Common use of Indemnified Person Defined Clause in Contracts

Indemnified Person Defined. For the purposes of this Section 21.2, “Indemnified Person” means Lessor and its directors, officers, employees, successors and permitted assigns, agents and servants (the directors, officers, employees, successors and permitted assigns, agents and servants of Lessor together with Lessor being referred to herein collectively as the “Related Indemnitee Group” of Lessor), provided that as a condition of any obligations of Lessee to pay any indemnity or perform any action under this Section 21.2 with respect to any persons who are not signatories hereto, such persons at the written request of Lessee shall expressly agree in writing to be bound by all the terms of this Section 21.2. In the event that any Indemnified Person fails, after notice to such Indemnified Person referring to this sentence, to comply with any duty or obligation under Section 21.2(e) and (f), such Indemnified Person shall not be entitled to indemnity under this Section 21.2 to the extent such failure to comply has a material adverse effect on Lessee’s ability to defend any such Claim.

Appears in 2 contracts

Samples: Equipment Lease Agreement (Kansas City Southern De Mexico, S. De R.L. De C.V.), Equipment Lease Agreement (Kansas City Southern)

AutoNDA by SimpleDocs

Indemnified Person Defined. For the purposes of this Section 21.27.6, “Indemnified Person” means Lessor the Lender and its directors, officers, employees, successors and permitted assigns, agents and servants (the directors, officers, employees, successors and permitted assigns, agents and servants of Lessor the Lender together with Lessor the Lender being referred to herein collectively as the “Related Indemnitee Group” of Lessorthe Lender), provided that as a condition of any obligations of Lessee the Borrower to pay any indemnity or perform any action under this Section 21.2 7.6 with respect to any persons who are not signatories hereto, such persons at the written request of Lessee the Borrower shall expressly agree in writing to be bound by all the terms of this Section 21.27.6. In the event that any Indemnified Person fails, after notice to such Indemnified Person referring to this sentence, to comply with any duty or obligation under Section 21.2(e7.6(e) and (f), such Indemnified Person shall not be entitled to indemnity under this Section 21.2 7.6 to the extent such failure to comply has a material adverse effect on Lesseethe Borrower’s ability to defend any such Claim.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kansas City Southern De Mexico, S.A. De C.V.), Loan and Security Agreement (Kansas City Southern)

AutoNDA by SimpleDocs

Indemnified Person Defined. For the purposes of this Section 21.27.6, “Indemnified Person” means Lessor the Lender (and its successors and assigns), and its directors, officers, employees, successors and permitted assigns, agents and servants (the directors, officers, employees, successors and permitted assigns, agents and servants of Lessor the Lender together with Lessor the Lender being referred to herein collectively as the “Related Indemnitee Group” of Lessorthe Lender), provided that as a condition of any obligations of Lessee the Borrower to pay any indemnity or perform any action under this Section 21.2 7.6 with respect to any persons Lender who are is not signatories a signatory hereto, such persons Lender at the written request of Lessee the Borrower shall expressly agree in writing to be bound by all the terms of this Section 21.27.6. In the event that any Indemnified Person fails, after notice to such Indemnified Person referring to this sentence, to comply with any duty or obligation under Section 21.2(e7.6(e) and (f), such Indemnified Person shall not be entitled to indemnity under this Section 21.2 7.6 to the extent such failure to comply has a material adverse effect on Lesseethe Borrower’s ability to defend any such Claim.

Appears in 2 contracts

Samples: Loan Agreement (Kansas City Southern), Loan Agreement (Kansas City Southern De Mexico, S.A. De C.V.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!