Common use of Costs, Expenses and Indemnification Clause in Contracts

Costs, Expenses and Indemnification. (a) The Borrower agrees to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agents in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agents (including the allocated time charges of each Agent's legal departments, as their respective internal counsel) with respect thereto and with respect to advising the Agents as to their rights and responsibilities under this Agreement. The Borrower further agrees to pay promptly on demand all costs and expenses of the Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 8.04(a). Such expenses shall be reimbursed by the Borrower upon a presentation of statement of account, regardless of whether Closing Date occurs.

Appears in 2 contracts

Samples: Credit Agreement (Dial Corp /New/), Credit Agreement (Dial Corp /New/)

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Costs, Expenses and Indemnification. (a) The Borrower agrees agrees, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agents Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agents Administrative Agent (including the allocated time charges of each the Administrative Agent's legal departments, as their respective internal counsel) with respect thereto and with respect to advising the Agents Administrative Agent as to their its rights and responsibilities under this Agreement. The Borrower further agrees to pay promptly on demand all costs and expenses of the Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 8.04(a). Such expenses shall be reimbursed by the Borrower upon a presentation of statement of account, regardless of whether Closing Date occurs.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/), Hormel Foods Corp /De/

Costs, Expenses and Indemnification. (a) The Borrower agrees Borrowers jointly and severally agree, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agents Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agents Administrative Agent (including the allocated time charges of each the Administrative Agent's legal departmentsdepartment, as their respective its internal counsel) with respect thereto and with respect to advising the Agents Administrative Agent as to their its rights and responsibilities under this Agreement. The Borrower Borrowers further agrees jointly and severally agree to pay promptly on demand all costs and expenses of the Agents Administrative Agent and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder or thereunderhereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 8.04(a9.04(a). Such expenses shall be reimbursed by the Borrower upon a presentation of statement of account, regardless of whether Closing Date occurs.

Appears in 2 contracts

Samples: Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase Inc)

Costs, Expenses and Indemnification. (a) The Borrower agrees agrees, regardless of whether the Effective Date occurs, to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agents Administrative Agent in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agents Administrative Agent (including the allocated time charges of each the Administrative Agent's ’s legal departments, as their respective internal counsel) with respect thereto and with respect to advising the Agents Administrative Agent as to their its rights and responsibilities under this Agreement. The Borrower further agrees to pay promptly on demand all costs and expenses of the Agents and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 8.04(a). Such expenses shall be reimbursed by the Borrower upon a presentation of statement of account, regardless of whether Closing Date occurs.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)

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Costs, Expenses and Indemnification. (a) The Borrower agrees Borrowers jointly and severally agree to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agents and the Arranger in connection with the preparation, execution, delivery, administration, syndication, modification and amendment of this Agreement, and the other documents to be delivered hereunder or thereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agents and the Arranger (including the allocated time charges of each Agentthe Agents' and the Arranger's legal departments, as their respective internal counsel) with respect thereto and with respect to advising the Agents and the Arranger as to their rights and responsibilities under this Agreement. The Borrower Borrowers further agrees agree to pay promptly on demand all costs and expenses of the Agents Agents, the Arranger and of each Lender, if any (including, without limitation, reasonable counsel fees and out-of-pocket expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder or thereunder, including, without limitation, reasonable counsel fees and out-of-pocket expenses in connection with the enforcement of rights under this Section 8.04(a9.04(a). Such expenses shall be reimbursed by the Borrower Borrowers upon a presentation of statement of account, regardless of whether the Closing Date occurs.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

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