Limited Indemnity definition
Limited Indemnity means that certain Limited Indemnity Agreement, dated as of the date hereof, by and between Beethoven JV 1, LLC, as limited indemnitor, the Collateral Agent and the Lenders.
Limited Indemnity provision means a party in a contractual agreement only agrees to pay for loss or damage under specified circumstances.
Limited Indemnity has the meaning specified in Section 3.01(d)(viii).
Examples of Limited Indemnity in a sentence
Notwithstanding anything in this Agreement or any other Credit Documents to the contrary, no Credit Party (other than the Borrower) shall be liable for the payment of any principal or accrued and unpaid interest on the Loans or any losses incurred by Administrative Agent or any Lender incurred in connection with any failure by the Borrower to pay such amounts except in accordance with the Limited Indemnity.
More Definitions of Limited Indemnity
Limited Indemnity means, that certain Limited Indemnity, dated as of the Closing Date, by the Company, Intermediate Holdco, and each other Indemnifying Party in favor of the Administrative Agent and the Collateral Agent, on behalf of the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.