Bailment Agreement definition
Examples of Bailment Agreement in a sentence
The Trustee shall not permit the release of the obligations of any bailee under any Bailment Agreement and shall at all times, to the extent permitted by law, cause to be defended, enforced, preserved and protected the rights and privileges of the Trustee under or with respect to each Bailment Agreement.
The terms and conditions of the Restricted Account and Security Agreement, the Collateral Bailment Agreement, and the Custodian Agreement are incorporated herein by reference.
MSP, CSP, FMP, MCAP, MSA, NTE and ISS customers should note that terms and conditions related to rental engine or APU specified in their maintenance agreements take precedence but do not modify the terms and conditions of the Bailment Agreement.
Such “additional insured” status shall be limited to instances where there is an indemnifiable claim pursuant to the terms of this Agreement or the Bailment Agreement.
The Trustee shall not consent or agree to or permit any amendment or modification of any Bailment Agreement which will in any manner materially adversely affect the rights or security of any Beneficiaries.