Common use of Holders’ Indemnity Clause in Contracts

Holders’ Indemnity. Each of the Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's or Drawing Agent's, as applicable, negligence or bad faith) by the Holders of any subclass of the Securities before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of any loss, damage or obligation, if in respect of any third party liability, shall be supported by an Opinion of Counsel).

Appears in 2 contracts

Samples: Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD)

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Holders’ Indemnity. Each of the Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's ’s or Drawing Agent's’s, as applicable, negligence or bad faith) by the Holders of any subclass of the Securities before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of any loss, damage or obligation, if in respect of any third party liability, shall be supported by an Opinion of Counsel).

Appears in 2 contracts

Samples: Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD)

Holders’ Indemnity. Each of the The Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's or Drawing Agent's, as applicable, ’s negligence or bad faith) by the Holders of any subclass of the Securities Notes before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of 118 any loss, damage or obligation, if in respect of any third party liability, shall be supported by an Opinion of Counsel).

Appears in 1 contract

Samples: Trust Indenture (Babcock & Brown Air LTD)

Holders’ Indemnity. Each of the The Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's or Drawing Agent's, as applicable, ’s negligence or bad faith) by the Holders of any subclass of the Securities Notes before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of any loss, damage or obligation, if in respect of any third party liability, shall should be supported by an Opinion of Counsel).

Appears in 1 contract

Samples: Trust Indenture (AerCap Holdings N.V.)

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Holders’ Indemnity. Each of the The Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's or Drawing Agent's, as applicable, ’s gross negligence or bad faith) by the Holders of any subclass of the Securities Notes before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of any loss, damage or obligation, if in respect of any third party liability, shall should be supported by an Opinion of Counsel).

Appears in 1 contract

Samples: Trust Indenture (Avolon Holdings LTD)

Holders’ Indemnity. Each of the The Trustee and the Drawing Agent shall be entitled to be indemnified (except with respect to losses, damages or obligations arising from the Trustee's or Drawing Agent's, as applicable, ’s negligence or bad faith) by the Holders of any subclass of the Securities Notes before proceeding to exercise any right or power under this Indenture or the Cash Management Agreement at the request or direction of such Holders (the basis of any loss, damage or obligation, if in respect of any third party liability, shall be supported by an Opinion of Counsel).

Appears in 1 contract

Samples: Trust Indenture (Genesis Lease LTD)

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