Reimbursement of the Agent Clause Samples
The "Reimbursement of the Agent" clause defines the obligation of one party, typically the principal, to repay the agent for expenses or costs incurred while performing duties on the principal's behalf. This clause usually specifies the types of expenses eligible for reimbursement, such as travel, materials, or third-party services, and may outline procedures for submitting claims and required documentation. Its core practical function is to ensure that agents are not financially disadvantaged for carrying out their responsibilities, thereby facilitating smooth agency operations and clarifying financial expectations between the parties.
Reimbursement of the Agent. Each Lender further agrees to reimburse Agent, in accordance with its Participation Percentage, for any reasonable out-of-pocket costs or expenses incurred by Agent in connection with its duties under this Agreement (including, but not limited to, reasonable fees and disbursements of counsel, travel and living expenses away from home of employees or agents of the Agent and compensation of agents or of experts employed by the Agent to render services for the Lenders hereunder), but only to the extent such fees, disbursements, expenses and compensation have not been promptly reimbursed to the Agent by Borrowers. If any such sums are reimbursed to the Agent by Borrowers after one or more of the Lenders have reimbursed the Agent for such sums, the Agent will refund such sums ratably to the Lenders who contributed such sums.
Reimbursement of the Agent. In the event that any drawing shall be made under any Fronted Letter of Credit issued under this Section 3.9:
(i) the applicable Fronting Lender shall promptly notify the Agent who shall promptly notify the Borrower of such payment and of the amount thereof;
(ii) the Borrower shall pay to the Agent for the account of such Fronting Lender the amount of any such drawing on the date of such drawing, failing which the payment by such Fronting Lender of such drawing shall constitute the making of a Cdn. Prime Loan or U.S. Base Rate Loan, as applicable, to the Borrower by each Lender according to the Lender's Proportion of such Lender of such amount (without limiting each Lender's obligations to such Fronting Lender, including under Section 3.9(c));
(iii) the Agent shall notify each Lender by telecopier or by telephone (confirmed by telecopier) of such drawing; and
(iv) immediately upon receipt of such notice, each Lender shall make such Lender's Lender's Proportion of such amount in Cdn. Dollars or U.S. Dollars, as applicable, available to the Agent for the account of the applicable Fronting Lender by wire transfer of immediately available funds to the Agent's Account for Payments for the account of such Fronting Lender.
Reimbursement of the Agent. The Landlord must keep ▇▇▇▇▇ & ▇▇▇▇▇▇ reimbursed and indemnified for and against any claim, damage, expense or liability whether criminal or civil suffered by ▇▇▇▇▇ & ▇▇▇▇▇▇ from and during the time that ▇▇▇▇▇ & ▇▇▇▇▇▇ is or were acting on the Landlord’s behalf, unless it is due to the negligence or breach of contract by ▇▇▇▇▇ & ▇▇▇▇▇▇. For the avoidance of any doubt ▇▇▇▇▇ & ▇▇▇▇▇▇ reserves the right to have work carried out on the Landlord’s behalf and to charge for that work to ensure that the Landlord fulfils all contractual and statutory obligations as a landlord. If any Notice is served on ▇▇▇▇▇ & ▇▇▇▇▇▇ under the Housing Health and Safety Rating Scheme of the Housing Act 2004 requiring ▇▇▇▇▇ & ▇▇▇▇▇▇ to carry out any work, repairs or maintenance of the Property the Landlord will reimburse ▇▇▇▇▇ & ▇▇▇▇▇▇ promptly on written demand for all costs expenses and fees incurred.
Reimbursement of the Agent. The Landlord must keep Cheffins indemnified against any claim damages or expense whether criminal or civil;
Reimbursement of the Agent. You will keep us reimbursed and indemnified for and against any claim, damage, expense or liability whether criminal or civil suffered by us from and during the time that we are or were acting on your behalf unless it is due to our negligence or breach of contract. For the avoidance of any doubt we reserve the right to have work carried out on your behalf and to charge you for that work to ensure that you fulfil your contractual and statutory obligations as a landlord. If any Notice is served on the Agent under the Housing Health and Safety Rating Scheme of the Housing ▇▇▇ ▇▇▇▇ requiring the Agent to carry out any work, repairs or maintenance of the Premises the Landlord will reimburse the Agent promptly on demand for all costs expenses and fees incurred.
