Contingent Indemnification Obligations definition

Contingent Indemnification Obligations means, as of any date of determination, Obligations for taxes, expenses, costs, indemnification or damages (excluding principal of, interest on and fees relating to Indebtedness) in respect of which no claim or demand for payment has been made (and, in the case of Obligations for indemnification, no notice for indemnification has been issued by the indemnitee).

Contingent Indemnification Obligations means contingent indemnification Obligations for which no claim has been made.

Contingent Indemnification Obligations means contingent, unliquidated indemnification obligations of a Loan Party, to the extent (i) such obligation has not accrued and (ii) no claim has been made or is reasonably anticipated by the Collateral Agent with respect thereto.

Examples of Contingent Indemnification Obligations in a sentence

• The Borrower agrees to pay to the Agent, for its individual account, a nonrefundable Agent's fee of $50,000 per annum, payable for the period from and including the Closing Date to but not including the date on which all Loan Obligations (other than Contingent Indemnification Obligations) have been indefeasibly paid in full and all Revolving Credit Commitments have been terminated.

• If an Event of Default exists, Guarantor shall not receive or collect, directly or indirectly, from any Obligor or any other party any amount upon the Guarantor Claims unless and until the Guaranteed Obligations (other than Contingent Indemnification Obligations) shall be paid and satisfied in full and Guarantor shall have performed all of its obligations hereunder.

• Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against any Borrower or any other Loan Party for amounts paid under this Article X until such time as the Obligations (other than Contingent Indemnification Obligations) have been paid in full and the Commitments have expired or terminated.

• The payment obligations of any Guarantor under this Section 10.06 shall be subordinate and subject in right of payment to the Obligations until such time as the Obligations (other than Contingent Indemnification Obligations) have been paid-in-full and the Commitments have terminated, and none of the Guarantors shall exercise any right or remedy under this Section 10.06 against any other Guarantor until such Obligations have been paid-in-full and the Commitments have terminated.

• Upon payment in full in cash and performance of all of the Obligations (other than Contingent Indemnification Obligations for which no claim has been asserted), termination of the Commitments and a release of all claims against Agent and Lenders, Agent shall deliver to Borrower termination statements, mortgage releases and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Obligations.

More Definitions of Contingent Indemnification Obligations

Contingent Indemnification Obligations at any time shall mean Obligations which at such time are contingent obligations under indemnification provisions of the Secured Party Documents which survive indefinitely; provided, however, that an Obligation under such an indemnification provision shall not constitute a Contingent Indemnification Obligation to the extent that (a) an unsatisfied claim for payment of such Obligation has been made, or (b) an action, suit or proceeding is pending or threatened at such time which may give rise to a claim under such indemnification provision.

Contingent Indemnification Obligations shall have the meaning given that term in the Collateral Agency Agreement.

Contingent Indemnification Obligations means, as to any Person, those contingent indemnification obligations to the extent no claim giving rise thereto has been asserted.

Contingent Indemnification Obligations means collectively the Contingent Indemnification Revolving Credit Obligations and the Contingent Indemnification Term Loan Obligations.

Contingent Indemnification Obligations means the obligations of the Borrower to indemnify a Senior Lender or the Subordinate Lender in respect of a liability to the extent that as of the time of reference thereto such liability has not accrued and/or notice of such indemnification obligation has not been given to Borrower by a Senior Lender or Subordinate Lender.

Contingent Indemnification Obligations means contingent, unliquidated indemnification obligations of a Loan Party, to the extent (i) suchobligation has not accrued and (ii) no claim has been made or is reasonably anticipated by the Collateral Agent with respect thereto.

Contingent Indemnification Obligations means Obligations for the -------------------------------------- indemnification of the Agent and/or the Lenders arising under Section 2.20, Section 9.12 or Section 19 or under similar substantive provisions of this Agreement or any of the Loan Documents, with respect to which there is no claim pending or threatened as of the date of determination.