Common use of Expenses; Indemnity Clause in Contracts

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.

Appears in 4 contracts

Samples: Credit Agreement (Advanced Disposal Services, Inc.), Credit Agreement (ADS Waste Holdings, Inc.), Senior Secured Credit Agreement (Advanced Disposal Services Glacier Ridge Landfill, LLC)

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Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement, the Issuing Bankother Loan Documents and the Parent Guarantee, or by the Agents, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and Agreement, the other Loan Documents or and the Parent Guarantee, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided, in the case of an actual or perceived that, absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or the Parent Guarantee or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries or any Indemnitee initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by in a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of this Agreement, any of the Loan Documents or the Parent Guarantee or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith, material breach of this Agreement, any of the Loan Documents or the Parent Guarantee or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or would have arisen as against the Indemnitee regardless of this Agreement, any other Loan Document or the Parent Guarantee or any Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of the officers, directors, employees, agents, advisors any information or other representative of any of materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement, the foregoing, in each case, acting at other Loan Documents or the direction Parent Guarantee or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Indemnitee as determined by in a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or Agreement, any other Loan Document or the Parent Guarantee, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes.

Appears in 3 contracts

Samples: Amendment (Crestwood Equity Partners LP), Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Equity Partners LP)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers Arranger (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers Arranger (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with the Engagement Letter, the Fee Letter, this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including (i) the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxx Xxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, (ii) in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a any other single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Arranger and the Lenders (and each of their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable fees, disbursements and other charges counsel (which is limited to one firm of any environmental consultant and one counsel for all such Indemnitees taken as a whole and, if necessary, one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (such Indemnitees, taken as a whole and, in the case of an actual or perceived conflict of interest, interest where the Borrower is informed Indemnitees affected by such conflict inform the Administrative Agent of such conflict by the affected Indemnitees and such affected Indemnitees thereafter retain their own counsel, of another firm of counsel for each group of affected Indemniteescounsel) and consultant or other expert fees, similarly situatedcharges and disbursements, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or predecessors or any property currently or formerly owned, leased or operated by the Loan Parties, Parties or any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or any other Person); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (xi) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (yii) a material breach of such Indemnitee’s funding obligations pursuant to Sections 2.01 and 2.02, or (iii) any claims or any litigation or other proceeding that does not involve an act or omission of the Borrower or any of its obligations under this Agreement as determined Affiliates and is brought by a court of competent jurisdiction in a final and non-appealable decision by such an Indemnitee or (z) any dispute among Indemnitees against another Indemnitee (other than a dispute involving claims any claim, litigation or other proceeding brought against the Arranger, Administrative Agent, the Swingline Lender Agent or the Issuing Bank, Collateral Agent in each case in their respective capacitates its capacity as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. liabilities and related expenses arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers Arranger (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers Arranger (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; (including any such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers Arranger (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower shall not assert, and the Borrower hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents Documents, or by the Administrative Agent or the Collateral Agent in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderthereof, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for to the Administrative Agent, the Collateral Agent and the Collateral AgentArranger, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of one local counsel per jurisdiction, and (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Agents or any Lender in connection with the enforcement of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the fees, charges and disbursements of a single counsel for all such persons, taken as a whole, and, if necessary, a single local counsel in each appropriate jurisdiction (which may include for all such persons, taken as a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) whole (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the Borrower is informed of such conflict by and thereafter retains its own counsel with the affected Lenders and such affected Lenders retain their own counselBorrower’s prior written consent (not to be unreasonably withheld), of another firm of counsel such for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Arranger, the Bookrunner, each Issuing Bank, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where the Indemnitee affected by such conflict informs the Borrower is informed of such conflict by and thereafter retains its own counsel with the affected Indemnitees and such affected Indemnitees retain their own counselBorrower’s prior written consent (not to be unreasonably withheld), of another firm of counsel for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, (iii) any violation of or liability under Environmental Liability related in any way to Laws by the Loan Parties, any of their respective subsidiaries Borrower or any Subsidiary, (iv) any actual or alleged presence, Release or threatened Release of or exposure to Hazardous Materials at, under, on, from or to any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Borrower or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (ivv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (y) arose from a material breach of such Indemnitee’s or any of its Related Parties’ obligations under this Agreement any Loan Document (as determined by a court of competent jurisdiction in a final and final, non-appealable decision by such Indemnitee judgment) or (z) arose from any dispute among Indemnitees claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the Borrower or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against any Agent or an Arranger, in its capacity as such). None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Fund, Holdings, the Borrower or any of their respective subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a dispute involving claims against result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Swingline Lender any Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within 15 days after written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in each case in their respective capacitates as such). This Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to any Taxes (other than any Taxes that represent losses, claims, damages, etc. arising liabilities and related expenses resulting from any a non-Tax claim. (c) To ), which shall be governed exclusively by Section 2.17 and, to the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentset forth therein, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)2.15. (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing Bank. All amounts due under , the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 3 contracts

Samples: Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower hereby agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication and distribution (including via the internet or through a service such as Intralinks) of the Credit Facilities and credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents Documents, or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, one primary counsel for the Administrative Agent, the Collateral Agent and the Collateral AgentArrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of one local counsel per jurisdiction, (ii) all reasonable and documented out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Agents, any Issuing Bank or any Lender in connection with the enforcement of their rights in connection with this Agreement and any other Loan Document, in connection with the Loans made or the Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit and including (but limited in the case of fees, charges and disbursements of counsel to) the fees, charges and disbursements of a single counsel for the Agents, Lenders and the Issuing Banks, taken as a whole, and, if necessary, a single local counsel in each appropriate jurisdiction and (which may include if appropriate) a single special regulatory counsel acting in multiple jurisdictions) for the Administrative Agentall such persons, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their thereafter retains its own counsel, of another firm of counsel for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Arrangers, each Co-Documentation Agent, each Issuing Bank, each Lender, the Issuing Bank each of their respective Affiliates, successors and assigns, and each of their respective Related Party of any of the foregoing Persons Parties (each such Person person being called an “Indemnitee”) ), against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single local counsel in each appropriate jurisdiction and (which may include if appropriate) a single special regulatory counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where the Indemnitee affected by such conflict informs the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their thereafter retains its own counsel, of another firm of counsel for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations hereunder and thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) any Loan or Letter of Credit or the proposed use of proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the proceeds documents presented in connection with such demand do not strictly comply with the terms of the Loans or issuance of Letters such Letter of Credit), (iii) any violation of or liability under Environmental Liability Laws related in any way to the Loan Parties, any of their respective subsidiaries Borrower or any Subsidiary, (iv) any actual or alleged presence, Release or threatened Release of or exposure to Hazardous Materials at, under, on, from or to any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Borrower or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (ivv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of, or a material breach of obligations under this Agreement or the other Loan Documents by, such Indemnitee or any of its controlled Affiliates Related Parties or (y) arose from any claim, action, suit, inquiry, litigation, investigation or proceeding that does not involve an act or omission of the Borrower or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than any claim, action, suit, inquiry, litigation, investigation or proceeding against any Agent, Co-Documentation Agent or Arranger in its capacity as such). None of the officersIndemnitees (or any of their respective affiliates) shall be responsible or liable to the Borrower or any of its subsidiaries, directorsAffiliates or stockholders or any other person or entity for any special, employeesindirect, agentsconsequential or punitive damages which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, advisors or other representative the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each casethe occurrence of the Termination Date, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations under this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender any Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within 15 days after written demand therefor accompanied by reasonable documentation with respect to any reimbursement, in each case in their respective capacitates as such). indemnification or other amount requested. (c) This Section 9.05(b) 9.05 shall not apply with respect to any Taxes other than any Taxes that represent losses, claims, damages, etc. arising liabilities and expenses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems (including the internet) in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral AgentAgent or any Issuing Bank, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations, the occurrence of the Termination Date and the termination of this Agreement, any Lender other Loan Document or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforany provision hereof or thereof.

