Common use of Indemnification of the Agents Clause in Contracts

Indemnification of the Agents. To the extent either Agent is not reimbursed and indemnified by the Credit Parties, each Lender will reimburse and indemnify such Agent, ratably according to the respective amounts of the Loans outstanding under all Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitments), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement or the other Credit Documents; provided that no Lender shall be liable to either Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Choicepoint Inc), Credit Agreement (Choicepoint Inc), Revolving Credit Agreement (Choicepoint Inc)

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Indemnification of the Agents. To the extent either Agent of the Agents is not reimbursed and indemnified by the Credit PartiesBorrower, each Lender will reimburse and indemnify such Agent, ratably according in proportion to its respective Commitment (before giving effect to any termination of the Commitments pursuant to the respective amounts terms of the Loans outstanding under all Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitmentsthis Agreement), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable counsel fees and disbursements) or disbursements of any kind or nature whatsoever which that may be imposed on, incurred by or asserted against such Agent in performing its duties hereunderhereunder and under the other Loan Documents, in any way relating to or arising out of this Agreement or the other Credit Loan Documents; provided that no Lender shall be liable to either Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Credit Agreement (Harbourton Financial Services L P)

Indemnification of the Agents. To The Lenders and, with respect to any Interest Rate Agreement, the Swap Provider agree to indemnify each Agent (to the extent either Agent is not reimbursed and indemnified by the Credit PartiesSecurity Parties or any thereof), each Lender will reimburse and indemnify such Agent, ratably pro rata according to the respective amounts of the Loans outstanding under all Facilities (or if no amounts are outstandingtheir Commitments, ratably in accordance with the aggregate Commitments), in either case, for from and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever (including legal fees and expenses incurred in investigating claims and defending itself against such liabilities) which may be imposed on, incurred by or asserted against against, such Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement any Transaction Document, any action taken or omitted by such Agent thereunder or the other Credit Documents; provided preparation, administration, amendment or enforcement of, or waiver of any provision of, any Transaction Document, except that no Lender shall be liable to either Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

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Indemnification of the Agents. To the extent either any Agent is not reimbursed and indemnified by the Credit Parties, each Lender will reimburse and indemnify such Agent, ratably according to the respective amounts of the Loans outstanding under all the Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitments), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement or the other Credit Documents; provided that no Lender shall be liable to either any Agent for any portion of such liabilities, obligations, losses, 58 65 damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

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