Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. (b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. (c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture. (d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. (e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g) or (h) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 4 contracts
Samples: Fifth Supplemental Indenture (SM Energy Co), Fourth Supplemental Indenture (SM Energy Co), Third Supplemental Indenture (SM Energy Co)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gclause (7) or (h) 8) of Section 6.01 occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 4 contracts
Samples: Supplemental Indenture (Goodrich Petroleum Corp), Indenture (Goodrich Petroleum Corp), Indenture (Goodrich Petroleum Corp)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 4 contracts
Samples: Indenture (Desktop Metal, Inc.), Indenture (Ascendis Pharma a/S), Indenture (Stem, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a final non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 4 contracts
Samples: Indenture (Peloton Interactive, Inc.), Indenture (Coinbase Global, Inc.), Indenture (Coinbase Global, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trusthereunder. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred Incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include services (including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) ), except any such disbursement, advance or expense as may be attributable to its negligence, wilful misconduct or bad faith. The Company shall indemnify the Trustee (in its capacity as Trustee) or any predecessor Trustee (in its capacity as Trustee) against any and all losses, claims, damages, penalties, fines, liabilities or reasonable expenses, including incidental and out-of-pocket expenses incurred and reasonable attorneys fees (for purposes of this Article 7, “losses”) Incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense losses may be attributable to its negligence negligence, wilful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim claim, and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend if the claim, but Trustee has been reasonably advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Company will be obligated and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate counsel, and the Company shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) . The Company need not reimburse any expense or indemnify against any loss Incurred by the Trustee through the Trustee’s own negligence, wilful misconduct or bad faith. The obligations of the Company under this Section 8.07 7.06 shall survive the satisfaction and discharge of this Indenture.
(d) , the resignation or removal of the Trustee and payment in full of the Notes. To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs Incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(ix) or (hx) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 4 contracts
Samples: Indenture (Videotron Ltee), Indenture (Quebecor Media Inc), Indenture (Quebecor Media Inc)
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (and the Agents compensation as agreed upon in its capacity as Trustee, and, to writing between the extent it has been appointed as such, as Paying Agent Company and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to and the CompanyAgents for their services. The Trustee’s compensation shall of the Trustee is not be limited by any law on compensation of a trustee Trustee of an express trust. The Company shall will reimburse the Trustee promptly and Agents upon request for all reasonable disbursements, advances and reasonable documented out-of-pocket expenses expenses, disbursements and advances incurred or made by it in addition to the Trustee and the Agents, including the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the and reasonable compensation, disbursements and documented expenses of the Trustee’s and the Agents’ agents and counsel.
(b) The Company shall will indemnify the Trustee in and the Agents for, and hold it harmless against, any loss or liability or expense (including, without limitation, the reasonable and documented fees and expenses of its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses legal counsel) incurred by it without gross negligence or willful misconduct on its part arising out of or in connection with the acceptance or administration of this Indenture by it, the performance of its duties under this IndentureIndenture and the Notes and the exercise of its rights hereunder, including the costs and expenses (legal or otherwise) of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either or liability and of the Company complying with any process served upon it or any Holder or any other person) or liability of its officers in connection with the exercise or performance of any of its powers powers, rights or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim under this Indenture and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheldNotes.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, in its capacity as Trustee, except that money or property held in trust to pay principal, premium, if anyprincipal of, and interest (including Additional Amounts) on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(ed) When If the Trustee incurs expenses or renders services after in connection with an Event of Default as specified in Sections 7.01(g) or (h) occursherein, the expenses (including, without limitation, the reasonable and documented charges and expenses of its legal counsel per jurisdiction) and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Lawapplicable bankruptcy, reorganization, insolvency or similar law now or hereafter in effect.
(e) The provisions of this Section 7.06 shall survive the resignation or removal of the Trustee and the termination of this Indenture.
Appears in 3 contracts
Samples: Indenture (Natura &Co Holding S.A.), Indenture (Cosan Ltd.), Indenture (Cosan Ltd.)
Compensation and Indemnity. (a) The Company, or upon the failure of the Company to pay, each Guarantor, jointly and severally, shall pay to the Trustee (in its capacity as Trustee, and, to and the extent it has been appointed as such, as Paying Agent and Registrar) Agents from time to time reasonable compensation as shall be agreed upon in writing for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The Company Company, and each Guarantor, jointly and severally, shall reimburse the Trustee or the Agent as the case may be promptly upon written request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses of the Agent and Trustee’s agents and counsel. The Company and the Guarantors, jointly and severally, shall indemnify each of the Trustee (including its directors, officers, agents and employees), any predecessor Trustee and the Agents for any and all loss, liability, damage, claims or expenses, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee or the Agents) incurred by it them, without negligence, willful misconduct or bad faith on their part, arising out of or in connection with the acceptance or administration of its this Indenture and their duties under this Indenture, hereunder including the costs and expenses of enforcing this Indenture against the Company and the Guarantors (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee or the Agents as the case may be shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall will not relieve the Company or any of its the Guarantors of their obligations hereunder, except when such failure to notify is prejudicial to the Company or the Guarantors. The Except where the interests of the Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the CompanyGuarantors, on the one hand, and the Trustee, on the other hand, with respect to may be adverse, the claim, as reasonably determined by Company or such Guarantor shall defend the Trusteeclaim and the Trustee or Agents shall cooperate in the defense. The Trustee or Agents may have separate counsel and the Company shall pay the properly incurred fees and expenses of such counsel. Each of the Company and any Guarantor need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) . To secure the Company’s payment obligations in this Section 8.077.06, the Trustee shall have a Lien lien prior to the Notes on all money or property held or collected by the Trustee in its capacity as Trustee, except that money or property held in trust to pay principal, premium, if any, Principal and interest on particular the Notes. Such Lien lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When Indenture. If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(8) or (h9) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are shall be intended to constitute expenses of administration under any applicable Bankruptcy Law. The indemnity contained in this Section 7.06 shall survive the termination of this Indenture and shall continue for the benefit of the Trustee or an Agent notwithstanding its resignation or retirement.
Appears in 3 contracts
Samples: Indenture (O-I Glass, Inc. /DE/), Indenture (O-I Glass, Inc. /DE/), Indenture (O-I Glass, Inc. /DE/)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity and the Note Agents against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it them arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct, as determined by a final, nonappealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (SMART Global Holdings, Inc.), Indenture (SMART Global Holdings, Inc.), Indenture (SMART Global Holdings, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, and hold them harmless against any and all losses, liabilities or reasonable out-of-pocket claims, liabilities, costs, damages and expenses (including attorneys’ fees) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a final non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees fees, expenses and expenses court costs of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien claim prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which claim will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees fees, expenses and expenses court costs of its agents and counsel) are intended to constitute administrative expenses for purposes of administration priority under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Outbrain Inc.), Subordination Agreement (Outbrain Inc.), Indenture (Magnite, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (BigCommerce Holdings, Inc.), Indenture (Rivian Automotive, Inc. / DE), Indenture (Rivian Automotive, Inc. / DE)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyservices. The Trustee’s 's compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, expenses and advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconductit. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents 's agents, accountants, experts and counsel.
(b) . The Company shall indemnify the Trustee (in its capacity against as Trustee) and each of its officers, directors, attorneys-in-fact and agents for, and hold it harmless against, any claim, demand, expense (including but not limited to reasonable compensation, disbursements and all lossesexpenses of the Trustee's agents and counsel), liabilities loss or reasonable out-of-pocket expenses liability incurred by it them without negligence, bad faith or willful misconduct on its part, arising out of or in connection with (a) the acceptance or administration of its this trust and their rights or duties under this Indenture, hereunder including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself themselves against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunderhereunder and (b) the actual or alleged presence of Hazardous Materials in the air, except surface water or groundwater or on the surface or subsurface of any real property owned, leased or at any time operated by the Company or any of its Subsidiaries, the release, generation, storage, transportation, handling or disposal of Hazardous Materials at any location, whether or not owned or operated by the Company or any of its Subsidiaries, the non-compliance of any real property with foreign, federal, state and local laws, regulations, and ordinances (including applicable permits thereunder) applicable to any real property, or any environmental claim relating in any way to the Company or any of its Subsidiaries, their operations, or any real property owned, leased or at any time operated by the Company or any of its Subsidiaries, including, in each case, without limitation, the reasonable fees and disbursements of counsel and other consultants incurred in connection with any such investigation, litigation, or other proceeding (but excluding any losses, liabilities, claims, damages or expenses to the extent any such loss, liability or expense may be attributable to its incurred by reason of the gross negligence or bad faithwillful misconduct of the person to be indemnified). The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate provide reasonable cooperation at the Company's expense in the defense. The Trustee may elect to have separate counsel defend the claim, but and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if counsel; provided, that the Company fails will not be required to assume pay such fees and expenses if it assumes the Trustee’s 's defense or and there is a no conflict of interest between the Company, on the one hand, Company and the Trustee, on the other hand, Trustee in connection with respect to the claim, as reasonably determined by the Trusteesuch defense. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the Trustee through its negligence, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) bad faith or willful misconduct. To secure the Company’s 's payment obligations in this Section 8.078.7, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property assets held or collected by the Trustee, in its capacity as Trustee, except that assets held in trust to pay principal, premium, if any, and interest Contingent Payments on particular NotesSecurities. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 7.1(5), (6) or (h7) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. The Company's obligations under this Section 8.7 and any lien arising hereunder shall survive the resignation or removal of the Trustee, the discharge of the Company's obligations pursuant to Article IX and any rejection or termination of this Indenture under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC)
Compensation and Indemnity. (aA) The Company shall will, from time to time, pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall and the Guarantors, jointly and severally, will indemnify and hold harmless the Trustee (acting in its any capacity hereunder) against any and all losses, liabilities or reasonable out-of-pocket expenses (including attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties as the Trustee under this Indenture, including the costs and expenses of enforcing this Indenture (including attorneys’ fees and expenses) against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure indemnity (other than any claim brought by the Trustee Company), but the Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld. The indemnification provided in this Section 11.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the TrusteeTrustee or the Collateral Agent, except that held in trust to pay principalprincipal (including the Accreted Principal Amount) of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee or the Collateral Agent incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute administrative expenses for purposes of administration priority under any Bankruptcy Law.
Appears in 3 contracts
Samples: First Supplemental Indenture (Nogin, Inc.), Indenture (Nogin, Inc.), Indenture (Software Acquisition Group Inc. III)
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (in its capacity as Trustee, andNoteholder Collateral Agent, to the extent it has been appointed as such, as Paying Agent and RegistrarRegistrar (each, an “Indemnified Party”) from time to time reasonable compensation for its acceptance of this Indenture Indenture, the Collateral Agreements and services hereunder and thereunder; provided that the compensation set forth in accordance with a any written schedule provided by the Trustee to the Companyfee agreement executed in connection herewith shall be deemed reasonable. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee Trustee of an express trust. The Company shall will reimburse the Trustee each Indemnified Party promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall will include the reasonable compensation, disbursements and expenses of the TrusteeIndemnified Party’s agents and counsel.
(b) The Company shall and the Guarantors will indemnify the Trustee in its capacity Indemnified Party against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this IndentureIndenture or the Collateral Agreements, including the costs and expenses of enforcing this Indenture against the Company and the Guarantors (including this Section 8.07Section) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall Indemnified Party will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee Indemnified Party to so notify the Company shall will not relieve the Company or any of its the Guarantors of their obligations hereunderhereunder or under the Collateral Agreements. The Company shall or such Guarantor will defend the claim and the Trustee shall Indemnified Party will cooperate in the defense. The Trustee Each Indemnified Party may elect to have separate counsel defend the claim, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (i) the Company fails shall have failed to assume the Trustee’s defense thereof or there is a conflict of interest between the Company, on the one hand, and employed counsel reasonably satisfactory to the Trustee, on or (ii) the other hand, with respect Trustee has been advised by such counsel that there may be one or more defenses available to it that are different from or in addition to those available to the claim, as reasonably determined by Company. Neither the Trustee. The Company nor any Guarantor need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld.
(c) The obligations of the Company and the Guarantors under this Section 8.07 shall will survive the satisfaction and discharge of this IndentureIndenture and the termination of the Collateral Agreements.
(d) To secure the Company’s and the Guarantors’ payment obligations in this Section 8.07Section, the Trustee shall each Indemnified Party will have a Lien prior to the Notes on all money money, Collateral or property held or collected by the Trustee, except in its capacity as Trustee, or the Noteholder Collateral Agent in its capacity as Noteholder Collateral Agent, except, in the case of the Trustee, that held in trust to pay principal, premium, if any, and interest on particular NotesNotes pursuant to Article 8 hereof. Such Lien shall will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(e) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(9) or (h10) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
(f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the extent applicable.
Appears in 3 contracts
Samples: Indenture (Vantage Drilling CO), Indenture (Vantage Drilling CO), Indenture (Vantage Drilling CO)
Compensation and Indemnity. (aA) The Company shall will, from time to time, pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify and hold harmless the Trustee (acting in its any capacity hereunder) against any and all losses, liabilities or reasonable out-of-pocket expenses (including, without limitation, attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture (including, without limitation, attorneys’ fees and expenses) against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure indemnity (other than any claim brought by the Trustee Company), but the Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld. The indemnification provided in this Section 11.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hxi) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute administrative expenses for purposes of administration priority under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Getaround, Inc), Convertible Note Subscription Agreement (InterPrivate II Acquisition Corp.), Indenture (Vertical Aerospace Ltd.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or and administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B). The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the resignation or removal of the Trustee and the satisfaction and or discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to Section 7.01(A)(xi) or (h7.01(A)(xii) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Rooster HoldCo, Ltd.)
