Indemnitor Partners definition

Indemnitor Partners means those Partners who are allocated the economic risk of loss as to a portion of the Partnership’s Recourse Liabilities through an Indemnity Agreement.
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Examples of Indemnitor Partners in a sentence

  • The General Partners on behalf of the Partnership shall use commercially reasonable efforts to cause any lender of Partnership indebtedness that is the subject of the Guarantee to acknowledge and accept such Guarantee, and such Indemnitor Partner's obligation thereunder and to cause the Partnership to acknowledge and accept the indemnification obligation of such Indemnitor Partner contained in any such Guarantee.

  • In the event that the sum of the Minimum Debt Amounts of the Indemnitor Partners other than Berkshire and BGP who request a Guarantee of indebtedness exceeds the Aggregate Minimum Debt Amount of such Partners or the amount of available debt, each such Indemnitor Partner shall be entitled to a Guarantee of indebtedness pro rata based upon the respective Minimum Debt Amounts of such Indemnitor Partners then requesting Guarantees as of the date first written above.

  • In the event that the sum of the Minimum Debt Amounts of the Indemnitor Partners other than Berkshire and BGP who request a Guarantee of indebtedness exceeds the Aggregate Minimum Debt Amount of such Partners or the amount of available debt, each such Indemnitor Partner shall be entitled to a Guarantee of indebtedness PRO RATA based upon the respective Minimum Debt Amounts of such Indemnitor Partners then requesting Guarantees as of the date first written above.