Examples of Fee and Indemnity Agreement in a sentence
Pursuantto a Guarantee Fee and Indemnity Agreement between Tradesmen, TEI, and the Fulcrum Entities dated July 6, 2020 (the “ Guarantee Indemnity”) and a Promissory Note dated August 13, 2020 (the “Note”), the Fulcrum Entities provided an interim shareholder loan to TELP in the amount of $1,500,000.
In addition to being one of Tradesmen’s shareholders, Fulcrum is also the General Partner of three partnerships (the “ Fulcrum Entities”), which collectively guaranteed a portion of Tradesmen’s obligations to BMO, and further, are Tradesmen’s second lien creditor pursuant to a Guarantee Fee and Indemnity Agreement, Promissory Note and a Security Agreement, all dated July 6, 2020.
The Bond Issuer acknowledges and agrees that under the Certificate Indenture the Certificate Trustee shall pay the fees and expenses of, and shall indemnify and hold harmless the Bond Trustee and the Delaware Trustee, to the extent that payments required to be made by the Bond Issuer to the Bond Trustee under this Section 6.07 or to the Delaware Trustee under the Fee and Indemnity Agreement, as the case may be, are not made by the Bond Issuer when due.
Any fees or expenses associated with such filing payable to the Delaware Trustee shall be paid from amounts payable by the Bond Issuers under the Fee and Indemnity Agreement.
Except as otherwise expressly provided herein, the Bond Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Bond Trustee, the Certificate Trustee or the Delaware Trustee pursuant to this Bond Indenture, the Certificate Indenture and the Fee and Indemnity Agreement.