Indemnifying Partner definition

Indemnifying Partner has the meaning set forth in Section 6.7.
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Indemnifying Partner has the meaning set forth in Section 4.3(e).
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Indemnifying Partner has the meaning set forth in Section 7.6(a).
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Examples of Indemnifying Partner in a sentence

  • Any payment by the Partnership of Damages to which an indemnification obligation relates shall be charged as a distribution to the Indemnifying Partner and taken into account for purposes of current and future distributions made by the Partnership pursuant to Section 5.1. In addition, no item of Partnership property shall be revalued to reflect such indemnification payment.

  • Any damages to the Assets or business of the Indemnified Partner caused by a failure by the Indemnifying Partner to defend, compromise, or settle a claim or demand in a reasonable and expeditious manner requested by the Indemnified Partner, after the Indemnifying Partner has given Notice that it will assume control of the defense, compromise, or settlement of the matter, shall be included in the damages for which the Indemnifying Partner shall be obligated to indemnify the Indemnified Partner.

  • Without prejudice to the provisions of Subsection 2.4.1 above, the Indemnifying Partner shall have the right, but not the obligation, by notifying the Indemnified Partner within thirty (30) days after its receipt of the Notice of the claim or demand, to assume the entire control (subject to the right of the Indemnified Partner to participate at its own expense and with counsel of its own choice) of the defense, compromise, or settlement of a claim or demand.

  • Any payment by an Indemnifying Party to the Partnership, the Company, NSULC or any Indemnified Party made under this ARTICLE 10 will be treated as capital contributions to the Partnership or distributions from the Partnership for U.S. federal income tax purposes, provided that such payments will not affect the capital account of, any other contributions to be made by, or the distributions or allocations to be made to the Indemnifying Partner under the Partnership Agreement.

  • Any settlement or compromise of a matter by the Indemnifying Partner shall include a full release of claims against the Indemnified Party which have arisen out of the claim or demand for which indemnification is sought.


More Definitions of Indemnifying Partner

Indemnifying Partner has the meaning described in Subsection 2.4.1.
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Indemnifying Partner means each Partner undertaking the indemnity obligations described in Sections 15.1 and 15.
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Indemnifying Partner has the meaning set out in Section 15.4; "Indemnitee" has the meaning set out in Section 11.5(a);
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Indemnifying Partner means any partner who incurs liability as defined in Clause 27.1
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Indemnifying Partner shall have the meaning provided by Section 8.3D)
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Indemnifying Partner shall have the meaning provided in Section 19.2.1.
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Indemnifying Partner has the meaning set forth in Section 7.8(a).
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