Common use of Indemnification; Expenses Clause in Contracts

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Lender and the Administrative Agent and the officers, directors, employees, agents and advisors and affiliates of each of them from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.12; provided that the Borrower shall not be required to indemnify any Lender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 5 contracts

Samples: Credit Agreement (Textron Inc), Credit Agreement (Textron Inc), Credit Agreement (Textron Inc)

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Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Lender Bank (including each Issuing Bank) and the Administrative Agent and the officers, directors, employees, agents and advisors and affiliates of each of them from and against any and all claims, damages, losses, liabilities, costs or expenses of any kind, including, without limitation, the reasonable fees and disbursements of counsel which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.122.13; provided that the Borrower shall not be required to indemnify any LenderBank, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD)

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Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Lender (including each Issuing Bank) and the Administrative Agent and the officers, directors, employees, agents and advisors and affiliates of each of them from and against any and all claims, damages, losses, liabilities, costs or expenses (other than Taxes) which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.122.04; provided that the Borrower shall not be required to indemnify any Lender, Lender (including any Issuing Bank) or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, expenses to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person or by such Person’s material breach of the express terms of this Agreement.

Appears in 1 contract

Samples: Assignment and Assumption (Marathon Oil Corp)

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