Reimbursement of the Agent. The Landlord must keep Curchods reimbursed and indemnified for and against any claim, damage, expense or liability whether criminal or civil suffered by Curchods from and during the time that Curchods is or were acting on the Landlord’s behalf, unless it is due to the negligence or breach of contract by Curchods. For the avoidance of any doubt Curchods reserves the right to have work carried out on the Landlord’s behalf and to charge for that work to ensure that the Landlord fulfils all contractual and statutory obligations as a landlord. If any Notice is served on Curchods under the Housing Health and Safety Rating Scheme of the Housing Act 2004 requiring Curchods to carry out any work, repairs or maintenance of the Property the Landlord will reimburse Curchods promptly on written demand for all costs expenses and fees incurred.
Reimbursement of the Agent. As consideration for the delivery of this Amendment No. 3 by the Agent, Lead Arranger, Syndication Agent, Documentation Agent and the Banks, the Borrower shall reimburse, indemnify and hold Agent harmless for the reasonable fees and actual costs and expenses incurred by the Agent for the services of legal professionals engaged by the Agent in connection with the negotiation and preparation of this Amendment No. 3. With respect to any amount required to be reimbursed by the Borrower pursuant to the foregoing provision of this Paragraph 5.8, it is hereby agreed that the Agent may charge any such amount to the Revolving Credit on the dates such reimbursement is made.
Reimbursement of the Agent. (a) The Lenders, severally, agree to indemnify the Agent (to the extent not reimbursed by the Borrower or from the income or proceeds of the sale of any of the Collateral) from and against any and all liabilities, obligations, losses, damages, penalties, actions, suits, judgments, court costs and other out-of-pocket costs and expenses of any kind or nature whatsoever (hereinafter called, collectively, “Expenses”) which may be imposed on, incurred by or asserted against the Agent, as such, in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by the Agent under this Agreement or any other Loan Document, provided that no Lender shall be liable for any portion of such Expenses resulting from the gross negligence or willful misconduct of the Agent hereunder.
(b) The Agent shall not be required to expend any of its own money to make up the full amount of any Advance requested by the Borrower hereunder, or otherwise or incur any expense as a consequence of the failure of any Lender to make available to the Agent any Advance which the Lenders have become obliged to make hereunder. Should such a failure occur and the Agent shall nevertheless have advanced money of its own or incur expense in order to make up the full amount of any such Advance, it shall be deemed to have done so at the request of any Lender which is in default, unless such Lender shall have previously notified the Agent that it should not make such an advance or incur such an expense to make good such failure, and in the absence of such prior notice, such Lender shall be obliged to pay to the Agent on demand the amount expended by the Agent out of its own funds plus any costs incurred by the Agent to carry such funds while such Lender is in default to the Agent hereunder, all of which shall constitute a loan by the Agent to such Lender. During the continuance of any such default as between the Agent and such Lender, and notwithstanding anything elsewhere herein to the contrary expressed or implied, the principal amount of Indebtedness in respect of Advance made by such Lender in default shall be deemed to be reduced, so long as the default continues, by the amount not remitted by it to the Agent to make up such Lender’s share of the amount of such Advance and such principal amount and interest thereon shall be deemed assigned to and collectible by the Agent for its own account for application against the amount of its claim under the prec...
Reimbursement of the Agent. You will keep us reimbursed and indemnified for and against any claim, damage, expense or liability whether criminal or civil suffered by us from and during the time that we are or were acting on your behalf unless it is due to our negligence or breach of contract. For the avoidance of any doubt, we reserve the right to have work carried out on your behalf and to charge you for that work to ensure that you fulfil your contractual and statutory obligations as a Landlord. If any Notice is served on the Agent under the Housing Health and Safety Rating Scheme of the Housing Act 2004 requiring the Agent to carry out any work, repairs or maintenance of the Property the Landlord will reimburse the Agent promptly on demand for all costs, expenses and fees incurred.
Reimbursement of the Agent. Each Lender further agrees to reimburse Agent, in accordance with its Pro Rata Share, for any reasonable out-of-pocket costs or expenses incurred by Agent in connection with its duties under this Agreement (including, but not limited to, reasonable fees and disbursements of counsel, travel and living expenses away from home of employees or agents of the Agent and compensation of agents or of experts employed by the Agent to render services for the Lenders hereunder), but only to the extent such fees, disbursements, expenses and compensation have not been reimbursed to the Agent by Borrower after commercially reasonable attempt by Agent to collect such amounts from Borrower, Guarantor or any guarantor of the Obligations (which attempts need not include the commencement of any judicial proceeding). If any such sums are reimbursed to the Agent by Borrower after one or more of the Lenders have reimbursed the Agent for such sums, the Agent will refund such sums ratably to the Lenders who contributed such sums.