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.

• 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).

• When Manager receives Indemnification Proceeds, Manager shall retain for its own account, and shall not be required to deposit into the Owner Bank Account, Indemnification Proceeds to the extent Manager has not been reimbursed for the costs incurred by Manager to which such Indemnification Proceeds apply, and shall, within seven (7) days after receipt, deposit the balance of such Indemnification Proceeds into the Owner Bank Account.

• 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.

• Furthermore, notwithstanding anything to the contrary in this Agreement, Shareholder shall pay all such Indemnification Proceeds to the Parent Indemnitee promptly after receipt thereof in accordance with Section 11.6 herein, provided, however, that Shareholder shall pay any Indemnification Excess to the Parent Indemnitee promptly after receipt thereof in cash.

More Definitions of Indemnification Proceeds

Indemnification Proceeds means, for any accounting period, all proceeds due to Manager, on its own behalf, or as agent of Owner, from Lessees pursuant to the Leases, 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 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 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 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.

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.