is not necessary to look at extrinsic evidence   indemnitor was triggered. The Trust relies upon Wilson v.
of prior drafts because the Agreement is plain on its face. We     Stilwell, 9 Ohio St. 467 (1869) in support of its position. The
are not persuaded by this argument, however, where even            Trust further contends that the district court’s interpretation
without the extrinsic evidence of a prior draft, a logical         of Wilson was erroneous. We disagree with the Trust in all
reading of the language of the Agreement cannot be                 respects.
interpreted to mean that Dana agreed to indemnify S&K for
its actions as a tortfeasor. See Lovewell v. Physicians Ins.         In Wilson, the provision in question provided:
Co., 679 N. E. 2d 1119, 1121 (Ohio 1997) (stating the "the
construction of contracts is a matter of law to be resolved by         The condition of this obligation is such that whereas
the court"); Carroll Weir Funeral Home, Inc. v. Miller, 207          the above-bounden John M. Tooker has agreed to pay all
N. E. 2d 747, 749 (Ohio 1965) (noting that contract terms are        the liabilities of the late firm of J. M. Tooker & Co. If
to be given their usual and ordinary meaning).                       the said John M. Tooker shall settle up and liquidate all
