Sponsor Indemnified Party definition

Sponsor Indemnified Party has the meaning specified in Section 5.11(d).

Sponsor Indemnified Party shall have the meaning ascribed to such term in Section 6.01.b of the Standard Terms.

Sponsor Indemnified Party shall have the meaning assigned to such term in Section 4.05(c) herein.

Examples of Sponsor Indemnified Party in a sentence

• Such indemnity shall include payment from the Trust of the costs and expenses incurred by such Sponsor Indemnified Party in defending itself against any claim or liability in its capacity as Sponsor.

• However, failure to notify the Sponsor of any claim shall not relieve the Sponsor from any liability which it may have to any Sponsor Indemnified Party against whom such action is brought otherwise than on account of its indemnity agreement contained in this paragraph and shall only release it from such liability under this paragraph to the extent it has been materially prejudiced by such failure to give notice.

• Any amounts payable to a Sponsor Indemnified Party under this Section 5.11(d) may be payable in advance or shall be secured by a lien on the Trust.

• Any amounts payable to a Sponsor Indemnified Party under this Section 7.1(d) may be payable in advance or shall be secured by a lien on the Trust.

• Any amounts payable to a Sponsor Indemnified Party under this Section 5.6(d) may be payable in advance or shall be secured by a lien on the Trust.

• If the Sponsor does not elect to assume the defense of any suit, it will reimburse the Sponsor Indemnified Party in the suit for the reasonable fees and expenses of any counsel retained by them.

• The Sponsor shall be entitled to participate at its own expense in the defense, or, if it so elects, to assume the defense of any suit brought to enforce any claims, but if the Sponsor elects to assume the defense, the defense shall be conducted by counsel chosen by it and satisfactory to the Sponsor Indemnified Party in the suit and who shall not, except with the consent of the Sponsor Indemnified Party, be counsel to the Sponsor.

• Any amounts payable to a Sponsor Indemnified Party under this Section 5.6(b) may be payable in advance or shall be secured by a lien on the Trust.

• Any amounts payable to a Sponsor Indemnified Party under this Section 5.6(b) may be payable in advance or shall be secured by a lien on the Trust’s assets.

• The indemnification provided for in Section 6.01(b) shall not apply to the extent any such losses, liabilities, damages, costs and expenses are incurred as a result of any fraud, gross negligence, bad faith or reckless or willful misconduct on the part of a Sponsor Indemnified Party.

More Definitions of Sponsor Indemnified Party

Sponsor Indemnified Party is defined in Section 4.1.

Sponsor Indemnified Party shall have the meaning ascribed to it in Section 7.02 hereof.

Sponsor Indemnified Party means each of the Sponsor and its members, managers, directors, officers, employees, affiliates (as such term is defined under the Securities Act) and subsidiaries.

Sponsor Indemnified Party means the Sponsor; the Depositor; each person responsible for the preparation, execution or filing of any report required to be filed with the Commission with respect to the Issuing Entity, or for execution of a certification pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act; each broker-dealer acting as an underwriter of the Certificates; each person who controls any of such parties (within the meaning of Section 15 of the Act and Section 20 of the Exchange Act); and the respective present and former directors, officers, employees and agents of each of the foregoing. Capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Pooling Agreement.