Common use of Indemnification of the Agents Clause in Contracts

Indemnification of the Agents. To the extent either Agent is not reimbursed and indemnified by the Credit Parties, each Lender will reimburse and indemnify such Agent, ratably according to the respective amounts of the Loans outstanding under all Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitments), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement or the other Credit Documents; provided that no Lender shall be liable to either Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Choicepoint Inc), Revolving Credit Agreement (Choicepoint Inc), Revolving Credit Agreement (Choicepoint Inc)

Indemnification of the Agents. To the extent either any Agent is not reimbursed and indemnified by the Credit Parties, each Lender will reimburse and indemnify such Agent, ratably according to the respective amounts of the Loans outstanding under all the Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitments), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in performing its duties hereunder, in any way relating to or arising out of this Agreement or the other Credit Documents; provided that no Lender shall be liable to either any Agent for any portion of such liabilities, obligations, losses, 58 65 damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 1 contract

Sources: Revolving Credit Agreement (Choicepoint Inc)

Indemnification of the Agents. To the extent either Agent of the Agents is not reimbursed and indemnified by the Credit PartiesBorrower, each Lender will reimburse and indemnify such Agent, ratably according in proportion to its respective Commitment (before giving effect to any termination of the Commitments pursuant to the respective amounts terms of the Loans outstanding under all Facilities (or if no amounts are outstanding, ratably in accordance with the aggregate Commitmentsthis Agreement), in either case, for and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable counsel fees and disbursements) or disbursements of any kind or nature whatsoever which that may be imposed on, incurred by or asserted against such Agent in performing its duties hereunderhereunder and under the other Loan Documents, in any way relating to or arising out of this Agreement or the other Credit Loan Documents; provided that no Lender shall be liable to either Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent's gross negligence or willful misconduct.

Appears in 1 contract

Sources: Credit Agreement (Harbourton Financial Services L P)