Principal Indemnity definition

Principal Indemnity means the indemnity provided by Principal in the Principal Indemnity Agreement.
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Principal Indemnity means the indemnity given by the Debtor to the Creditor in clause 12.10 of the Facility Agreement;
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Principal Indemnity means the indemnity provided by Principal in the Principal Indemnity Agreement. Principal Market has the meaning set forth in Schedule 2.0.
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Examples of Principal Indemnity in a sentence

  • The Trustee will own, stand possessed of and administer the Trust Fund and carry out its functions and exercise its rights and duties hereunder for the following main purposes only, namely to issue the Trustee Undertaking and to receive, hold, administer and enforce its rights under the Principal Indemnity and in and to the Secured Assets and matters incidental thereto.

  • In the event and to the extent that this Section 7.5 conflicts with the terms and conditions of the Buyer Indemnity, Seller Indemnity, Principal Indemnity, this Agreement, or the Transaction Documents, then the terms and conditions of this Section 7.5 shall govern; provided, however, that the terms and conditions of the Buyer Indemnity, Seller Indemnity, and Principal Indemnity shall in all other respects govern (e.g., terms involving timing and procedures).

  • The debts and obligations of the Debtor arising out of the Principal Indemnity are hereinafter referred to as the “Obligations”.

  • If any amounts are mutually agreed or otherwise determined to be due as a result of any claim(s) filed under the Buyer Indemnity, the Seller Indemnity, and/or the Principal Indemnity, then any such amount(s) shall be separately paid and resolved by the applicable indemnifying Party without any effect whatsoever on the performance of the Buyer Obligations or Seller Obligations.


More Definitions of Principal Indemnity

Principal Indemnity means the indemnity provided by Principal in the Principal Indemnity Agreement. Principal Market has the meaning set forth in Schedule 2.0. Principal’s Interest means 100% of Principal’s direct and indirect ownership interest in, to and under the equity of Seller and CleanTech. Proceeding means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, judicial or investigative, whether formal or informal, whether public or private) commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Body, court, or arbitrator. Property or Properties has the meaning set forth in the background facts described in the Seller Disclosure Schedule, including, without limitation, the Tangible Personal Property, Intellectual Property Assets, Intellectual Property, and Intangible Personal Property (including air, oil, gas, mineral, and water rights together with all Permits).
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Principal Indemnity the Principal Indemnity referred to in clause 12.10 of the Facility Agreement;
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