Indemnification Proceeds definition

Indemnification Proceeds means, for any accounting period, all proceeds received by the Manager from Lessees pursuant to the Leases, insurance or other sources, including amounts received from the insurance specified in Sections 10.1 and 10.2, for indemnification of liability and loss with respect to the Owner Containers during such accounting period, but excluding Casualty Proceeds and Miscellaneous Owner Proceeds.

Indemnification Proceeds means, for any accounting period, all proceeds due to either Manager or TUS, on its own behalf, or to Owner, from Lessees or TUS Sublessees pursuant to the Leases or TUS Subleases, insurance or other sources, including proceeds from the insurance specified in Sections 9.1 and 9.2, as payment for indemnification of Manager and/or Owner against liability and loss (other than a Casualty Loss to the extent that Casualty Proceeds compensate Owner for such Casualty Loss) with respect to the Managed Containers.

Indemnification Proceeds. For any accounting period, all proceeds received by the Manager from Lessees pursuant to the Leases, insurance or other sources, including amounts received from the insurance specified in the Management Agreement, for indemnification of liability and loss with respect to the Containers, excluding Casualty Proceeds, Sales Proceeds and Miscellaneous Issuer Proceeds (in each case allocable to the Containers as set forth in the Intercreditor Agreement).

Examples of Indemnification Proceeds in a sentence

• The sum of amounts received by the Manager (i) from the manufacturers or sellers of Containers for breach of sale warranties relating thereto, and (ii) in payment or settlement of any claims, losses, disputes or Proceedings relating to the Containers, including insurance proceeds from the insurance specified in the Management Agreement for damage to the Containers; provided, however, Miscellaneous Borrower Proceeds shall not include Net Cash Sales Proceeds, Casualty Proceeds or Indemnification Proceeds.

• For purposes of clarification, in no circumstance shall Section 11.4.1 (Basket) or Section 11.4.2 (Cap) be applicable to any Indemnification Proceeds received by Shareholder.

• All amounts recovered pursuant to such indemnification right (net of any Taxes and any actual out-of-pocket fees and expenses of Shareholder in connection with Shareholder seeking such Indemnification Proceeds) (the “Indemnification Proceeds”) which exceed the Cap set forth in Section 11.4.2 (the “Indemnification Excess”) shall increase the Cap in order to provide the Parent Indemnitee the full benefit of such Indemnification Proceeds.

• For any period, all amounts due in connection with the ownership, use and/or operation of Containers subject to a Finance Lease, including, but not limited to, rental, handling, location revenue and other rental-related charges arising from the leasing of such Containers, but excluding Miscellaneous Issuer Proceeds, Casualty Proceeds, Sales Proceeds and Indemnification Proceeds.

• Parent shall indemnify Shareholder for any Losses of Shareholder arising out of the exercise of such indemnification rights under the June Stock Purchase Agreement (including the actual out-of-pocket fees and expenses incurred by it in connection with Shareholder seeking such Indemnification Proceeds).

More Definitions of Indemnification Proceeds

Indemnification Proceeds means, for any accounting period, all proceeds received by the Manager on a cash basis, on its own behalf or as agent of Owner (or the relevant Capital Companies), from Lessees pursuant to the Leases, insurance or other sources, including amounts received on a cash basis from the insurance specified in Clauses 9.1 and 9.2, as payment for indemnification of Manager and/or Owner (or the relevant Capital Companies) against liability and loss (other than a Casualty Loss to the extent that Casualty Proceeds compensate Owner (or the relevant Capital Companies) for such Casualty Loss) with respect to the Owner Containers.

Indemnification Proceeds. For any accounting period, all proceeds due to the Manager or the Sub-Manager, on its own behalf or as agent of the Borrower, from Lessees pursuant to the Leases, insurance or other sources, for indemnification of liability and loss with respect to the Borrower’s Fleet, excluding Casualty Proceeds, Sales Proceeds and Miscellaneous Owner Proceeds.

Indemnification Proceeds means, for any accounting period, all proceeds received by Manager from Lessees pursuant to the Leases, insurance or other sources, including amounts received from the insurance specified in Sections 9.1 and 9.2, for indemnification of liability and loss with respect to the Owner Compressors.

Indemnification Proceeds means, for any accounting period, all proceeds due to Manager, on its own behalf or as agent of XTRA International, from Lessees pursuant to the Leases, insurance or other sources, including proceeds from the insurance specified in Clauses 10.1 and 10.2, for indemnification of liability and loss with respect to the XTRA International Fleet, excluding Casualty Proceeds, Sales Proceeds and Miscellaneous XTRA International Proceeds.

Indemnification Proceeds means any proceeds received by any Loan Party under any Rig Construction Contract pursuant to any indemnity or warranty thereunder, including, without limitation, any payments made by the Shipyard as liquidated damages in connection with any delay in the delivery of any Rig beyond the contracted for delivery date.

Indemnification Proceeds the gross proceeds payable to Borrower resulting from the assertion of a claim by Borrower arising from a breach or default by another party under the Xxxx Atlantic Acquisition Instruments, the Paging Partners Merger Instruments or any Subsequent Acquisition Instruments, less all reasonable, customary and documented costs and expenses of the assertion and prosecution of such claim, including, without limitation, the expenses and reasonable fees of counsel retained by Borrower. Initial Loan Instruments:

Indemnification Proceeds shall have the meaning given that term in Section 6.16.