Indemnifying Bank definition

Indemnifying Bank means a bank that provides an indemnity under Section 229.53 of Check 21 with respect to a Substitute Check.
Sample 1Sample 2Sample 3
Indemnifying Bank means a bank that provides an indemnity under§ 229.53 with respect to a substitute check.
Sample 1Sample 2
Indemnifying Bank means each financial institution that is designated as an "Indemnifying Bank" on Annex I hereto, and each financial institution which is designated, with the approval of the Fronting Bank and the Administrative Agent, as an "Indemnifying Bank" in an Assignment and Assumption Agreement.
Sample 1Sample 2

Examples of Indemnifying Bank in a sentence

  • Upon the occurrence of a Triggering Event, each Indemnifying Bank, upon one Business Day's notice from the Fronting Bank, shall deliver to the Fronting Bank by wire transfer in immediately available funds and in the relevant Approved Currency its proportionate share based on its Indemnity Amount of the aggregate unpaid principal amount of the Fronting Bank's B Revolving Loans.

  • Indemnifying Bank from any claims/actions The contractor shall fully indemnify and keep indemnified the Bank against any action, claim or proceeding relating to infringement or use of any patent or design or any alleged patent or design rights and shall pay any royalties which may be payable in respect of any article or part thereof included in the contract.

  • Each Borrower hereby designates the Administrative Agent to serve as its agent, solely for purposes of this Section 7.13, to maintain a register (the "Register") on which it will record the Commitments from time to time of each of the Banks, the Loans made by each of the Banks, each repayment in respect of the principal amount of the Loans of each Bank and the Indemnity Participation of each Indemnifying Bank.

  • Indemnifying Bank means, a bank that provides an indemnity with respect to remote deposit capture or an electronically-created item, or a bank that provides an indemnity with respect to a substitute check.

  • Each Borrower hereby designates the Administrative -------- Agent to serve as its agent, solely for purposes of this Section 7.13, to maintain a register (the "Register") on which it will record the Commitments from time to time of each of the Banks, the Loans made by each of the Banks, each repayment in respect of the principal amount of the Loans of each Bank and the Indemnity Participation of each Indemnifying Bank.

  • Where the beneficiary of any Letter of Credit or Bank Guarantee (the “Beneficiary”) is also a Lender (the “Indemnifying Bank”) then the Beneficiary in its capacity as such shall be treated as a separate entity from such Indemnifying Bank for all purposes of the Finance Documents.


More Definitions of Indemnifying Bank

Indemnifying Bank means a bank that provides an indemnity under section 8 of this Act.
Sample 1Sample 2

Related to Indemnifying Bank

  • Indemnifying Person shall have the meaning set forth in Section 5(c) hereof.

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Indemnifying Parties has the meaning set forth in Section 6.08(b).

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Indemnified Party shall have the meaning set forth in Section 5(c).

  • Indemnified Person has the meaning set forth in Section 11.3.

  • Indemnifier means any Party obligated to provide indemnification under this Agreement;

  • Indemnifying Party Information All information in the Prospectus Supplement or any amendment or supplement thereto (i) contained under the headings "Summary--Relevant Parties--Responsible Party "The Mortgage Loan Pool--Underwriting Guidelines" and (ii) regarding the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties (but in the case of this clause (ii), only to the extent any untrue statement or omission of a material fact arose from or is based upon errors or omissions in the information concerning the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties, as applicable, provided to the Depositor or any affiliate by or on behalf of the Indemnifying Party), [and static pool information regarding mortgage loans originated or acquired by the seller [and included in the Prospectus Supplement, the Offering Circular or the Comp Materials][incorporated by reference from the Seller's website at [________]].

  • Indemnitor has the meaning set forth in Section 12.3.

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).

  • Third Party Claim has the meaning set forth in Section 7.05(a).

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • Indemnitee has the meaning assigned to such term in Section 9.03(b).

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • First party claimant means an individual, corporation, association, partnership or other legal entity asserting a right to payment under an insurance policy or insurance contract arising out of the occurrence of the contingency or loss covered by such policy or contract;

  • D&O Indemnified Party has the meaning set forth in Section 5.8(a).

  • Purchaser Indemnitee As defined in Section 6(a) hereof.

  • Tax Indemnitee as defined in Section 3.01(5).

  • D&O Indemnified Parties shall have the meaning set forth in Section 6.6(a).

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Investor Indemnified Party is defined in Section 4.1.

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • indemnified representative means any and all directors and officers of the corporation and any other person designated as an indemnified representative by the board of directors of the corporation (which may, but need not, include any person serving at the request of the corporation, as a director, officer, employee, agent, fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other entity or enterprise);

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).