Compensation and Indemnity. The Company:
(a) The Company shall will pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture time, and services hereunder in accordance with a written schedule provided by the Trustee shall be entitled to, such compensation as shall be agreed to in writing between the Company. The Trustee’s Company and the Trustee for all services rendered by it hereunder, which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall ;
(b) will reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture, including the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the and reasonable compensation, disbursements and expenses of the Trustee’s its agents and counsel., except to the extent any such compensation or expense shall be determined to have been caused by its own negligence or willful misconduct as determined by a final, non-appealable order of a court of competent jurisdiction; and
(bc) The Company shall will fully indemnify the Trustee in and its capacity against agents for, and hold them harmless against, any and all lossesloss, liabilities liability, claim, damage or reasonable out-of-pocket expenses incurred by it expense arising out of or in connection with the acceptance or administration of this trust or the performance of its duties under this Indenturehereunder, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against or investigating any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent that any such loss, liability or expense may shall be attributable determined to have been caused by its own negligence or bad faithwillful misconduct as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall notify As security for the Company promptly performance of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The ’s obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes on all money funds or property held or collected by the Trustee, except for those funds that are held in trust to pay principal, premiumthe principal of or interest, if any, and interest on particular Notesthe Notes “Trustee” for purpose of this Section 7.07 includes any predecessor trustee; provided that the negligence or bad faith of any Trustee shall not be attributable to any other Trustee. Such Lien The Company’s payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event the occurrence of Default a default specified in Sections 7.01(g) or (h) occursSection 6.01(a)(6), the expenses and the compensation for the services (such expenses, including the reasonable fees and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Qorvo, Inc.), Indenture (Qorvo, Inc.), Indenture (Qorvo, Inc.)
Compensation and Indemnity. The Company covenants and agrees:
(a) The Company shall to pay to the Trustee (in its individual capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as shall be agreed in writing between the Company and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly in its individual capacity upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include accordance with any provision of this Indenture (including the reasonable compensation, disbursements compensation and the expenses and advances of the Trustee’s its agents and counsel.
(b) The Company ; provided that, prior to any Default or Event of Default, the Trustee shall indemnify only have one outside counsel), including all reasonable expenses and advances incurred or made by the Trustee in connection with any Default or Event of Default or any membership on any creditors' committee, except any such expense or advance as may be attributable to its capacity against negligence or bad faith; and
(c) to indemnify the Trustee, its officers, employees, directors and shareholders, for, and to hold it harmless against, any and all lossesloss, liabilities liability or reasonable out-of-pocket expenses expense, to the extent incurred by it without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. Before, except to the extent any such loss, liability after or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly during an Event of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, Default with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations Debentures of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07a series, the Trustee in its individual capacity shall have a Lien claim and lien prior to the Notes on Debentures of that series as to all money property and funds held by it hereunder for any amount owing it for its fees and expenses or property any predecessor Trustee pursuant to this Section, except with respect to funds held or collected by the Trustee, except that held Trustee or any Paying Agent in trust to pay principal, for the payment of principal of or premium, if any, and or interest on particular NotesDebentures pursuant to Section 2.05 or Section 8.01. Such Lien The Company's payment and indemnity obligations pursuant to this Section are not subject to Article 10 of this Indenture and shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee renders services or incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(g) or (h) occursSection 6.01, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc), Indenture (New York Community Capital Trust I)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Progress Software Corp /Ma), Indenture (K12 Inc), Indenture (Tyler Technologies Inc)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trusthereunder. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred Incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include services (including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) ), except any such disbursement, advance or expense as may be attributable to its negligence, wilful misconduct or bad faith. The Company shall indemnify the Trustee (in its capacity as Trustee) and its officers, directors and employees or any predecessor Trustee (in its capacity as Trustee) against any and all losses, liabilities claims, damages, penalties, fines, liabilities, actions or reasonable expenses, including incidental and out-of-pocket expenses incurred and reasonable legal fees and disbursements on a solicitor and client basis (for purposes of this Article 7, “losses”) Incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense losses may be attributable to its negligence negligence, wilful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnityindemnity if so permitted by the Indenture and without causing prejudice to the Holders. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim claim, and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend if the claimTrustee has been reasonably advised by counsel, but including its own in-house counsel, that there may be one or more legal defenses available to it that are different from or additional to those available to the Company will be obligated and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate counsel, and the Company shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) . The Company need not reimburse any expense or indemnify against any loss Incurred by the Trustee through the Trustee’s own negligence, wilful misconduct or bad faith. The obligations of the Company under this Section 8.07 7.06 shall survive the satisfaction and discharge of this Indenture.
, the resignation or removal of the Trustee and payment in full of the Notes. Notwithstanding any other provision of this Indenture, the Trustee shall not be liable for any (di) breach by any other party of the Applicable Securities Legislation, (ii) lost profits or (iii) punitive or special damages of any Person. To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs Incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(ix) or (hx) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Videotron Ltee), Indenture (Quebecor Media Inc), Indenture (Videotron Ltee)
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (in its capacity from time to time, and the Trustee shall be entitled to, such compensation as Trustee, and, to the extent it has been appointed as such, as Paying Agent Company and Registrar) the Trustee shall from time to time reasonable compensation agree in writing for its acceptance of this Indenture and all services rendered by it hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s (which compensation shall not be limited (to the extent permitted by law) by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture or any documents executed in connection herewith (including the reasonable compensation for and the expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence, negligent failure to act bad faith or willful misconduct. Such expenses shall include ; and
(c) to indemnify the reasonable compensationTrustee or any predecessor Trustee and their agents, disbursements officers, directors and employees for, and to hold them harmless against, any loss, damage, claim, liability, cost or expense (including attorneys' fees and expenses and taxes (other than taxes based upon, measured by or determined by the income of the Trustee’s agents and counsel.
(b)) The Company shall indemnify the Trustee in incurred without negligence, misconduct or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s 's payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principalinterest installments (including contingent interest, premiumif any), Liquidated Damages, if any, and interest the Principal Amount, Redemption Price, Purchase Price, Change in Control Purchase Price or interest, if any, due on overdue amounts, as the case may be, in respect of any particular NotesSecurities. Such Lien The Company's payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and or the earlier termination or resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.01(e) or (h) occursSection 6.01(f), the expenses and the compensation for the services (expenses, including the fees reasonable charges and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Lawbankruptcy law.
Appears in 3 contracts
Samples: Indenture (Murco Drilling Corp), Indenture (Yellow Roadway Corp), Indenture (Yellow Corp)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest, if any, and interest on on, particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Airbnb, Inc.), Indenture (Beyond Meat, Inc.), Indenture (Guardant Health, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable time, pay the Trustee compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in and its capacity directors, officers, employees and agents against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct as determined by a final non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Bandwidth Inc.), Indenture (Callaway Golf Co), Indenture (2U, Inc.)
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (in its capacity as Trustee, andNoteholder Collateral Agent, to the extent it has been appointed as such, as Paying Agent and RegistrarRegistrar (each, an “Indemnified Party”) from time to time reasonable compensation for its acceptance of this Indenture Indenture, the Collateral Agreements and services hereunder and thereunder; provided that the compensation set forth in accordance with a any written schedule provided by the Trustee to the Companyfee agreement executed in connection herewith shall be deemed reasonable. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee Trustee of an express trust. The Company shall will reimburse the Trustee each Indemnified Party promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall will include the reasonable compensation, disbursements and expenses of the TrusteeIndemnified Party’s agents agents, advisors and counsel.
(b) The Company shall and the Guarantors will indemnify the Trustee in its capacity Indemnified Party against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this IndentureIndenture or the Collateral Agreements, including the costs and expenses (including reasonable fees and expenses of its counsel) of enforcing this Indenture against the Company and the Guarantors (including this Section 8.07Section) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithfaith as determined by a court of competent jurisdiction. The Trustee shall Indemnified Party will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee Indemnified Party to so notify the Company shall will not relieve the Company or any of its the Guarantors of their obligations hereunderhereunder or under the Collateral Agreements. The Company shall or such Guarantor will defend the claim and the Trustee shall Indemnified Party will cooperate in the defense. The Trustee Each Indemnified Party may elect to have separate counsel defend the claim, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (i) the Company fails shall have failed to assume the defense thereof or employed counsel reasonably satisfactory to the Trustee’s defense , or (ii) the Trustee has been advised by such counsel that there is a conflict of interest between may be one or more defenses available to it that are different from or in addition to those available to the Company. Neither the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company any Guarantor nor any Indemnified Party need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld.
(c) The obligations of the Company and the Guarantors under this Section 8.07 shall will survive the satisfaction and discharge of this IndentureIndenture and the termination of the Collateral Agreements or the earlier resignation or removal of such Indemnified Party.
(d) To secure the Company’s and the Guarantors’ payment obligations in this Section 8.07Section, the Trustee shall each Indemnified Party will have a Lien prior to the Notes on all money money, Collateral or property held or collected by the Trustee, except in its capacity as Trustee, or the Noteholder Collateral Agent in its capacity as Noteholder Collateral Agent, except, in the case of the Trustee, that held in trust to pay principal, premiumpremium (including the Applicable Premium), if any, and interest on particular NotesNotes pursuant to Article 8 hereof. Such Lien shall will survive the satisfaction and discharge of this Indenture and or the earlier resignation or removal of the Trusteesuch Indemnified Party.
(e) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(11) or (h12) (“Events of Default”) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents agents, advisors and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
(f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the extent applicable.
Appears in 3 contracts
Samples: Indenture (Vantage Drilling International), Indenture (OFFSHORE GROUP INVESTMENT LTD), Indenture (Vantage Drilling Netherlands B.V.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Cracker Barrel Old Country Store, Inc), Indenture (Perficient Inc), Indenture (CalAmp Corp.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 3 contracts
Samples: Indenture (Cryoport, Inc.), Securities Purchase Agreement (Bristow Group Inc), Indenture (Air Transport Services Group, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) Agents from time to time reasonable such compensation for its acceptance of this Indenture and their services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust) as shall be agreed upon in writing. The Company shall reimburse the Trustee promptly and Agents upon written request for all reasonable disbursements, expenses and advances and reasonable out-of-pocket expenses incurred or made by it them in addition to connection with the Trustee’s duties under this Indenture, including the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the and reasonable compensation, disbursements and expenses of the Trustee’s agents and external counsel, except any such expense, disbursement or advance as may be attributable to its willful misconduct, bad faith or negligence.
(b) The Company shall fully indemnify each of the Trustee in and its capacity against officers, agents and employees and any predecessor Trustee (each, an “Indemnified Party”, and, collectively, the “Indemnified Parties”) for, and hold each of them harmless against, any and all lossesloss, liabilities damage, claim, liability or expense, including, without limitation, reasonable out-of-pocket and documented attorneys’ fees and expenses incurred by it arising out each of or them in connection with the acceptance or administration performance of its duties under this Indenture, including the reasonable and documented costs and expenses of enforcing this Indenture against the Company or any Guarantor (including this Section 8.076.06) and defending itself against any claim (whether asserted by either of the Company Company, or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderhereunder (including, except to the extent any such losswithout limitation, liability or expense may be attributable to its negligence or bad faithsettlement costs). The Trustee shall notify the Company in writing promptly of any claim of which a Responsible Officer of the Trustee has received written notice at its Corporate Trust Office asserted against an Indemnified Party for which it such Indemnified Party may seek indemnity. Failure ; provided that the failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. Any settlement which affects an Indemnified Party may not be entered into without the consent of such Indemnified Party, unless such indemnified party is given a full and unconditional release from liability with respect to the claims covered thereby and such settlement does not include a statement or admission of fault, culpability, or failure to act by or on behalf of such Indemnified Party. Any Indemnified Party may have separate counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Company and the Indemnified Party shall have mutually agreed in writing to the retention of such counsel, (ii) the named parties to any such proceeding include both the Company and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual differing interests between or among them, or (iii) the Company fails to retain counsel reasonably satisfactory to the Indemnified Party, in which case the Company shall pay the reasonable and documented fees and expenses of such counsel.
(c) The obligations of Notwithstanding the foregoing, the Company under this Section 8.07 shall survive need not reimburse the satisfaction and discharge of this IndentureTrustee for any expense or indemnify it against any loss or liability to have been incurred by the Trustee through its own willful misconduct, bad faith or negligence.
(d) To secure the Company’s payment obligations of the Company in this Section 8.076.06, the Trustee shall have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that Trustee and such money or property held in trust to pay principal, premium, if any, principal of and interest on particular Notes. Such Lien .
(e) The obligations of the Company under this Section 6.06 to compensate and indemnify the Trustee, Agents and each predecessor Trustee and to pay or reimburse the Trustee, Agents and each predecessor Trustee for expenses, disbursements and advances shall be the liability of the Company and the lien provided for under this Section 6.06 and shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeTrustee and the satisfaction, discharge or other termination of this Indenture for any reason, including any termination or rejection hereof under any Bankruptcy Law.