Appears in 3 contracts

Samples: Credit Agreement (CMC Materials, Inc.), Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (EDGEWELL PERSONAL CARE Co)

Expenses; Indemnity. (a) The Each Borrower agrees to pay all reasonable and properly documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxxxxx & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such amendment, modification or waiver or any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and Agent or any Lender. Each Borrower further agrees that it shall indemnify the Lenders (from and their respective Affiliates) (andhold them harmless against any documentary taxes, in assessments or charges made by any Governmental Authority by reason of the case execution and delivery of an actual this Agreement or perceived conflict any of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)other Loan Documents. (b) The Each Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, any of their respective Affiliates that have made Loans as provided in Section 2.02(b) and the Issuing Bank respective directors, officers, employees and each Related Party of any agents of the foregoing Persons persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the actual or proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether commenced by a Borrower, any of its Affiliates or any other person and whether or not any Indemnitee is a party thereto or (and regardless iv) any actual or alleged presence or release of whether such matter is initiated by a third party Hazardous Materials on or from any property currently or formerly owned or operated by the BorrowerBorrower or its Subsidiaries, any other Loan Party or any of their respective Affiliates)Environmental Liability related in any way to the Borrower or its subsidiaries; provided that such the indemnity set forth in this Section 10.05(b) shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses either (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material resulted from the breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees of its Affiliates of any of such person’s agreements under this Agreement or any other Loan Document (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, unintentional breaches that are corrected promptly after such Indemnitee becomes aware that it is in each case in their respective capacitates as suchbreach). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, the Borrower Borrowers shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in Section 10.05(b) shall be liable for any damages arising from the use by unintended or unauthorized recipients of any information or other materials distributed by it through telecommunications, electronic or other similar information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (ed) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Credit Agreement (Harsco Corp), Credit Agreement (Harsco Corp), Credit Agreement (Harsco Corp)

Expenses; Indemnity. (a) The Borrower Alcoa agrees to pay or cause one or more other Borrowers to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protectionenforcement, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and Agent or any Lender. Alcoa further agrees to indemnify or cause one or more other Borrowers to indemnify the Lenders (from and their respective Affiliates) (andhold them harmless against any documentary taxes, in assessments or charges made by any Governmental Authority by reason of the case execution and delivery of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)this Agreement. (b) The Borrower Alcoa agrees to indemnify or cause one or more other Borrowers to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective Affiliates, directors, officers, employees and agents (each such Person person being called an “Indemnitee”) against, and to hold or cause one or more other Borrowers to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyhereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee Indemnitee. The Administrative Agent and each Lender agrees to promptly notify Alcoa of any claims relating to clauses (i), (ii) or any of its controlled Affiliates or any (iii) of the officersnext preceding sentence; provided, directorshowever, employees, agents, advisors or other representative of that any of the foregoing, in each case, acting at the direction of failure to deliver any such Indemnitee, (y) a material breach of any of notice shall not relieve Alcoa from its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or paragraph (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as suchb). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Agreement, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc)

Expenses; Indemnity. (a) The Borrower agrees Borrowers jointly and severally agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) reasonably incurred by the Administrative Agent, the Collateral Agent, Agent and the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Bank in connection with the syndication of the Credit Facilities negotiation and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of, or any consents with respect to, any of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for or reasonably incurred by the Administrative Agent, the Collateral Agent, Agent or the Issuing BankBank in connection with the administration of this Agreement or any other Loan Document (including, without limitation, in connection with any audit of the Swingline Lender and the Arrangers (and each of their respective AffiliatesBorrowing Base) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) reasonably incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Issuing Bank or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the or any other Loan Documents Document or in connection with the Loans made or the Notes or Letters of Credit issued hereunderhereunder (excluding, including however, those costs and expenses arising from any proceeding solely between one or more Lenders to which neither Borrower is a party) including, but not limited to, the reasonable fees, charges fees and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLPMoorx, xxecial counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges fees and disbursements of a single other counsel for any Lender, including allocated staff counsel costs. The Borrowers further jointly and severally agree to indemnify the Lenders from and hold them harmless against any documentary taxes, assessments or charges made by any Governmental Authority by reason of the execution and delivery of this Agreement or any of the Notes or any of the other Loan Documents. The provisions of this Section 9.04 shall be in addition to and not in limitation of or substitution for NWS's obligations 117 112 with respect to fees and expenses contained in the separate agreements between NWS and Chemical Bank. (b) The Borrowers jointly and severally agree to indemnify each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for of the Administrative Agent, the Collateral Agent, the Arrangers Issuing Bank and the Lenders (and their respective Affiliates) (anddirectors, in the case of an actual or perceived conflict of interestofficers, where the Borrower is informed of such conflict by the affected Lenders employees and such affected Lenders retain their own counselagents against, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees and to indemnify hold the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each Lenders and such Person being called an “Indemnitee”) against, and to hold each Indemnitee persons harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket counsel fees and expenses (including reasonable feesexpenses, disbursements and other charges incurred by or asserted against any of any environmental consultant and one counsel for all Indemnitees andthe Administrative Agent, if necessarythe Collateral Agent, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (andthe Issuing Bank, in the case of an actual Lenders or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee persons arising out of, in any way connected with, or as a result of (i) this Agreement, the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument Documents and the other documents contemplated therebyhereby, the performance by the parties hereto and thereto of their respective obligations hereunder and thereunder or (including but not limited to the making of the Commitments) and consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby and thereby, (ii) the proposed use any Environmental Liabilty or any related or unrelated liability attributable to Hazardous Materials generated, used, handled, transported, stored, treated or disposed of the proceeds by or on behalf of the Loans any Loan Party or issuance any previous owner of Letters its property or any Hazardous Materials released from, on or about any property of Creditany Loan Party, or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding proceedings relating to any of the foregoing, whether or not any Indemnitee such person is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any IndemniteeLender, be available apply to the extent that any such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted arising from (xA) the gross negligence, bad faith or willful misconduct of any unexcused breach by such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach Lender of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (zB) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender gross negligence or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimwillful misconduct of such Lender. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 9.04, Sections 2.13 and 2.19 and Article VIII shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement Agreement, any Note or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankLender. All amounts due under this Section 9.05 9.04 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co)

Expenses; Indemnity. (a) The Borrower Alcoa agrees to pay or cause one or more other Borrowers to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLPXxxxx, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protectionenforcement, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and Agent or any Lender. Alcoa further agrees to indemnify or cause one or more other Borrowers to indemnify the Lenders (from and their respective Affiliates) (andhold them harmless against any documentary taxes, in assessments or charges made by any Governmental Authority by reason of the case execution and delivery of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)this Agreement. (b) The Borrower Alcoa agrees to indemnify or cause one or more other Borrowers to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective Affiliates, directors, officers, employees and agents (each such Person person being called an "Indemnitee") against, and to hold or cause one or more other Borrowers to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyhereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee Indemnitee. The Administrative Agent and each Lender agrees to promptly notify Alcoa of any claims relating to clauses (i), (ii) or any of its controlled Affiliates or any (iii) of the officersnext preceding sentence; provided, directorshowever, employees, agents, advisors or other representative of that any of the foregoing, in each case, acting at the direction of failure to deliver any such Indemnitee, (y) a material breach of any of notice shall not relieve Alcoa from its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or paragraph (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as suchb). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Agreement, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc), Credit Agreement (Alcoa Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided, in the case of an actual or perceived that, absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Syndication Agents, the Co-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Commitment Letter, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries or any Indemnitee initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of this Agreement or any of the Loan Documents or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction to have resulted from the gross negligence, bad faith, material breach of this Agreement or any of the Loan Documents or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or would have arisen as against the Indemnitee regardless of this Agreement or any other Loan Document or any Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of the officers, directors, employees, agents, advisors any information or other representative of any of materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the foregoing, in each case, acting at other Loan Documents or the direction transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Indemnitee as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of the Commitment Letter, this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes.

