Indemnifying Bank definition

Indemnifying Bank means a bank that provides an indemnity under Section 229.53 of Check 21 with respect to a Substitute Check.
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Indemnifying Bank means each financial institution that is designated as an "Indemnifying Bank" on Annex I hereto, and each financial institution which is designated, with the approval of the Fronting Bank and the Administrative Agent, as an "Indemnifying Bank" in an Assignment and Assumption Agreement.
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Indemnifying Bank means a bank that provides an indemnity under section 8 of this Act.
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Examples of Indemnifying Bank in a sentence

  • To the extent of any assignment pursuant to this Section 12.04(c), the assigning Indemnifying Bank shall be relieved of its Indemnity Participation.

  • In no event shall this Agreement be construed to require an Indemnifying Bank to fund or pay to the Fronting Bank such Indemnifying Bank's Indemnity Amount except upon the occurrence of a Triggering Event pursuant to Section 1.14(a).

  • If the Fronting Bank recovers any amounts for which the Fronting Bank has previously been reimbursed by an Indemnifying Bank hereunder, the Fronting Bank shall promptly distribute to such Indemnifying Bank such Indemnifying Bank's proportionate share thereof based on such Indemnifying Bank's Indemnity Amount.

  • Upon the occurrence of a Triggering Event, each Indemnifying Bank, upon one Business Day's notice from the Fronting Bank, shall deliver to the Fronting Bank by wire transfer in immediately available funds and in the relevant Approved Currency its proportionate share based on its Indemnity Amount of the aggregate unpaid principal amount of the Fronting Bank's B Revolving Loans.

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  • In no event shall this Agreement be construed to require an Indemnifying Bank to make any Loans or to otherwise extend any credit to either Borrower or to the Fronting Bank under this Agreement or under the other Loan Documents.

  • If any amounts returned by the Fronting Bank to a Borrower pursuant to this Section 1.14 are later recouped by the Fronting Bank, the Fronting Bank shall promptly pay to each Indemnifying Bank a proportionate amount based on such Indemnifying Bank's Indemnity Amount.

  • The excess, if any, of the interest payable to the Fronting Bank on the B Revolving Loans over the interest distributable to an Indemnifying Bank under this Section 1.14(b) in respect thereof, and the excess, if any, of the B RL Commitment Fees payable to the Fronting Bank over and in addition to the B RL Commitment Fees distributable to such Indemnifying Bank under this Section 1.14(b), shall be retained by the Fronting Bank.

  • At the time of each assignment pursuant to this Section 12.04(b) to a Person which is not already a Bank or an Indemnifying Bank hereunder and which is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) for Federal income tax purposes, the respective assignee Indemnifying Bank shall provide to the U.S. Borrower and the Administrative Agent the appropriate Internal Revenue Service Forms (and, if applicable a Section 4.04(b)(ii) Certificate) described in Section 4.04(b).

  • Each Borrower hereby designates the Administrative Agent to serve as its agent, solely for purposes of this Section 7.13, to maintain a register (the "Register") on which it will record the Commitments from time to time of each of the Banks, the Loans made by each of the Banks, each repayment in respect of the principal amount of the Loans of each Bank and the Indemnity Participation of each Indemnifying Bank.


More Definitions of Indemnifying Bank

Indemnifying Bank means - a bank that provides an indemnity under §229.53 with respect to a substitute check.
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Related to Indemnifying Bank

  • Indemnifying Person shall have the meaning set forth in Section 5(c) hereof.

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Indemnifying Parties has the meaning set forth in Section 6.08(b).

  • Indemnifying Persons means and includes the Seller Indemnifying Persons or the Purchaser Indemnifying Persons, as the case may be.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Indemnified Party shall have the meaning set forth in Section 5(c).

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

  • Indemnifier means any Party obligated to provide indemnification under this Agreement;

  • Indemnifying Party Information [(A)] All information in the Prospectus Supplement, the Offering Circular or any Free Writing Prospectus or any amendment or supplement thereto (i) contained under the headings "Summary--Relevant Parties--Responsible Party [and Servicer,"] "The Mortgage Loan Pool--Underwriting Guidelines" [and "The Servicer"] and (ii) regarding the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties (but in the case of this clause (ii), only to the extent any untrue statement or omission arose from or is based upon errors or omissions in the information concerning the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties, as applicable, provided to the Depositor or any affiliate by or on behalf of the Indemnifying Party) [and (B) static pool information regarding mortgage loans originated or acquired by the Seller [and included in the Prospectus Supplement, the Offering Circular, the ABS Informational and Computational Materials or the Free Writing Prospectus or any amendment or supplement thereto][incorporated by reference from the website located at ___________]].

  • Indemnitor has the meaning set forth in Section 12.3.

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Indemnification Claim has the meaning set forth in Section 8.4(a).

  • Indemnitee has the meaning assigned to such term in Section 9.03(b).

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • First party claimant means an individual, corporation, association, partnership, or other legal entity asserting a right to payment as a covered person under an insurance policy or insurance contract arising out of the occurrence of the contingency or loss covered by such a policy or contract.

  • D&O Indemnified Party has the meaning set forth in Section 5.8(a).

  • Purchaser Indemnitee As defined in Section 6(a) hereof.

  • Tax Indemnitee as defined in Section 3.01(5).

  • D&O Indemnified Parties shall have the meaning set forth in Section 6.6(a).

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Investor Indemnified Party is defined in Section 4.1.

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • indemnified representative means any and all directors and officers of the corporation and any other person designated as an indemnified representative by the board of directors of the corporation (which may, but need not, include any person serving at the request of the corporation, as a director, officer, employee, agent, fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other entity or enterprise);

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