(ef) When In addition to, but without prejudice to its other rights under this Indenture, when the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 5.01(g), (h) or (hi) occurs, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
(g) For purposes of this Section 6.06, the term “Trustee” shall include any predecessor Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights or any other Trustee hereunder.
Appears in 3 contracts
Samples: Indenture (British American Tobacco p.l.c.), Indenture (Reynolds American Inc), Indenture (British American Tobacco p.l.c.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee will from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in and its capacity directors, officers, employees and agents, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Eventbrite, Inc.), Indenture (Eventbrite, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this the Indenture and services hereunder in accordance with a written schedule provided by under the Trustee to the CompanyIndenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to under the compensation for its servicesIndenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this the Indenture, including the costs and expenses of enforcing this the Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder the Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, nonappealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this the Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: First Supplemental Indenture (Xeris Biopharma Holdings, Inc.), First Supplemental Indenture (Xeris Pharmaceuticals Inc)
Compensation and Indemnity. The Company covenants and agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as shall be agreed in writing between the Company and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include accordance with any provision of this Indenture (including the reasonable compensationcompensation and the expenses, disbursements and expenses advances of the Trustee’s its agents and counsel.
(b) The Company ; provided that, prior to any Default or Event of Default, the Trustee shall indemnify only have one outside counsel), including all reasonable expenses and advances incurred or made by the Trustee in connection with any Default or Event of Default or any membership on any creditors' committee, except any such expense or advance as may be attributable to its capacity against negligence or bad faith; and
(c) to indemnify the Trustee, its officers, employees, directors and shareholders, for, and to hold it harmless against, any and all lossesloss, liabilities liability or reasonable out-of-pocket expenses expense, incurred by it without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. Before, except to the extent any such loss, liability after or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly during an Event of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, Default with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations Debentures of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07a series, the Trustee shall have a Lien claim and lien prior to the Notes on Debentures of that series as to all money property and funds held by it hereunder for any amount owing it for its fees and expenses or property any predecessor Trustee pursuant to this Section, except with respect to funds held or collected by the Trustee, except that held Trustee or any Paying Agent in trust to pay principal, for the payment of principal of or premium, if any, and or interest on particular NotesDebentures pursuant to Section 2.05 or Section 8.01. Such Lien shall survive the satisfaction The Company's payment and discharge indemnity obligations pursuant to this Section are not subject to Article 10 of this Indenture and shall survive the resignation or removal discharge of the Trustee.
(e) this Indenture. When the Trustee renders services or incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(g) or (h) occursSection 6.01, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Hercules Inc), Indenture (New York Community Bancorp Inc)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation that the Company and the Trustee have agreed to in writing for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) . The Company shall indemnify the Trustee in its capacity or any predecessor Trustee against and hold each harmless against any and all losses, claims, damages, penalties, fines, liabilities or reasonable expenses, including incidental and out-of-pocket expenses and reasonable attorneys’ fees (for purposes of this Article 7, “Losses”) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense Losses may be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunderunder this Section 7.07, unless (and then only to the extent that) the Company has been prejudiced thereby. The Company shall defend the claim claim, and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend if the claim, but Trustee has been advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Company will be obligated and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate counsel, and the Company shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) . The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this Indenture.
(d) , the resignation or removal of the Trustee and payment in full of the Notes of all series issued pursuant to this Indenture through the expiration of the applicable statute of limitations. To secure the Company’s payment obligations in this Section 8.077.07, the Trustee shall have a Lien prior to the Notes of each series on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premium, if any, and interest on particular NotesNotes of such series. Such Lien and the provisions in this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g6.01(d) or (h6.01(e) occurswith respect to any series of Notes, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Eastman Chemical Co), Indenture (Eastman Chemical Co)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheldwithheld or delayed.
(c) The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.077.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g6.01(g) or (h) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Ultra Petroleum Corp), Indenture (Ultra Petroleum Corp)
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (in its capacity as Trustee, and, to and the extent it has been appointed as such, as Paying Agent and Registrar) Collateral Trustee from time to time reasonable such compensation as is agreed in writing to from time to time by the Company and the Trustee or Collateral Trustee, as applicable, for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s and the Collateral Trustee’s compensation shall will not be limited by any law on compensation of a trustee Trustee of an express trust. The Company shall will reimburse the Trustee and the Collateral Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesservices except for any such disbursement, except those resulting from its own negligent action, negligent failure to act advance or expense as shall have been caused by the Trustee’s or Collateral Trustee’s gross negligence or willful misconductmisconduct (as determined by a final, non-appealable order of a court of competent jurisdiction). Such expenses shall will include the reasonable compensation, disbursements and expenses of the Trustee’s and Collateral Trustee’s respective agents and counsel.
(b) The Company shall and the Guarantors, jointly and severally, will indemnify the Trustee in its capacity and the Collateral Trustee (which for purposes of this Section 7.06(b) shall include each of their officers, directors, employees and agents) against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the reasonable costs and expenses of enforcing this Indenture against the Company and the Guarantors (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderhereunder and under the other Note Documents, except to the extent any such loss, liability or expense shall be determined to have been caused by the Trustee’s or Collateral Trustee’s, as the case may be attributable to its be, own gross negligence or bad faithwillful misconduct (as determined by a final, non-appealable order of a court of competent jurisdiction). The Trustee shall will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall will not relieve the Company or any of its the Guarantors of their obligations hereunder. The Company shall or such Guarantor will defend the claim and the Trustee shall will cooperate in the defense. The Trustee and Collateral Trustee may elect to have separate counsel defend the claim, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if counsel. Neither the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company nor any Guarantor need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld.
(c) The obligations of the Company and the Guarantors under this Section 8.07 shall 7.06 will survive the satisfaction and discharge of this IndentureIndenture or the resignation or removal of the Trustee or the Collateral Trustee.
(d) To secure the Company’s and the Guarantors’ payment obligations in this Section 8.077.06, the Trustee shall will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumpremium on, if any, and interest on or interest, if any, on, particular Notes. Such Lien shall will survive the satisfaction and discharge of this Indenture Indenture. The Trustee’s and the resignation Collateral Trustee’s respective right to receive payment of any amounts due under this Section 7.06 shall not be subordinate to any other liability or removal Indebtedness of the TrusteeCompany.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(g) or (h) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: First Supplemental Indenture (Peabody Energy Corp), Transaction Support Agreement (Peabody Energy Corp)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this IndentureIndenture and the resignation or removal of the Trustee.
(d) To secure the Company’s payment obligations in this Section 8.07section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gclause (7) or (h) 8) of Section 6.01 occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (California Resources Corp), Indenture (Occidental Petroleum Corp /De/)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gclause (7) or (h) 8) of Section 6.01 occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Goodrich Petroleum Corp), Indenture (SM Energy Co)
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Company. The Trustee’s time agree in writing for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the compensation for and the expense, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence or bad faith; and
(c) to indemnify the Trustee for, negligent failure and to act hold it harmless against, any and all loss, damage, claims, liability or willful misconduct. Such expenses shall include expense (including taxes other than taxes based upon, measured by, or determined by the reasonable compensation, disbursements and expenses income of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in incurred without negligence or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s 's payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principalthe Principal Amount, premiumIssue Price, accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change Purchase Price or interest, if any, and interest as the case may be, on particular NotesSecurities. Such Lien The Company's payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.01(5) or (h) occurs6), the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Wellpoint Health Networks Inc /De/), Indenture (Wellpoint Health Networks Inc /De/)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its gross negligence or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Rocket Lab USA, Inc.), Indenture (Cerevel Therapeutics Holdings, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, andthe Conversion Agent, to the extent it has been appointed as such, as Paying Agent and Registrarthe Security Registrar (each an "INDEMNIFIED PARTY") from time to time reasonable compensation for its acceptance of this Indenture and their respective services hereunder as Trustee, Conversion Agent, Paying Agent or Security Registrar, as the case may be, as agreed in accordance with a written schedule provided by the Trustee to the Companywriting. The Trustee’s 's compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly each Indemnified Party upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses expenses, disbursements and advances incurred or made by it in addition to connection with the compensation for performance of its services, except those resulting from its own negligent action, negligent failure to act or willful misconductduties hereunder. Such expenses shall include the reasonable compensation, disbursements fees and expenses of the Trustee’s each of such Indemnified Party's agents and counsel.
(b) . The Company shall indemnify the Trustee in hereby indemnifies each Indemnified Party and its capacity against agents, employees, stockholders and directors and officers for, and holds each of them harmless against, any and all lossesloss, liabilities cost, claim, liability or reasonable out-of-pocket expenses expense (including taxes) incurred by it any of them except for such actions to the extent caused by any gross negligence or willful misconduct on the part of such Indemnified Party, arising out of or in connection with the acceptance Indenture or the administration of its duties under this Indenturethe trust created hereby, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.076.07) and defending itself themselves against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its their rights, powers or duties hereunder, except to hereunder (including the extent any such loss, liability or expense may be attributable to its negligence or bad faithreasonable fees and expenses of counsel). The Trustee An Indemnified Party shall notify the Company promptly of any claim asserted against such Indemnified Party for which such Indemnified Party has advised the Trustee that it may seek indemnityindemnity hereunder. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The At the Indemnified Party's sole discretion, the Company shall defend the claim and the Trustee Indemnified Party shall cooperate and may participate in the defense; provided that any settlement of a claim shall be approved in writing by the Indemnified Party. The Trustee Alternatively, the Indemnified Party may elect to at its option have separate counsel defend the claim, but of its own choosing and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if counsel; provided that the Company fails shall not be required to assume pay such fees and expenses if it assumes the Trustee’s Indemnified Party's defense or and there is a no conflict of interest between or alternative defenses between the Company, on the one hand, Company and the Trustee, on the other hand, Indemnified Party in connection with respect to the claim, such defense as reasonably determined by the TrusteeIndemnified Party. The Company need not pay for any settlement made without its written consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) . To secure the Company’s 's payment obligations in this Section 8.076.07, the Trustee each Indemnified Party shall have a Lien lien prior to the Notes Securities on all money monies or property held or collected by the Trustee, in its capacity as Trustee, except that funds held in trust to pay principal, premium, if any, and interest on for the benefit of Holders of particular NotesSecurities. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 5.01(h) or (hi) occurs, the such expenses and the compensation for the services (including the reasonable fees and expenses of its agents and counsel) and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy LawCode. The obligations of the Company under this Section 6.07 shall survive the satisfaction and discharge of this Indenture or the resignation or removal of the Trustee, Conversion Agent, Paying Agent or the Security Registrar.
Appears in 2 contracts
Samples: Indenture (Vector Group LTD), Indenture (Vector Group LTD)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for any taxes, all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable is determined by a court of competent jurisdiction to have been caused by its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the or resignation or removal of the Trustee.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Halozyme Therapeutics, Inc.), Indenture (Halozyme Therapeutics, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, and the Trustee shall be entitled to, reasonable compensation for its acceptance of this Indenture and its services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s 's compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by or on behalf of it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall may include the reasonable compensation, disbursements and expenses of the Trustee’s agents 's agents, counsel and counsel.
(b) other persons not regularly in its employ. The Company shall indemnify indemnify, defend and hold the Trustee in and its capacity directors, officers, employees and agents (collectively with the Trustee, the "Indemnitees") harmless from and against any and all lossesevery loss, liabilities liability or reasonable expense, including without limitation damages, fines, suits, actions, demands, penalties, costs, out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indentureincidental expenses, including legal fees and expenses, and the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether collectively, "Losses"), that may be imposed on, incurred by, or asserted by either against, any Indemnitee for or in respect of the Company Trustee's (i) execution and delivery of this Indenture, (ii) compliance or attempted compliance with or reliance upon any Holder instruction or any other person) or liability in connection with direction upon which the exercise or performance of any of its powers or duties hereunder, except Trustee is authorized to rely pursuant to the extent any such loss, liability or expense may be attributable to its negligence or bad faithterms of this Indenture and (iii) performance under this Indenture except as set forth in the next paragraph. The Trustee Any Indemnitee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeindemnity under this Section. The Company need not pay for reimburse any settlement made without expense or indemnify against any Loss incurred by the Trustee or any Indemnitee through its consent, which consent shall not be unreasonably withheld.
(c) own gross negligence or willful misconduct. The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a Lien lien prior to the Notes on all money or property held or collected by the TrusteeTrustee to secure the Company's payment obligations in this Section 7.7, except that held in trust to pay principal, premium, if any, and interest interest, on particular Notes. Such Lien liens and the Company's obligations under this Section 7.7 shall survive the termination, satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Trustee for any reason. When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.1(f) or (hg) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Agere Systems Inc), Indenture (Agere Systems Inc)
Compensation and Indemnity. The Company and the Guarantor agree:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company or the Guarantor and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Company. The Trustee’s time agree in writing for all services rendered by it hereunder (which compensation shall not be limited (to the extent permitted by law) by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence or bad faith; and
(c) to indemnify the Trustee or any predecessor, negligent failure Trustee and their agents for, and to act hold them harmless against, any loss, damage, claim, liability, cost or willful misconduct. Such expenses shall include expense (including attorney's fees and taxes (other than taxes based upon, measured by or determined by the reasonable compensation, disbursements and expenses income of the Trustee’s agents and counsel.
