Common use of Agent Agreement Clause in Contracts

Agent Agreement. The Agent agrees that it will indemnify and hold the Bank harmless from any and all loss, liability, expense or damage that the Bank may incur in processing lockbox items in accordance with this Agreement, including, without limitation, any loss that the Bank experiences as a result of returned items to the extent the balances in the Depository Account referenced in paragraph 4 are insufficient to cover such losses or in the event the balances in such Depository Account are insufficient to cover the Bank charges referenced in paragraph 8.

Appears in 2 contracts

Samples: Credit Agreement (MST Enterprises Inc), Credit Agreement (Fresh Foods Inc)

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Agent Agreement. The Agent agrees that it will indemnify and hold the Bank harmless from any and all loss, liability, expense or damage that the Bank may incur in processing lockbox items in accordance with this Agreement, including, without limitation, any loss that the Bank experiences as a result of returned items to the extent the balances in the Depository Lender Account referenced in paragraph 4 5 are insufficient to cover such losses or in the event the balances in such Depository Lender Account are insufficient to cover the Bank charges referenced in paragraph 8.

Appears in 1 contract

Samples: Credit Agreement (FWT Inc)

Agent Agreement. The Agent agrees that it will indemnify and hold the Bank harmless from any and all loss, liability, expense or damage that the Bank may incur in processing lockbox items in accordance with this Agreement, including, without limitation, limitation any loss that the Bank experiences as a result of returned items to the extent the balances in the Depository Lender Account referenced in paragraph 4 5 are insufficient to cover such losses or in the event the balances in such Depository Lender Account are insufficient to cover the Bank charges referenced in paragraph 8.

Appears in 1 contract

Samples: Lockbox Agreement (FWT Inc)

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Agent Agreement. The Agent agrees that it will indemnify and hold the Bank harmless from any and all loss, liability, reasonable expense or damage that the Bank may incur in processing lockbox items in accordance with this Agreement, including, without limitation, any loss that the Bank experiences as a result of returned items to the extent the balances in the Depository Lender Account referenced in paragraph 4 5 are insufficient to cover such losses or in the event the balances in such Depository Lender Account are insufficient to cover the Bank charges referenced in paragraph 8.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Medical Inc)

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