Common use of Indemnification; Expenses Clause in Contracts

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.17; provided that the Borrower shall not be required to indemnify any Bank, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 4 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc)

AutoNDA by SimpleDocs

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank Lender (including each Issuing BankLender) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.16; provided that the Borrower shall not be required to indemnify any BankLender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 3 contracts

Samples: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank Lender (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.18; provided that the Borrower shall not be required to indemnify any BankLender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 3 contracts

Samples: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.17; provided that the Borrower shall not be required to indemnify any Bank, Bank or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/)

Indemnification; Expenses. (i) The Borrower Company hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.15; provided that the Borrower Company shall not be required to indemnify any Bank, Bank or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

Samples: Five Year Credit Agreement (General Mills Inc), Five Year Credit Agreement (General Mills Inc)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.15; provided that the Borrower shall not be required to indemnify any Bank, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

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

Indemnification; Expenses. (i) The Borrower Company hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.14; provided that the Borrower Company shall not be required to indemnify any Bank, Bank or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

Samples: Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank Lender (including each Issuing BankLender) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.18; provided that the Borrower shall not be required to indemnify any BankLender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc)

Indemnification; Expenses. (i) The Borrower Company hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.15 ; provided that the Borrower Company shall not be required to indemnify any Bank, Bank or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

AutoNDA by SimpleDocs

Indemnification; Expenses. (i) The Borrower Company hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.17‎Section 2.15; provided that the Borrower Company shall not be required to indemnify any Bank, Bank or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.18; provided that the Borrower shall not be required to indemnify any Bank, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Credit Agreement (Textron Financial Corp)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank Lender (including each Issuing BankLender) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.17; provided that the Borrower shall not be required to indemnify any BankLender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Edison Inc)

Indemnification; Expenses. (i) The Borrower Company hereby indemnifies and holds harmless each Bank (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.14; provided PROVIDED that the Borrower Company shall not be required to indemnify any Bank, Bank or the Administrative Agent, Agent for any claims, damages, losses, liabilities, costs or expenses, to the extent found finally determined by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Indemnification; Expenses. (i) The Borrower hereby indemnifies and holds harmless each Bank Lender (including each Issuing Bank) and the Administrative Agent from and against any and all claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in connection with a Letter of Credit issued pursuant to this Section 2.172.15; provided that the Borrower shall not be required to indemnify any BankLender, or the Administrative Agent, for any claims, damages, losses, liabilities, costs or expenses, to the extent found by a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of such Person.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Usx Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.