Issuer Indemnified Party definition

Issuer Indemnified Party has the meaning specified in Section 7.2 of this Agreement.

Issuer Indemnified Party. As defined in Section 8(b) hereof.

Issuer Indemnified Party has the meaning set forth in Section 10.

Examples of Issuer Indemnified Party in a sentence

• If the Issuer Indemnified Party elects ODB to assume the defense of such Action, ODB will have the exclusive right to settle the claim or proceeding, provided that ODB will not settle any such claim or Action without the prior written consent of the Issuer Indemnified Party, which consent shall not be unreasonably withheld.

• If the Issuer Indemnified Party assumes the defense (with payment of any related costs and expenses by ODB), the Issuer Indemnified Party will have the exclusive right to settle the claim or proceeding, provided that the Issuer Indemnified Party will not settle any claim or Action without the prior written consent of ODB, which consent shall not be unreasonably withheld, delayed or conditioned.

• Notwithstanding the preceding sentence, the Issuer Indemnified Party will be entitled to employ counsel separate from counsel for ODB and from any other party in such action if counsel for the Issuer Indemnified Party reasonably determines that it would be inappropriate or ill-advised for the same counsel to represent both parties.

• Each Issuer Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with the Issuer in the defense of any such action or claim.

• The Issuer shall not, without the prior written consent of any Issuer Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Issuer Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Issuer Indemnified Party, unless such settlement includes an unconditional release of such Issuer Indemnified Party from all liability on claims that are the subject matter of such proceeding or threatened proceeding.

More Definitions of Issuer Indemnified Party

Issuer Indemnified Party has the meaning set forth in Section 7(c) hereto.

Issuer Indemnified Party has the meaning specified in SECTION 5.2 of this Agreement.

Issuer Indemnified Party has the meaning set forth in Section 13.01(a).

Issuer Indemnified Party. This term shall have the meaning set forth in Section 10(b) hereof.

Issuer Indemnified Party or “Issuer Indemnified Parties” means the Issuer Indemnified Party or Issuer Indemnified Parties as defined in the Indenture.

Issuer Indemnified Party means one or more of the Issuer and the Sponsoring Entity and any of their respective officers, directors, councilpersons, commissioners, officials, consultants, agents, attorneys, servants and employees, and any successor to any of such Persons.

Issuer Indemnified Party or “Issuer Indemnified Parties” means, individually or collectively, as applicable, (i) the Issuer Sponsors, (ii) the Members, and (iii) each and all of the Issuer’s, the Issuer Sponsors’ and the Members’ respective past, present and future directors, board members, governing members, trustees, commissioners, elected or appointed officials, officers, employees, Authorized Signatories, attorneys, contractors, subcontractors, agents and advisers (including, without limitation, counsel and financial advisers), and each of their respective heirs, successors and assigns.