LIABILITY OF ILLINOIS POWER; INDEMNITIES Sample Clauses

LIABILITY OF ILLINOIS POWER; INDEMNITIES. (a) Illinois Power shall indemnify the Grantee, the Note Issuer, the Indenture Trustee and the Delaware Trustee and each of their respective officers, directors, employees and agents for, and defend and hold harmless each such Person from and against, any and all taxes (i) that may at any time be imposed on or asserted against any such Person as a result of the grant of the 1998 Transition Property to the Grantee, or (ii) that may be imposed on or asserted against any such Person under existing law as of the Series Issuance Date as a result of the Grantee's ownership and assignment of the 1998 Transition Property, the Note Issuer's issuance and sale of the Notes, or the other transactions contemplated herein, including, in each case, any sales, gross receipt, general corporation, tangible personal property, privilege or license taxes (but excluding any taxes imposed as a result of a failure of such Person to properly withhold or remit taxes imposed with respect to payments on any Notes).
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LIABILITY OF ILLINOIS POWER; INDEMNITIES. (a) Illinois Power shall indemnify the Grantee, the Note Issuer, the Indenture Trustee, the Delaware Trustee and the Holders, and each of their respective officers, directors, employees and agents for, and defend and hold harmless each such Person from and against, any and all taxes (other than any taxes imposed on the Holders) (i) that may at any time be imposed on or asserted against any such Person as a result of the grant of the 1998 Transition Property to the Grantee, or (ii) that may be imposed on or asserted against any such Person under existing law as of the Closing Date as a result of the Grantee's ownership and assignment of the 1998 Transition Property, the Note Issuer's issuance and sale of the Notes, or the other transactions contemplated herein, including, in 18 each case, any sales, gross receipt, general corporation, tangible personal property, privilege or license taxes, but excluding any taxes imposed as a result of a failure of such person to properly withhold or remit taxes imposed with respect to payments on any Notes.
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Related to LIABILITY OF ILLINOIS POWER; INDEMNITIES

  • LIABILITY OF THE SELLER; INDEMNITIES The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under these Master Sale Terms and each related Sale Agreement.

  • Liability of Seller; Indemnities The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement.

  • Liability of Servicer; Indemnities (a) The Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Servicer and the representations made by the Servicer.

  • Liability of Servicer; Indemnification (a) The Servicer shall not be relieved of its obligations under this Agreement notwithstanding any Sub-Servicing Agreement or any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer and the Servicer shall be obligated to the same extent and under the same terms and conditions as if it alone were servicing and administering the Home Equity Loans. The Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Servicer by such Sub-Servicer and nothing contained in such Sub-Servicing Agreement shall be deemed to limit or modify this Agreement.

  • Liability of Depositor; Indemnities (a) The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Depositor under this Agreement.

  • Liability of Indemnitees (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership, the Limited Partners, or any other Persons who have acquired interests in the Partnership Interests, for losses sustained or liabilities incurred as a result of any act or omission of an Indemnitee unless there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the matter in question, the Indemnitee acted in bad faith or engaged in fraud, willful misconduct or, in the case of a criminal matter, acted with knowledge that the Indemnitee’s conduct was criminal.

  • Liability of Administrator; Indemnities (a) The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement.

  • ADVISOR’S LIABILITIES AND INDEMNIFICATION (a) The Advisor shall have responsibility for the accuracy and completeness (and liability for the lack thereof) of the statements in the Fund’s offering materials (including the prospectus, the statement of additional information, advertising and sales materials), except for information supplied by the administrator or the Trust or another third party for inclusion therein.

  • Liability of the Company The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein.

  • Liability of DFAL Except as provided by the next sentence, DFAL shall not be liable for any error of judgment or of law or for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except loss resulting from willful misfeasance, bad faith or gross negligence on the part of DFAL in the performance of its obligations and duties or by reason of its reckless disregard of its obligations and duties under this Agreement. The foregoing sentence does not apply to any liability which DFAL may have arising out of the execution by it or any of its employees, officers or agents of portfolio transactions for the Fund.

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