(b)) The Company shall indemnify the Trustee in incurred without negligence or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company Company, the Guarantor or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s 's or the Guarantor's payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principalthe Principal Amount at Maturity, premiumInitial Accreted Principal Amount plus accrued Issue Discount, Redemption Price, Purchase Price, Change in Control Purchase Price, contingent interest, interest payable pursuant to Article 10, or interest, if any, and interest as the case may be, on particular NotesSecurities, or Common Stock delivered upon a conversion pursuant to Article 11, or the cash equivalent thereof. Such Lien The Company's or the Guarantor's payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.01(e) or (h) occursf), the expenses and the compensation for the services (including the fees reasonable charges and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Countrywide Home Loans Inc), Indenture (Countrywide Financial Corp)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable (as determined by a final decision of a court of competent jurisdiction) to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (x) or (hxi) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Rexford Industrial Realty, Inc.), Indenture (Rexford Industrial Realty, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld, conditioned or delayed. Any settlement that affects the Trustee may not be entered into without the consent of the Trustee, unless the Trustee is given a full and unconditional release from liability with respect to the claims covered thereby and such settlement does not include a statement or admission of fault, culpability or failure to act by or on behalf of the Trustee. The indemnification provided in this Section 10.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Haemonetics Corp), Indenture (Pegasystems Inc)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) . The Company shall Company, and the Guarantors, if any, shall, jointly and severally, indemnify the Trustee, its directors, officers, employees or agents or any predecessor Trustee in its capacity against any and all losses, claims, damages, penalties, fines, liabilities or reasonable expenses, including incidental and out-of-pocket expenses and reasonable attorneys’ fees and expenses (for purposes of this Article, “losses”) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable losses have been determined to have been caused by its own negligence or bad faithwillful misconduct. The Trustee shall notify the Company promptly of any claim of which a Responsible Officer has received written notice and for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunderunder this Section 7.07. The Company shall defend the claim claim, and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend if the claim, but Trustee has been reasonably advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Company will be obligated and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate counsel, and the Company shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) . The Company need not reimburse any expense or indemnify against any loss incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence. The obligations of the Company and the Guarantors, if any, under this Section 8.07 7.07 shall survive the satisfaction and discharge of this Indenture.
(d) , the resignation or removal of the Trustee and payment in full of the Notes. To secure the Company’s and Guarantors’, if any, payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(i) or (hj) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Compensation and Indemnity. The Company agrees: --------------------------
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time such reasonable compensation for its acceptance of this Indenture and all services rendered by it hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s (which compensation shall not (to the extent permitted by law) be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request and, if required by the Company, submission of reasonable documentation for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent action, negligent failure negligence or bad faith; and
(c) to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses indemnify each of the Trustee’s agents , its officers, directors, employees and counsel.
(b) The Company shall indemnify the agents, or any predecessor Trustee in its capacity against for, and to hold it harmless against, any and all lossesloss, liabilities liability, damage, claim or reasonable out-of-pocket expenses expense, including taxes (other than taxes based upon, measured or determined by the income of the Trustee), incurred by it without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify give the Company promptly notice of any claim or liability for which it may seek indemnity. Failure by the Trustee might be entitled to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
indemnification under subparagraph (c) The obligations of this Section 7.06, within a reasonable amount of time after a Trust Officer of the Company under this Section 8.07 shall survive the satisfaction and discharge Trustee becomes aware of this Indenture.
(d) such claim or liability. To secure the Company’s 's payment obligations in this Section 8.077.06, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust . The Company's payment obligations pursuant to pay principal, premium, if any, and interest on particular Notes. Such Lien this Section 7.06 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.01(4) or (h) occurs5), the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any the Bankruptcy Law. The provisions of this Section shall survive the termination of this Indenture.
Appears in 2 contracts
Samples: Indenture (Merrill Lynch Preferred Funding Vi L P), Indenture (Merrill Lynch Preferred Capital Trust V)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee, the Collateral Agent and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture and the other Notes Documents, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s Such compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to such compensation, the Company shall will reimburse the Trustee Trustee, the Collateral Agent and the Note Agents promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s their agents and counsel.
(bB) The Company shall and Guarantors will, jointly and severally, indemnify the Trustee in its capacity Trustee, the Collateral Agent and each Note Agent (including for the cost of defending itself) against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this IndentureIndenture and the other Notes Documents, including the costs and expenses of enforcing this Indenture against the Company or Guarantors (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture and the other Notes Documents, except to the extent any such loss, liability or expense may is proved to be attributable to its gross negligence or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall Trustee, the Collateral Agent or applicable Note Agent will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s, the Collateral Agent’s or applicable Note Agent’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B). The Company shall will defend the claim such claim, and the Trustee shall Trustee, the Collateral Agent or applicable Note Agent, as applicable, will cooperate in the such defense. The Trustee If the Trustee, the Collateral Agent or any Note Agent is advised by counsel that it may elect have defenses available to have it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee, the Collateral Agent or Note Agent, as applicable, may retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the TrusteeCollateral Agent and Note Agents incurred in evaluating whether such a conflict exists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the defeasance or discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Biora Therapeutics, Inc.), Indenture (Biora Therapeutics, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable (as determined by a final decision of a court of competent jurisdiction) to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Core Scientific, Inc./Tx), Indenture (Marti Technologies, Inc.)
Compensation and Indemnity. The Company covenants and agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time such reasonable compensation for its acceptance of this Indenture as shall be agreed in writing between the Company and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition accordance with any provision of this Indenture (including the reasonable compensation and the expenses, and advances of its agents and counsel), including all reasonable expenses and advances incurred or made by the Trustee in connection with any Default or Event of Default or any membership on any creditors' committee, except any such expense or advance as may be attributable to its negligence, willful misconduct or bad faith; and
(c) to the compensation for its servicesfullest extent permitted by law, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses indemnify each of the Trustee’s agents , or any predecessor Trustee, its officers, employees, directors, shareholders and counsel.
(b) The Company shall indemnify the Trustee in its capacity against agents, for, and to hold them harmless against, any and all lossesloss, liabilities damage, claim, liability or reasonable out-of-pocket expenses expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee or any predecessor Trustee), incurred by it without negligence, willful misconduct or bad faith on its part, arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to promptly so notify the Company shall not relieve the Company of its obligations hereunderhereunder except to the extent the Company shall have been materially prejudiced as a result of such failure. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations . Before, after or during an Event of Default with respect to the Company under this Section 8.07 shall survive the satisfaction and discharge Debentures of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07a series, the Trustee shall have a Lien claim and lien prior to the Notes Debentures of that series on all money property and funds held by it hereunder for any amount owing it or property any predecessor Trustee pursuant to this Section, except with respect to funds held or collected by the Trustee, except that held Trustee or any Paying Agent in trust to pay principal, for the payment of principal of or premium, if any, and or interest on particular NotesDebentures pursuant to Section 2.5 or Section 8.1. Such Lien The Company's payment and indemnity obligations pursuant to this Section shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When . Without limiting any rights available to the Trustee under applicable law, when the Trustee renders services or incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.1(d) or (h) occurse), the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. The Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent applicable.
Appears in 2 contracts
Samples: Indenture (Prudential Financial Inc), Indenture (Prudential Financial Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 8.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Compensation and Indemnity. (a) The Company shall pay to each of the Trustee (in its capacity as Trustee, andthe Paying Agent and the Registrar (together with any predecessor Trustee, to the extent it has been appointed as such, as Paying Agent and Registrar, each an “Indemnified Party”) from time to time reasonable such compensation as shall be agreed upon in writing for its acceptance their respective services hereunder. The compensation of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly each Indemnified Party upon request for all reasonable disbursements, expenses and advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for such Indemnified Party without negligence or bad faith on its services, except those resulting from its own negligent action, negligent failure to act or willful misconductpart. Such expenses shall include the reasonable compensation, disbursements compensation and expenses of the Trusteesuch Indemnified Party’s agents and counsel.
(b) . The Company shall and the Subsidiary Guarantors shall, jointly and severally, indemnify the Trustee in its capacity against each Indemnified Party for, and hold it harmless against, any and all lossesloss, liabilities claim, damage, liability or reasonable out-of-pocket expenses expense incurred by it arising out of without gross negligence or willful misconduct on its part in connection with the acceptance or administration of this Indenture and its duties under this IndentureIndenture and the Notes, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either or liability and of the Company complying with any process served upon it or any Holder or any other person) or liability of its officers in connection with the exercise or performance of any of its powers or duties hereunder, except to under this Indenture and the extent any such loss, liability or expense may be attributable to its negligence or bad faithNotes. The Trustee An Indemnified Party shall notify the Company promptly of any claim of which such Indemnified Party has received written notice for which it may seek indemnityindemnity under this Section 7.07. Failure by the Trustee an Indemnified Party to so notify the Company shall not relieve the Company of its obligations hereunder, unless the Company or any Subsidiary Guarantor is materially prejudiced thereby. The Company shall defend the claim and the Trustee Indemnified Party shall cooperate in the defense. The Trustee Unless otherwise set forth herein, the Indemnified Party may elect to have separate counsel defend the claim, but and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if counsel. Neither the Company fails nor any Subsidiary Guarantor shall be required to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of . Neither the Company under this Section 8.07 nor any Subsidiary Guarantor shall survive be required to reimburse any expense or indemnity against loss or liability determined to have been caused by the satisfaction and discharge of this Indenture.
(d) Indemnified Party through its own gross negligence or willful misconduct. To secure the Company’s payment obligations in this Section 8.077.07, the Trustee each Indemnified Party shall have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, in its capacity as Trustee, except that money or property held in trust to pay principalprincipal of, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee If an Indemnified Party incurs expenses or renders services after the occurrence of an Event of Default specified in Sections 7.01(gclause (7) or (h) occurs8) of Section 6.01, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are will be intended to constitute expenses of administration under Title 11 of the United States Bankruptcy Code or any Bankruptcy Lawapplicable federal or state law for the relief of debtors. The provisions of this Section 7.07 (i) shall survive the resignation or removal of the Trustee, the Paying Agent or the Registrar and the termination of this Indenture and (ii) shall be in addition to any other indemnity provided by the Company or any Subsidiary Guarantor in favor of any Indemnified Party under any other document or agreement. The Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent applicable.
Appears in 2 contracts
Samples: Indenture (PAETEC Holding Corp.), Indenture (PAETEC Holding Corp.)
Compensation and Indemnity. The Company shall be solely responsible for and agrees:
(a) The Company shall to pay or cause to be paid to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to time agree in writing for all services rendered by it hereunder or under any of the Company. The Trustee’s other Notes Escrow Documents or the Verizon/Trustee Security Agreement (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture or the other Notes Escrow Documents or the Verizon/Trustee Security Agreement (including the reasonable compensation for and the expenses and disbursements of its servicesagents and counsel (including local legal counsel)), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent action, negligent failure to act gross negligence or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses ; and
(c) to indemnify each of the Trustee’s , its employees, officers, directors and agents or any predecessor Trustee for, and counsel.
(b) The Company shall indemnify the Trustee in its capacity against to hold it and each of them harmless against, any and all lossesloss, liabilities liability, damage, claim or reasonable out-of-pocket expenses expense incurred by it without gross negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Company, a Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent hereunder or under any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to Notes Escrow Documents or the claim, as reasonably determined by Verizon/Trustee Security Agreement. As security for the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The performance of the obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior lien upon all property and assets of the Company. In addition and without prejudice to the Notes on all money or property held or collected by rights provided to the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive Trustee under any of the satisfaction and discharge provisions of this Indenture and the resignation or removal any of the Trustee.
(e) When other Notes Escrow Documents or the Verizon/Trustee Security Agreement, when the Trustee incurs expenses or renders services after in connection with an Event of Default specified in Sections 7.01(g) or (h) occursDefault, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Lawapplicable federal or state bankruptcy or comparable law. The Company's obligations under this Section 5.06 and any lien arising hereunder shall survive the resignation or removal of any Trustee, the discharge of the Company's obligations pursuant to this Indenture and/or the termination of this Indenture.
Appears in 2 contracts
Samples: Non Recourse Secured Notes Indenture (NextWave Wireless LLC), Indenture (NextWave Wireless LLC)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Oscar Health, Inc.), Investment Agreement (Oscar Health, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act gross negligence or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses (including, without limitation, attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct, as finally adjudicated by a court of competent jurisdiction. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 7.07 shall survive the satisfaction and discharge of this IndentureIndenture and/or the resignation or removal of the Trustee.
(d) To secure the Company’s payment obligations in this Section 8.07section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gclause (7) or (h) 8) of Section 6.01 occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Continental Resources, Inc), Indenture (Continental Resources, Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall and each Guarantor will, on a joint and several basis, indemnify the Trustee in its capacity and any predecessor Trustee and their respective officers, directors, agents and employees and any authenticating agent and hold them harmless against any and all losses, claims, damages, liabilities or reasonable out-of-pocket expenses, including fees and expenses of counsel, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, the Notes and any other document or transaction entered into in connection herewith or therewith, including the costs and expenses of enforcing this Indenture against the Company or any Guarantor (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Guarantor any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined in a final non-appealable judgment by a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company or any Guarantor of its obligations hereunderunder this Section 11.06(B). The Company shall and each Guarantor will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to and each Guarantor will, on a joint and several basis, pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company and each Guarantor under this Section 8.07 shall 11.06 will survive the resignation or removal of the Trustee, the satisfaction and discharge of this Indenture and the termination for any other reason of this Indenture. The Trustee’s right to receive payment of any amounts due under this Section 11.06 shall not be subordinate to any other liability or indebtedness of the Company.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06 and the Guaranteed Obligations with respect to the Company’s obligations in this Section 11.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
(F) Each Note Agent will have the same rights and duties as the Trustee under this Section 11.06.
