Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with paragraph (b) below, indemnify the Facility Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (other than by reason of the Facility Agent’s gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 3 contracts
Samples: Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with paragraph (b) below, indemnify the Facility Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 2 contracts
Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, shall (in accordance with paragraph (bproportion to its participation in the Loan) below, indemnify the Facility Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with paragraph (b) below, indemnify the Facility Agent, within three (3) Business Days business days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s 's gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 1 contract
Samples: Agreement (China Security & Surveillance Technology, Inc.)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with paragraph (b) below, indemnify the Facility Agent, within three (3) Business Days business days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s 's gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 1 contract
Samples: Agreement (China Security & Surveillance Technology, Inc.)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments or participations in the Loan then outstanding) indemnify the Facility Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with paragraph (b) below, indemnify the Facility Agent, within three (3) Business Days business days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent has been reimbursed by an Obligor Party pursuant to a Finance Document).
Appears in 1 contract
Samples: Facility Agreement (China Security & Surveillance Technology, Inc.)
Lenders’ indemnity to the Facility Agent. (a) Each Lender shall, in accordance with Subject to paragraph (b) below, each Lender shall (in proportion to its Available Commitments and participations in the Loans then outstanding to the Available Facility and all the Loans then outstanding) indemnify the Facility Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (other otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) in acting as Facility Agent under the Finance Documents (unless the Facility Agent it has been reimbursed by an Obligor Party pursuant to a Finance Document).
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