Drexel definition

Drexel. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, LLC and its successors-in-interest.

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Drexel shall include Drexel, its subsidiaries and affiliates, trustees, officers, faculty, students, employees and agents (sometimes referred to as “indemnified parties”). Service Provider shall defend, indemnify, and hold harmless Drexel from and against any and all claims, losses, liabilities, or expenses of any type whatsoever that may arise from the goods and/or services supplied by Service Provider, actions or inactions taken by Service Provider, and the presence of Service Provider on Drexel property, whether or not any such claims, losses, liabilities, or expenses are caused, in whole or in part by, or are based upon, the alleged negligence of Drexel or any of the other indemnified parties or caused or based upon the alleged breach of any legal duty or obligation on the part of Drexel. The indemnification provision shall include, but not be limited to, those claims resulting in personal injuries or death or loss or damage to property of Drexel, Service Provider or any other party. Service Provider acknowledges that the indemnity granted to Drexel by this Agreement includes indemnification for claims brought by employees of Service Provider against Drexel. In the event that such a claim is made by an employee of Service Provider, Service Provider agrees to waive the immunity that the Worker’s Compensation Act provides to employers against indemnity claims by parties such as Drexel or the other parties indemnified hereunder. Service Provider releases and waives any and all claims, demands, or causes of action against Drexel, subsidiaries and affiliates, its trustees, officers, faculty, students, employees and/or agents that arise from or are connected with Service Provider’s obligations pursuant to this Agreement, any injury to employees or agents of Service Provider or damage to or loss of any property of Service Provider or its employees or agents, regardless of whether or not any such claims, losses, liabilities or expenses are caused in part by the negligence of Drexel or any of the other indemnified parties. In the event that any claim, demand, suit or other legal proceeding arising out of any matter relating to this Agreement is made or instituted by any person against Drexel, Service Provider shall, at its own cost and expense, provide Drexel with all reasonable information and assistance in the defense or other disposition thereof. The provisions of this Section shall survive the termination or expiration of this Agreement.

Drexel means Drexel University, a Pennsylvania nonprofit corporation.

Examples of Drexel in a sentence

• The Purchaser intends to sell the Non-Registered Certificates (other than the VRR Interest) to JPMS, MS&Co., WFS, BofA Securities, Academy and Drexel (collectively in such capacity, the “Initial Purchasers”) pursuant to a certificate purchase agreement, dated as of the date hereof (the “Certificate Purchase Agreement”), among the Purchaser, JPMCB and the Initial Purchasers.

• The Purchaser intends to sell the Non-Registered Certificates (other than the VRR Interest) to JPMS, MS&Co., WFS, BofA Securities, Academy and Drexel (collectively in such capacity, the “Initial Purchasers”) pursuant to a certificate purchase agreement, dated as of the date hereof (the “Certificate Purchase Agreement”), among the Purchaser, the Mortgage Loan Seller and the Initial Purchasers.

• The Purchaser intends to sell the Non-Registered Certificates (other than the VRR Interest) to JPMS, MS&Co., WFS, BofA Securities, Academy and Drexel (collectively in such capacity, the “Initial Purchasers”) pursuant to a certificate purchase agreement, dated as of the date hereof (the “Certificate Purchase Agreement”), among the Purchaser, JPMorgan Chase Bank, National Association and the Initial Purchasers.

More Definitions of Drexel

Drexel shall have the meaning given in the Preamble.