Holders’ Indemnity. The Security Trustee shall be entitled to be indemnified (subject to the limitations and requirements described in Section 8.01 mutatis mutandis) by the Senior Creditors to the sole satisfaction of the Security Trustee before proceeding to exercise any right or power under this Agreement at the request or direction of the Senior Representative. The provisions of Section 8.01 and this Section 8.02 shall survive the termination of this Agreement or the earlier resignation or removal of the Security Trustee.
Appears in 3 contracts
Samples: Security Trust Agreement (Babcock & Brown Air LTD), Security Trust Agreement (Genesis Lease LTD), Security Trust Agreement (Aircraft Finance Trust)
Holders’ Indemnity. The Security Trustee shall be entitled to be indemnified (subject to the limitations and requirements described in Section 8.01 mutatis mutandisMUTATIS MUTANDIS) by the Senior Creditors to the sole satisfaction of the Security Trustee before proceeding to exercise any right or power under this Agreement at the request or direction of the Senior Representative. The provisions of Section 8.01 and this Section 8.02 shall survive the termination of this Agreement or the earlier resignation or removal of the Security Trustee.
Appears in 1 contract
Samples: Security Trust Agreement (Lease Investment Flight Trust)