Appears in 3 contracts

Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Midstream Partners LP)

Expenses; Indemnity. (a) The Borrower agrees (i) to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Bank and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that including the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel (provided that reimbursement of legal fees shall be limited to one form of counsel for all such Persons collectively (which in the case of this clause (i), shall be Cravath, Swaine & Xxxxx, LLP, counsel for the Administrative Agent, Agent and the Collateral AgentAgent and (x) a single local counsel in each relevant jurisdiction and one or more special counsel and (y) in the case of a conflict of interest, the Issuing Bankone additional counsel to each group of affected parties and one additional local counsel in any relevant jurisdiction and special counsel, the Swingline Lender and the Arrangers (and each of their respective Affiliatesif applicable) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) to pay all reasonable and documented out-of-pocked expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with the Transaction Letters, this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and each of their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lenderthe Issuing Bank, the Issuing Bank Arrangers, each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of counsel for the Indemnitees collectively and a single local counsel in each appropriate relevant jurisdiction (which may include a single and one or more special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by one additional counsel to the affected Indemnitees Indemnitee and such affected Indemnitees retain their own one additional local counsel in each relevant jurisdiction and one or more special counsel), of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or predecessors or any property currently or formerly owned, leased or operated by the Loan Parties, Parties or any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or any other Person); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or its Related Parties or (B) arise out of or in connection with any claim that does not involve any act or omission by the Borrower or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) and is a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute solely among Indemnitees (other than a dispute involving claims any claim against the Administrative an Agent, the Swingline Lender Arranger, bookrunner, or the Issuing Banksyndication agent, each in each case in their respective capacitates its capacity as such). Notwithstanding the foregoing, in no event shall the Borrower have any liability with respect to the settlement or compromise of any claim or proceeding effected without the Borrower’s prior written consent; provided, however, that if at any time an Indemnitee shall have requested that the Borrower reimburse such Indemnitee for legal or other expenses in connection with investigating, responding to or defending any proceeding covered by this Section 9.05, the Borrower shall be liable for any settlement of any proceeding effected without the Borrower’s prior written consent if (x) such settlement is entered into more than 30 days after receipt by the Borrower of such written request for reimbursement and (y) the Borrower shall not have reimbursed such Indemnitee in accordance with such written request prior to the date of such settlement. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. liabilities and related expenses arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; (including any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to such unpaid amount owed to the Issuing Bank solely in its capacity as such, only the Revolving Credit Lenders shall be required to pay such unpaid amount; such payments to be made in accordance with their Pro Rata Percentages; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, (i) the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, and (ii) each Agent and each Lender shall not assert, and hereby waives any claim against the Borrower, in each case of clauses (i) and (ii), on any theory of liability, liability for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofthereof (except, in the case of clause (ii), for any liability of the Borrower under this Section 9.05 in respect of any such damages incurred or paid by such Person to a third party). (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 3 contracts

Samples: Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable and documented fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, if reasonably necessary (as determined by the Administrative Agent in consultation with the Borrower), one single regulatory counsel and one local counsel in each relevant jurisdiction for the Administrative Agent, in connection with the preparation of this Agreement and the other Loan Documents (or any such enforcement amendments, modifications or protectionwaivers of the provisions hereof) and by the Administrative Agent or the Joint Lead Arrangers in connection with the syndication of the Commitments or Loans or the administration of this Agreement and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the reasonable Issuing Banks and the Lenders, including, without limitation, the fees, charges and disbursements of one firm of counsel for the Administrative Agent and the Joint Lead Arrangers, the Issuing Banks and the Lenders, taken as a whole, in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, including their rights under this Section, or any other Loan Document or in connection with the Loans made hereunder or the Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans, and if reasonably necessary, one single regulatory counsel and one local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the party affected by such conflict, informs the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their thereafter retains its own counsel, of another firm of counsel for each group of such affected LendersPerson and, similarly situatedif necessary, taken as a whole)one local counsel in each relevant jurisdiction. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentJoint Lead Arrangers, each Issuing Bank, each Lender, the Issuing Bank and affiliates of each Related Party of any of the foregoing Persons and each of their respective directors, trustees, officers, employees, representatives, advisors and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether or not such matter claim, litigation, investigation or proceeding is initiated by a third party or brought by the Borrower, its affiliates or a third party; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted solely by reason of the gross negligence or willful misconduct of such Indemnitee, (y) are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted solely by reason of a material breach by such Indemnitee, or (z) arose from any claim, litigation, investigation or other proceeding (other than a claim, litigation, investigation or other proceeding against the Agent, any Joint Lead Arranger, any Issuing Bank, any Swingline Lender or any Person acting in a similar capacity, in each case, acting pursuant to the Loan Party Documents or in its capacity as such or of any of its Affiliates or its or their respective officers, directors, employees, agents, advisors and other representatives and the successors of each of the foregoing) solely between or among Indemnitees that does not arise from any act or omission by the Borrower or any of its Affiliates; provided, further, that the Administrative Agent, the Issuing Banks, the Swingline Lender and the Joint Lead Arrangers to the extent fulfilling their respective Affiliatesroles as an agent or arranger under the Revolving Facility and in their capacities as such, shall remain indemnified in respect of such claim, litigation, investigation or other proceeding, to the extent that none of the exceptions set forth in clauses (x) or (y) of the immediately preceding proviso apply to such person at such time. Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and the Borrower or any Subsidiary, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Property; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or Related Parties. The Borrower shall not be liable for any of the officers, directors, employees, agents, advisors or other representative settlement of any of proceeding referred to in this Section 9.05 effected without its written consent (which consent shall not be unreasonably withheld, conditioned or delayed), but if (x) settled with such consent or if there shall be a final judgment for the foregoing, in each case, acting at the direction of such Indemnitee, plaintiff or (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that if the Borrower fails shall have been offered an opportunity to pay any amount required to be paid by them to assume the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) defense of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” matter and shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawhave declined to do so, the Borrower shall not assertindemnify the Indemnitees from and against any loss or liability by reason of such settlement or judgment, and hereby waivessubject to the Borrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall not, any claim against without the prior written consent of any Indemnitee, effect any settlement of any pending or threatened proceeding in respect of which such Indemnitee is or could have been a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (i) includes an unconditional release of such Indemnitee from all liability or claims that are the subject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any theory Indemnitee. None of liabilitythe Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Borrower or any of their respective subsidiaries, Affiliates or stockholders or any other Person or entity for any consequential, special, indirect, consequential indirect or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or which may be alleged as a result of, this Agreement of the Revolving Facility or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) . The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (c) This Section 9.05 shall not apply to Taxes other than any Taxes that represent losses, claims, damages, liabilities, or expenses arising from any non-Tax claim. (d) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Bank, any Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such Issuing Bank, such Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Revolving Facility Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to such unpaid amounts owed to any Issuing Bank or Swingline Lender solely in its capacity as such, only the Revolving Facility Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving Facility Lenders’ Revolving Facility Credit Exposure (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) provided, further, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), such Issuing Bank or such Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), such Issuing Bank or any such Swingline Lender in connection with such capacity.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Nuance Communications, Inc.), Revolving Credit Agreement (Nuance Communications, Inc.), Revolving Credit Agreement (Nuance Communications, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one outside counsel and, if necessary one local counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, hereunder (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeper relevant jurisdiction). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any their respective Affiliates, successors and assigns and the directors, trustees, officers, employees, advisors, controlling persons and agents of each of the foregoing Persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees costs and related expenses (including reasonable documented fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees Xxxxxxx Xxxxxxx & Xxxxxxxx LLP and, if necessary, one firm of local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situatedAgents, taken as a whole, in each relevant jurisdiction) of incurred by or asserted against any such Indemnitee arising out of, in any way connected withrelating to, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses (x) are determined by a judgment of a court of competent jurisdiction to have resulted by reason of the gross negligence, bad faith or willful misconduct of, or breach by, such Indemnitee (or its Related Parties), (y) arise out of any claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (or its Related Parties) (other than any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of the Borrower or any of its Affiliates and arises out of disputes among the Lenders and/or their transferees. Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable out-of-pocket documented costs and reasonable out-of-pocket costs and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel, plus, if necessary, one local counsel in each relevant jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Property, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of of, or breach by, such Indemnitee or any of its controlled Affiliates Related Parties. The Borrower shall not be liable for any settlement of any proceeding referred to in this Section 9.05 effected without the Borrower’s written consent (such consent not to be unreasonably withheld or delayed); provided, however, that the Borrower shall indemnify the Indemnitees from and against any loss or liability by reason of such settlement if the Borrower was offered the right to assume the defense of such proceeding and did not assume such defense or such proceeding was settled with the written consent of the officersBorrower, directors, employees, agents, advisors or other representative of any of the foregoingsubject to, in each case, acting at the direction of Borrower’s right in this Section 9.05 to claim an exemption from such Indemnitee, (y) a material breach of indemnity obligations. The Borrower shall indemnify the Indemnitees from and against any of its obligations under this Agreement as determined by a court of competent jurisdiction final judgment for the plaintiff in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, proceeding referred to in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay subject to the Administrative AgentBorrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall not, without the Collateral Agentprior written consent of any Indemnitee, the Issuing Bank, the Swingline Lender effect any settlement of any pending or the Arrangers threatened proceeding in respect of which such Indemnitee is a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is soughti) includes an unconditional release of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, Indemnitee from all liability or related expenseclaims that are the subject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, as the case may be, was incurred culpability or a failure to act by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each on behalf of their respective Affiliates) in its capacity as suchany Indemnitee. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, each party hereto hereby waives for itself (and, in the Borrower shall not assertcase of the Borrower, and hereby waives, for each other Loan Party) any claim against any IndemniteeLoan Party, any Lender, any Agent and their respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, or as a result of, or in any way related to, this Agreement or any Loan Document or any agreement or instrument contemplated herebyhereby or thereby or referred to herein or therein, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. thereof or any act or omission or event occurring in connection therewith, and each party hereto (eand in the case of the Borrower on behalf of each other Loan Party) hereby waive, release and agree not to xxx upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the LoansObligations, the expiration termination of the Commitments, the expiration of any Letter Letters of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes.

