Nature of Indemnity. (a) The Deed Administrators’ right of indemnity conferred by this clause has priority over the Group Creditor Claims or Group Creditors generally. (b) The Deed Administrators are entitled to exercise their right of indemnity conferred by this clause whether or not they have paid or satisfied Admitted Group Claims.
Appears in 26 contracts
Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement
