Indemnified Partner definition

Indemnified Partner is defined in paragraph 26(c) of this Lease.
Indemnified Partner has the meaning described in Subsection 2.4.1

Examples of Indemnified Partner in a sentence

  • In addition, if the Indemnifying Party fails to give the Indemnified Partner the Notice complying with the provisions stated above within the stated time period, the Indemnified Partner shall have the right to assume control of the defense of the Claim and all Damages in connection therewith shall be reimbursed by the Indemnifying Party upon demand of the Indemnified Partner.

  • To the extent that the Indemnifying Partner undertakes the defense of such claim in good faith by proceeding diligently at its expense, and without materially impairing the financial conditions or operations of the Indemnified Partner, the Indemnified Partner shall be entitled to indemnity hereunder only if, and to the extent that, such defense is unsuccessful as determined by a final judgment of a court of competent jurisdiction or is settled with the consent of the Indemnifying Partner.

Related to Indemnified Partner