Appears in 2 contracts

Samples: Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)

Expenses; Indemnity. (a) The SSCC and the Borrower agrees agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral AgentArrangers and their Affiliates (including the reasonable fees, charges and disbursements of one counsel to the Issuing Bank, the Swingline Lender Administrative Agent and the Arrangers (taken as a whole and, if necessary, of bankruptcy counsel and each of their respective Affiliatesone local counsel and one regulatory counsel in any jurisdiction) in connection with the syndication of the Credit Facilities preparation, negotiation, execution and the preparation and administration delivery of this Agreement and the other Loan Documents (including all costs relating to due diligence) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, hereunder (including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, a single lead counsel for to the Administrative Agent and the Collateral Agent, and, in connection with any Lenders and such enforcement or protection, local and regulatory counsel as may reasonably be deemed necessary by the reasonable fees, charges and disbursements of a single counsel Administrative Agent in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived a conflict of interest, where one additional counsel per affected party). SSCC and SSCE further agree to indemnify the Borrower is informed Administrative Agent and the Lenders from, and hold them harmless against, any documentary taxes, assessments or similar charges made by any Governmental Authority by reason of such conflict by the affected Lenders execution and such affected Lenders retain their own counsel, delivery of another firm this Agreement or any of counsel for each group of affected Lenders, similarly situated, taken as a whole)the other Loan Documents. (b) The SSCC and the Borrower agrees agree, jointly and severally, to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Agent and each Related Party Lender and each of any of the foregoing Persons their Affiliates and respective directors, officers, employees, trustees, advisors and agents (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or structuring, arrangement and the syndication of the Credit Facilities provided for herein, (ii) the preparation, execution, delivery and administration of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (iiiii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iiiiv) any actual or alleged presence or Release of Hazardous Materials on or from any property currently or formerly owned or operated by SSCC, the Borrower or any of the Subsidiaries or any of their respective predecessors or any other liability under any Environmental Liability Law related in any way to SSCC, the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Borrower or any of the Subsidiaries or to their respective predecessorsreal properties, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure assets or by a deed in lieu of foreclosure operations or (ivv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and whether initiated against or by any Indemnitee and whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee (or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as suchrelated parties). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, neither SSCC nor the Borrower shall not assert, or permit any of their Affiliates or related parties to assert, and each hereby waives, any claim against any IndemniteeIndemnitee (i) for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet), or (ii) on any theory of liability, liability for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result ofof this Agreement, this Agreement any other Loan Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactionstransactions contemplated hereby, any Loan or Letter of Credit or the use of the proceeds thereof. (ed) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days promptly after written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (SMURFIT-STONE CONTAINER Corp), Credit Agreement (Smurfit Stone Container Corp)

Expenses; Indemnity. (a) The Borrower agrees Borrowers jointly and severally agree to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each of their respective Affiliates) , including the reasonable fees, charges and disbursements of Cravath, Swaine & Xxxxx, counsel for the Administrative Agent, in connection with the syndication of the Credit Facilities and credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that (ii) all reasonable out-of-pocket expenses incurred by the Borrower shall not be responsible pursuant to this clause Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iiii) for the all reasonable fees, charges and disbursements of more than a single primary counsel for out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and (including its rights under this Section), the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable feesall such out-of-pocket expenses incurred during any workout, charges and disbursements restructuring or negotiations in respect of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agentsuch Loans or Letters of Credit, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and Issuing Bank or any Lender, provided, however, that the Lenders Borrowers shall not be obligated to pay for expenses incurred by a Lender in connection with the assignment of Loans to an assignee Lender (and their respective Affiliatesexcept pursuant to Section 2.21) (and, in or the case sale of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as Loans to a whole)participant pursuant to Section 10.04. (b) The Borrower agrees Borrowers jointly and severally agree to indemnify the Administrative Agent, the Collateral Agent, the Issuing Bank, each Lender, the Issuing Bank and each Related Party Affiliate of any of the foregoing Persons and each of their respective Related Parties (other than agents or advisors) (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented or invoiced out-of-pocket fees and expenses (expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties hereto or thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, or (and regardless iv) any actual or alleged presence or Release of whether such matter is initiated Hazardous Materials on any property owned or operated by a third party or by the Borrower, any other Loan Party CCSC or any of their respective Affiliates)the Subsidiaries, or any Environmental Liability or Environmental Claim related in any way to CCSC or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable expenses are determined arise (a) in connection with any action by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith any stockholder or willful misconduct of such Indemnitee or any of its controlled Affiliates or any creditor of the officers, directors, employees, agents, advisors Indemnitee (in its capacity as such) or other representative of any (b) by reason of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee ’s gross negligence or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimwilful misconduct. (c) To the extent that the any Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral either Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral such Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates)Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amountamount (other than syndication expenses); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral applicable Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall share”shall be determined based upon its share of the sum of the Aggregate total Revolving Credit ExposureExposures, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the no Borrower shall not assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Crown Cork & Seal Co Inc), Credit Agreement (Crown Cork & Seal Co Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the each Issuing Bank, the Swingline Lender and the Arrangers (each Lead Arranger and each Related Party of their respective Affiliates) any of the foregoing Persons in connection with the syndication of the Credit Facilities and the preparation preparation, execution, delivery and administration of this Agreement and the other Loan Credit Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) (but limited, that the Borrower shall not be responsible pursuant with respect to this clause (i) for legal expenses, to the reasonable and documented fees, disbursements and other charges of one single firm of primary counsel, one single firm of special counsel and disbursements one firm of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single additional local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or applicable jurisdiction) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (each Issuing Bank, each Lead Arranger, each Lender and each Related Party of their respective Affiliates) or any Lender of the foregoing Persons in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Credit Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, hereunder or in connection with any such enforcement refinancing or protectionrestructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (but limited, with respect to legal expenses, to the reasonable and documented fees, disbursements and other charges and disbursements of a one single counsel in each appropriate jurisdiction (which may include a single firm of primary counsel, one firm of special counsel acting in multiple jurisdictions) and one firm of additional local counsel for each applicable jurisdiction to the Administrative Agent, the Collateral Agent, the Arrangers each Issuing Bank and the Lenders (each Lead Arranger, taken as a whole, and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another one additional single firm of primary counsel and one firm of additional local counsel for each group of affected applicable jurisdiction to the Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lead Arranger, each Lender, the each Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, penalties, claims, damages, liabilities liabilities, obligations, fines and related expenses, including reasonable counsel fees, charges and disbursements (but limited, with respect to legal expenses, to the reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessarysingle firm of primary counsel, one firm of special counsel and one additional firm of local counsel in for each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all similarly situated Indemnitees (andit being agreed that, in the case of an any actual or perceived conflict of interestinterest between or among any Indemnitees, where the Borrower is informed of such conflict by the affected Indemnitees shall be deemed not to be similarly situated and each such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected IndemniteesIndemnitees shall be entitled to additional counsel as set forth herein), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of or by reason of (i) the execution or delivery of this Agreement or any other Loan Credit Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Credit Party or any of their respective Affiliates) or (iv) the actual or alleged presence of or exposure to Hazardous Materials in the indoor or outdoor air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries, the generation, storage, transportation, handling, Release or disposal of Hazardous Materials by the Borrower or any of its Subsidiaries at any location, whether or not owned, leased or operated by the Borrower or any of its Subsidiaries, the non-compliance by, or liability of or relating to, the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries with, relating to, or under any Environmental Law (including applicable permits thereunder), or any Environmental Claim threatened or asserted against or relating to the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the any Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) any Lead Arranger under paragraph (a) or (b) of this Section 9.05(including, without limitation, as a result of entering into of one or more MSR Acknowledgement Agreements), each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates)such Lead Arranger, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) such Lead Arranger in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential consequential, incidental or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Credit Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)