Appears in 2 contracts
Samples: Indenture (Amryt Pharma PLC), Indenture (Amryt Pharma PLC)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities liabilities, claims, damages or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability liability, claim, damage or expense may will be attributable determined to have been caused by its own negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim of which the Trustee has received written notice and for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Chefs' Warehouse, Inc.), Indenture (Chefs' Warehouse, Inc.)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder hereunder, including, if applicable, for its services as Paying Agent and Registrar. Compensation of the Trustee in accordance with a written schedule provided by its established fee schedule, as it may be amended from time to time, shall be deemed reasonable compensation to the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trustfor its services. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include services (including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel (including in-house counsel.
(b) )), except any such disbursement, advance or expense as may be attributable to its negligence, wilful misconduct or bad faith. The Company shall indemnify the Trustee in its capacity and any predecessor Trustee against any and all losses, claims, damages, penalties, fines, liabilities or reasonable expenses, including incidental and out-of-pocket expenses and reasonable attorneys fees and expenses (for purposes of this Article 7, “losses”) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such losslosses result from its negligence, liability or expense may be attributable to its negligence wilful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim claim, and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend if the claim, but Trustee has been reasonably advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Company will be obligated and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate counsel, and the Company shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) . The Company need not reimburse any expense or indemnify against any loss incurred by the Trustee through the Trustee’s own negligence, wilful misconduct or bad faith. The obligations of the Company under this Section 8.07 7.06 shall survive the satisfaction and discharge of this Indenture.
(d) , the resignation or removal of the Trustee and payment in full of the Notes. To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(viii) or (hix) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Quebecor Media Inc), Indenture (Quebecor Media Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Cardlytics, Inc.), Indenture (Cytokinetics Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture or the Notes) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Orthopediatrics Corp), Purchase Agreement (Orthopediatrics Corp)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture services as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Companytime agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconductit. Such expenses shall include the reasonable compensation, disbursements compensation and expenses of the Trustee’s agents and counsel.
(b) . The Company shall agrees to indemnify and hold harmless the Trustee in and each of its capacity affiliates and their respective officers, directors, employees, representatives and agents (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities or liabilities, costs and expenses (including, without limitation, reasonable out-of-pocket fees and expenses of counsel) that may be incurred by it arising or asserted or awarded against any Indemnified Party and arise in any way out of or in connection with or by reason of this Indenture or any of the acceptance or administration transactions contemplated herein, including the enforcement of its duties their rights under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such claim, damage, loss, liability liability, costs or expense may be attributable to its resulted from such Indemnified Party’s own negligence or bad faith. The Trustee In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 7.7 applies, such indemnity shall notify be effective (i) whether or not such investigation, litigation or proceeding is brought by the Company, its directors, shareholders or creditors, or any Indemnified Party, (ii) whether or not any other person or an Indemnified Party is otherwise a party thereto and (iii) whether or not the transactions contemplated hereby are consummated. If the indemnification provided for in the preceding paragraph is invalid or unenforceable in accordance with its terms, then the Company promptly of any claim for which it may seek indemnity. Failure shall contribute to the amount paid or payable by the Trustee as a result of such liability in such proportion as is appropriate to so notify reflect the relative benefits received by the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim on one hand and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect from the transactions relating to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g) or (h) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (United Community Banks Inc), Indenture (United Community Banks Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable time, pay the Trustee compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct as determined by a final non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (Limelight Networks, Inc.), Indenture (Limelight Networks, Inc.)
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture time, and services hereunder in accordance with a written schedule provided by the Trustee shall be entitled to, in Dollars such compensation as shall be agreed to in writing between the Company. The Trustee’s Company and the Trustee for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition accordance with any provision of this Indenture (including the reasonable compensation and the expenses, advances and disbursements of its agents and counsel), except to the compensation for extent any such expense, disbursement or advance may be attributable to its services, except those resulting from its own negligent action, negligent failure to act negligence or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.; and
(bc) The Company shall to indemnify the Trustee in its capacity against Dollars for, and to hold it harmless against, any and all lossesloss, liabilities liability or reasonable out-of-pocket expenses incurred by it expense arising out of or in connection with the acceptance or administration of this trust or the performance of its duties under this Indenturehereunder, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against or investigating any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent that any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct. The Trustee shall notify As security for the Company promptly performance of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.076.7, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principal, premiumthe principal of or interest, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeSecurities.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g) or (h) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 2 contracts
Samples: Indenture (FMC Corp), Indenture (Wellpoint Health Networks Inc /Ca/)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable time, pay the Trustee such compensation for its acceptance of this Indenture and services hereunder under this Indenture as the parties agree in accordance with a written schedule provided by the Trustee writing from time to the Companytime. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall indemnify will indemnify, defend and protect the Trustee (in any capacity under this Indenture or other documents or transactions entered into in connection with this Indenture) and its capacity agents, employees, officers, stockholders and directors, and hold them harmless, from and against any and all losses, liabilities or reasonable out-of-pocket expenses including taxes (other than taxes based upon, measured by or determined by the taxable income of the Trustee) incurred by it (including reasonable attorneys’ fees and expenses and court costs) arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a final, non-appealable judgment of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the resignation or removal of the Trustee and the satisfaction and discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a final non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor any Special Interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, andthe Collateral Agent, to the extent it has been appointed as such, as Paying Agent and Registrarthe Registrar (each an “Indemnified Party”) from time to time reasonable compensation for its acceptance of this Indenture and their respective services hereunder as Trustee, Collateral Agent, Paying Agent or Registrar, as the case may be, as agreed in accordance with a written schedule provided by the Trustee to the Companywriting. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly each Indemnified Party upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses expenses, disbursements and advances incurred or made by it in addition to connection with the compensation for performance of its servicesduties under, except those resulting from its own negligent actionas the case may be, negligent failure to act or willful misconductthe Indenture Documents. Such expenses shall include the reasonable compensation, disbursements fees and expenses of the Trusteeeach of such Indemnified Party’s agents and counsel.
(b) . The Company shall indemnify the Trustee in hereby indemnifies each Indemnified Party and its capacity against agents, employees, stockholders and directors and officers for, and holds each of them harmless against, any and all lossesloss, liabilities cost, claim, liability or reasonable out-of-pocket expenses expense (including taxes) incurred by it any of them except for such actions to the extent caused by any gross negligence or willful misconduct on the part of such Indemnified Party, arising out of or in connection with the acceptance Indenture Documents or the administration of its duties under this Indenturetrust, including the reasonable costs and expenses of enforcing this Indenture or the other Indenture Documents against the Company (including this Section 8.077.07) and defending itself themselves against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its their rights, powers or duties hereunder, except to hereunder or thereunder (including the extent any such loss, liability or expense may be attributable to its negligence or bad faithreasonable fees and expenses of counsel). The Trustee An Indemnified Party shall notify the Company promptly of any claim asserted against such Indemnified Party for which such Indemnified Party has advised the Trustee that it may seek indemnityindemnity hereunder or under the other Indenture Documents. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The At the Indemnified Party’s sole discretion, the Company shall defend the claim and the Trustee Indemnified Party shall cooperate and may participate in the defense; provided that any settlement of a claim shall be approved in writing by the Indemnified Party. The Trustee Alternatively, the Indemnified Party may elect to at its option have separate counsel defend the claim, but of its own choosing and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if counsel; provided that the Company fails shall not be required to assume pay such fees and expenses if it assumes the TrusteeIndemnified Party’s defense or and there is a no conflict of interest between or alternative defenses between the Company, on the one hand, Company and the Trustee, on the other hand, Indemnified Party in connection with respect to the claim, such defense as reasonably determined by the TrusteeIndemnified Party. The Company need not pay for any settlement made without its written consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) . To secure the Company’s payment obligations in this Section 8.077.07, the Trustee each Indemnified Party shall have a Lien lien prior to the Notes on all money monies, property or property Collateral held or collected by the Trustee, in its capacity as Trustee, except that assets or money held in trust to pay principal, premium, if any, and principal of or interest on particular NotesNotes which have been called for redemption. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(6) or (h7) occurs, the such expenses and the compensation for the services (including the reasonable fees and expenses of its agents and counsel) and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy LawCode. The obligations of the Company under this Section 7.07 shall survive the satisfaction and discharge of this Indenture, termination of the Collateral Agreements or the other Indenture Documents or the resignation or removal of the Trustee, Collateral Agent, Paying Agent or the Registrar. The Trustee shall comply with the provisions of TIA Section 312(b)(2) to the extent applicable.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall will, from time to time, pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify and hold harmless the Trustee (acting in its any capacity hereunder) against any and all losses, liabilities or reasonable out-of-pocket expenses (including, without limitation, attorneys fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture (including, without limitation, attorneys fees and expenses) against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure indemnity (other than any claim brought by the Trustee Company), but the Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld. The indemnification provided in this Section 10.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor any Special Interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute administrative expenses for purposes of administration priority under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (SmileDirectClub, Inc.)
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Company. The Trustee’s time agree in writing for all services rendered by it hereunder (which compensation shall not be limited (to the extent permitted by law) by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsand documented expenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable and documented compensation for and the expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence, negligent failure willful misconduct or bad faith; and
(c) to act indemnify the Trustee or willful misconduct. Such expenses shall include any predecessor, Trustee and their agents for, and to hold them harmless against, any loss, damage, claim, liability, cost or expense (including attorney's fees and taxes (other than taxes based upon, measured by or determined by the reasonable compensation, disbursements and expenses income of the Trustee’s agents and counsel.
(b)) The Company shall indemnify the Trustee in incurred without negligence, willful misconduct or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall promptly notify the Company promptly of any claim asserted against the Trustee or any of its agents for which it may seek indemnity. Failure by The Company shall defend, through counsel reasonably satisfactory to the Trustee any claim, cost, liabilities, damages and expenses, arising out of the Trustee's failure to so notify the Company shall not relieve the Company perform any of its obligations hereunder. The Company shall defend under this Indenture, provided that the claim Trustee may assume the defense of any action, and provided further that the Trustee shall cooperate in be consulted and have the defense. The Trustee may elect right to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for approve any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) any claim or suit. To secure the Company’s 's 's payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, in its capacity as Trustee, except that held in trust to pay principalthe Principal Amount at Maturity, premiumIssue Price plus Accrued Original Issue Discount, Redemption Price, Purchase Price, Trigger Event Purchase Price, contingent interest or interest, if any, and interest as the case may be, on particular NotesSecurities, or Common Stock delivered upon a conversion pursuant to Article 11, or the cash equivalent thereof. Such Lien The Company's 's payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.01(6) or (h) occurs7), the expenses and the compensation for the services (including the fees reasonable charges and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (a) The Company Issuers shall pay to the Trustee (in its capacity as Trustee, andthe Security Trustee, to the extent it has been appointed as suchCollateral Agent, as Paying Agent and RegistrarRegistrar and each of their respective officers, directors, agents and employees (each, an “Indemnified Party”) from time to time reasonable compensation for its acceptance their respective services as Trustee, Security Trustee, Collateral Agent, Paying Agent or Registrar, as the case may be, as agreed to between each of this Indenture the Trustee, the Security Trustee, the Collateral Agent, the Paying Agent and services hereunder in accordance with a written schedule provided by the Trustee to Registrar, on the Companyone hand, and the Issuers on the other. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company Issuers shall reimburse the Trustee promptly each Indemnified Party upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to connection with the compensation for performance of its servicesduties under this Indenture or the Collateral Agreements, except those resulting from its own negligent action, negligent failure to act or willful misconductas the case may be. Such expenses shall include the reasonable compensation, disbursements fees and expenses of the Trusteeeach of such Indemnified Party’s agents and outside counsel.
(b) The Company shall Issuers, jointly and severally, hereby indemnify the Trustee in each Indemnified Party and its capacity against agents, employees, stockholders and directors and officers for, and holds each of them harmless against, any and all lossesloss, liabilities cost, claim, liability or reasonable out-of-pocket expenses expense (including taxes) incurred by it any of them except to the extent caused by any gross negligence or willful misconduct on the part of such Indemnified Party, arising out of or in connection with this Indenture or the acceptance Collateral Agreements, or the administration of its duties under this Indenturethe trust created hereby, including the reasonable costs and expenses of enforcing this Indenture against the Company Issuers (including this Section 8.077.08) and defending itself themselves against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its their rights, powers or duties hereunder, except to hereunder or thereunder (including the extent any such loss, liability or expense may be attributable to its negligence or bad faithreasonable fees and expenses of outside counsel). The Trustee Indemnified Party shall notify the Company Issuers promptly of any claim asserted against an Indemnified Party for which such Indemnified Party has advised the Trustee that it may seek indemnityindemnity hereunder or under the Collateral Agreements. Failure by the Trustee an Indemnified Party to so notify the Company any Issuer shall not relieve the Company such Issuer of its obligations hereunder. The Company At the Indemnified Party’s sole discretion, the Issuers shall defend the claim and the Trustee Indemnified Party shall cooperate and may participate in the defense; provided that any settlement of a claim shall be approved in writing by the Indemnified Party. The Trustee Alternatively, the Indemnified Party may elect to at its option have separate counsel defend of its own choosing and the claim, but the Company will be obligated to Issuers shall pay the reasonable fees and expenses of such separate counsel only counsel; provided that the Issuers shall not be required to pay such fees and expenses if it assumes the Company fails to assume the TrusteeIndemnified Party’s defense or and there is a no conflict of interest between the Company, on the one hand, Issuers and the Trustee, on the other hand, Indemnified Party in connection with respect to the claimsuch defense, as reasonably determined by the TrusteeIndemnified Party. The Company No Issuer need not pay for any settlement made without its written consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s Issuers’ payment obligations in this Section 8.077.08, the Trustee each Indemnified Party shall have a Lien prior to the Notes on all money money, property or property Collateral held or collected by the Trustee, except that in its capacity as Trustee, by the Security Trustee in its capacity as Security Trustee or by the Collateral Agent in its capacity as Collateral Agent, except, in the case of the Trustee, assets or money held in trust to pay principal, premium, if any, and principal of or interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(ed) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(i) or (hand Section 6.01(j) occurs, the such expenses and the compensation for the services (including the reasonable fees and expenses of its agents and outside counsel) and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy LawCode.
