Indemnification Fund definition

Indemnification Fund means the Fund by that name created and established by Section 4.1 hereof.
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Indemnification Fund has the meaning specified in Section 3.8(b).
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Indemnification Fund shall have the meaning ascribed to it in SECTION 2.5(C) hereof.
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Examples of Indemnification Fund in a sentence

  • Amounts in the Indemnification Fund shall be used only for the purposes specified in the preceding paragraph, and shall not be available for any other purpose, including, but not limited to, payment of Debt Service on or the purchase price of the Notes or Other Obligations.

  • Any amount so transferred to the Indemnification Fund shall be immediately paid by the Trustee to the appropriate party or parties.

  • The Note Fund shall be used only for the payment when due of principal of, premium, if any, and interest on the Class A Notes and the Class B Notes, the purchase price of the Class A Notes and the Class B Notes to be purchased on a Purchase Date or Mandatory Tender Date or otherwise in accordance with Section 10.7 hereof, Other Obligations and Carry-Over Amounts (including any accrued interest thereon) and to make transfers to the credit of the Indemnification Fund required by Section 4.5 hereof.

  • Transfers of amounts from the Acquisition Fund to the Indemnification Fund and the Note Fund pursuant to the preceding sentence shall be made by the Trustee without any further authorization or direction.

  • Any moneys in the Retirement Account required to be so transferred to the Indemnification Fund shall be transferred by the Trustee to such Fund without further authorization or direction.

  • If any amounts have been transferred to either or both of the Indemnification Fund or the Note Fund pursuant to this paragraph, the Trustee shall, to the extent necessary to cure the deficiency in the Acquisition Fund as a result of such transfer or transfers, transfer to the Acquisition Fund amounts from the Revenue Fund in the manner provided in Section 4.6 hereof.

  • Balances in the Interest Account shall be transferred to the credit of the Indemnification Fund to the extent necessary, after transfers thereto from the Revenue Fund, the Surplus Fund, the Reserve Fund, the Administration Fund, the Retirement Account and the Principal Account, to make any deposit to the credit of the Indemnification Fund required by Section 4.5 hereof.

  • Balances in the Retirement Account shall be transferred to the credit of the Indemnification Fund to the extent necessary, after transfers thereto from the Revenue Fund, the Surplus Fund, the Reserve Fund and the Administration Fund, to make any deposit to the credit of the Indemnification Fund required by Section 4.5 hereof.

  • The Trustee shall have certified that there is no deficiency in the Indemnification Fund or the Note Fund and that, after the issuance of the series of Notes then to be issued, there will not be a deficiency in the Reserve Fund.

  • Digital, the Shareholders and the Escrow Agent have agreed to enter into this Agreement relating to the Indemnification Fund.


More Definitions of Indemnification Fund

Indemnification Fund is defined in Section 5.6(b).
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Indemnification Fund shall have the meaning set forth in Section 13.4.
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Indemnification Fund shall have the meaning set forth in the Indemnification Fund Agreement.
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Indemnification Fund means, at any date, the sum of the Indemnification Escrow Deposit and all interest accrued thereon and any and all other proceeds from the investment thereof as of such date, less any and all disbursements made therefrom pursuant to the Indemnification Escrow Agreement as of such date.
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Indemnification Fund means an amount equal to the Indemnity Cap.
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Related to Indemnification Fund

  • Indemnification Escrow Fund means the Indemnification Escrow Amount, and the funds from time to time in such account established with the Escrow Agent pursuant to the Escrow Agreement.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.