Expenses; Indemnity. (a) The Borrower agrees agrees, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agent and the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities Loans and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable and documented fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxx Xxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Agent or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons such persons respective officers, directors employees agents advisors representatives controlling persons members successors and permitted assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements charges and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessarydisbursements, one firm of counsel for the Indemnitees collectively and, if reasonably necessary, a single local counsel in each appropriate jurisdiction (which may include a single and one or more special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived a conflict of interest, where the Borrower is informed of such conflict by one additional counsel to the affected Indemnitees and such Indemnitee and, if reasonably necessary, one additional local counsel to the affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a wholeIndemnitee in any relevant jurisdiction)) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesLoans), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any actual or alleged presence or Environmental Liability related in any way Release of Hazardous Materials on, at, under, to the Loan Parties, any of their respective subsidiaries or from any property currently or formerly owned, leased or operated by the any Loan Parties, Party or any of their its respective subsidiaries, or any Environmental Notice or Environmental Liability related in any way to any Loan Party or any of its respective subsidiaries or any of their respective predecessorscurrent or former Properties or Real Estate, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the bad faith, material breach of this Agreement, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or its Related Parties or (B) arise out of or in connection with any claim that does not involve any act or omission by the Borrower or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) and is a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute solely among Indemnitees (other than a dispute involving claims claim against the Administrative an Agent, the Swingline Lender Lead Arranger or the Issuing BankBookrunner, each in each case in their respective capacitates its capacity as such). Notwithstanding the foregoing, in no event shall the Borrower have any liability with respect to the settlement or compromise of any claim or proceeding effected without the Borrower’s prior written consent; provided, however, if at any time an Indemnitee shall have requested that the Borrower reimburse such Indemnitee for legal or other expenses in connection with investigating, responding to or defending any proceeding covered by this Section 9.05, the Borrower shall be liable for any settlement of any proceeding effected without the Borrower’s prior written consent if (A) such settlement is entered into more than 30 days after receipt by the Borrower of such written request for reimbursement and (B) the Borrower shall not have reimbursed such Indemnitee in accordance with such written request prior to the date of such settlement. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, (i) the Borrower shall not assert, and hereby waives, any claim against any IndemniteeIndemnitee on any theory of liability and (ii) each Agent and each Lender shall not assert, and hereby waives, any claim against any of the Loan Parties on any theory of liability, in each case, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that this Section 9.05(d) shall not otherwise limit any indemnification obligations under the other provisions of this Section 9.05. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Neff Corp), Second Lien Credit Agreement (Neff Corp)

Expenses; Indemnity. (a) The Borrower agrees to shall pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Lead Arrangers and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Lead Arrangers and the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) taken as a whole (and, if reasonably necessary, one regulatory counsel and one local counsel in each relevant jurisdiction and, solely in the case of an actual or perceived conflict of interest, where additional counsel for similarly affected persons), in connection with the Borrower is informed preparation, execution, delivery and administration of such conflict this Agreement and any amendments, modifications or waivers of the provisions hereof and (ii) all reasonable and documented out-of-pocket expenses incurred by the affected Lenders Administrative Agent and such affected Lenders retain their own counselthe Lenders, limited to the reasonable fees, charges and disbursements of another firm of a single counsel for each group of affected the Administrative Agent and the Lenders, similarly situated, taken as a wholewhole (and, if reasonably necessary, one regulatory counsel and one local counsel in each relevant jurisdiction and, solely in the case of an actual or perceived conflict of interest, additional counsel for similarly affected persons), in connection with the enforcement of, or exercise of remedies in connection with, this Agreement. (b) The Borrower agrees to shall indemnify the Administrative AgentLead Arrangers, the Collateral Agent, Administrative Agent and each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claimsliabilities, damagescosts and related expenses, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable the fees, charges and disbursements and other charges of any environmental consultant and one a single counsel for all Indemnitees Indemnitees, taken as a whole, and, if reasonably necessary, one firm of a single local counsel and a single regulatory counsel to the Indemnitees in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, solely in the case of an actual or reasonably perceived conflict of interest, where of a single additional counsel to the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of similarly affected Indemnitees, similarly situated, taken as a whole) of , incurred by or asserted against any such Indemnitee arising out of, in any way connected connection with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto hereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereunder, (ii) any Loan or the proposed use of the proceeds of the Loans or issuance of Letters of Credittherefrom, (iii) the Transactions, (iv) any Environmental Liability related in any way to the Loan Parties, any actual or alleged presence or Release of their respective subsidiaries Hazardous Materials on or from any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Borrower or any of their respective predecessorsits Subsidiaries, including the Mortgaged Properties, except that or any Environmental Liability related in any way to the Borrower shall not be obligated to indemnify or any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure its Subsidiaries or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not such claim, litigation, investigation or proceeding is brought by the Borrower, any Lender or any other Person and whether based on tort, contract or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto; provided, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claimsliabilities, damages, liabilities costs or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (xi) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee, (ii) a material breach by such Indemnitee of its express funding obligations under this Agreement or (iii) disputes solely between and among the Indemnitees and not involving any act or omission by the Borrower or its Subsidiaries (excluding, in the case of this clause (iii), actions against the Administrative Agent or any of its controlled Affiliates other person in an agent or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoingarranger role), in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimTaxes. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, Agent such Lender’s pro rata share Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each such party hereby waives, any claim against any Indemniteeother party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. ; provided that, nothing in this clause (ed) The provisions shall relieve the Borrower of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Section 9.05 shall remain operative and in full force and effect regardless of Agreement or the expiration of the term of this Agreement, the consummation of other Loan Documents or the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity hereby or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforthereby.

