Common use of Security or Indemnity in favor of the Collateral Trustee Clause in Contracts

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 45 contracts

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Valaris LTD), Collateral Trust Agreement

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Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability liability, loss, fee or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 4 contracts

Samples: Collateral Trust Agreement (Triumph Group Inc), Collateral Trust Agreement (Endo International PLC), Collateral Trust Agreement (Endo International PLC)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will shall not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 3 contracts

Samples: Collateral Trust Agreement (GenOn Energy, Inc.), Collateral Trust Agreement (NRG Energy, Inc.), Collateral Trust Agreement (Calpine Corp)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 3 contracts

Samples: Collateral Trust Agreement (Sandridge Energy Inc), Collateral Trust Agreement (Toys R Us Inc), Collateral Trust Agreement (Sunedison, Inc.)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder (or any omission to perform or exercise) unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take or omitting to take such action.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance advance, expend or expend risk any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless if it has been provided with shall have reasonable grounds to believe that repayment of such funds or security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such actionaction is not reasonably assured to it.

Appears in 2 contracts

Samples: Collateral Trust Agreement (CSI Compressco LP), Collateral Trust Agreement (CSI Compressco LP)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to take any action at the direction of any holders of Secured Obligations, to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Solo Cup CO), Collateral Trust Agreement (Stream Global Services, Inc.)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Viasystems Group Inc), Collateral Trust Agreement

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to take any action at the direction of any holders of Parity Lien Obligations, to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Collateral Trust Agreement (Goodman Networks Inc)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance advance, expend or expend risk any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless if it has been provided with shall have reasonable grounds to believe that repayment of such funds or security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such actionaction is not reasonably assured to it.

Appears in 1 contract

Samples: Collateral Trust and Intercreditor Agreement (Par Pacific Holdings, Inc.)

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Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to take any action (including any action at the direction of any Secured Parties), to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Intelsat S.A.)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to take any action at the direction of any holders of Secured Debt Obligations, to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Collateral Trust Agreement (Acco Brands Corp)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Intercreditor Agreement (Viasystems Inc)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder (including, without limitation, taking any actions under or in respect of control agreements) unless it has been provided with pre-funding, security or indemnity reasonably satisfactory to it (and, for the avoidance of doubt, from parties reasonably satisfactory to it) against any and all cost, loss, liability or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Canadian Collateral Trust Agreement (Primus Telecommunications Group Inc)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder (or any omission to perform or exercise) unless it has been provided with security or indemnity reasonably satisfactory to it against any and all loss, liability or expense which may be incurred by it by reason of taking or continuing to take or omitting to take such action.

Appears in 1 contract

Samples: Collateral Trust Agreement (Petroquest Energy Inc)

Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability liability, loss, fee or expense which may be incurred by it by reason of taking or continuing to take such action.

Appears in 1 contract

Samples: Collateral Trust Agreement (Geo Group Inc)

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