Examples of Indemnitor Group in a sentence
Each of Indemnitor and the Borrower will, and will take reasonable action to cause each of the Indemnitor Group Restricted Subsidiaries to, comply with all Requirements of Law (including ERISA, Environmental Laws and the USA PATRIOT Act) with respect to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.
Indemnitor will not, nor will Indemnitor permit any of the Indemnitor Group Restricted Subsidiaries to, amend, modify or waive its certificate of incorporation, bylaws or other organizational documents, in each case if the effect of such amendment, modification or waiver would be materially adverse to Indemnitee without the consent of Indemnitee.
Notwithstanding the foregoing, Indemnitor Group may not enter into any Separation Transaction unless Homes Newco shall have corporate credit ratings assigned to it by Moody’s and S&P of no less than Baa2/BBB, respectively, and it shall not be reasonably foreseeable, as of the date of such Separation Transaction, that Homes Newco will be downgraded.
A11 conditional use permit shall not be required for a use allowed as a permitted use in a given zoning district.12 No conditionally permitted use may be established until a conditional use permit is issued in accordance13 with the provisions of this chapter.
Subject to Section 13.5, each party (the “Indemnitor”) agrees to and shall release, indemnify, defend, and hold harmless the other party’s group as defined above (the “Indemnitee Group”) from and against any and all Claims that are brought by or on behalf of the Indemnitor’s group as defined above (the “Indemnitor Group”) which arise out of, relate to, or are connected with the Agreement or the performance hereof and relate to bodily injury, illness, or death of any member of the Indemnitor Group.
The designation of any Subsidiary as an Indemnitor Group Unrestricted Subsidiary shall constitute an Investment by the parent company of such Subsidiary therein under Section 3.04(u) at the date of designation in an amount equal to the fair market value of such parent company’s investment therein.
Each of Indemnitor and the Borrower will, and will cause each of the Indemnitor Group Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all Requirements of Law are made of all dealings and transactions in relation to its business and activities.
Indemnitee and Indemnitor each hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Senior Indebtedness and any requirement that any holder of the Senior Indebtedness or Financial Representative of any holders of Senior Indebtedness secure, perfect or insure any security interest or lien or any property or exhaust any right or take any action against Indemnitor, any member of Indemnitor Group or any other person or entity or any collateral.
Except if failure to do so would not reasonably be expected to have a Material Adverse Effect, Indemnitor will, and will cause each of the Indemnitor Group Restricted Subsidiaries to, keep and maintain all property necessary for the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty and condemnation excepted.
Each member of the Indemnitor Group set forth on the Indemnitors Schedule shall have, prior to HSNLP making any distribution to or entering into any transaction with, such Person, executed a Contribution Agreement in the form of Exhibit F attached hereto, and HSNLP hereby covenants not to make any such distribution or enter into any such transaction until such Contribution Agreement has been executed by such Person.