Millennium Indemnity definition

Millennium Indemnity means that indemnity provided to the Partnership by [insert name of Millennium indemnitor] pursuant to the Indemnity dated as of [insert date];

Examples of Millennium Indemnity in a sentence

• The Millennium Indemnity shall be with respect to any indebtedness of the Partnership that Millennium America (or such Affiliate) may elect.

• The Partnership and the Partners will cooperate with Millennium America (or such Affiliate) in establishing the Millennium Indemnity, including executing any documents necessary to establish the Millennium Indemnity.

• Except with respect to any amount then owing, the obligations of Millennium Indemnitor under Section 1 hereof shall terminate immediately upon the termination of the Millennium Indemnity.

• The aggregate amount of the Millennium Indemnity shall not exceed $300 million.

• The existence of this Agreement shall not prohibit the Partnership from refinancing or repaying any Debt (as defined in the Millennium Indemnity) at any time, subject to the other provisions of the Partnership Agreement.

• For purposes of the Partnership Agreement, any payment made pursuant to this Section 1 shall be treated as a contribution by the Millennium Indemnitor to the Partnership for the benefit of the Millennium partner named in the Millennium Indemnity, and a distribution by the Partnership to the Partner to which any such payment is made.

• The existence of this Agreement shall not prohibit the Partnership from refinancing or repaying any Referenced Obligations (as defined in the Millennium Indemnity) at any time, subject to the other provisions of the Partnership Agreement.

• The aggregate amount of the Millennium Indemnity shall not exceed $500 million.