Examples of Vendor Indemnitee in a sentence
The Vendor accepts each indemnity in favour of any of the Vendor Indemnitees as agent and trustee of that Vendor Indemnitee and may enforce any such indemnity in favour of that Vendor Indemnitee on behalf of that Vendor Indemnitee.
All amounts payable by the Purchaser to a Vendor Indemnitee pursuant to Article 7 will be deemed to be an increase to the Purchase Price.
If the Vendor Indemnitee will have reasonably concluded that there may be legal defenses available to it which are different from or additional to, or inconsistent with, those available to the Owner, the Vendor Indemnitee will have the right to select separate counsel reasonably satisfactory to the Owner to participate in the defense of such action on its own behalf at such Vendor Indemnitee's expense.
The Owner will not settle any such Vendor Liability without the consent of the Vendor Indemnitee, which consent will not be unreasonably withheld.
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In the event the Owner fails, after written demand by such Vendor Indemnitee, to defend any Vendor Liability as to which an indemnity should be provided under subsection 9.3(a), then the Vendor Indemnitee may, at the Owner's expense, contest or settle such matter without the Owner's consent.
Promptly after receipt by a ACI Indemnitee or Vendor Indemnitee, as applicable, of notice of the assertion or the commencement of any action, proceeding or other claim by a third party in respect of which the indemnitee will seek indemnification pursuant to this Article 18, the indemnitee shall promptly notify the indemnitor of such claim in writing.
All payments, losses, damages and reasonable costs and expenses incurred in connection with such contest, payment or settlement by such Vendor Indemnitee will be to the Owner's account.
Promptly on becoming aware of any circumstances which have given or could give rise to a Claim of indemnification under this Article 11, the Indemnified Party shall give Notice to the Purchaser Parties, if the Indemnified Party is a Vendor Indemnitee, or the Vendors, if the Indemnified Party is a Purchaser Indemnitee, of those circumstances.
Each Vendor accepts each indemnity in favour of any of the Vendor Indemnitees as agent and trustee of that Vendor Indemnitee and may enforce any such indemnity in favour of that Vendor Indemnitee on behalf of that Vendor Indemnitee.