Contingent Indemnification Obligations definition

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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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.

Examples of Contingent Indemnification Obligations in a sentence

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.
If an Event of Default exists, Guarantors 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 each Guarantor shall have performed all of its obligations hereunder.
Upon the termination of the Global Credit Agreement and the payment in full of all Guaranteed Obligations thereunder (other than Contingent Indemnification Obligations), this Guaranty Agreement shall automatically terminate without further action by Collateral Agent or any other Guaranteed Credit Party.
All Netherlands Obligations (other than Contingent Indemnification Obligations) shall become due and payable as otherwise set forth herein, but in any event all of the remaining Netherlands Obligations (other than Contingent Indemnification Obligations) shall become due and payable upon termination of this Agreement or the Netherlands Commitment Termination Date, whichever is earlier.
Each Loan Party (a “Subordinating Loan Party”) agrees that the payment of all obligations and indebtedness, whether principal, interest, fees and other amounts and whether now owing or hereafter arising, owing to such Subordinating Loan Party by any other Loan Party is expressly subordinated to the payment in full in cash of the Obligations (other than Contingent Indemnification 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 contingent, unliquidated indemnification obligations of a Loan Party, to the extent (i) such

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 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 Obligations for the indemnification of the Lender arising under Section 2.3.4 (Indemnity), Section 6.1.13 (Hazardous Materials), Section 6.1.17 (Assignment of Receivables) or under similar substantive provisions of this Agreement or any of the Financing Documents, with respect to which there is no claim pending or threatened and which expressly survive the termination of this Agreement. "Copyrights" means and includes, in each case whether now existing or hereafter arising, all of the Borrower's rights, title and interest in and to (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, copyright applications, and all renewals of any of the foregoing, (b) all income, royalties, damages and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past, current or future infringements of any of the foregoing, (c) the right to sue ▇▇▇ past, present and future infringements of any of the foregoing, and (d) all rights corresponding to any of the foregoing throughout the world.

Contingent Indemnification Obligations are obligations of Borrower under Section 12.2 for which no demand for indemnity or reimbursement has been made by Bank.