Issuer Indemnified Person definition

Issuer Indemnified Person has the meaning stated in Section 4.05(a).

Issuer Indemnified Person mean each of the following Persons: (a) either Issuer; (b) any Affiliate of either Issuer; (c) any partner, director, officer, member, stockholder, employee, advisor or other representative of either Issuer or its Affiliates; (d) each Person, if any, who controls either Issuer within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and (e) each successor of the foregoing Persons.

Issuer Indemnified Person is defined in Section 13.02(b). -------------------------

Examples of Issuer Indemnified Person in a sentence

• The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Debenture Issuer Indemnified Person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Trust, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

• All rights to indemnification under this Section 9.4(a) shall be deemed to be provided by a contract between the Debenture Issuer and each Debenture Issuer Indemnified Person who serves in such capacity at any time while this Section 9.4(a) is in effect.

• All rights to indemnification under this Section 9.4 shall be deemed to be provided by a contract between the Debenture Issuer and each Debenture Issuer Indemnified Person who serves in such capacity at any time while this Section 9.4 is in effect.

• All rights to indemnification under this Section 9.4 shall be deemed to be provided by a contract between the ICON Issuer and each ICON Issuer Indemnified Person who serves in such capacity at any time while this Section 9.4 is in effect.

• The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the ICON Issuer Indemnified Person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Trust, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

• All rights to indemnification under this Section 9.4(a) (a) shall be deemed to be provided by a contract between the Debenture Issuer and each Debenture Issuer Indemnified Person who serves in such capacity at any time while this Section 9.4(a) is in effect.

• Promptly on receipt by an Issuer Indemnified Person or an ARR Indemnified Person (each, an “Indemnified Person”) of notice of a proceeding against it, the Indemnified Person will, if a claim is to be made under Section 4.05 or 4.06(a), as applicable, notify the Asset Representations Reviewer or the Servicer, as applicable (each, an “Indemnifying Person”) of the proceeding.

• The Placement Agent will not, however, be responsible for any Claims which are found in a final judgment (not subject to further appeal) to have resulted directly and primarily from the gross negligence or willful misconduct of the Fund, the Advisor, or any Issuer Indemnified Person.

• The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that the Debenture Issuer Indemnified Person did not act in good faith and in a manner that he or she reasonably believed to be in or not opposed to the best interests of the Trust and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

• All rights to indemnification under this Section 9.4(a) shall be deemed to be provided by a contract between the Junior Subordinated Note Issuer and each Junior Subordinated Notes Issuer Indemnified Person who serves in such capacity at any time while this Section 9.4(a) is in effect.

More Definitions of Issuer Indemnified Person

Issuer Indemnified Person is defined in Section 13.02(b).