Indemnity to the Security Trustee. (a) Each Obligor shall within ten Business Days of demand indemnify the Security Trustee (for its own account) and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:
(i) the taking, holding, protection or enforcement of the Transaction Security,
(ii) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law; and
(iii) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents.
(b) The Security Trustee may, in priority to any payment to the Secured Parties, indemnify itself out of the Charged Property in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this Clause 18.4 and shall have a lien on the Transaction Security and the proceeds of the enforcement of the Transaction Security for all monies payable to it.
Indemnity to the Security Trustee. (a) The Company shall promptly indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:
(i) the taking, holding, protection or enforcement of the Transaction Security;
(ii) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law; and
(iii) any default by the Company in the performance of any of the obligations expressed to be assumed by it in the Finance Documents. The Security Trustee may, in priority to any payment to the Finance Parties, indemnify itself out of the Charged Property in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this Clause 14.4 and shall have a lien on the Transaction Security and the proceeds of the enforcement of the Transaction Security for all moneys payable to it.
Indemnity to the Security Trustee. (a) Each Obligor shall, on demand, indemnify each Indemnitee against any cost, loss or liability incurred by any of them:
(i) in relation to or as a result of:
(A) any failure by the Borrower to comply with its obligations under Section 14 (Fees and Expenses);
(B) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorized;
(C) the taking, holding, protection or enforcement of the Loan Documents and the Collateral;
(D) the exercise of any of the rights, powers, discretions, authorities and remedies vested in that Indemnitee by the Loan Documents or by law;
(E) any default by any Transaction Obligor in the performance of any of the obligations expressed to be assumed by it in the Loan Documents;
(F) any action by any Transaction Obligor which vitiates, reduces the value of, or is otherwise prejudicial to, the Collateral; and
(G) instructing lawyers, accountants, tax advisers, surveyors or other professional advisers or experts as permitted under the Loan Documents;
(ii) acting as Facility Agent or Security Trustee under the Loan Documents or which otherwise relates to any of the Collateral or the performance of the terms of this Agreement or the other Loan Documents (otherwise, in each case, than by reason of the relevant Indemnitee’s gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction).
(b) The Security Trustee may, in priority to any payment to the Finance Parties, indemnify itself out of the Collateral in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this Section 16.37 (Indemnity to the Security Agent) and shall have a lien on the Collateral and the proceeds of the enforcement of the Collateral for all monies payable to it.
Indemnity to the Security Trustee. 16.4.1 The Borrower shall promptly indemnify the Security Trustee and any Receiver or Delegate against any reasonably incurred and documented cost, loss or liability reasonably incurred by it as a result of:
(a) the taking, holding, protection or enforcement of the Transaction Security;
(b) the exercise of any of the rights, powers, discretions and remedies vested in them by the Finance Documents or by law;
(c) any default by the Borrower in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; or
(d) which otherwise relate to any of the Transaction Security or the performance of the terms of this Agreement, (otherwise, in each case, than as a result of its gross negligence or wilful misconduct).
16.4.2 The Security Trustee may, in priority to any payment to the Secured Parties, indemnify itself out of the Charged Property in respect of, and pay and retain from the proceeds of enforcement of the Transaction Security, all sums necessary to give effect to the indemnity in this Clause 16.4.
Indemnity to the Security Trustee. (a) The Borrower shall (or shall procure that an Owner will) promptly indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability incurred by any of them:
(i) in relation to or as a result of:
(A) the taking, holding, protection or enforcement of the Finance Documents and a Security Interest;
(B) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law;
(C) any default by a Security Party or the Borrower in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; and
(D) any action by a Security Party or the Borrower which vitiates, reduces the value of, or is otherwise prejudicial to, a Security Interest,
(ii) which otherwise relates to any of the Security Property or the performance of the terms of this Agreement or the other Finance Documents.
(b) The Security Trustee and every Receiver and Delegate may, in priority to any payment to the Creditor Parties, indemnify itself out of the Charged Property in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this Clause 20.7 and shall have a lien on the Security Interest and the proceeds of the enforcement of the Security Interest for all monies payable to it.
Indemnity to the Security Trustee. 14.6.1 The Borrowers shall promptly indemnify the Security Trustee against any cost, loss or liability incurred by the Security Trustee as a result of:
14.6.1.1 the taking, holding, protection and/or enforcement of the Security created under the Security Documents;
14.6.1.2 the exercise of any of the rights, powers, discretions and/or remedies vested in the Security Trustee by the Finance Documents or by the law; and/or
14.6.1.3 any default by a Borrower and/or any Shareholders in the performance of any of the obligations expressed to be assumed by it in the Finance Documents.
14.6.2 The Security Trustee may, in priority to any payment to the other Finance Parties, indemnify itself out of the Charged Assets in respect of, and pay and retain, all sums necessary to give effect to the indemnity in Clause 14.6.1 above.
Indemnity to the Security Trustee. 14.4.1 Without duplication of any expense reimbursement obligations contained elsewhere in this Agreement or the other Finance Documents, each Obligor shall, within five Business Days of demand, indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability incurred by any of them (and invoiced in reasonable detail) as a result of:
(a) the taking, holding, protection or enforcement of the Transaction Security;
(b) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law; and
(c) any default by any Obligor or any other member of the Group that is party to a Finance Document in the performance of any of the obligations expressed to be assumed by it in the Finance Documents.
14.4.2 The Security Trustee may, in priority to any payment to the Secured Parties, indemnify itself out of the Charged Property in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this Clause 14.4 and shall have a lien on the Transaction Security and the proceeds of the enforcement of the Transaction Security for all moneys payable to it.
Indemnity to the Security Trustee. (a) Each Obligor shall, within three Business Days of a written demand, indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:
(i) the taking, holding, protection or enforcement of the Transaction Security;
(ii) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law; and
(iii) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents.
Indemnity to the Security Trustee. The Borrower shall, within five (5) Business Days of demand, indemnify the Security Trustee and every receiver and delegate against any cost, loss or liability incurred by any of them (acting reasonably) as a result of:
(a) the taking, holding, protection or enforcement of the Security created or expressed to be created by or pursuant to the Security Documents;
(b) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each receiver and delegate by the Finance Documents or by law; and
Indemnity to the Security Trustee. (a) Each Obligor shall promptly indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:
(i) any failure by the Parent to comply with its obligations under Clause 18 (Costs and Expenses);
(ii) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised;
(iii) the taking, holding, protection or enforcement of the Transaction Security,
(iv) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee and each Receiver and Delegate by the Finance Documents or by law;
