Indemnification Amount definition

Indemnification Amount means (i) with respect to any Franchise Asset, an amount equal to the Allocated Note Amount for such asset and (ii) with respect to any Securitization IP, any amount required to reimburse the applicable Securitization Entity for the expenses related to defending or enforcing its rights in such Securitization IP.

Indemnification Amount as defined in Section 8.06(c);

Indemnification Amount has the meaning set forth in Section 7.5(b).

Examples of Indemnification Amount in a sentence

• For the purposes of this Section 9.2 (Assertion of Claims to Exceed Minimum Indemnification Amount), a Loss (or claim for indemnification) shall be deemed to arise in the Accounting Year in which the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one (1) Accounting Year, in the Accounting Year such event ends.

• Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement for any loss that would otherwise be the subject of indemnification under this Agreement until all losses of such Party arising during the current Contract Year exceed the Minimum Indemnification Amount.

• Subject to the provisions of section 3.1 above, the Indemnification Undertaking in respect to each of the Indemnifiable Events shall be limited, in relation to each Office Holder in the Company separately and for each event separately, in the amount of the liability or expense which is indemnifiable as aforesaid, but not more than the Maximum Indemnification Amount in relation to each of the Indemnifiable Events.

• A breach of the “Non-routine Litigation” Representation and Warranty and the litigation at issue causes a Significant Actual Loss or results in substantial risk of a Significant Actual Loss to the Trust irrespective of whether the Loss Indemnification Amount was realized during the Warranty Period.

• The Maximum Indemnification Amount shall not be affected in any way by the existence of, or payment under, insurance policies.

More Definitions of Indemnification Amount

Indemnification Amount shall refer to the amount of losses, claims, demands, costs, damages, liabilities (joint and several), judgments, fines (including any excise tax assessed with respect to an employee benefit plan), settlements, and other amounts (including Witness Liabilities), including interest on any of the foregoing, which the Director is liable to pay or has paid in connection with an Indemnified Event and amounts proposed to be paid in settlement by the Director in connection with any Indemnified Event.

Indemnification Amount shall have the meaning set forth in Section 7.03(e) herein.

Indemnification Amount means (i) with respect to any Securitization Asset, an amount equal to the Allocated Note Amount for such asset and (ii) with respect to any Securitization IP, any amount required to reimburse the applicable Securitization Entity for the expenses related to defending or enforcing its rights in such Securitization IP. The Allocable Share of the Issuer or the Canadian Co-Issuer, as applicable, of any Indemnification Amount directly attributable to, in the case of the Issuer, the U.S. Securitization Entities, or, in the case of the Canadian Co-Issuer, the Canadian Securitization Entities, will be 100% (and any Shortfall Payments in respect thereof shall be paid in accordance with the Allocation Agreement).

Indemnification Amount means, with respect to any Franchise Asset or Real Estate Asset, an amount equal to the Allocated Note Amount for such asset.

Indemnification Amount means, with respect to any Guarantor Asset or New Real Estate Asset, an amount equal to the Allocated Note Amount for such asset.

Indemnification Amount means $12,750,000.00 deposited or collected pursuant to the Indemnification Escrow Agreement.

Indemnification Amount has the meaning specified in Section 8.1(b).