Common use of Indemnity for Lessor's Liens Clause in Contracts

Indemnity for Lessor's Liens. Trust Company, in its individual ---------------------------- capacity, agrees to indemnify and hold harmless the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder and the Owner Trustee from and against any loss, cost, expense or damage which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder or the Owner Trustee as a result of the failure of Trust Company to discharge and satisfy any Lessor's Liens attributable to it in its individual capacity, as described in Section 5.03(b).

Appears in 2 contracts

Samples: Participation Agreement (Midway Airlines Corp), Participation Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

Indemnity for Lessor's Liens. Trust Company, in its ---------------------------- individual ---------------------------- capacity, agrees to indemnify and hold harmless the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder Participant and the Pass-Through Trustee and the Owner Trustee from and against any loss, cost, expense or damage which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder the Pass- Through Trustee or the Owner Trustee as a result of the failure of Trust Company to discharge and satisfy any Lessor's Liens attributable to it in its individual capacity, as described in Section 5.03(b).

Appears in 2 contracts

Samples: Note Purchase Agreement (Midway Airlines Corp), Participation Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

Indemnity for Lessor's Liens. Trust Company, in its individual ---------------------------- capacity, agrees to indemnify and hold harmless the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder Participant and the Pass-Through Trustee and the Owner Trustee from and against any loss, cost, expense or damage which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, each Noteholder the Pass-Through Trustee or the Owner Trustee as a result of the failure of Trust Company to discharge and satisfy any Lessor's Liens attributable to it in its individual capacity, as described in Section 5.03(b)) hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Midway Airlines Corp), Participation Agreement (Midway Airlines Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.