Indemnity for U.S Clause Samples
The "Indemnity for U.S." clause requires one party to compensate the other for losses, damages, or liabilities arising from specific actions or events within the United States. Typically, this clause applies to legal claims, regulatory penalties, or third-party lawsuits that occur in the U.S., and may cover costs such as attorney fees or settlement amounts. Its core function is to allocate risk and financial responsibility for U.S.-based exposures, ensuring that the indemnified party is protected from certain legal or financial consequences related to their activities in the United States.
Indemnity for U.S. Government Obligations The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations.
Indemnity for U.S. Government obligations; Repayment. TLGI shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 8.01 or the principal, premium, if any, and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Securities of such series. Anything in Section 8.01 to the contrary notwithstanding, the Trustee shall deliver or pay to TLGI from time to time upon the request, in writing, by TLGI any money or U.S. Government Obligations held by it as provided in Section 8.01 above which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent legal defeasance or covenant defeasance.
Indemnity for U.S