Common use of Lessor as trustee Clause in Contracts

Lessor as trustee. The Lessor shall, to the extent that clause 9.13 is not applicable, be the agent and trustee of each of the other Indemnified Persons for the purpose of the indemnities given in their favour under this Lease and any amounts received by the Lessor in such capacity shall be held for the other Indemnified Persons severally.

Appears in 5 contracts

Samples: Dated April (Golar LNG LTD), April 2003 (Golar LNG LTD), Dated April 2003 (Golar LNG LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.