Protected Party definition

Protected Party means a Finance Party which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance Document.

Protected Party means a Finance Party which is or will be, for or on account of Tax, subject to any liability or required to make any payment in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance Document.

Protected Party has the meaning given to it in Clause 12.1 (Definitions).

Examples of Protected Party in a sentence

• Recipient agrees that the conditions in this Agreement and any information disclosed in the Materials are of a special, unique, and extraordinary character, that Discloser and the applicable Protected Party would be irreparably harmed by any disclosure of such information in violation of this Agreement.

• The Eligible Investments, and all principal, interest and other amounts payable to the Trust in respect of the Eligible Investments, and the payments made to the Trust by the Protected Party under the Credit Protection Agreement shall be held in Eligible Accounts.

• Payments on this Certificate will not be made until all amounts payable by the Trust with respect to the Notes under the Indenture, all amounts payable by the Trust to the Protected Party under the Credit Protection Agreement (including any contingent amounts that may become due and payable after any date of determination) and all amounts payable by the Trust under the other Basic Documents have been paid in full or discharged.

• No Protected Party shall be liable for the gross negligence or willful misconduct of any other Protected Party.

• BUYER’S OBLIGATIONS TO INDEMNIFY, HOLD HARMLESS AND DEFEND EACH PROTECTED PARTY, INCLUDE, WITHOUT LIMITATION, OCCURRENCES CAUSED EITHER PROXIMATELY OR REMOTELY, IN WHOLE OR IN PART, BY THE ACT, OMISSION OR THE SOLE, CONTRIBUTORY, PARTIAL, JOINT, COMPARATIVE OR CONCURRENT NEGLIGENCE OF ANY PROTECTED PARTY, but exclude, with respect to any Protected Party, occurrences caused solely by reason of the gross negligence or willful misconduct of such Protected Party.

More Definitions of Protected Party

Protected Party means any of the following parties:

Protected Party means any Credit Party that is or will be subject to any liability or required to make any payment for or on account of UK Tax, in relation to a sum received or receivable (or any sum deemed for the purposes of UK Tax to be received or receivable) under any Loan Document.

Protected Party means a party or intended party who lacks capacity to conduct proceedings in accordance with the Mental Capacity Act 2005;

Protected Party means a Finance Party or, in relation to clauses 14.5 to 14.6 (Indemnity concerning security) and clause 14.9 (Interest) insofar as it relates to interest on any amount demanded by that Indemnified Person under clauses 14.5 to 14.6 (Indemnity concerning security), any Indemnified Person, which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance Document.

Protected Party. As defined in Section 7.04 hereof. PUD: A Planned Unit Development.

Protected Party means a party to this Agreement when the party is receiving the benefit of protection for a particular Covered Claim.

Protected Party means every current and former Director, officer, employee, committee member (whether a committee of the Board or other committee of the Corporation), and his or her heirs, executors, administrators, estate and effects or any other person acting on behalf of the Corporation.