(e) The obligations of the Issuers under this Section 7.08 shall survive the satisfaction and discharge of this Indenture, termination of the Collateral Agreements or the resignation or removal of the Trustee.
(f) The Trustee shall comply with the provisions of TIA Section 312(b)(2) to the extent applicable.
Appears in 1 contract
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (in its capacity as Trustee, andthe Canadian Co-Trustee, to the extent it has been appointed as suchNotes Collateral Agent, as each Paying Agent and Registrar) the Registrar from time to time reasonable compensation for its acceptance of this Indenture and services hereunder as agreed in accordance with a written schedule provided by the Trustee writing from time to the Companytime. The Trustee’s and the Canadian Co-Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The Company shall will reimburse the Trustee Trustee, the Canadian Co-Trustee, the Notes Collateral Agent promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall will include the reasonable compensation, disbursements and expenses of the Trusteesuch party’s agents and counsel.
(b) The Company shall and the Guarantors will jointly and severally indemnify each of the Trustee (acting in its any capacity hereunder), the Canadian Co-Trustee, the Notes Collateral Agent, each Paying Agent, the Registrar and their respective officers, directors, employees and agents (the “Indemnified Parties” and each, an “Indemnified Party”) against any and all losses, liabilities or expenses (including reasonable out-of-pocket attorneys’ fees and expenses and court costs) incurred by it arising out of or in connection with the acceptance or administration of its duties under this IndentureIndenture or the Collateral Documents, including the costs and expenses of enforcing this Indenture against the Company and the Guarantors (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to, with respect to the Trustee, the Canadian Co-Trustee and any related Indemnified Party, its negligence or bad faithwillful misconduct or, with respect to the Notes Collateral Agent, each Paying Agent, the Registrar and any related Indemnified Parties, its gross negligence or willful misconduct. The Trustee shall Each Indemnified Party will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee an Indemnified Party to so notify the Company shall will not relieve the Company or any of its obligations hereunderthe Guarantors of their Obligations hereunder or under the Collateral Documents. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but Neither the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not nor any Guarantor needs pay for any settlement made without its consent, which consent shall will not be unreasonably withheldwithheld or delayed.
(c) The obligations Obligations of the Company and the Guarantors under this Section 8.07 shall 7.06 will survive the satisfaction and discharge of this Indenture and the termination of the Collateral Documents.
(d) To secure the Company’s and the Guarantors’ payment Obligations in this Section 7.06, the Trustee will have a first priority Lien, and each other Indemnified Party will have a Lien, prior to the Notes, on all money, Collateral or property held or collected by the Trustee, in its capacity as Trustee, the Canadian Co-Trustee, in its capacity as Canadian Co-Trustee, or the Notes Collateral Agent, in its capacity as Notes Collateral Agent, except, in the case of the Trustee, that held in trust to pay principal of, premium, if any, and interest on particular Notes pursuant to Article 8 hereof. Such Lien will survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee an Indemnified Party incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(10) or (h11) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy LawInsolvency Laws.
Appears in 1 contract
Samples: Indenture (Greenfire Resources Ltd.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may is proved to be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B). The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or Table of Contents that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Progenity, Inc.)
Compensation and Indemnity. (a) The Company Issuer and the Company, jointly and severally, shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder and under the Notes as the parties may from time to time agree in accordance with a written schedule provided by the Trustee to the Companywriting. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer and the Company shall shall, jointly and severally, reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition it, including, but not limited to, costs of collection, costs of preparing reports, certificates and other documents, costs of preparation and mailing of notices to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconductHolders. Such expenses shall include the reasonable compensationcompensation and expenses, disbursements and expenses advances of the agents, counsel, accountants and experts of the Trustee’s agents . The Issuer and counsel.
(b) The the Company shall, jointly and severally, shall indemnify the Trustee in or any predecessor Trustee (which for purposes of this Section 7.06 shall be deemed to include its capacity directors, officers, agents and employees), the Paying Agent and the Registrar against any and all lossesloss, liabilities liability or expense (including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) and reasonable out-of-pocket expenses and documented attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of this trust and/or the performance of its duties under this Indenturehereunder, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or Company, the Issuer, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section 7.06, except to the extent any that such loss, damage, claim, liability or expense may be attributable is determined in a final non-appealable judgment by a court of competent jurisdiction is due to its negligence own willful misconduct or bad faithgross negligence. The Trustee Trustee, the Paying Agent or the Registrar, as applicable, shall notify the Issuer and the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee Trustee, the Paying Agent or the Registrar to so notify the Issuer and the Company shall not relieve the Issuer and the Company of its their obligations hereunder. The Issuer and the Company shall defend the claim and the Trustee shall cooperate in Trustee, the defense. The Trustee Paying Agent or the Registrar may elect to have separate counsel defend and the claim, but Issuer and the Company will be obligated to shall pay the reasonable and documented fees and expenses of such separate counsel only if counsel; provided that the Issuer and the Company fails shall not be required to pay such fees and expenses if they assume the Trusteesuch indemnified party’s defense or and, in such indemnified party’s reasonable judgment, there is a no conflict of interest between the Company, on the one hand, Issuer and the Trustee, on Company and such parties in connection with such defense. In no event shall the other hand, Issuer or the Company be liable for fees and expenses of more than one counsel (in addition to any local counsel) separate from its own counsel for all indemnified parties in connection with respect to any one action or separate but similar or related actions in the claim, as reasonably determined by same jurisdiction arising out of the Trusteesame general allegations or circumstance. The Issuer and the Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheldwithheld or delayed.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(db) To secure the Issuer’s and the Company’s payment obligations in this Section 8.077.06, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that Trustee other than money or property held in trust to pay principal, premiumprincipal of and interest and Additional Amounts, if any, and interest on particular Notes. Such Lien Securities.
(c) The Issuer’s and the Company’s payment obligations pursuant to this Section 7.06 shall survive the satisfaction and discharge of this Indenture Indenture, final payment on the Securities and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in Sections 7.01(gSection 6.01(a)(vii) or (hSection 6.01(a)(viii) occurswith respect to the Issuer or the Company, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any the U.S. Bankruptcy LawCode.
Appears in 1 contract
Samples: Indenture (Suzano Austria GmbH)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this the Indenture and services hereunder in accordance with a written schedule provided by under the Trustee to the CompanyIndenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to under the compensation for its servicesIndenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this the Indenture, including the costs and expenses of enforcing this the Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder the Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this the Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: First Supplemental Indenture (Cheesecake Factory Inc)
Compensation and Indemnity. (a) The Company shall agrees:
(i) to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and all services rendered by it hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(ii) except as otherwise expressly provided herein, to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence or bad faith; and
(iii) to indemnify the Trustee for, negligent failure and to act hold it harmless against, any loss, liability or willful misconduct. Such expenses shall include expense (including the reasonable compensation, expenses and disbursements and expenses of the Trustee’s agents its agents, accountants, experts and counsel.
(b) The Company shall indemnify the Trustee in incurred without negligence or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including including, without limitation, this Section 8.077.7) and of defending itself against any claim (whether asserted by either of the Company or any Holder or any other personthe Company) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. .
(b) The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of Company need not reimburse any expense or indemnify the Company under this Section 8.07 shall survive Trustee against any loss or liability to the satisfaction and discharge of this Indentureextent incurred by the Trustee through its negligence, bad faith or willful misconduct.
(d) To secure the Company’s 's payment obligations in this Section 8.077.7, the Trustee shall have a Lien lien prior to the Notes on all assets or money or property held or collected by the Trustee, in its capacity as Trustee, except that assets or money held in trust to pay principalprincipal of, premium, or interest or Liquidated Damages (if any) on, and interest on particular Notes. Such Lien The Trustee's right to receive payment of any amounts due under this Section 7.7 shall survive the satisfaction and discharge of this Indenture and the resignation not be subordinate to any other liability or removal indebtedness of the Trustee.
Company. (e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.1(viii) or (hix) occurs, the such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under Title 11, U.S. Code, or any Bankruptcy Lawsimilar federal or state law.
Appears in 1 contract
Samples: Indenture (Orbital Imaging Corp)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06.(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01.(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Perficient Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Beauty Health Co)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this the Indenture and services hereunder in accordance with a written schedule provided under the Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to under the compensation for its servicesIndenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this the Indenture, including the costs and expenses of enforcing this the Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder the Indenture, except to the extent any such loss, liability or expense may be is attributable (as determined by a final decision of a court of competent jurisdiction) to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this the Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which xxxx will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. The Company agrees to:
(a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Company. The Trustee’s time agree in writing for all services rendered by it hereunder (which compensation shall not be limited (to the extent permitted by law) by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the compensation for and the reasonable expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligence or willful misconduct; and
(c) fully indemnify the Trustee or any predecessor Trustee and their agents for, and to hold them harmless against, any and all loss, damage, claim, liability, cost or expense (including attorney's fees and expenses, and taxes (other than taxes based upon, measured by or determined by the income of the Trustee)) incurred without negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensationmisconduct on their part, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself themselves against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its the Trustee's powers or duties hereunder, except or in connection with enforcing the provisions of this Section 9.7. With regard to its indemnification rights under Section 9.7(c) where the extent Company has assumed the defense in any action or proceeding, the Trustee shall have the right to employ separate counsel in any such lossaction or proceeding and participate in the investigation and defense thereof, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify and the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel; provided, however, that the Trustee may only employ separate counsel only if at the expense of the Company fails to assume if in the Trustee’s defense or there is reasonable judgment of the Trustee (i) a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect exists by reason of common representation or (ii) there are legal defenses available to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of Trustee that are different from or are in addition to those available to the Company under this Section 8.07 shall survive or if all parties commonly represented do not agree as to the satisfaction and discharge action (or inaction) of this Indenture.
(d) counsel. To secure the Company’s 's payment obligations in this Section 8.079.7, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principalthe principal amount, premiumRedemption Price, Purchase Price, Fundamental Change Purchase Price, interest, Additional Amounts or Additional Interest, if any, and interest as the case may be, on particular NotesSecurities. Such Lien The Company's payment obligations pursuant to this Section 9.7 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 8.1(j) or (h) occursSection 8.1(k), the expenses and the compensation for the services (including the fees reasonable charges and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Willbros Group Inc)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by agreement between the Trustee to and the Company. The Trustee’s 's compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents 's agents, accountants, experts and counsel.
(b) . The Company shall indemnify the Trustee in its capacity against for, and hold the Trustee harmless against, any and all losses, liabilities liabilities, claims, damages or expenses (including, without limitation reasonable out-of-pocket expenses attorneys' fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunderhereunder unless the Company is materially prejudiced thereby. The Company shall defend the claim with counsel designated by the Company, who may be outside counsel to the Company but shall in all events be reasonably satisfactory to the Trustee, and the Trustee shall cooperate in the defense. The In addition, the Trustee may elect to have retain separate counsel defend and, if the claim, but Trustee shall have been advised by such counsel that there may be one or more legal defenses available to the Trustee which are different from or in addition to those available to the Company will and which the counsel designated by the Company would be obligated to precluded from asserting or that the Trustee has one or more interests that conflict with those of the Company, the Company shall pay the reasonable fees and expenses of such separate counsel only if counsel. The indemnification herein extends to any settlement, provided that the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need will not pay be liable for any settlement made without its written consent, which provided, further, that such consent shall will not be unreasonably withheld.
(c) . The obligations of the Company under this Section 8.07 7.07 shall survive the resignation or removal of the Trustee and/or the satisfaction and discharge of this Indenture.
