Common use of Noteholders’ Indemnity Clause in Contracts

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the standard of care required under this Indenture, to be indemnified by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 5 contracts

Samples: Indenture (Biocryst Pharmaceuticals Inc), Indenture (Supernus Pharmaceuticals Inc), Indenture (Indevus Pharmaceuticals Inc)

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Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the standard of care required under this Indenture, to be indemnified by the Noteholders of any class of Notes to its satisfaction before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 3 contracts

Samples: Indenture (Alexza Pharmaceuticals Inc.), Indenture (Alexza Pharmaceuticals Inc.), Indenture (Alexza Pharmaceuticals Inc.)

Noteholders’ Indemnity. The Indenture Trustee shall be entitled, subject to such Indenture Trustee’s duty during a Default default to act with the required standard of care required under this Indenturecare, to be indemnified by the Noteholders Holders of any class the applicable Series of the Equipment Notes before proceeding to exercise any right or power under this Master Indenture or any other Transaction Document the Management Agreement at the request or Direction direction of such NoteholdersHolders.

Appears in 3 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the required standard of care required under this Indenturecare, to be indemnified by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction direction of such NoteholdersHolders.

Appears in 2 contracts

Samples: NPS Pharmaceuticals Inc, NPS Pharmaceuticals Inc

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default or Event of Default to act with the standard of care required under this Indenture, to be indemnified to its satisfaction by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Deal Document at the request or Direction of such Noteholders.

Appears in 2 contracts

Samples: Indenture (Zealand Pharma a/S), Indenture (Zealand Pharma a/S)

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s 's duty during a Default to act with the required standard of care required under this Indenturecare, to be indemnified by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction direction of such NoteholdersHolders.

Appears in 1 contract

Samples: Indenture (Alkermes Inc)

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the standard of care required under this Indenture, to be indemnified to its satisfaction by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 1 contract

Samples: Indenture (Ironwood Pharmaceuticals Inc)

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Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the standard of care required under this Indenture, to be indemnified to its satisfaction by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 1 contract

Samples: Indenture (Ironwood Pharmaceuticals Inc)

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s 's duty during a Default to act with the required standard of care required under this Indenturecare, to be indemnified by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 1 contract

Samples: Indenture (Quintiles Transnational Corp)

Noteholders’ Indemnity. The Trustee shall be entitled, subject to such Trustee’s duty during a Default to act with the required standard of care required under this Indenturecare, to be indemnified by the Noteholders of any class of Notes before proceeding to exercise any right or power under this Indenture or any other Transaction Document at the request or Direction of such Noteholders.

Appears in 1 contract

Samples: Indenture (Encysive Pharmaceuticals Inc)

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