Common use of Indemnification of the Agents Clause in Contracts

Indemnification of the Agents. Each Lender agrees to indemnify each Agent or any Related Party and hold it harmless (to the extent not reimbursed by the Borrower), according to its rateable share (and not jointly or jointly and severally) from and against any and all losses, claims, damages, liabilities, obligations, penalties, actions, judgments, suits or any other proceedings and related expenses, including the fees, charges and disbursements of any counsel, which may be incurred by or asserted against such Agent in any way relating to or arising out of the Credit Documents or the transactions therein contemplated or any actions taken or omitted to be taken by such Agent. However, no Lender shall be liable for any portion of such losses, claims, damages, liabilities, obligations, penalties, actions, judgments, suits or other proceedings or expenses resulting from such Agent’s (or its Affiliates’) gross negligence or wilful misconduct as found in a final non-appealable judgment by a court of competent jurisdiction.