(d) . To secure the Company’s 's payment obligations in this Section 8.07Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Indenture. When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(iv) or (h) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. The Trustee shall comply with the provisions of TIA ss. 313(b)(2) to the extent applicable.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Bloom Energy Corp)
Compensation and Indemnity. (a) The Company shall pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture services as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Companytime agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly and Agents upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses and advances incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconductit. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) . The Company shall indemnify indemnify, defend and hold harmless each of the Trustee (acting in its any capacity hereunder) the Agents, and any predecessor Trustee (including the cost of defending itself) (an “Indemnified Party”) from and against any and all cost, claim, obligation, expense, losses, liabilities damages, injuries, penalties, or reasonable out-of-pocket expenses liability, including taxes demanded, asserted, claimed or incurred by it arising out of it, whether asserted by any Holder, the Company, or in connection otherwise, and including without limitation all reasonable costs required to be associated with the acceptance claims for damages to persons or administration of its duties under this Indentureproperty, including and reasonable attorneys' and consultants' fees and expenses and court costs, the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) the indemnification provided herein), and of defending itself against any claim (whether asserted by either of claims, except as set forth in the Company or any Holder or any other person) or liability next paragraph in connection with the exercise or performance of any of its powers duties under this Indenture as Trustee or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithAgent. The Trustee An Indemnified Party shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee such Indemnified Party to so notify the Company shall not relieve the Company of its obligations hereunderunder this Section 7.7. The Company shall may defend the claim and the Trustee such Indemnified Party shall cooperate in the defense; provided that: (i) counsel appointed by the Company is reasonably acceptable to such Indemnified Party, (ii) there is no conflict of interest between one or more of the Indemnified Parties, on the one hand, and the Company, on the other hand, in the conduct of the response to a threatened claim or in the conduct of the defense of an actual claim that would make it inappropriate for the Company to assume such defense, in which event the Company shall be liable for the reasonable legal expenses of each counsel whose appointment is necessary to resolve such conflict and (iii) the Company shall not enter into any settlement with respect to such claim or action without the Indemnified Parties’ prior written consent (which such consent shall not be unreasonably withheld or delayed). The Trustee An Indemnified Party may elect to have separate counsel defend the claim, but of its selection and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteecounsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations . This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee (acting in any capacity hereunder) or Agent. The Company under this Section 8.07 shall survive need not reimburse any expense or indemnify against any loss or liability incurred by the satisfaction and discharge Trustee or by any officer, director, employee, shareholder or agent (i) of this Indenture.
the Trustee through willful misconduct or negligence, as determined by a final non-appealable order of a court of competent jurisdiction; (dii) of an Agent through willful misconduct or gross negligence, as determined by a final non-appealable order of a court of competent jurisdiction. To secure the Company’s payment obligations in this Section 8.07Section, the Trustee shall have a Lien lien prior to the Notes Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, principal of and interest on particular NotesSecurities of that Series. Such Lien shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.1(d) or (he) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. The provisions of this Section shall survive the termination of this Indenture and the earlier resignation or removal of the Trustee.
Appears in 1 contract
Samples: Indenture (Iip-Co 3 LLC)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable time, pay the Trustee and the Note Agents compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee shall from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall and the Guarantors, jointly and severally, will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company or the Guarantors (including this Section 8.0711.06 and the provisions of Article 9) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeunder this Section 11.06(B). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall Article 11 will survive the satisfaction and resignation or removal of the Trustee and/or the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.07hereunder, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clauses (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Boxed, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld, conditioned or delayed. Any settlement that affects the Trustee may not be entered into without the consent of the Trustee, unless the Trustee is given a full and unconditional release from liability with respect to the claims covered thereby and such settlement does not include a statement or admission of fault, culpability or failure to act by or on behalf of the Trustee. The indemnification provided in this Section 10.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor any Special Interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Haemonetics Corp)
Compensation and Indemnity.
(a) The Company shall will pay to the Trustee (in its capacity as Trustee, and, to and the extent it has been appointed as such, as Paying Agent and Registrar) Collateral Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder as agreed to in accordance with a written schedule provided by the Trustee to the Companywriting. The Trustee’s and the Collateral Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The Company shall will reimburse the Trustee and the Collateral Trustee promptly upon written request for all reasonable disbursements, advances and reasonable out-of-pocket documented fees and expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure any such fee or expense as may be attributable to act the Trustee’s or Collateral Trustee’s gross negligence or willful misconductmisconduct as determined by a court of competent jurisdiction in a final, nonappealable judgment. Such expenses shall will include the reasonable compensation, disbursements and documented fees and expenses of the Trustee’s and the Collateral Trustee’s agents and counsel.
(b) The Company shall will indemnify the Trustee and the Collateral Trustee (both individually and in its their capacity as such) and hold each of the foregoing harmless against any and all losses, liabilities liabilities, expenses, claims or damages (including reasonable out-of-pocket and documented fees and expenses of counsel and taxes other than those based upon the income of the Trustee) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.077.07) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the acceptance, exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final, nonappealable judgment. The Trustee shall and the Collateral Trustee will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee or the Collateral Trustee to so notify the Company shall will not relieve the Company of its obligations hereunder. The Company shall will defend the claim and the Trustee shall and the Collateral Trustee will, and will cause its officers, directors, employees and agents to, cooperate in the defense. The Trustee and the Collateral Trustee may elect to have separate counsel defend the claim, but and the Company will be obligated to pay the reasonable and documented fees and expenses of such separate counsel only if counsel; provided that the Company fails will not be required to pay such fees and expenses if they assume the Trustee’s and the Collateral Trustee’s defense or with counsel reasonably acceptable to and approved by the Trustee and the Collateral Trustee (such consent not to be unreasonably withheld) and there is a no conflict of interest between the Company, on the one hand, Company and the Trustee, on Trustee and the other hand, Collateral Trustee in connection with respect to the claim, as reasonably determined by the Trusteesuch defense. The Company need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld, delayed or conditioned. The Company need not make any expense or indemnify against any loss or liability to the extent Incurred by the Trustee or the Collateral Trustee through its gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, nonappealable judgment.
(c) The obligations of the Company under this Section 8.07 shall 7.07 will survive the satisfaction and discharge of this IndentureIndenture and the resignation or removal of the Trustee or the Collateral Trustee.
(d) To secure the Company’s payment obligations in this Section 8.077.07, the Trustee shall and the Collateral Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee and the Collateral Trustee, except that held in trust to pay distribute principal, premium, if any, and interest on particular Notes. Such Lien shall will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(e) When each of the Trustee and the Collateral Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(8) or (h9) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
(f) All indemnities to be paid to the Trustee or the Collateral Trustee under this Indenture shall be payable promptly when due in U.S. Dollars in the full amount due, without deduction for any variation in any rate of exchange. The Company agrees to indemnify the Trustee and the Collateral Trustee against any losses incurred by the Trustee and the Collateral Trustee as a result of any judgment or order being given or made for amounts due hereunder and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than U.S. Dollars and as a result of any variation as between (1) the rate of exchange at which the U.S. Dollar amount is converted into Judgment Currency for the purpose of such judgment or order, and (2) the rate of exchange at which the Trustee or the Collateral Trustee is then able to purchase U.S. Dollars with the amount of the Judgment Currency actually received by the Trustee or the Collateral Trustee. The indemnity set forth in this Section 7.07 shall constitute a separate and independent obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid.
Appears in 1 contract
Samples: Indenture
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable time, pay the Trustee such compensation as shall have been previously agreed upon in writing, for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances advances, costs and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements disbursements, costs and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket liabilities, costs, claims and expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability claim, liability, cost or expense may be is attributable to its gross negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest, if any, and interest on on, particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Kadmon Holdings, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Cryoport, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence gross negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable (as determined by a final decision of a court of competent jurisdiction) to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (SB/RH Holdings, LLC)
Compensation and Indemnity. (a) The Company shall agrees:
(1) to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time such reasonable compensation for its acceptance of this Indenture as shall be agreed in writing between the Company and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s for all services rendered by it hereunder (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(2) to reimburse the Trustee promptly upon its request for all reasonable disbursementsand documented expenses, disbursements and advances and reasonable out-of-pocket expenses (if any) incurred or made by it the Trustee in addition to the compensation for its servicesaccordance with any provision of this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensationcompensation and the expenses, disbursements and expenses advances of the Trustee’s its agents and counsel.) and all reasonable expenses, disbursements and advances incurred or made by the Trustee in connection with any membership on any creditor's committee, excluding, however, any such expense, disbursement or advance that may be attributable to the negligence or bad faith of the Trustee or its agents or counsel;
(b3) The Company shall to reimburse the Trustee's counsel on the Effective Date for its fees and expenses in connection with review and revision and delivery of this Indenture and related documentation; and
(4) to indemnify the Trustee in its capacity against as such, (which for purposes of this subsection (4) shall include its officers, directors, employees, and agents) for, and to hold it harmless against, any and all lossesloss, liabilities liability, costs, claim (including the fees and disbursements of counsel), or reasonable out-of-pocket expenses expense, incurred by it without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this Indenture or performance of its duties under this Indenturehereunder, including the reasonable and documented costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the have a claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a Lien lien prior to the Notes on as to all money property and funds held by it hereunder for any amount owing it or property held or collected by the Trusteeany predecessor Trustee pursuant to this Section 7.7, except that with respect to funds held in trust to pay principalfor the payment of principal of, premium, if any, and or interest on particular Notesthe Notes or portions thereof. Such Lien The Company's payment obligations pursuant to this Section 7.7 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) Trustee and the discharge of this Indenture. When the Trustee renders services or incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 6.1(viii) or (hSection 6.1(ix) occurshereof, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall will, from time to time, pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture as may be agreed by the Company and the Trustee in writing from time to the Companytime. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (acting in its any capacity hereunder) against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B). The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld, conditioned or delayed. Any settlement that affects the Trustee may not be entered into without the consent of the Trustee, unless the Trustee is given a full and unconditional release from liability with respect to the claims covered thereby and such settlement does not include a statement or admission of fault, culpability or failure to act by or on behalf of the Trustee, and any amounts in connection with such settlement shall not be paid from the personal assets of the Trustee. The indemnification provided in this Section 10.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity and the Note Agents against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it them arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in such defense at the defenseexpense of the Company. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld, conditioned or delayed. Any settlement that affects the Trustee may not be entered into without the consent of the Trustee, unless the Trustee is given a full and unconditional release from liability with respect to the claims covered thereby and such settlement does not include a statement or admission of fault, culpability or failure to act by or on behalf of the Trustee. The indemnification provided in this Section 10.06 will extend to the officers, directors, agents and employees of the Trustee and any successor Trustee under this Indenture.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Booking Holdings Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder under this Indenture as the Company shall from time to time agree in accordance with a written schedule provided by the Trustee to the Companywriting. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07Section 10.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall Section 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.07Section 10.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (h(ix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Lucid Group, Inc.)
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (and to the extent the Trustee acts as Registrar, Paying Agent or Authenticating Agent, from time to time such compensation as shall have been agreed to in writing between the Company and the Trustee for all services rendered by it hereunder in its capacity as Trustee, andRegistrar, Paying Agent or Authenticating Agent (which compensation shall not (to the extent it has been appointed as such, as Paying Agent and Registrarpermitted by law) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon request its written request, for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses, advances and disbursements of its servicesagents and counsel (who may be in-house counsel)), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionor their negligence, negligent failure bad faith or wilfull misconduct; and
(c) to act indemnify each of the Trustee or willful misconduct. Such expenses shall include any predecessor Trustee (and its directors, officers, employees and agents) for, and to hold it harmless against, any and all loss, liability, damage, claim or expense, including taxes (other than taxes based upon, measured or determined by the reasonable compensation, disbursements and expenses income of the Trustee’s agents ), incurred without negligence, bad faith or wilful misconduct on its part (or on the part of its directors, officers, employees and counsel.
(b) The Company shall indemnify the Trustee in its capacity against any and all lossesagents), liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the reasonable costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify give the Company promptly prompt notice of any claim or liability for which it may seek indemnity. Failure by the Trustee might be entitled to so notify the Company shall not relieve the Company indemnification under subparagraph (c) of its obligations hereunderthis Section 7.7. The Company shall defend the claim and the Trustee shall cooperate provide reasonable cooperation at the Company's expense in the defense. The Trustee may elect to have separate counsel defend the claim, but with regard to defense of any claim and the Company will be obligated to shall pay the reasonable fees and expenses of such separate counsel only if counsel; PROVIDED, that the Company fails will not be required to assume pay such fees and expenses if it assumes the Trustee’s 's defense or and there is a no conflict of interest between the Company, on the one hand, Company and the Trustee, on the other hand, Trustee in connection with respect to the claim, as reasonably determined by the Trusteesuch defense. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the Trustee through its negligence, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) bad faith or willful misconduct. To secure the Company’s 's payment obligations in this Section 8.077.7, the Trustee shall have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive Trustee or the satisfaction and discharge of this Indenture and the earlier resignation or removal of the Trustee.
(e) . The Company's payment obligations pursuant to this Section 7.7 shall survive the discharge of this Indenture. When the Trustee incurs expenses or renders services after an Event the occurrence of a Default specified in Sections 7.01(gSection 7.1(f) or (h) occursg), the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy LawFederal or State bankruptcy laws. The provisions of this Section shall survive the termination of this Indenture.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall will, from time to time, pay to the Trustee (acting in its any capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrarhereunder) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyunder this Indenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, court costs, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (acting in its any capacity hereunder) against any and all losses, liabilities or expenses (including, without limitation, the reasonable out-of-pocket expenses fees and disbursements of the Trustee’s agents, legal counsel, accountants and experts and court costs) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause Section 7.01(A)(ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Bloomin' Brands, Inc.)
