TMK definition
Examples of TMK in a sentence
The Borrower agrees that if TMK shall fail to pay when due any Guaranteed Debt, the Borrower will promptly pay the same without notice or demand whatsoever.
The omission of TMK or such director or officer so to notify you of any such litigation shall relieve you from any liability which it may have to TMK or such director or officer on account of the indemnity agreement contained in this paragraph, but shall not relieve you from any liability which it may have to TMK or such director or officer otherwise than on account of the indemnity agreement contained in this paragraph.
No Guaranteed Party shall have an obligation to disclose or discuss with the Borrower its assessment of the financial condition of TMK.
In case any such litigation shall be brought against you or any such controlling person and you or such controlling person shall notify TMK of the commencement thereof, TMK shall be entitled to participate in (and, to the extent that it shall wish, to direct) the defense thereof at its own expense but such defense shall be conducted by counsel of good standing and satisfactory to you or such controlling person or persons, defendant or defendants in the litigation.
Upon such irrevocable payment and termination, TMK shall indemnify the Borrower for the full amount of any payment made by the Borrower under this Guaranty and the Borrower shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.