Appears in 2 contracts

Samples: Credit Agreement (Synchrony Financial), Credit Agreement (Synchrony Financial)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, Agent the Issuing Bank, the Swingline Lender and the Arrangers (Arranger and each Related Party of their respective Affiliates) any of the foregoing Persons in connection with the syndication of the Credit Facilities and the preparation preparation, execution, delivery and administration of this Agreement and the other Loan Credit Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) (but limited, that the Borrower shall not be responsible pursuant with respect to this clause (i) for legal expenses, to the reasonable and documented fees, disbursements and other charges of one single firm of primary counsel, one single firm of special counsel and disbursements one firm of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single additional local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or applicable jurisdiction) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (Arranger, each Lender and each Related Party of their respective Affiliates) or any Lender of the foregoing Persons in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Credit Documents or in connection with the Loans made hereunder or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement refinancing or protectionrestructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (but limited, with respect to legal expenses, to the reasonable and documented fees, disbursements and other charges and disbursements of a one single counsel in each appropriate jurisdiction (which may include a single firm of primary counsel, one firm of special counsel acting in multiple jurisdictions) and one firm of additional local counsel for each applicable jurisdiction to the Administrative Agent, the Collateral Agent, the Arrangers Agent and the Lenders (Arranger, taken as a whole, and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another one additional single firm of primary counsel and one firm of additional local counsel for each group of affected applicable jurisdiction to the Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Arranger, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, penalties, claims, damages, liabilities liabilities, obligations, fines and related expenses, including reasonable counsel fees, charges and disbursements (but limited, with respect to legal expenses, to the reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessarysingle firm of primary counsel, one firm of special counsel and one additional firm of local counsel in for each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all similarly situated Indemnitees (andit being agreed that, in the case of an any actual or perceived conflict of interestinterest between or among any Indemnitees, where the Borrower is informed of such conflict by the affected Indemnitees shall be deemed not to be similarly situated and each such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected IndemniteesIndemnitees shall be entitled to additional counsel as set forth herein), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of or by reason of (i) the execution or delivery of this Agreement or any other Loan Credit Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Credit Party or any of their respective Affiliates) or (iv) the actual or alleged presence of or exposure to Hazardous Materials in the indoor or outdoor air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by the Borrower or any of the Borrower’s Subsidiaries, the generation, storage, transportation, handling, Release or disposal of Hazardous Materials by the Borrower or any of the Borrower’s Subsidiaries at any location, whether or not owned, leased or operated by the Borrower or any of the Borrower’s Subsidiaries, the non-compliance by, or liability of or relating to, the Borrower, any of the Borrower’s Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of the Borrower’s Subsidiaries with, relating to, or under any Environmental Law (including applicable permits thereunder), or any Environmental Claim threatened or asserted in writing against or relating to the Borrower, any of the Borrower’s Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of the Borrower’s Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or faith, willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction material breach of such Indemnitee, (y) a material breach of any of its ’s obligations under this Agreement as determined by or any other Credit Document, or from a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute solely among Indemnitees (other than any such dispute against any Person acting in its capacity as an “agent” or “arranger” hereunder, as to which such indemnity shall apply) at a dispute involving claims against time when the Administrative Agent, the Swingline Lender or the Issuing Bank, Credit Parties have not breached their obligations hereunder in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with any material respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimof such Indemnitee. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates) Arranger under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates)Arranger, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates) Arranger in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential consequential, incidental or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Credit Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days not later than ten Business Days after written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Pennymac Financial Services, Inc.), Credit Agreement (Pennymac Financial Services, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agents in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents (and any amendments, modifications or waivers thereof), or by the Administrative Agents in connection with the syndication of the Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence, initial and ongoing appraisals and Collateral examinations to the extent incurred in accordance with the terms of this Agreement, mortgage recordings, title registrations, UCC filings and other filings in connection with the perfection of the Liens of the Collateral Agent (and the priority thereof) as contemplated hereby and the reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated by this Agreement shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for including the reasonable fees, charges and disbursements of more than a single primary Shearman & Sterling LLP, counsel for the Administrative AgentAgents and the Joint Lead Arrangers, and, if necessary, the Collateral Agentreasonable fees, the Issuing Bankcharges and disbursements of one local counsel per jurisdiction, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) any Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent Agents (including any special and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own local counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentAgents, the Joint Lead Arrangers, each Issuing Bank, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges (except the allocated costs of in-house counsel), incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)by this Agreement, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee (for purposes of this proviso only, each of the Agents, each Joint Lead Arranger, each Issuing Bank and each Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties, shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel 166 QDI – A&R Credit Agreement (2014) or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any Property; provided, that such indemnity shall not, as to any Indemnitee, be available (i) to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (yii) to the extent arising from a material breach of any of its such Indemnitee’s obligations under the Loan Documents, or (iii) to the extent arising out of any claim, litigation, investigation or proceeding that does not involve an act or omission of the Loan Parties or any of their affiliates and that is brought by an Indemnitee against any other Indemnitee. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Fund, Holdings, the Borrower or any of their respective subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of any of the Facilities, the Transactions or any other transaction contemplated by this Agreement. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) the any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender any Issuing Bank or the Issuing Bank, in each case in their respective capacitates as such)any Lender. This All amounts due under this Section 9.05(b) 9.05 shall not apply be payable on written demand therefor accompanied by reasonable documentation with respect to Taxes any reimbursement, indemnification or other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimamount requested. (c) To the extent that the Borrower fails Except as expressly provided in Section 9.05(a) with respect to pay Other Taxes, which shall not be duplicative with any amount required amounts paid pursuant to be paid by them to the Administrative AgentSection 2.17, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees 9.05 shall not apply to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity Taxes on any payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, on a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)Loan. (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless survive the resignation of any Agent, any Issuing Bank, the replacement of any Lender, the termination of the expiration Commitments and the repayment, satisfaction or discharge of all the term other Obligations and the termination of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this . 167 QDI – A&R Credit Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.2014)

