Indemnified Person definition

Indemnified Person means the Guarantee Trustee, any Affiliate of the Guarantee Trustee, or any officers, directors, shareholders, members, partners, employees, representatives, nominees, custodians or agents of the Guarantee Trustee.
Indemnified Person shall have the meaning set forth in Section 5(c) hereof.

Examples of Indemnified Person in a sentence

  • The Indemnified Person shall cooperate with the indemnifying Interconnection Party with respect to the matter for which indemnification is claimed.

  • The indemnifying Interconnection Party shall have the right to assume the defense thereof with counsel designated by such indemnifying Interconnection Party and reasonably satisfactory to the Indemnified Person.

  • In such instances, the indemnifying Interconnection Party shall only be required to pay the fees and expenses of one additional attorney to represent an Indemnified Person or Indemnified Persons having such differing or additional legal defenses.

  • If an indemnifying Interconnection Party is obligated to indemnify and hold any Indemnified Person harmless under this Section 14, the amount owing to the Indemnified Person shall be the amount of such Indemnified Person’s actual Loss, net of any insurance or other recovery.

  • The Indemnified Person shall be entitled, at its expense, to participate in any action, suit or proceeding, the defense of which has been assumed by the indemnifying Interconnection Party.


More Definitions of Indemnified Person

Indemnified Person means the Preferred Guarantee Trustee, any Affiliate of the Preferred Guarantee Trustee, or any officers, directors, shareholders, members, partners, employees, representatives, nominees, custodians or agents of the Preferred Guarantee Trustee.
Indemnified Person is defined in Section 12.3.
Indemnified Person is defined in Section 12.2.
Indemnified Person has the meaning set forth in Section 11.3.
Indemnified Person and “Indemnifying Person” shall have the meaning set forth in Section 5.8. hereof.
Indemnified Person has the meaning set forth in Section 6.4(a).
Indemnified Person has the meaning specified therefor in Section 10.3 of the Agreement.