Common use of Indemnification of Administrative Agent Clause in Contracts

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereof), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 14 contracts

Sources: Receivables Purchase Agreement (DXC Technology Co), Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Newell Brands Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser Lender agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Pro Rata Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 11 contracts

Sources: Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (NuStar Energy L.P.), Receivables Financing Agreement (DCP Midstream, LP)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to To the extent the Administrative Agent is not reimbursed and indemnified by the Borrower, each Lender shall reimburse and indemnify the Administrative Agent (Agent, in proportion to the extent not reimbursed by the Seller or any Affiliate thereof)its aggregate Applicable Percentage, ratably according to the respective Percentage of such Committed Purchaser, from for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, by or asserted against the Administrative Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Loan Document; provided that no Committed Purchaser Lender shall be liable to the Administrative Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence (it being acknowledged that ordinary negligence does not necessarily constitute gross negligence) or willful misconduct.

Appears in 10 contracts

Sources: Credit Agreement (Eldorado Gold Corp /Fi), Credit Agreement (SSR Mining Inc.), Credit Agreement (Pretium Resources Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser Bank agrees to indemnify the Administrative Agent, solely in its capacity as Administrative Agent (to the extent not reimbursed by or on behalf of the Seller or any Affiliate thereofSeller), ratably according to the its respective Percentage of such Committed PurchaserBank Commitment, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which that may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any the other Transaction Document transactions related hereto or any action taken or omitted by the Administrative Agent under this Agreement or any the other Transaction Document; transaction related hereto, provided that no Committed Purchaser Bank shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 9 contracts

Sources: Assignment and Acceptance Agreement and Amendment (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)

Indemnification of Administrative Agent. Each Committed Purchaser Lender agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 8 contracts

Sources: Receivables Financing Agreement (TGPX Holdings I LLC), Receivables Financing Agreement (TGPX Holdings I LLC), Loan and Security Agreement (Hill-Rom Holdings, Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereof), ratably according to the respective Pro Rata Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Corp)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to The Lenders shall indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereofLoan Parties and without limiting the obligations of Loan Parties hereunder), ratably according to the respective Percentage of such Committed Purchasertheir Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which that may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Loan Document or any action taken or omitted to be taken by the Administrative Agent under this Agreement or any other Transaction Documentin connection therewith; provided provided, that no Committed Purchaser Lender shall be liable under this Section 9.13 for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconductmisconduct as determined by a final and nonappealable judgment of a court of competent jurisdiction.

Appears in 4 contracts

Sources: Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent on demand (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 4 contracts

Sources: Receivables Financing Agreement (Oncor Electric Delivery Co LLC), Receivables Financing Agreement (Deluxe Corp), Receivables Financing Agreement (Agiliti, Inc. \De)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 4 contracts

Sources: Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Applied Industrial Technologies Inc)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Pro Rata Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 3 contracts

Sources: Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (DCP Midstream, LP)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Sellers or any Affiliate thereof), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser Lender agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage Commitment (or after the Termination Date, Capital) of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Receivables Financing Agreement (First Data Corp), Receivables Financing Agreement (First Data Corp)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereofTransaction Parties), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; , provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s 's gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Medco Health Solutions Inc), Receivables Purchase Agreement (Medco Health Solutions Inc)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent, in its capacity as Administrative Agent and not as a Lender, in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Receivables Financing Agreement (OLIN Corp), Receivables Financing Agreement (OLIN Corp)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereofTransaction Parties), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; , provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Medco Health Solutions Inc)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇▇▇▇ agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereof), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser agrees The Lenders agree to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereofBorrower), ratably according to the their respective Percentage of such Committed Purchaser, Applicable Percentages from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, by or asserted against the Administrative Agent in its capacity as the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Loan Document or any action taken or omitted by the Administrative Agent under with respect to this Agreement or any other Transaction Loan Document; , provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including attorney fees and expenses) or disbursements resulting from the Administrative Agent’s 's gross negligence negligence, willful misconduct as determined in a final judgment by a court of competent jurisdiction or willful misconductfrom any action taken or omitted by the Administrative Agent in any capacity other than as the Administrative Agent under this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Cuno Inc)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent on demand (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser 96 Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 1 contract

Sources: Loan and Security Agreement (Werner Enterprises Inc)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller or any Affiliate thereof), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed 748740795 18564151 on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Ashland Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Sellers or any Affiliate thereof), ratably according to the respective Percentage of such Committed Purchaser, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.. 110

Appears in 1 contract

Sources: Receivables Purchase Agreement (OUTFRONT Media Inc.)

Indemnification of Administrative Agent. Each Committed Purchaser ▇▇▇▇▇▇ agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided provided, that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.,

Appears in 1 contract

Sources: Receivables Financing Agreement (Applied Industrial Technologies Inc)

Indemnification of Administrative Agent. Each Committed Purchaser Lender agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Seller Borrower or any Affiliate thereof), ratably according to the respective Percentage of such Committed PurchaserLender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted by the Administrative Agent under this Agreement or any other Transaction Document; provided that no Committed Purchaser Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (i) resulting from the Administrative Agent’s gross negligence or willful misconductmisconduct or (ii) to the extent already paid by such Committed Lender pursuant to terms of this Agreement.

Appears in 1 contract

Sources: Receivables Financing Agreement (Olin Corp)