Indemnification Fund definition

Indemnification Fund means the Fund by that name created and established by Section 4.1 hereof.
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Indemnification Fund has the meaning specified in Section 3.1(f)(i)(x).
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Indemnification Fund is defined in Section 5.6(b).
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Examples of Indemnification Fund in a sentence

  • However, $10 of each fee shall be credited to the Onsite Sewage Indemnification Fund established pursuant to § 32.1-164.1:01.

  • Debt securities of the Indemnification Fund are issued to meet indemnification and compensation payments under the Indemnification and Compensation Act (Entschädi- gungs- und Ausgleichsleistungsgesetz).

  • However, $10 of each fee shall be credited to the Onsite Sewage Indemnification Fund established pursuant to §32.1-164.1:01.

  • Fees shall be set on an actuarial basis in order to provide an amount sufficient to pay outstanding and anticipated claims against the Underground Storage Tank Indemnification Fund in a timely manner.

  • The sum transferred under this section shall be repaid 25 to the Underground Storage Tank Indemnification Fund after 26 June 30, 2018, and before July 1, 2029, plus interest.

  • Amounts in the Indemnification Fund shall be used only for the purposes specified in the preceding paragraph, and shall not be available for any other purpose, including, but not limited to, payment of Debt Service on or the purchase price of the Notes or Other Obligations.

  • There is hereby created a special fund in the State Treasury to be known as the Underground Storage Tank Indemnification Fund.

  • The sum transferred under this section shall be repaid14 to the Underground Storage Tank Indemnification Fund after15 June 30, 2004, and before July 1, 2029, plus interest.

  • The Note Fund shall be used only for the payment when due of principal of, premium, if any, and interest on the Class A Notes and the Class B Notes, the purchase price of the Class A Notes and the Class B Notes to be purchased on a Purchase Date or Mandatory Tender Date or otherwise in accordance with Section 10.7 hereof, Other Obligations and Carry-Over Amounts (including any accrued interest thereon) and to make transfers to the credit of the Indemnification Fund required by Section 4.5 hereof.

  • Transfer.7 The following apply:8 (1) Notwithstanding section 704 of the act of July 6,9 1989 (P.L.169, No.32), known as the Storage Tank and Spill10 Prevention Act, the Secretary of the Budget shall, by October11 15, 2002, transfer the sum of $100,000,000 from the12 Underground Storage Tank Indemnification Fund to the General13 Fund.


More Definitions of Indemnification Fund

Indemnification Fund means an amount equal to the Indemnity Cap.
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Indemnification Fund means, at any date, the sum of the Indemnification Escrow Deposit and all interest accrued thereon and any and all other proceeds from the investment thereof as of such date, less any and all disbursements made therefrom pursuant to the Indemnification Escrow Agreement as of such date.
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Indemnification Fund shall have the meaning ascribed to it in SECTION 2.5(C) hereof.
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Indemnification Fund shall have the meaning set forth in Section 13.4.
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Indemnification Fund shall have the meaning set forth in the Indemnification Fund Agreement.
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Related to Indemnification Fund

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.

  • 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.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Claim has the meaning set forth in Section 12.3.

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • Indemnity Escrow Agreement has the meaning set forth in Section 6.3(p).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Indemnified Person has the meaning set forth in Section 11.3.

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