Compensation and Indemnity. (a) The Company shall will pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation as agreed to in writing by the Trustee and the Company for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Companyhereunder. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(b) The Company shall indemnify and the Guarantors will indemnify, defend and protect, jointly and severally, the Trustee (in its individual capacity against and in any capacity under this Indenture and any other document or transaction entered into in connection herewith) and its agents and any authenticating agent for, and to hold them harmless against, any and all losses, liabilities liabilities, claims or reasonable out-of-pocket expenses expenses, including taxes (other than taxes based upon, or measured by or determined by the income of the Trustee) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses (including reasonable fees, costs and expenses of its agents and counsel and court costs) of enforcing this Indenture against the Company and the Guarantors (including this Section 8.077.06) and defending itself against any claim (whether asserted by either of the Company or Company, the Guarantors, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its gross negligence or bad faithwillful misconduct, as determined by a court of competent jurisdiction in a final, non-appealable decision. The Trustee shall will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall will not relieve the Company or any of its the Guarantors of their obligations hereunder. The Company shall or such Guarantor will defend the claim and the Trustee shall will cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but and the Company will be obligated to pay the reasonable fees fees, costs and expenses of such separate counsel only if counsel. Neither the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company nor any Guarantor need not pay for any settlement made without its consent, which consent shall will not be unreasonably withheld.
(c) The obligations of the Company and the Guarantors under this Section 8.07 shall 7.06 will survive the satisfaction and discharge of this IndentureIndenture or the earlier resignation or removal of the Trustee.
(d) To secure the Company’s and the Guarantors’ payment obligations in this Section 8.077.06, the Trustee shall will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, principal and interest on particular Notes. Such Lien shall will survive the satisfaction and discharge of this Indenture and or the earlier resignation or removal of the TrusteeTrustee or any termination of this Indenture including in connection with any bankruptcy proceeding of the Company and/or the Guarantors.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.01(8) or (h9) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities under this Indenture or the Notes) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct, as determined by a final decision of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (ix) or (hx) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (LumiraDx LTD)
Compensation and Indemnity. (a) For purposes of this Section 7.07, the Trustee and Collateral Agent are referred to collectively as the “Indemnified Parties,” and each is an “Indemnified Party.” The Company Issuer shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) each Indemnified Party from time to time reasonable such compensation as the Issuer and such Indemnified Party shall from time to time agree in writing for its acceptance of this Indenture and services hereunder in accordance with and under the other Notes Documents to which it is a written schedule provided by the Trustee to the Companyparty. The TrusteeNeither Indemnified Party’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company Issuer shall reimburse the Trustee promptly each Indemnified Party upon request for all reasonable disbursements, expenses and advances (including reasonable fees and reasonable out-of-pocket expenses of counsel) incurred or made by it in addition to the compensation for its services, except those resulting from its own negligent actionany such disbursements, negligent failure expenses and advances as may be attributable to act such Indemnified Party’s gross negligence or willful misconduct. Such expenses shall include the reasonable compensation, disbursements fees and expenses of the Trusteeeach Indemnified Party’s agents and counsel.
(b) . The Company Issuer shall indemnify the Trustee in its capacity against each Indemnified Party or any predecessor Indemnified Party and their respective agents, employees, officers, stockholders and directors for, and hold them harmless against, any and all lossesloss, liabilities damage, claims including taxes (other than taxes based upon, measured by or reasonable out-of-pocket expenses determined by the income of such Indemnified Party), liability or expense incurred by it them except for such actions to the extent caused by, in the case of the Trustee, any gross negligence or willful misconduct on its part, and, in the case of the Collateral Agent, any gross negligence or willful misconduct on its part, in each case arising out of or in connection with the acceptance or administration of this Indenture or the other Notes Documents or the exercise or performance of any of its powers and duties under this Indenturethe Notes Documents to which it is a party, including the reasonable costs and expenses of enforcing this Indenture defending themselves against the Company (including this Section 8.07) and defending itself against or investigating any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its an Indemnified Party’s rights, powers or duties hereunder, except hereunder and under the other Notes Documents to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwhich it is a party. The Trustee Each Indemnified Party shall notify the Company Issuer promptly of any claim asserted against such Indemnified Party or any of its agents, employees, officers, stockholders and directors for which it may seek indemnity. Failure by The Issuer may, subject to the Trustee to so notify approval of the Company such Indemnified Party (which approval shall not relieve the Company of its obligations hereunder. The Company shall be unreasonably withheld), defend the claim and the Trustee such Indemnified Party shall cooperate in the defense. The Trustee Indemnified Party and its agents, employees, officers, stockholders and directors subject to the claim may elect to have separate counsel defend and the claim, but the Company will be obligated to Issuer shall pay the reasonable fees and expenses of such separate counsel only if counsel; provided, however, that the Company fails Issuer will not be required to assume pay such fees and expenses if, subject to the Trusteeapproval of the Indemnified Party (which approval shall not be unreasonably withheld), it assumes such Indemnified Party’s defense or and there is a no conflict of interest between the Company, on the one hand, Issuer and the TrusteeIndemnified Party and its agents, on the other handemployees, with respect officers, stockholders and directors subject to the claim, claim in connection with such defense as reasonably determined by the Trusteesuch Indemnified Party. The Company Issuer need not pay for any settlement made without its written consent, which consent shall . The Issuer need not be unreasonably withheld.
(c) The obligations of reimburse any expense or indemnify against any loss or liability to the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) extent incurred by an Indemnified Party through its gross negligence or willful misconduct. To secure the CompanyIssuer’s payment obligations in this Section 8.077.07, the Trustee each Indemnified Party shall have a Lien an equal and ratable senior lien prior to the Notes on against all money or property held or collected by Trustee and Collateral Agent, in such capacities. Without prejudice to its rights hereunder, when an Indemnified Party incurs expenses or renders services after a Default or Event of Default specified in Section 6.01(10) or (11) occurs, such expenses and the Trusteecompensation for such services (including the fees and expenses of its agent and counsel) shall constitute expenses of administration under the Bankruptcy Law. Notwithstanding any other provision in this Indenture or the other Notes Documents, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien the foregoing provisions of this Section 7.07 shall survive the satisfaction and discharge of this Indenture and or the resignation appointment of a successor Trustee or removal of the TrusteeCollateral Agent.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(g) or (h) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Headwaters Inc)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee and the Note Agents reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by under this Indenture and the Notes as the Company and the Trustee will from time to the Companytime agree in writing. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each of its capacity capacities) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faithwillful misconduct, as determined by a final, non-appealable order of a court of competent jurisdiction. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Compensation and Indemnity. The Company agrees:
(a) The Company shall to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable such compensation for its acceptance of this Indenture as the Company and services hereunder in accordance with a written schedule provided by the Trustee shall from time to the Company. The Trustee’s time agree in writing for all services rendered by it hereunder (which compensation shall not be limited (to the extent permitted by law) by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(b) to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses, advances and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence or bad faith; and
(c) to indemnify the Trustee or any predecessor Trustee and their officers, negligent failure directors, employees and agents for, and to act hold them harmless against, any loss, damage, claim, liability, cost or willful misconduct. Such expenses shall include expense (including attorney's fees and expenses, and taxes (other than taxes based upon, measured by or determined by the reasonable compensation, disbursements and expenses income of the Trustee’s agents and counsel.
(b)) The Company shall indemnify the Trustee in incurred without negligence or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture.
(d) To secure the Company’s 's payment obligations in this Section 8.077.07, the Trustee shall have a Lien lien prior to the Notes Securities on all money or property held or collected by the Trustee, except that held in trust to pay principalthe principal amount of, premiumor the Redemption Price, Change of Control Purchase Price, Interest, or Liquidated Damages, if any, and interest as the case may be, on particular NotesSecurities. Such Lien The provisions of this Section 7.07 shall apply with the same force and effect to the Trustee acting in its capacity as Conversion Agent, Registrar, Paying Agent and Calculation Agent. The Company's payment obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.
(e) . When the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in Sections 7.01(gSection 6.01(8) or (h) occurs6.01(9), the expenses and the compensation for the services (expenses, including the fees reasonable charges and expenses of its agents and counsel) , are intended to constitute expenses of administration under any Bankruptcy Lawbankruptcy law. In no event shall the Trustee be liable for any indirect, special, punitive or consequential loss or damage of any kind whatsoever, including, but not limited to, lost profits, even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. In no event shall the Trustee be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond its control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government action, including any laws, ordinances, regulations, governmental action or the like which delay, restrict or prohibit the providing of services contemplated by this Agreement.
Appears in 1 contract
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided under this Indenture, as separately agreed by the Trustee to Company and the CompanyTrustee. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its servicesunder this Indenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee (in each if its capacity capacities under this Indenture) and its directors, officers, employees and agents, in their capacities as such, against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 8.0710.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder this Indenture, except to the extent any such loss, liability or expense may be is attributable (as determined by a final decision of a court of competent jurisdiction) to its negligence or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 10.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 10.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0710.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (viii) or (hix) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: Indenture (Freshpet, Inc.)
Compensation and Indemnity. (aA) The Company shall pay to the Trustee (in its capacity as Trusteewill, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time time, pay the Trustee reasonable compensation for its acceptance of this the Indenture and services hereunder in accordance with a written schedule provided by under the Trustee to the CompanyIndenture. The Trustee’s compensation shall will not be limited by any law on compensation of a trustee of an express trust. The In addition to the compensation for the Trustee’s services, the Company shall will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to under the compensation for its servicesIndenture, except those resulting from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.
(bB) The Company shall will indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this the Indenture, including the costs and expenses of enforcing this the Indenture against the Company (including this Section 8.0711.06) and defending itself against any claim (whether asserted by either of the Company or Company, any Holder or any other personPerson) or liability in connection with the exercise or performance of any of its powers or duties hereunderunder the Indenture, except to the extent any such loss, liability or expense may be is attributable to its negligence negligence, bad faith or bad faithwillful misconduct. The Trustee shall will promptly notify the Company promptly of any claim for which it may seek indemnity. Failure by , but the Trustee Trustee’s failure to so notify the Company shall will not relieve the Company of its obligations hereunderunder this Section 11.06(B), except to the extent the Company is materially prejudiced by such failure. The Company shall will defend the claim such claim, and the Trustee shall will cooperate in the such defense. The If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may elect to have retain separate counsel defend the claimcounsel, but and the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if (including the Company fails reasonable fees and expenses of counsel to assume the Trustee’s defense or there is Trustee incurred in evaluating whether such a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trusteeexists). The Company need not pay for any settlement of any such claim made without its consent, which consent shall will not be unreasonably withheld.
(cC) The obligations of the Company under this Section 8.07 shall 11.06 will survive the satisfaction resignation or removal of the Trustee and the discharge of this the Indenture.
(dD) To secure the Company’s payment obligations in this Section 8.0711.06, the Trustee shall will have a Lien lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principalprincipal of, premiumor interest on, if any, and interest on particular Notes. Such Lien shall , which lien will survive the satisfaction and discharge of this Indenture and the resignation or removal of the TrusteeIndenture.
(eE) When If the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gpursuant to clause (x) or (hxi) of Section 7.01(A) occurs, the then such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
Appears in 1 contract
Samples: First Supplemental Indenture (Centennial Resource Development, Inc.)
Compensation and Indemnity. (a) The Company shall agrees:
(i) to pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Registrar) from time to time reasonable compensation for its acceptance of this Indenture and all services rendered by it hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s (which compensation shall not be limited by any provision of law on in regard to the compensation of a trustee of an express trust. The Company shall );
(ii) except as otherwise expressly provided herein, to reimburse the Trustee promptly upon its request for all reasonable disbursementsexpenses, disbursements and advances and reasonable out-of-pocket expenses incurred or made by it the Trustee in addition to accordance with any provision of this Indenture (including the reasonable compensation for and the expenses and disbursements of its servicesagents and counsel), except those resulting from any such expense, disbursement or advance as may be attributable to its own negligent actionnegligence or bad faith; and
(iii) to indemnify the Trustee for, negligent failure and to act hold it harmless against, any loss, liability or willful misconduct. Such expenses shall include expense (including the reasonable compensation, expenses and disbursements and expenses of the Trustee’s agents its agents, accountants, experts and counsel.
(b) The Company shall indemnify the Trustee in incurred without negligence or bad faith on its capacity against any and all lossespart, liabilities or reasonable out-of-pocket expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenturetrust, including the costs and expenses of enforcing this Indenture against the Company (including including, without limitation, this Section 8.077.7) and of defending itself against any claim (whether asserted by either of the Company or any Holder or any other personthe Company) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. .
(b) The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
(c) The obligations of Company need not reimburse any expense or indemnify the Company under this Section 8.07 shall survive Trustee against any loss or liability to the satisfaction and discharge of this Indentureextent incurred by the Trustee through its negligence, bad faith or willful misconduct.
(d) To secure the Company’s 's payment obligations in this Section 8.077.7, the Trustee shall have a Lien lien prior to the Notes on all assets or money or property held or collected by the Trustee, in its capacity as Trustee, except that assets or money held in trust to pay principalprincipal of, premium, or interest or Liquidated Damages (if any) on, and interest on particular Notes. Such Lien The Trustee's right to receive payment of any amounts due under this Section 7.7 shall survive the satisfaction and discharge of this Indenture and the resignation not be subordinate to any other liability or removal indebtedness of the TrusteeCompany.
(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Sections 7.01(gSection 6.1(viii) or (hix) occurs, the such expenses and the compensation for the such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under Title 11, U.S. Code, or any Bankruptcy Lawsimilar federal or state law.
(f) The provisions of this Section 7.7 shall survive the resignation or removal of the Trustee and the satisfaction and discharge of this Indenture.
(g) The Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent possible.
Appears in 1 contract
Samples: Indenture (Orbital Imaging Corp)