Trustee Indemnity Letter definition

Trustee Indemnity Letter means a duly executed indemnity letter to the Trustee in or substantially in the form set out in Part VIII of the Programme Deed, unless otherwise specified in the Drawdown Deed, provided by an entity with a creditworthiness reasonably satisfactory to the Trustee.
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Trustee Indemnity Letter means a duly executed indemnity letter to the Trustee in or substantially in the form set out in Part VIII of the Programme Deed, unless otherwise specified in the Drawdown Deed, provided by an entity with a creditworthiness satisfactory to the Trustee, as determined by the Trustee’s credit department in accordance with its usual practices for assessing creditworthiness; provided that, if an indemnity letter in or substantially in such form is unacceptable to any such entity, the Trustee Indemnity Letter shall be in a form to be agreed as between such entity and the Trustee.
Sample 1Sample 2
Trustee Indemnity Letter means an indemnity letter to the Trustee in or substantially in the form set out in the Programme Deed, unless otherwise specified in the Drawdown Deed, provided by an entity with a creditworthiness reasonably satisfactory to the Trustee.
Sample 1

Examples of Trustee Indemnity Letter in a sentence

  • Subject to and without prejudice to Base Condition 9.4 and the Transaction Agreements, if at any time the Calculation Agent does not make a required determination, the Trustee will, subject to its being indemnified and/or secured and/or pre-funded to its satisfaction or provided with a Trustee Indemnity Letter, appoint an agent on its behalf to do so and the Calculation Agent will be deemed to have made such determination.

  • If an Event of Default occurs the Trustee (a) may at its discretion, and (b) shall if so directed by an Extraordinary Resolution and subject, in each case to it being, either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter, give notice to the Issuer that the Notes are, and they will immediately become, due and payable at their Mandatory Redemption Amount.

  • If at any time the Calculation Agent does not make a required determination, the Trustee will, subject to its being indemnified and/or secured and/or pre-funded to its satisfaction or provided with a Trustee Indemnity Letter, do so (or will appoint an agent on its behalf to do so) and the Calculation Agent will be deemed to have made such determination.

  • Noteholder put option where Trustee has not declared the Notes due and payable following an Event of Default: Upon an Event of Default, the Trustee will not be bound to declare the Notes due and payable unless it has been either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter.

  • If an Event of Default occurs, the Trustee (a) may at its discretion, and (b) shall if so directed by an Extraordinary Resolution and if either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter, give notice to the Issuer that the Notes are, and they will immediately become, due and payable at their Mandatory Redemption Amount.

Related to Trustee Indemnity Letter

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Servicer Indemnified Amounts has the meaning set forth in Section 13.02(a).

  • Related Indemnified Person of an indemnified person means (a) any controlling person or controlled affiliate of such indemnified person, (b) the respective directors, officers, or employees of such indemnified person or any of its controlling persons or controlled affiliates and (c) the respective agents of such indemnified person or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such indemnified person, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this sentence pertains to a controlled affiliate or controlling person involved in the negotiation or syndication of this Agreement and the Term Loans.

  • Fiduciary Indemnified Person means each of the Institutional Trustee (including in its individual capacity), the Delaware Trustee (including in its individual capacity), any Affiliate of the Institutional Trustee or the Delaware Trustee, and any officers, directors, shareholders, members, partners, employees, representatives, custodians, nominees or agents of the Institutional Trustee or the Delaware Trustee.

  • Seller Indemnified Parties has the meaning set forth in Section 8.1.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Purchaser Indemnified Parties has the meaning set forth in Section 8.2.

  • Tax Representation Letters shall have the meaning set forth in Section 5.11(c).

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • Indemnification Agreements shall have the meaning set forth in Section 6.01(a).

  • Parent Indemnified Parties has the meaning set forth in Section 9.2(a).

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Holder Indemnified Parties has the meaning set forth in Section 7(a).

  • Company Indemnified Parties has the meaning specified in Section 7.8(a).

  • Indemnified Parties shall have the meaning assigned to such term in Section 7.2.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.