Examples of Manager Indemnified Parties in a sentence
Subject to Sections 9.1.3 and 9.2.3, Owner shall defend, indemnify, and hold harmless Manager and its Affiliates, and their respective shareholders, trustees, beneficiaries, directors, officers, employees and agents, and the successors and assigns of each of the foregoing (collectively, the “Manager Indemnified Parties”) for, from and against any and all Claims that any Manager Indemnified Parties incur to the extent caused by Owner’s Gross Negligence or Willful Misconduct.
The Issuer acknowledges and agrees that the Issuer’s obligations to the Assignor (and to each of its associated Collateral Manager Indemnified Parties) under Section 6 of the Amended and Restated CMA shall continue in effect following the Assignment Effective Date to the extent that the claim, damage, cost, liability, expense or loss in respect of which indemnity is sought arises from an act or omission that occurred prior to the Assignment Effective Date.
Except the Manager Indemnified Parties and the Company Indemnified Parties (which are third−party beneficiaries of this Agreement with respect to the indemnification provisions of this Agreement), the terms and provisions of this Agreement are intended solely for the benefit of the parties hereto and their respective permitted successors 4816−4720−7856or assigns, and it is not the intention of the parties to confer third−party beneficiary rights upon any other person or entity.
Furthermore, Owner shall indemnify, protect, defend, save and hold harmless Manager and all of the other Manager Indemnified Parties from any and all Losses involving, concerning or in any way related to any past, current or future claims regarding the treatment, deposit, storage, disposal or placement by any party other than Manager of hazardous substances on or about the Properties.
In addition, the Manager Indemnified Parties will not be liable for trade errors that may result from ordinary negligence, including, without limitation, errors in the investment decision making process or in the trade process.