Common use of Right to Indemnity Clause in Contracts

Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 10 contracts

Samples: Credit Agreement (Standard Parking Ii LLC), Loan Agreement (Diebold Inc), Credit Agreement (MSX International Inc)

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Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability liability, cost and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Credit Agreement (Standard Parking Corp), Credit Agreement (Apcoa Standard Parking Inc /De/), Credit Agreement (Ap Holdings Inc)

Right to Indemnity. The Except for action expressly required of the Agent hereunder, the Agent shall be fully justified in failing or refusing to take any action hereunder or under the Loan Agreement or on behalf of the Supplemental Guarantor unless it shall first be indemnified to its satisfaction by the Lenders pro rata Supplemental Guarantor against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (World Airways Inc /De/)

Right to Indemnity. The Except for action expressly required of the Agent hereunder, the Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata Banks against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Delta Air Lines Inc /De/)

Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability and expense which may be incurred by it by reason of taking or AMENDED AND RESTATED CREDIT AGREEMENT -73- 81 continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Venture Service Co)

Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder or under the other Loan Documents unless it shall first be indemnified to its satisfaction by the Lenders Banks pro rata against any and all liability and expense which may be incurred by it or by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan and Letter of Credit Reimbursement Agreement (Unitog Co)

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Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.. 11.15

Appears in 1 contract

Samples: Execution Copy (Myers Industries Inc)

Right to Indemnity. The Agent shall be fully justified in failing or refusing to take any action hereunder or under the Notes or other Security Instruments, as Agent, unless it shall first be indemnified to its satisfaction by the Lenders pro rata PRO RATA against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (New Stat Healthcare Inc)

Right to Indemnity. The Agent shall be fully justified in failing ------------------ or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (FLD Acquisition Corp)

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