Common use of Agent's Reimbursement and Indemnification Clause in Contracts

Agent's Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably in proportion to their respective Pro Rata Shares as of the date of any demand by the Agent with respect thereto: (i) for any reasonable expenses incurred by the Agent, on behalf of the remaining Lenders, in connection with the preservation or protection of the Collateral or the validity, perfection or priority of the enforcement of this Agreement against the Debtor; and (ii) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of this Agreement.