Common use of Lenders’ indemnity to the Agent Clause in Contracts

Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans then outstanding to the Available Facilities and all the Loans then outstanding) indemnify the Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Agreement (Energizer Holdings Inc)

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Lenders’ indemnity to the Agent. (a) Subject to Each Lender shall, in accordance with paragraph (b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans then outstanding to the Available Facilities and all the Loans then outstanding) indemnify the Agent, Agent within three Business Days of demand, against any cost, loss or liability incurred by the Agent any of them (otherwise than by reason of the relevant Agent's ’s gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facilities Agreement (Alibaba Group Holding LTD)

Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans Utilisations then outstanding to the Available Facilities and all the Loans Utilisations then outstanding) indemnify the Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's its gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent it has been reimbursed by an Obligor Obligor, HoldCo or the Sponsor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facility Agreement (Las Vegas Sands Corp)

Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Each Lender shall (in proportion to with its Available Commitments and participations participation in the Loans then outstanding to the Available Facilities and all the Loans then outstandingLoan) indemnify the Agent, Agent within three (3) Business Days of demand, demand against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's ’s gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed or later is reimbursed by an Obligor the Borrowers pursuant to a Finance Document).

Appears in 1 contract

Samples: Charter Agreement (Knightsbridge Shipping LTD)

Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans then outstanding to the Available Facilities and all the Loans then outstanding) indemnify the Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's its gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent it has been reimbursed by an Obligor the Borrower pursuant to a Finance Document).

Appears in 1 contract

Samples: Agreement (Las Vegas Sands Corp)

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Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Each Lender shall (in proportion to with its Available Commitments and participations participation in the Loans then outstanding to the Available Facilities and all the Loans then outstandingLoan) indemnify the Agent, Agent within three Business Days of demand, demand against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's ’s gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor the Borrower pursuant to a Finance Document).

Appears in 1 contract

Samples: Bridge Loan Facility Agreement (SeaDrill LTD)

Lenders’ indemnity to the Agent. (a) Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments Commitment and participations in the Loans then outstanding to the Available Facilities Facility and all the Loans then outstanding) indemnify the Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's ’s gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facility Agreement (Tongjitang Chinese Medicines Co)

Lenders’ indemnity to the Agent. (a) Subject to Each Lender shall, in accordance with paragraph (b‎‎(b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans then outstanding to the Available Facilities and all the Loans then outstanding) indemnify the Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent (otherwise than by reason of the Agent's ’s gross negligence or wilful misconduct) in acting as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facility Agreement (Shanda Media LTD)

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