Protected Party definition

Protected Party means a Finance Party which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance Document.

Protected Party has the meaning given to it in Clause 12.1 (Definitions).

Protected Party means any of the following parties:

Examples of Protected Party in a sentence

• The Indemnifying Party may not agree to any settlement of a Covered Claim that contains an admission of fault or otherwise materially and adversely impacts the Protected Party without the prior written consent of the Protected Party.

• A Protected Party may participate in a Covered Claim for which it seeks protection with its own attorneys only at its own expense.

• The Indemnifying Party’s obligations in this section are contingent upon the Protected Party: (a) promptly notifying the Indemnifying Party of each Covered Claim for which it seeks protection; (b) providing reasonable assistance to the Indemnifying Party at the Indemnifying Party’s expense; and (c) giving the Indemnifying Party sole control over the defense and settlement of each Covered Claim.

More Definitions of Protected Party

Protected Party means a party or intended party who lacks capacity to conduct proceedings in accordance with the Mental Capacity Act 2005;

Protected Party means a party to this Agreement when the party is receiving the benefit of protection for a particular Covered Claim.

Protected Party. As defined in Section 7.04 hereof. PUD: A Planned Unit Development.

Protected Party means every current and former Director, officer, employee, committee member (whether a committee of the Board or other committee of the Corporation), and his or her heirs, executors, administrators, estate and effects or any other person acting on behalf of the Corporation.

Protected Party means a Lender which is or will be subject to any liability or required to make any payment for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Transaction Document.

Protected Party means, without duplication, the Agent, the Collateral Agent, the Depository, each Creditor, each Support Party and any participant, successor or permitted assign of any thereof.

Protected Party means the Administrative Agent or a UK Lender which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Credit Document.