Trustee Indemnified Party definition

Trustee Indemnified Party shall have the meaning set forth in Section 13.6 hereof.

Trustee Indemnified Party has the meaning ascribed to such term in Section 5.6(a).

Trustee Indemnified Party or “Trustee Indemnified Parties” shall mean the Trustee, any of its directors, officers, shareholders, agents or employees.

Examples of Trustee Indemnified Party in a sentence

• The indemnification provided in this Section shall survive the death, dissolution, incapacity, resignation or removal of the Trustee, Indemnified Party or the termination of the Trust, and shall inure to the benefit of each Indemnified Party’s successors, heirs and assigns.

• The Company and each Subsidiary Guarantor, jointly and severally shall indemnify the Trustee and its officers, directors, employees and agents (each, a “ Trustee Indemnified Party ”) for and from, and hold them harmless against, any and all loss, liability, damages, claims, taxes (other than taxes based on the income of the Trustee) or expense (including reasonable attorneys’ fees) paid or incurred by or in connection with the administration of this trust and the performance of its duties hereunder.

• Subsections (a) and (b) above are intended to provide indemnification to each Issuer Indemnified Party and Trustee Indemnified Party for his or her active or passive negligence or misconduct; provided, however, nothing in subsections (a) and (b) above shall be deemed to provide indemnification to any Issuer Indemnified Party or any Trustee Indemnified Party with respect to any Liabilities arising from the successful allegation of fraud, gross negligence, or willful misconduct of such party.

• If so, intervention with respect to vertical/complementary mergers, agreements, and expansion should be far more limited than intervention with respect to horizontal mergers, agreements, and (to a lesser extent) expansion.

• Also, the original terms of the contract will not be substantially altered.

• The indemnification provided in this Section shall survive the death, dissolution, incapacity,resignation or removal of the Trustee, Indemnified Party or the termination of the Trust, and shall inure to the benefit of each Indemnified Party’s successors, heirs and assigns.

• The Note Trustee may retain and pay out of any moneys in its hand in priority to any claim by a Noteholder, all sums necessary to effect and satisfy an amount due and payable to a Note Trustee Indemnified Party under this clause 9.3.

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

• This Agreement is for the exclusive benefit of the parties hereto, any Sponsor Indemnified Party or any Trustee Indemnified Party and the Beneficial Owners, and shall not be deemed to give any legal or equitable right, remedy or claim whatsoever to any other person.

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

More Definitions of Trustee Indemnified Party

Trustee Indemnified Party shall have the meaning set forth in Section 15.1(a)(i).