GE Indemnity definition

GE Indemnity has the meaning set forth in Section 5.10(b).
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Examples of GE Indemnity in a sentence

  • Neither GE Capital nor Global shall have any indemnification obligations with respect to any such claim or demand which shall be settled by a GE Indemnity Party without the prior written consent of GE Capital (which consent may not be unreasonably withheld).

  • Landlord shall indemnify, defend, and hold harmless Tenant from any direct out of pocket cost or expense (excluding any lost profits or other indirect, special or consequential damages) incurred by Tenant as a result of GE's failure to comply with the Permit, to perform all Remediation Activities, and to comply with the GE Indemnity, to the same extent that Landlord is entitled to be indemnified by GE pursuant to the GE Indemnity, and subject to the same limitations set forth in the GE Indemnity.

  • The applicable GE Indemnity Party shall have the right to participate in the defense of any claim or demand with counsel employed by such GE Indemnity Party at the sole expense of GE Capital.

  • If as a result of GE's Remediation Activities Tenant is required to close its operations at the Premises for more than four (4) hours, Tenant may bring legal action against GE, and, if GE is thereby in default under the GE Indemnity, Landlord will take all commercially reasonable action to cooperate with Tenant in bringing such action, including joining such action as a party, if necessary.

  • GE has also agreed to indemnify Landlord with respect to Hazardous Substances introduced onto the Property by GE pursuant to a certain Indemnification Agreement between GE and Landlord dated April 25, 1996 (the "GE Indemnity"), a copy of which has been delivered to Tenant subject to the understanding that its terms and provisions be kept confidential.

  • Landlord covenants that if GE fails to comply with the Permit, or to complete all Remediation Activities, or to comply with the provisions of the GE Indemnity, Landlord will take all commercially reasonable action necessary to require GE to comply with the Permit, to complete all Remediation Activities, and to comply with the provisions of the GE Indemnity.

  • Notwithstanding anything in this Formation Agreement to the contrary, the applicable GE Indemnity Party shall cooperate with GE Capital and Global, and keep GE Capital fully informed in the defense of any such claim or demand.

Related to GE Indemnity

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit K.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Tax Indemnity means the deed of covenant against Taxation in the Agreed Terms to be entered into at Closing;

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among ▇▇▇▇▇ ▇, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.