Common use of Costs, Expenses and Indemnification Clause in Contracts

Costs, Expenses and Indemnification. (a) The Borrowers jointly and severally agree, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent (including the allocated time charges of the Administrative Agent's legal department, as its internal counsel) with respect thereto and with respect to advising the Administrative Agent as to its rights and responsibilities under this Agreement. The Borrowers further jointly and severally agree to pay promptly on demand all costs and expenses of the Administrative Agent and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 9.04(a).

Appears in 2 contracts

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

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Costs, Expenses and Indemnification. (a) The Borrowers jointly and severally agreeBorrower agrees, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent (including the allocated time charges of the Administrative Agent's legal departmentdepartments, as its their respective internal counsel) with respect thereto and with respect to advising the Administrative Agent as to its rights and responsibilities under this Agreement. The Borrowers Borrower further jointly and severally agree agrees to pay promptly on demand all costs and expenses of the Administrative Agent Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunderhereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 9.04(a8.04(a).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/), Hormel Foods Corp /De/

Costs, Expenses and Indemnification. (a) The Borrowers jointly and severally agree, regardless of whether the Effective Date occurs, Borrower agrees to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent Agents in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent Agents (including the allocated time charges of the Administrative each Agent's legal departmentdepartments, as its their respective internal counsel) with respect thereto and with respect to advising the Administrative Agent Agents as to its their rights and responsibilities under this Agreement. The Borrowers Borrower further jointly and severally agree agrees to pay promptly on demand all costs and expenses of the Administrative Agent Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunderhereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 9.04(a8.04(a). Such expenses shall be reimbursed by the Borrower upon a presentation of statement of account, regardless of whether Closing Date occurs.

Appears in 2 contracts

Samples: Credit Agreement (Dial Corp /New/), Credit Agreement (Dial Corp /New/)

Costs, Expenses and Indemnification. (a) The Borrowers jointly and severally agree, regardless of whether the Effective Date occurs, agree to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent Agents and the Arranger in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent Agents and the Arranger (including the allocated time charges of the Administrative AgentAgents' and the Arranger's legal departmentdepartments, as its their respective internal counsel) with respect thereto and with respect to advising the Administrative Agent Agents and the Arranger as to its their rights and responsibilities under this Agreement. The Borrowers further jointly and severally agree to pay promptly on demand all costs and expenses of the Administrative Agent Agents, the Arranger and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunderhereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 9.04(a). Such expenses shall be reimbursed by the Borrowers upon a presentation of statement of account, regardless of whether the Closing Date occurs.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

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Costs, Expenses and Indemnification. (a) The Borrowers jointly and severally agreeBorrower agrees, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent (including the allocated time charges of the Administrative Agent's ’s legal departmentdepartments, as its their respective internal counsel) with respect thereto and with respect to advising the Administrative Agent as to its rights and responsibilities under this Agreement. The Borrowers Borrower further jointly and severally agree agrees to pay promptly on demand all costs and expenses of the Administrative Agent Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunderhereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 9.04(a8.04(a).

Appears in 1 contract

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)

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