Examples of Recipient Indemnitee in a sentence
Each Rendering Party and Receiving Party, together with each Provider Indemnitee and each Recipient Indemnitee, is a third-party beneficiary of this Agreement and shall have the right to enforce the provisions of this Agreement to protect its rights and interests.
Notwithstanding anything to the contrary herein, Service Provider shall not be obligated to indemnify any Service Recipient Indemnitee for any actions giving rise to indemnification hereunder if such actions were consistent with the manner in which the Separated Business or Remainco Business, as applicable, was operated prior to the Distribution.
Except with respect to claims of Fraud by a Party acting as a Provider, this Article V shall be the sole and exclusive remedy of a Recipient Indemnitee for any monetary or compensatory damages or losses, including any Indemnifiable Losses, arising from this Agreement and each Recipient Indemnitee expressly waives and relinquishes any and all rights, claims or remedies such Person may have other than pursuant to this Article V.
The indemnification provided by this Section 2.4 shall continue as to an Indemnitee or Service Recipient Indemnitee who has ceased to serve in such capacity and shall inure to the benefit of the heirs, successors, assigns, administrators and personal representatives of the Indemnitees or Service Recipient Indemnitees, as applicable.
For the avoidance of doubt, each Provider Indemnitee is a third-party beneficiary of this Agreement solely for purposes of the indemnification obligations pursuant to Section 5.3(a), and each Recipient Indemnitee is a third-party beneficiary of this Agreement solely for purposes of the indemnification obligations pursuant to Section 5.3(b).
To the extent that an Administrator Indemnitee or a Recipient Indemnitee has received payment in respect of a Loss pursuant to the provisions of any other Transaction Agreement, such Administrator Indemnitee or Recipient Indemnitee shall not be entitled to indemnification for such Loss under this Agreement to the extent of such payment.