Indemnifying Member definition

Indemnifying Member has the meaning set forth in Section 15.1.

Indemnifying Member has the meaning specified in Section 4.8.

Indemnifying Member is defined in Section 11.3.

Examples of Indemnifying Member in a sentence

• If the Indemnifying Member elects not to assume (or fails to assume) the defense of such action, or at any time fails diligently to pursue such defense, the Indemnified Party shall be entitled to assume the defense of such action with counsel of its own choice, at the expense of the Indemnifying Member.

• If the Indemnifying Member elects to assume the defense of such action, the Indemnified Party shall have the right to employ separate counsel at its own expense and to participate in the defense thereof.

• In the case of any such action brought against an Indemnified Party for which the Indemnified Party has given written notice to the Indemnifying Member of the commencement thereof, the Indemnifying Member shall be entitled to participate therein and, to the extent that it may wish, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party.

• The failure to promptly notify the Indemnifying Member shall not relieve such Indemnifying Member of any liability that it may have to any Indemnified Party with respect to such action; provided that, to the extent that any such failure to provide prompt notice is responsible for an increase in the indemnity obligations of the Indemnifying Member, the Indemnifying Member shall not be responsible for any such increase.

• After receipt by an Indemnified Party under Section 11.1 of notice of the commencement of any action, or any other actual or potential Indemnity Claim, such Indemnified Party shall, if a claim in respect thereof is to be made against a Member (the “Indemnifying Member”), give written notice thereof to such Indemnifying Member.

More Definitions of Indemnifying Member

Indemnifying Member has the meaning set forth in Section 4.2(g).

Indemnifying Member has the meaning assigned to such term in Section 9.5.

Indemnifying Member. As defined in Section 14.1.

Indemnifying Member. See Section 4.4(b).

Indemnifying Member has the meaning set forth in Section 8.2(b).

Indemnifying Member. The Member that woes any amount or duty to any Indemnified Person pursuant to Article 10.

Indemnifying Member has the meaning set forth in Section 10.01(a).