Indemnity by Beneficiaries Sample Clauses

Indemnity by Beneficiaries. Prior to the Changeover Date each Lender shall reimburse the Security Agent (rateably in accordance with such Lender's Commitment) and on or after the Changeover Date each High Yield Hedging Bank shall reimburse the Security Agent (rateably in accordance with the proportion that its High Yield Hedging Exposure, bears to the aggregate of the Total High Yield Hedging Exposure) in either case to the extent that the Security Agent is not reimbursed by the Charging Entities in respect of all liabilities, damages, costs, claims, charges or expenses referred to in Clause 7.3 (Indemnity from Security Agent Security Documents).
Sample 1
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Indemnity by Beneficiaries. Prior to the Changeover Date each Lender shall reimburse the Security Agent (rateably in accordance with such Lender’s Commitment) and on or after the Changeover Date, each Senior Hedging Bank and each High Yield Hedging Bank shall reimburse the Security Agent (rateably in accordance with the proportion that its Senior Hedging Exposure or, as the case may be, High Yield Hedging Exposure, bears to the aggregate of the Total Senior Hedging Exposure and the Total High Yield Hedging Exposure) in either case to the extent that the Security Agent is not reimbursed by the Charging Entities in respect of all liabilities, damages, costs, claims, charges or expenses referred to in Clause 7.3 (Indemnity from Security Agent Security Documents).
Sample 1
Indemnity by Beneficiaries. (a) Subject to clause 8.3, if there are insufficient moneys available for the Security Trustee to promptly satisfy its right to indemnity under clause 8.1, each Beneficiary severally in its Proportionate Exposure: (i) indemnifies the Security Trustee against that amount; and (ii) must pay to the Security Trustee an amount equal to its share within 3 Business Days after demand from the Security Trustee. (b) The indemnity in clause 8.2(a) is in addition to, and without prejudice to, any right of indemnity available to the Security Trustee in law or equity or in any other Security Trustee Document.
Sample 1

Related to Indemnity by Beneficiaries

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Benefit of the Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • Party Beneficiaries This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns, and nothing herein is to be construed to give any person or entity, other than the parties hereto and their respective successors and permitted assigns, any legal or equitable rights hereunder.

  • Xx Third Party Beneficiaries The terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person.

  • Benefit of Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns. The Owner Trustee and the Indenture Trustee, for the benefit of the Noteholders, will be third-party beneficiaries of this Agreement and may enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • 8No Third-Party Beneficiaries This Agreement will not be construed to create any obligation by either ICANN or Registry Operator to any non-party to this Agreement, including any registrar or registered name holder.

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Successors; No Third-Party Beneficiaries Subject to the terms of Article 13, the terms of this Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their successors and assigns. Nothing in this Agreement, whether express or implied, shall be construed to give any person or entity (other than the parties hereto and their respective successors and assigns and, in the case of

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

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