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Quality Distribution Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing BankArranger, the Swingline Syndication Agent, the Documentation Agent, each Swing Line Lender and the Arrangers (and each of their respective Affiliates) Issuing Bank in connection with the syndication of the Credit Facilities and the preparation preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) any Issuing Bank, any Swing Line Lender or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, an additional local counsel in each applicable jurisdiction, one specialist counsel for each applicable specialty and additional conflict counsel for each such affected Lenders or Agents or groups of affected Lenders or Agents, as applicable, in the event of any actual or perceived conflict of interest, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank, in the case of an actual any Swing Line Lender or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Arranger, the Syndication Agent and the Documentation Agent, each Issuing Bank, each Swing Line Lender, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called Person, an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, Taxes and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, with or as a result of (i) the Credit Facilities, the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder and, in their capacities hereunder or in connection with or related to this Agreement, the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the use of the proceeds or the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower or any of its Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower, any other Loan Party TEP or any of their respective Affiliates)subsidiaries, or any Environmental Liability related in any way to the Borrower, TEP or any of their respective subsidiaries; provided that such the indemnity under this Section 9.05(b) shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the any Issuing Bank, the Swingline Bank or any Swing Line Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates)such Swing Line Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Bank or such Swing Line Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated herebyTransactions, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Tallgrass Energy GP, LP), Credit Agreement (Tallgrass Energy GP, LP)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Joint Bookrunners in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or Documents, or, with respect to the Administrative Agent and the Collateral Agent, in connection with the syndication of commitments or administration of this Agreement and any amendments, modifications modifications, supplements or waivers (or proposed amendments, modifications, supplements or waivers) of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); providedthereof, that the Borrower shall not be responsible pursuant to this clause (i) for including expenses incurred in connection with due diligence, the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (Joint Bookrunners, and each the reasonable fees, charges and disbursements of their respective Affiliates) and more than a single one local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions)per jurisdiction, or (ii) all reasonable out-of-pocket expenses incurred by the Administrative AgentL/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent Agents and the Collateral AgentLenders (including the reasonable fees, charges and disbursements of counsel for the Agents, the Joint Lead Arrangers and the Joint Bookrunners, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate per jurisdiction (which may include a single special and one additional counsel acting in multiple jurisdictions) for the Administrative Agentaffected persons, taken as a whole, to the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case extent of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentAdditional Agents, each L/C Issuer, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, partners, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (limited to one counsel to the Agents and other charges of any environmental consultant their Related Parties and one local counsel for all Indemnitees to the Agents and their Related Parties in each applicable jurisdiction and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, solely in the case event of an actual or perceived conflict of interest, where one additional counsel in each applicable material jurisdiction to the Borrower is informed other Indemnitees) (except the allocated costs of such conflict in-house counsel) (collectively, “Damages”), incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of or otherwise relating to the Transactions and the other transactions contemplated thereby (hereby and the administration of the Loan Documents, including the syndication of the Credit Facilities)Puerto Rico Filings, (ii) any Loan or Letter of Credit or the proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the Loans or issuance documents presented in connection with such demand do not strictly comply with the terms of Letters such Letter of Credit), (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or not any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third third-party or by the Borrower, any other Loan Party Parent or any of their respective its subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee (for purposes of this proviso only, each Agent, each Additional Agent, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel to the Agents and their Related Parties and one local counsel to the Agents and their Related Parties in each applicable jurisdiction and, solely in the event of an actual or perceived conflict of interest, one additional counsel in each applicable material jurisdiction to the other Indemnitees) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Parent or any of its subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any property currently or formerly owned, operated or leased by any of them; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties (for purposes of this proviso only, each Agent, each Additional Agent, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee). None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to Parent, the officersBorrower or any of their respective subsidiaries, directorsAffiliates or stockholders or any other person or entity for any special, employeesindirect, agentsconsequential or punitive damages, advisors which may be alleged as a result of the Facilities or other representative the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations this Agreement or any other Loan Document, or any investigation made by or on behalf of any Agent, any Additional Agent, any L/C Issuer or any Lender. All amounts due under this Agreement as determined Section 9.05 shall be payable on written demand therefor accompanied by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply reasonable documentation with respect to Taxes any reimbursement, indemnification or other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimamount requested. (c) To This Section 9.05 shall not apply to Taxes, except Taxes that represent Damages arising from a non-Tax claim (i.e., for the avoidance of doubt, indemnification under this Section 9.05 in respect of a non-Tax claim shall be made to the extent necessary to place the indemnitee in the same after-Tax position that the Borrower fails to pay any amount required to be paid by them to indemnitee would have been in absent the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as occurrence of the time that the applicable unreimbursed expense or indemnity payment is sought) of events giving rise to such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lenderindemnification). (d) To the fullest extent permitted by applicable law, Parent and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby, except to the extent determined by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, any L/C Issuer, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. other Obligations and the termination of this Agreement. (f) All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforas promptly as practicable.

Appears in 2 contracts

Samples: Credit Agreement (EVERTEC, Inc.), Credit Agreement (EVERTEC, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay within thirty (30) days of demand thereof (together with backup documentation supporting such request) (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agents and Joint Lead Arrangers in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the other Loan Documents, or by the Agents and Joint Lead Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable out-of-pocket fees, disbursements and charges for no more than one (1) outside counsel and, if necessary one (1) local counsel in each material jurisdiction where Collateral is located for such persons, taken as a whole) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Agents or Joint Lead Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Term Loans made or Letters of Credit issued hereunder, hereunder (including the reasonable out-of-pocket fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, if necessary (x) the reasonable out-of-pocket fees, charges and disbursements of a single one (1) local counsel in each appropriate per relevant material jurisdiction and (which may include a single special counsel acting in multiple jurisdictionsy) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived potential conflict of interest, where the Borrower is informed reasonable out-of-pocket fees, charges and disbursements of such conflict by the one (1) additional counsel to all affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situatedpersons, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentJoint Lead Arrangers, each Lender, the Issuing Bank Lender and each Related Party of any their respective Affiliates, successors and assigns and the directors, trustees, officers, employees, advisors, controlling persons and agents of each of the foregoing Persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees costs and related expenses (including reasonable out-of-pocket documented fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees Xxxxxxx Xxxxxxx & Xxxxxxxx LLP and, if necessary, one firm of (1) local counsel in each appropriate relevant material jurisdiction (which may include to the Agents or Joint Lead Arrangers, taken as a single special counsel acting whole, in multiple jurisdictions) for all Indemnitees (each relevant jurisdiction and, in the case of an actual or perceived potential conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of one (1) additional counsel for each group of to all affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected withrelating to, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions (including the payment of the Transaction Costs) and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses (x) are determined by a judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) by reason of the gross negligence, bad faith or willful misconduct of such Indemnitee of, or any of its controlled Affiliates or any of the officersmaterial breach by, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach arise out of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (zor its Related Parties) any dispute among Indemnitees (other than a dispute involving claims any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of the Swingline Lender Sponsor, the Borrower or any of its Subsidiaries and arises out of disputes among the Issuing BankLenders and/or their transferees. The Borrower shall not be liable for any settlement of any proceeding referred to in this Section 9.05 effected without the Borrower’s written consent (such consent not to be unreasonably withheld or delayed); provided, however, that the Borrower shall indemnify the Indemnitees from and against any loss or liability by reason of such settlement if the Borrower was offered the right to assume the defense of such proceeding and did not assume such defense or such proceeding was settled with the written consent of the Borrower, subject to, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentcase, the Collateral Agent, Borrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall indemnify the Issuing Bank, Indemnitees from and against any final judgment for the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of plaintiff in any proceeding referred to in this Section 9.05, each Lender severally agrees to pay subject to the Administrative AgentBorrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall not, without the Collateral Agentprior written consent of any Indemnitee, effect any settlement of any pending or threatened proceeding in respect of which such Indemnitee is a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (i) includes an unconditional release of such Indemnitee (and its Related Parties) from all liability or claims that are the Issuing Banksubject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, the Swingline Lender culpability or the Arrangers a failure to act by or on behalf of any Indemnitee (or each of their respective Affiliatesits Related Parties), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, each party hereto hereby waives for itself (and, in the Borrower shall not assertcase of the Borrower, and hereby waives, for each other Loan Party) any claim against any IndemniteeLoan Party, any Lender, any Agent, any Lender Party, any Joint Lead Arrangers, and their respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, or as a result of, or in any way related to, this Agreement or any Loan Document or any agreement or instrument contemplated herebyhereby or thereby or referred to herein or therein, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. thereof or any act or omission or event occurring in connection therewith, and each party hereto (eand in the case of the Borrower on behalf of each other Loan Party) hereby waive, release and agree not to xxx upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor; provided that nothing contained in this sentence shall limit the Borrower’s indemnity obligations to the extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which such indemnified person is entitled to indemnification hereunder. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes other than Taxes arising from a non-Tax claim. (d) Notwithstanding the foregoing paragraphs in this Section, if it is found by a final, non-appealable judgment of a court of competent jurisdiction in any such action, proceeding or investigation that any loss, claim, damage, liability or cost or related expense of any Indemnitee has resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee (or any of its Related Parties) or a material breach of the Loan Documents by such Indemnitee (or any of its Related Parties), such Indemnitee will repay such portion of the reimbursed amounts previously paid to such Indemnitee under this Section that is attributable to expenses incurred in relation to the set or omission of such Indemnitee which is the subject of such finding.

