Indemnitors definition

Indemnitors has the meaning given to such term in Section 5(h).

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Indemnitors has the meaning assigned to such term in Section 7.5(c) hereof.

Indemnitors shall include their respective successors, assigns, heirs, executors and administrators. The word “include(s)” means “include(s), without limitation”, and the word “including” means “including, but not limited to”. This Agreement is subject to enforcement at law or in equity, including actions for damages or specific performance. Time is of the essence of each and every term and condition of this Agreement. The term “days” when used herein shall mean calendar days. If any time period ends on a Saturday, Sunday or holiday officially recognized by the state within which the Property is located, the period shall be deemed to end on the next succeeding Business Day.

Examples of Indemnitors in a sentence

• The Company agrees that, as between the Company and the Secondary Indemnitors, the Company is primarily responsible for amounts required to be indemnified or advanced under the Company’s certificate of incorporation or bylaws or this Agreement and any obligation of the Secondary Indemnitors to provide indemnification or advancement for the same amounts is secondary to those Company obligations.

• The Issuer and the Holders agree that the Indemnitors are express third party beneficiaries of this ‎‎Article VI.

• The Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery which any Holder would have had against the Issuer if the Indemnitors had not advanced or paid any amount to or on behalf of such Holder.

• No advancement or payment by the Indemnitors on behalf of any Holder with respect to any claim for which such ▇▇▇▇▇▇ has sought indemnification from the Issuer hereunder shall affect the foregoing.

• The Secondary Indemnitors are express third-party beneficiaries of the terms of this Section 16(g).

More Definitions of Indemnitors

Indemnitors shall have the meaning set forth in Section 9 below.

Indemnitors has the meaning set forth in Section 7.2(a).

Indemnitors means Borrower and Guarantor.

Indemnitors has the meaning set forth in Section 11.2 of the Agreement.

Indemnitors means the Stockholders.

Indemnitors has the meaning set forth in Section 10.1.

Indemnitors shall have the meaning ascribed to such term in Section 10 of this Agreement;