Indemnified Party or Indemnified Parties definition

Indemnified Party or Indemnified Parties. As defined in Section 12.1 of this Agreement.

Indemnified Party or Indemnified Parties means Authority, its successors and assigns, and each of the Authority’s Board of Directors members, officers, officials, employees, agents, contractors, subcontractors, and volunteers.

Indemnified Party or Indemnified Parties means the Authority, its successors and assigns, and each of its Board of Directors members, officers, officials, employees, agents, contractors, subcontractors, and volunteers.

Examples of Indemnified Party or Indemnified Parties in a sentence

• In such instances, the Indemnifying Party shall only be required to pay the fees and expenses of one additional attorney to represent an Indemnified Party or Indemnified Parties having such differing or additional legal defenses.

• In such instances, the Indemnifying Party shall only be required to pay the fees and expenses of one additional attorney to represent an Indemnified Party or Indemnified Parties having such differing or additional legal defenses.The Indemnified Party shall be entitled, at its expense, to participate in any such action, suit or proceeding, the defense of which has been assumed by the Indemnifying Party.

• The Indemnified Parties as a group may retain only one law firm with respect to each related matter except to the extent there is, in the opinion of counsel to an Indemnified Party, under applicable standards of professional conduct, a conflict on any significant issue between positions of such Indemnified Party and any other Indemnified Party or Indemnified Parties.

• The Parties acknowledge that if either Party agrees to pay a third party any fees or amounts pursuant to a contract and such contract is not the result of a settlement made pursuant to this Paragraph 1.10.4, then the Indemnifying Party is not obligated to indemnify the Indemnified Party or Indemnified Parties, as applicable, for such fees or amounts.

• In the event that the Company exercises the right to undertake any such defense against any such Third-Party Claim as provided above, the Indemnified Party or Indemnified Parties shall cooperate with the Company in such defense and make available to the Company, at the Company’s expense, all witnesses, pertinent records, materials and information in the Indemnified Party’s possession or under the Indemnified Party’s control relating thereto as is reasonably required by the Company.

• Similarly, in the event any Indemnified Party is, directly or indirectly, conducting the defense against any such Third-Party Claim, the Company shall cooperate with the Indemnified Party or Indemnified Parties in such defense and make available to any Indemnified Party, at the Company’s expense, all such witnesses, records, materials and information in the Company’s possession or under the Company’s control relating thereto as is reasonably required by any Indemnified Party.

• The Indemnified Parties as a group may retain only one law firm with respect to each related matter except to the extent there is, in the written opinion of counsel to an Indemnified Party, under applicable standards of professional conduct, a conflict on any significant issue between positions of such Indemnified Party and any other Indemnified Party or Indemnified Parties.

• The Indemnified Parties as a group may not retain more than one law firm to represent them with respect to each matter, except to the extent that under applicable standards of professional conduct such counsel would have a conflict representing such Indemnified Party or Indemnified Parties.

• The Indemnified Parties as a group may retain only one law firm with respect to each related matter except to the extent that there is, in the opinion of counsel to an Indemnified Party, under applicable standards of professional conduct, a conflict on any significant issue between positions of such Indemnified Party and any other Indemnified Party or Indemnified Parties.

• In the event the Indemnified Party or Indemnified Parties retain separate counsel pursuant to the preceding sentence, the Surviving Corporation shall nonetheless be entitled to sole control of the defense and settlement of such Claim, so long as, in the case of settlement, such settlement involves only the payment of monies and includes a complete release in favor of the Indemnified Party or Indemnified Parties.

More Definitions of Indemnified Party or Indemnified Parties

Indemnified Party or Indemnified Parties. As defined in Section 12.1 of this Agreement. Indemnified Taxes: (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of Seller under any Principal Agreement and (b) to the extent not otherwise described in (a), Other Taxes.

Indemnified Party or Indemnified Parties shall include any or all of the Indemnitee and MHR Fund Management LLC, a Delaware limited liability company (“MHR Fund Management”), and each of their respective affiliates and advised funds, and each of their respective officers, directors, stockholders, investors, members, partners, managers, agents, representatives, advisors, attorneys, accountants, employees, any affiliate of the foregoing and each of their respective successors and permitted assigns of any such persons or entities and each person or entity who controls any of the foregoing.

Indemnified Party or Indemnified Parties means the Board and their employees, elected representatives, advisors and agents prior to, during, and after this Term.