Common use of Covenants of Trust Company Clause in Contracts

Covenants of Trust Company. Trust Company further -------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon ders, Lessor's Estate and the Indenture Estate free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, and each Lessee (and each of such Lessee's respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------

Appears in 1 contract

Samples: Participation Agreement (Magellan International Inc)

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Covenants of Trust Company. Trust Company further -------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon dersBuyer’s Transponders, Lessor's ’s Estate and the Indenture Estate free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, Holdings and each Lessee (and each of such Holding’s and Lessee's ’s respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including reasonable legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------.

Appears in 1 contract

Samples: Participation Agreement (Xm Satellite Radio Holdings Inc)

Covenants of Trust Company. Trust Company further -------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon dersTransponders, Lessor's Estate and the Indenture Estate Collateral Security free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, Guarantor, HCG and each Lessee (and each of such Guarantor's, HCG's and Lessee's respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including reasonable legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------.

Appears in 1 contract

Samples: Participation Agreement (Magellan International Inc)

Covenants of Trust Company. Trust Company further -------------------------- --------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon dersTransponders, Lessor's Estate and the Indenture Estate free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, HCG and each Lessee (and each of such HCG's and Lessee's respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including reasonable legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------.

Appears in 1 contract

Samples: Magellan International Inc

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Covenants of Trust Company. Trust Company further -------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon dersTransponders, Lessor's Estate and the Indenture Estate free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, and each Lessee (and each of such Lessee's respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------

Appears in 1 contract

Samples: Participation Agreement (Magellan International Inc)

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