Indemnified Parties definition

Indemnified Parties shall have the meaning assigned to such term in Section 7.2.

Indemnified Parties has the meaning set forth in Section 8.2.

Indemnified Parties has the meaning set forth in Section 6.8(a).

Examples of Indemnified Parties in a sentence

• The Indemnified Parties shall not confess any Claim or make any compromise in any case in which the Fund will be asked to provide indemnification, except with the Fund’s prior written consent.

• In such event, the Fund shall have the option to defend the Indemnified Parties against any Claim, and, in the event that the Fund so elects, such defense shall be conducted by counsel chosen by the Fund and approved by Administrator in its reasonable discretion.

• Unless required by Applicable Law, this Section 6.4 may not be amended, altered or repealed after the Effective Time in such a manner as to adversely affect the rights of any D&O Indemnified Parties or any of their heirs, successors, assigns or representatives without the prior written consent of such affected person.

• The Parties acknowledge and agree that the Indemnifying Party shall not, in respect of the legal expenses of any Indemnified Party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all such Indemnified Parties and that all such fees and expenses shall be reimbursed as they are incurred.

• If the Corporation undertakes, conducts and controls the settlement or defense of the Claim, the relevant Indemnified Parties shall have the right to participate in the settlement or defense of the Claim, at the expense of the relevant Indemnified Party to the extent additional counsel or other external advisors are retained by such Indemnified Party.

More Definitions of Indemnified Parties

Indemnified Parties shall have the meaning set forth in Section 12.01 hereof.

Indemnified Parties is defined in Section 10.4.

Indemnified Parties has the meaning stated in Section 4.6(a).

Indemnified Parties shall have the meaning assigned to such terms in Section 2(b).

Indemnified Parties shall have the meaning assigned to such term in Section 8.02 of the Trust Agreement.

Indemnified Parties means, collectively, (i) as and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the Servicing Agreement, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties in the Servicing Agreement in respect of other mortgage loans) and (ii) the Lead Securitization Trust.

Indemnified Parties means Her Majesty the Queen in right of Ontario, Her ministers, agents, appointees and employees.