Collateral Agent Indemnitees definition
Examples of Collateral Agent Indemnitees in a sentence
Each Secured Bank Product Provider shall indemnify and hold harmless Agent Indemnitees, Collateral Agent Indemnitees, and Documentation Agent Indemnitees to the extent not reimbursed by Obligors, against all Claims that may be incurred by or asserted against any Agent Indemnitee, Collateral Agent Indemnitee or Documentation Agent Indemnitees in connection with such provider’s Secured Bank Product Obligations.
In Collateral Agent’s discretion, it may reserve for any Claims made against an Agent Indemnitee, Collateral Agent Indemnitees, Documentation Agent Indemnitees or Issuing Bank Indemnitee, and may satisfy any judgment, order or settlement relating thereto, from proceeds of Collateral prior to making any distribution of Collateral proceeds to Secured Parties.
Each Buyer further acknowledges and agrees that the indemnification of the Collateral Agent Indemnitees will apply regardless of whether or not the Collateral Agent perfects its security interest in all Collateral.
None of the Collateral Agent Indemnitees shall be liable for any indirect, special, punitive or consequential damages in connection with this Agreement or any other Loan Document to which it is a party.