Unasserted Contingent Indemnification Obligations

Unasserted Contingent Indemnification Obligations. Shall mean, at any time, contingent indebtedness, duties, liabilities and obligations for indemnifications in respect of which no claim or demand for payment has been made, no notice for indemnification has been issued, or can reasonably be expected to be issued, by the indemnitee at such time; provided, however, notwithstanding the foregoing, contingent indebtedness, duties, liabilities and obligations with respect to any undrawn letters of credit issued by Senior Lenders, shall in no event be... considered Unasserted Contingent Indemnification Obligations. View More