Borrower Indemnity definition

Borrower Indemnity has the meaning set forth in Section 9.10.
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Borrower Indemnity means in relation to a Borrower the indemnity given by that Borrower to the Working Capital Bank pursuant to Clause 6.8 in respect of a Bank Guarantee;
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Borrower Indemnity means the indemnity agreement to be entered into by the Borrower, the Security SPV, the Owner Trust and CS, pursuant to which the Borrower will indemnify the Security SPV against any losses arising from claims made by the Finance Parties under the Security SPV Guarantee;
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Examples of Borrower Indemnity in a sentence

  • Each Borrower acknowledges that upon payment of any amounts by Ex-Im Bank under the Ex-Im Bank Guarantee in relation to any of its Loans, Ex-Im Bank shall be subrogated (by way of an assignment, by operation of law or otherwise) to all of the rights of the Lenders in relation to the relevant Loan or Loans under the Operative Documents (excluding, for the avoidance of doubt, the Borrower Indemnity Agreement) to the extent set forth in the Ex-Im Bank Guarantee and in this Agreement.

  • The Borrower Indemnity is independent of and in addition to (i) any rights of any party hereto in connection with any Loss, and (ii) any other agreement, and shall survive the execution, modification, and amendment of this Agreement and the other Financing Documents, the expiration, cancellation, or termination of the Commitment, the disbursement and repayment of the Loan, and the provisions of any other indemnity.

  • Section 16.1 Borrower Indemnity 122 Section 16.2 Waiver of Consequential Damages, Etc.

  • The Borrower Indemnity shall not apply to the extent that a court or arbitral tribunal with jurisdiction over the Loss and each Indemnified Person who has a Loss in connection therewith renders a final determination that the Loss resulted from (a) the gross negligence or willful misconduct of the Indemnified Person, or (b) OPIC’s failure to perform any act required of it relating to the Loan including under any Financing Document.

  • Norwest will provide such services so long as the total of the reserves does not exceed the Borrower Indemnity Amount (as defined in the Loan Documents).

  • Borrower Indemnity Regarding Filings 76 Section 9.1.5 Indemnification Procedure 77 Section 9.1.6 Contribution 77 Section 10.1. Notices 78 Section 10.2. Brokers and Financial Advisors 80 Section 10.3. Survival 80 Section 10.4. Preferences 80 Section 10.5. Waiver of Notice 80 Section 10.6. Offsets, Counterclaims and Defenses 80 Section 10.7. Publicity 81 Section 10.8. Rehabilitation of Documents 81 Section 10.9. No Third Party Beneficiaries 81 Section 10.10.

  • Section 16.1 Borrower Indemnity 121 Section 16.2 Reserved 122 Section 16.3 Contribution 122 Section 16.4 Net After-Tax Basis 122 ARTICLE XVII MISCELLANEOUS 122 Section 17.1 No Waiver; Remedies 122 Section 17.2 Amendments, Waivers 122 Section 17.3 Notices, Etc.

  • Borrower Indemnity Regarding Filings 68 Section 9.1.5 Indemnification Procedure 69 Section 9.1.6 Contribution 69 Section 10.1. Notices 70 Section 10.2. Brokers and Financial Advisors 71 Section 10.3. Survival 72 Section 10.4. Preferences 72 Section 10.5. Waiver of Notice 72 Section 10.6. Offsets, Counterclaims and Defenses 72 Section 10.7. Publicity 72 Section 10.8. Construction of Documents 73 Section 10.9. No Third Party Beneficiaries 73 Section 10.10.

  • The Security Trustee and/or the Facility Agent may require the Lessee to effect and to maintain (or procure) insurance after the end of the Term in respect of the Aircraft with respect to its liability under the indemnities under Section 10 of the Participation Agreement or under the Borrower Indemnity Agreement for such period as the Security Trustee or the Facility Agent, as the case may be, may require (but in any event not after the second anniversary of the end of such Term).

  • Section 15.6 Mutilated, Destroyed, Lost and Stolen Notes 123124 Section 15.7 Persons Deemed Owners 123124 Section 15.8 Cancellation 124124 Section 15.9 Participations; Pledge 124125 Section 15.10 Reallocation of Advances 125126 Article XVI INDEMNIFICATION 125126 Section 16.1 Borrower Indemnity 125126 Section 16.2 Contribution 126127 Section 16.3 After-Tax Basis 127128 Article XVII MISCELLANEOUS 127128 Section 17.1 No Waiver; Remedies 127128 Section 17.2 Amendments, Waivers 127128 Section 17.3 Notices, Etc.


More Definitions of Borrower Indemnity

Borrower Indemnity means the counter indemnity agreement entered into or to be entered into between the Borrower and the Debt Guarantor on or about the Signature Date, in terms of which, inter alia, the Borrower indemnifies the Debt Guarantor against all and any claims made against it and/or costs, damages and/or losses it may suffer pursuant to issuing the Debt Guarantee, all on the terms and subject to the conditions contained therein;
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Borrower Indemnity has the meaning set forth in Section 10.09 (Indemnity).
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Borrower Indemnity means, in relation to a Borrower, the indemnity given by that Borrower to the Issuing Bank and each Bank under Clause 4.12 (Bank Guarantee Request); and "Borrower Indemnities" shall be construed accordingly.
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Borrower Indemnity means, in relation to a Borrower, the indemnity given by that Borrower to the Issuing Bank and each Bank under Clause 4.14 (Counter indemnity from the Borrowers); and "BORROWER INDEMNITIES" shall be construed accordingly.
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Borrower Indemnity means that certain Indemnity Agreement of even date herewith executed by Borrower in favor or Bank,
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Related to Borrower Indemnity

  • Lender Indemnitees shall have the meaning set forth in Section 11.13(b).

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Letter of Credit Indemnified Costs has the meaning specified therefor in Section 2.11(f) of the Agreement.

  • Agent Indemnitees Agent and its officers, directors, employees, Affiliates, agents and attorneys.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Agent Indemnitee as defined in Section 9.7.

  • Holder Indemnified Parties has the meaning set forth in Section 7(a).

  • Holder Indemnified Persons means, with respect to each Holder, such Holder and its affiliates and directors, officers, partners, trustees, employees, agents, representatives and control persons entitled to indemnification by the Fund under Section 7.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.

  • Unasserted Contingent Obligations means, at any time, Obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no assertion of liability (whether oral or written) and no claim or demand for payment or indemnification (whether oral or written) has been made or threatened.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • Holder Indemnified Party is defined in Section 4.1.

  • Seller Indemnified Parties has the meaning set forth in Section 8.1.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement, substantially in the form of Exhibit D, among the Borrowers, the Subsidiary Guarantors and the Collateral Agent.

  • Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.