Examples of Purchase and Sale Indemnified Party in a sentence
If for any reason the indemnification provided above in this Section 9.1 is unavailable to a Purchase and Sale Indemnified Party or is insufficient to hold such Purchase and Sale Indemnified Party harmless, then each Originator agrees that it shall contribute to the amount paid or payable by such Purchase and Sale Indemnified Party to the maximum extent permitted under applicable law.
If for any reason the indemnification provided above in this Section 9.1 is unavailable to a Purchase and Sale Indemnified Party or is insufficient to hold such Purchase and Sale Indemnified Party harmless, then each Transferor agrees that it shall contribute to the amount paid or payable by such Purchase and Sale Indemnified Party to the maximum extent permitted under applicable law.
Thereafter, the Purchase and Sale Indemnified Party shall deliver to Transferor, within a reasonable time after the Purchase and Sale Indemnified Party's receipt thereof, copies of all notices and documents (including court papers) received by the Purchase and Sale Indemnified Party relating to the Third Party Claim.
If for any reason the indemnification provided above in this Section 9.1 is unavailable to a Purchase and Sale Indemnified Party or is insufficient to hold such Purchase and Sale Indemnified Party harmless, then the Originator, severally and for itself, shall contribute to the amount paid or payable by such Purchase and Sale Indemnified Party to the maximum extent permitted under applicable law.
Should Originator so elect to assume the defense of a Third Party Claim, the Originators will not be liable to the Purchase and Sale Indemnified Party for any legal expenses subsequently incurred by the Purchase and Sale Indemnified Party in connection with the defense thereof.
No failure on the part of Purchaser, ------------------------------ the Issuer, Eligible Lender Trustee, the Administrator, any Purchase and Sale Indemnified Party, the Indenture Trustee or Noteholder to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof (unless waived in writing); nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.
Thereafter, the Purchase and Sale Indemnified Party shall deliver to Parent Originator, within a reasonable time after the Purchase and Sale Indemnified Party's receipt thereof, copies of all notices and documents (including court papers) received by the Purchase and Sale Indemnified Party relating to the Third Party Claim.
If Transferor does not assume the defense of any such Third Party Claim, the Purchase and Sale Indemnified Party may defend the same in such manner as it may deem appropriate, including settling such claim or litigation after giving prompt notice to Transferor of such terms and, Transferor will promptly reimburse the Purchase and Sale Indemnified Party upon written request.
If Parent Originator does not assume the defense of any such Third Party Claim, the Purchase and Sale Indemnified Party may defend the same in such manner as it may deem appropriate, including settling such claim or litigation after giving prompt notice of such terms to Parent Originator and any other Originator that may be liable for such Third Party Claim, and Parent Originator and such Sub-Originator will promptly reimburse the Purchase and Sale Indemnified Party upon written request.
If Transferor shall assume the defense of any Third Party Claim, the Purchase and Sale Indemnified Party shall be entitled to participate in (but not control) such defense with its own counsel at its own expense.