Examples of Lender Indemnified Parties in a sentence
To the extent that the undertaking to indemnify, defend and hold harmless set forth in the preceding sentence may be unenforceable because it violates any law or public policy, Borrower shall pay the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by the Lender Indemnified Parties.
Except as otherwise provided in this Section 19(a), the obligations of CSO to defend, indemnify and hold Lender Indemnified Parties harmless under this Section 19(a) shall extend without limitation to the actual or alleged omissions, negligence, gross negligence, and intentional acts of Lender, including Lender’s sole or concurrent negligence.
The Lender Indemnified Parties and the CSO Indemnified Parties sometimes are referred to herein as the "Indemnified Parties" or individually as an "Indemnified Party," and "Indemnifying Party" may refer to CSO or Lender, in their capacities as indemnitors hereunder.
FINSYNC shall be entitled to manage resolution to such action and the Lender Indemnified Parties shall cooperate with FINSYNC in connection thereto.
If any of the Lender Indemnified Parties has knowledge of any such event, such Lender Indemnified Party shall promptly advise FINSYNC of any actual or pending actions or circumstances which could reasonably give rise to any action contemplated and described herein.