REIT Indemnified Parties definition
Examples of REIT Indemnified Parties in a sentence
In performing its functions and duties under the Pledge Agreement, REIT shall act solely as an administrative representative of the REIT Indemnified Parties and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the REIT Indemnified Parties, by or through its agents or employees.
REIT is authorized and empowered to amend, modify or waive any provisions of the Pledge Agreement on behalf of the REIT Indemnified Parties.
New REIT and the New REIT Indemnified Parties, including their respective directors, officers, employees, agents and representatives, are hereby relieved from any liability to any person for any acts done in accordance with such decision, act, consent, election or instruction.
REIT agrees to act as such on the express conditions contained in this Section 8.5. The provisions of this Section 8.5 are solely for the benefit of REIT and the REIT Indemnified Parties, and the SOIF Parties shall have no obligations under or rights as a third party beneficiary of any of the provisions hereof.
REIT agrees to act as such on the express conditions contained in this Section 8.3. The provisions of this Section 8.3 are solely for the benefit of REIT and the REIT Indemnified Parties, and SOIF II shall have no obligations under or rights as a third party beneficiary of any of the provisions hereof.
REIT agrees to act as such on the express conditions contained in this Section 8.5. The provisions of this Section 8.5 are solely for the benefit of REIT and the REIT Indemnified Parties, and SOIF II shall have no obligations under or rights as a third party beneficiary of any of the provisions hereof.
REIT agrees to act as such on the express conditions contained in this Section 8.3. The provisions of this Section 8.3 are solely for the benefit of REIT and the REIT Indemnified Parties, and SOIF shall have no obligations under or rights as a third party beneficiary of any of the provisions hereof.
The representations and warranties in this Agreement are the product of negotiations among the Parties hereto and are for the sole benefit of such Parties (and, as applicable, the Behringer Indemnified Parties and the MF REIT Indemnified Parties).
The Buyer Indemnified Parties or the REIT Indemnified Parties, as the case may be (each, an "Indemnified Party"), shall give prompt written notice to any Person who is obligated to provide indemnification hereunder (an "Indemnifying Party") of the commencement or assertion of any action, proceeding, demand, or claim by a third party (collectively, a "third-party action") in respect of which such Indemnified Party shall seek indemnification hereunder.
For purposes of this Article 9, a decision, act, consent, election or instruction of RLJ Development shall be deemed to be authorized if approved in writing by RLJ Development, and New REIT and the New REIT Indemnified Parties may rely upon such decision, act, consent, election or instruction as provided in this Section 9.9 as being the decision, act, consent, election or instruction of RLJ Development.