Common use of Trustee and Agent Clause in Contracts

Trustee and Agent. Each Party acknowledges that the Indemnified Party is acting as trustee and agent for its remaining Indemnified Parties, on whose behalf and for whose benefit the indemnity in Section 5.1 or 5.2, as applicable, is provided and that such remaining Indemnified Parties shall have the full right and entitlement to take the benefit of and enforce such indemnity notwithstanding that they may not individually be parties to this Agreement. Each Party agrees that the Indemnified Party may enforce the indemnity for and on behalf of such remaining Indemnified Parties and, in such event, the Indemnifying Party shall not in any proceeding to enforce the indemnity by or on behalf of such remaining Indemnified Parties assert any defence thereto based on the absence of authority or consideration or privity of contract and irrevocably waives the benefit of any such defence.

Trustee and Agent. Each Party acknowledges that the Indemnified Party Purchaser is acting as trustee and agent for its the remaining Purchaser Indemnified Parties, Parties on whose behalf and for whose benefit the indemnity in Section 5.1 or 5.2, as applicable, 1-10.1 is provided and that such remaining Purchaser Indemnified Parties shall have the full right and entitlement to take the benefit of and enforce such indemnity notwithstanding that they may not individually be parties to this Agreement. Each Party agrees The Parties agree that the Indemnified Party Purchaser may enforce the indemnity for and on behalf of such remaining Purchaser Indemnified Parties and, in such event, the Indemnifying Party shall from whom indemnification is sought will not in any proceeding to enforce the indemnity by or on behalf of such remaining Purchaser Indemnified Parties assert any defence thereto based on the absence of authority or consideration or privity of contract and irrevocably waives the benefit of any such defence.

Trustee and Agent. ‌ Each Party acknowledges that the Indemnified other Party is acting as trustee and agent for its remaining ICC or the Wayland Indemnified Parties, as the case may be, on whose behalf and for whose benefit the indemnity in Section 5.1 8.1 or 5.2Section 8.3, as applicablethe case may be, is provided and that such remaining other Indemnified Parties shall have the full right and entitlement to take the benefit of and enforce such indemnity notwithstanding that they may not individually be parties to this Agreement. Each Party agrees that the Indemnified other Party may enforce the indemnity for and on behalf of such remaining other Indemnified Parties and, in such event, the Indemnifying Party shall from whom indemnification is sought will not in any proceeding to enforce the indemnity by or on behalf of such remaining other Indemnified Parties assert any defence thereto based on the absence of authority or consideration or privity of contract and irrevocably waives the benefit of any such defence.

Trustee and Agent. Each Party acknowledges that the Indemnified Party is acting as trustee and agent for its remaining Indemnified Parties, on whose behalf and for whose benefit the indemnity in Section 5.1 6.1 or 5.26.2, as applicable, is provided and that such remaining Indemnified Parties shall have the full right and entitlement to take the benefit of and enforce such indemnity notwithstanding that they may not individually be parties to this Agreement. Each Party agrees that the Indemnified Party may enforce the indemnity for and on behalf of such remaining Indemnified Parties and, in such event, the Indemnifying Party shall not in any proceeding to enforce the indemnity by or on behalf of such remaining Indemnified Parties assert any defence thereto based on the absence of authority or consideration or privity of contract and irrevocably waives the benefit of any such defence.

Trustee and Agent. Each Party acknowledges that the Indemnified other Party is acting as trustee and agent for its remaining other Indemnified Parties, on whose behalf and for whose benefit the indemnity in Section 5.1 or 5.2, as applicable, 11.1 is provided and that such remaining Indemnified Parties shall have the full right and entitlement to take the benefit of and enforce such indemnity notwithstanding that they may not individually be parties Parties to this Agreement. Each Party agrees that the Indemnified other Party may enforce the indemnity for and on behalf of such remaining other Indemnified Parties and, in such event, the Indemnifying Party shall from whom indemnification is sought will not in any proceeding to enforce the indemnity by or on behalf of such remaining other Indemnified Parties assert any defence thereto based on the absence of authority or consideration or privity of contract and irrevocably waives the benefit of any such defence.