Developer Indemnified Parties definition

Developer Indemnified Parties shall have the meanings set forth in Section 12.1 of this Agreement.

Developer Indemnified Parties means the Developer, Captec, any officer, director, employee or other agent of the Developer or Captec, any direct or indirect holder of equity in the Developer or Captec, any entity controlling, controlled by or under common control with the Developer or Captec, each of the officers, directors and employees of any of the preceding persons or entities, and any other person who serves at the request of any of the preceding persons or entities as an officer, director, trustee, manager or agent of an entity in which the Venture has an interest as an owner, security holder, creditor or otherwise.

Developer Indemnified Parties means Developer and its attorneys, affiliates, subsidiaries, partners, directors, managers, officers, agents, employees, mortgagees, successors and assigns, and their respective partners, directors, managers, officers, agents and employees.

Examples of Developer Indemnified Parties in a sentence

• Notwithstanding anything to the contrary herein, nothing in this section shall be interpreted to require the City to defend, indemnify, and hold harmless any of the Developer Indemnified Parties for any reason whatsoever.

• Failure to give prompt notice to Authority shall not relieve the Authority of any liability to indemnify the Developer Indemnified Parties, unless such failure to give prompt notice materially impairs Authority’s ability to defend.

• In any situation in which the Developer Indemnified Parties are entitled to receive and desire defense and/or indemnification by the Authority for a Team Indemnified Claim, the Developer Indemnified Parties shall give prompt notice of such Authority Indemnified Claim to Authority.

• All of the Developer Indemnified Parties shall have the right to employ separate counsel in any action arising out of any Developer Indemnified Claim and to participate in the defense thereof, but the fees and expenses of such separate counsel shall be at the expense of the indemnified party unless the employment of such counsel is specifically authorized by the Authority, which authorization shall not be unreasonably withheld or delayed.

• Upon receipt of such notice, the Authority shall resist and defend any action or proceeding arising out of any Developer Indemnified Claim on behalf of the Developer Indemnified Parties, including the employment of counsel reasonably acceptable to the Developer Indemnified Parties, the payment of all expenses and the right to negotiate and consent to settlement of any Team Indemnified Claim.

• The Authority shall not be liable for any settlement of any such action effected without its consent, but if settled with the consent of Authority or if there is a final judgment against Authority or any Developer Indemnified Party in any such action, Authority agrees to defend, indemnify and hold harmless the Developer Indemnified Parties from and against any loss or liability by reason of such settlement or judgment of a Team Indemnified Claim.

• This Agreement is intended for the benefit of Developer and the City, and except as otherwise provided with respect to the City Related Parties and Developer Indemnified Parties, no other person or entity shall be entitled to rely on this Agreement, receive any benefit from it or enforce any provisions of it against Developer or the City.

• Our Aerospace & Defense segment operates facilities in the United States (Corona, CA; Hauppauge, NY); Uxbridge, UK; Le Plessis Trévise and Chemillé, France; and Tangier, Morocco.

• The indemnifying party shall not, except with the written consent of the indemnified party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the person asserting such claim of an unconditional release from all liability with respect to such claim to all indemnified parties (i.e., the Company Indemnified Parties or Developer Indemnified Parties, as the case may be).

• In the event any suit, action, investigation, claim or proceeding (collectively, an “Action”) is begun or made as a result of which the Developer, City, and/or Developer may become obligated to one or more of the City Indemnified Parties or Developer Indemnified Parties hereunder, any one of the City Indemnified Parties or Developer Indemnified Parties shall give prompt notice to the Developer, Developer or City, as applicable, of the occurrence of such event.

More Definitions of Developer Indemnified Parties

Developer Indemnified Parties shall have the meaning set forth in Section 8.2 hereof.