Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.
Indemnity means the payment of an amount to offset all or part of an insured loss.
Tax Losses has the meaning assigned to such term in Section 7.1(a).
Seller Indemnified Party has the meaning set forth in Section 7.2.
Buyer Indemnified Party has the meaning set forth in Section 8.2.
Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.
Indemnification Cap has the meaning set forth in Section 9.4(a).
Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.
Indemnity Payment shall have the meaning set forth in Section 4.4(a).
Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.
Seller Indemnified Parties has the meaning set forth in Section 8.1.
Buyer Indemnified Parties has the meaning set forth in Section 8.2.
Company Indemnified Party has meaning set forth in Section 8(b) hereof.
Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.
Parent Indemnified Parties has the meaning set forth in Section 9.2(a).