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Common use of Holders’ Indemnity Clause in Contracts

Holders’ Indemnity. The Indenture Trustee shall be entitled, subject to such Indenture Trustee’s duty set forth in Section 6.01 to act with the required standard of care, to be indemnified by the Holders of the Equipment Notes before proceeding to exercise any right or power under this Master Indenture and any Series Supplement or the Servicing Agreement at the request or Direction of such Holders.

Appears in 3 contracts

Sources: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

Related Clauses

  • Seller’s Indemnity
  • Purchaser’s Indemnity
  • Buyer’s Indemnity
  • Lenders’ Indemnification
  • Purchaser’s Indemnification

Parent Clauses

  • Appointment of Successor
  • Indemnification
  • Indemnity
  • Preservation of Information; Communications to Holders
  • Optional Modifications

Sub-Clauses

  • Modification Without Consent of Holders, Providers of Eligible Credit Facilities and the Policy Provider
  • Modification with Consent of Holders, the Policy Provider, the Initial Liquidity Facility Provider and each Hedge Provider
  • Modification with Consent of Holders, the Policy Provider and the Initial Liquidity Facility Provider
  • Modification with Consent of Holders, the Policy Provider, the Initial Primary Liquidity Facility Provider
  • Modification Without Consent of Holders or the Providers of Eligible Credit Facilities or the Policy Provider
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