Appears in 2 contracts

Samples: Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)

Expenses; Indemnity. (a) The Borrower agrees and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Arrangers, the Administrative Agent, the Collateral Agent, the Issuing Bank, Bank and the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) or incurred by the Arrangers, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, disbursements and other charges of one outside counsel and disbursements of a single one local counsel in each appropriate any jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for as the Arrangers, the Administrative Agent, the Collateral Agent, the Arrangers and Issuing Bank, the Lenders (and their respective Affiliates) (and, in the case of an actual Swingline Lender or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender determine to be reasonably necessary. (b) The Borrower agrees and Holdings agree, jointly and severally, to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Bank, the Swingline Lender and each Related Party of any of the foregoing Persons persons and their successors and assigns (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant one primary counsel and one counsel for all Indemnitees and, if necessary, one firm of local counsel to the Indemnitees taken as a whole in each appropriate jurisdiction relevant jurisdiction; provided, that if (which a) one or more Indemnitees shall have reasonably concluded that there may include a single special counsel acting be legal defenses available to it that are different from or in multiple jurisdictionsaddition to those available to one or more other Indemnitees or (b) for all the representation of the Indemnitees (and, in or any portion thereof) by the case of an same counsel would be inappropriate due to actual or perceived conflict potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of interest, where the Borrower is informed of one separate counsel to such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) , in each relevant jurisdiction, and liabilities of any such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to Holdings, the Borrower or the Subsidiaries; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee (or any of its controlled Affiliates Related Parties) or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of its (or its Related Parties’) obligations hereunder or relate to the presence or Release of Hazardous Materials that first occur at any of its obligations under this Agreement as determined property owned by a court of competent jurisdiction in a final and non-appealable decision by Holdings or the Borrower after such property is transferred to any Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agentits successors or assigns by foreclosure, the Swingline Lender deed-in-lieu of foreclosure or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimsimilar transfer. (c) To the extent that Holdings and the Borrower fails fail to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates)Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand therefor.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Hawkeye Holdings, Inc.), First Lien Credit Agreement (Hawkeye Holdings, Inc.)

Expenses; Indemnity. (a) The Each Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing BankArrangers, the Swingline Co-Syndication Agents, the Co-Documentation Agents, the Swing Line Lender and the Arrangers (and each of their respective Affiliates) Issuing Bank in connection with the syndication of the Credit Facilities and the preparation preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable documented out-of-pocket expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, any Issuing Bank, the Arrangers (and each of their respective Affiliates) Swing Line Lender or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single an additional local counsel in each appropriate jurisdiction (which may include a single special applicable jurisdiction, one specialist counsel acting in multiple jurisdictions) for the Administrative Agenteach applicable specialty and additional conflict counsel for each such affected Lenders or Agents or groups of affected Lenders or Agents, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (andas applicable, in the case event of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Each Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Arrangers, the Co-Syndication Agents and the Co-Documentation Agents, each Issuing Bank, the Swing Line Lender, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called Person, an “IndemniteeProtected Person”) against, and to hold each Indemnitee Protected Person harmless from, any and all losses, claims, damages, liabilities liabilities, Taxes and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee Protected Person arising out of, in any way connected with, or as a result of (i) the Credit Facilities, the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder and, in their capacities hereunder or in connection with or related to this Agreement, the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the use of the proceeds or the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee Protected Person is a party thereto (and regardless of whether such matter is initiated by a third party or by the any Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by any Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of the Subsidiaries; provided that such the indemnity under this Section 9.05(b) shall not, as to any IndemniteeProtected Person, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)Protected Person. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the any Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the any Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) Swing Line Lender under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates)Swing Line Lender, as the case may be, such LenderXxxxxx’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the such Issuing Bank, the Swingline Lender Bank or the Arrangers (or each of their respective Affiliates) Swing Line Lender in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawLaw, the Borrower each party hereto agrees that it shall not assert, and hereby waives, any claim against any Indemniteeother party hereto or any Protected Person, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Enviva Inc.), Credit Agreement (Enviva Inc.)

Expenses; Indemnity. (a) The Borrower agrees and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent and the Arrangers (and each of their respective Affiliates) Collateral Agent in connection with the syndication of the Credit Facilities Facility and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) or incurred by the Arrangers, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, disbursements and other charges of one outside counsel and disbursements of a single one local counsel in each appropriate any jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for as the Arrangers, the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Agent or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender determine to be reasonably necessary. (b) The Borrower agrees and Holdings agree, jointly and severally, to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons persons and their successors and assigns (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant one primary counsel and one counsel for all Indemnitees and, if necessary, one firm of local counsel to the Indemnitees taken as a whole in each appropriate jurisdiction relevant jurisdiction; provided, that if (which a) one or more Indemnitees shall have reasonably concluded that there may include a single special counsel acting be legal defenses available to it that are different from or in multiple jurisdictionsaddition to those available to one or more other Indemnitees or (b) for all the representation of the Indemnitees (and, in or any portion thereof) by the case of an same counsel would be inappropriate due to actual or perceived conflict potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of interest, where the Borrower is informed of one separate counsel to such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) , in each relevant jurisdiction, and liabilities of any such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesFacility), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to Holdings, the Borrower or the Subsidiaries; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee (or any of its controlled Affiliates Related Parties) or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of its (or its Related Parties’) obligations hereunder or relate to the presence or Release of Hazardous Materials that first occur at any of its obligations under this Agreement as determined property owned by a court of competent jurisdiction in a final and non-appealable decision by Holdings or the Borrower after such property is transferred to any Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agentits successors or assigns by foreclosure, the Swingline Lender deed-in-lieu of foreclosure or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimsimilar transfer. (c) To the extent that Holdings and the Borrower fails fail to pay any amount required to be paid by them to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, Transactions or any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand therefor.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Hawkeye Holdings, Inc.), Second Lien Credit Agreement (Hawkeye Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees Borrowers and Holdings agree, severally and not jointly, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by of the Administrative Agent, the Collateral Agent and the Lead Arranger (including but not limited to reasonable and documented legal fees, disbursements and other charges of one primary outside counsel (absent a conflict of interest) and, in the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction) and reasonable and documented expenses of the Administrative Agent, the Issuing Bank, the Swingline Lender Collateral Agent and the Arrangers (and each of their respective Affiliates) in connection Lead Arranger associated with the syndication of the Credit Facilities Term Loan Facility and the preparation preparation, execution and administration delivery, administration, amendment, waiver or modification (including proposed amendments, waivers or modifications) of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Lead Arranger or any Lender (including but not limited to reasonable legal fees and expenses of one primary outside counsel (absent a conflict of interest) and, in connection the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction) and for workout proceedings, enforcement costs and documentary taxes associated with the enforcement or protection of its rights in connection Loan Documents, including with this Agreement and the other Loan Documents or in connection with respect to the Loans made or Letters of Credit issued hereunder. (b) The Borrowers, including the reasonable feesseverally and not jointly, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for agree to indemnify the Administrative Agent and Agent, the Collateral Agent, and, in connection with any such enforcement or protectionthe Lead Arranger, the Lenders and each Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) and hold each Indemnitee harmless from and against all reasonable out-of-pocket costs, expenses (including reasonable and documented and invoiced fees, disbursements and other charges of one counsel for all Indemnitees, one special maritime counsel and disbursements one primary firm of a single local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) jurisdictions for all Indemnitees (and, in the case of an actual or perceived a conflict of interest, where the Borrower is informed Indemnitee affected by such conflict informs the Borrowers of such conflict by the affected Indemnitees and such affected Indemnitees retain their thereafter retains its own counsel, of another firm of counsel for each group of similarly situated affected Indemnitees)), similarly situatedclaims, taken as a whole) damages, losses and liabilities of any such Indemnitee arising out of, relating to or in connection with the Term Loan Facility and any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebydocumentation related thereto, the performance by the parties thereto of their respective obligations thereunder actual or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loan Facility, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries Transactions or any property currently or formerly ownedtransaction contemplated in connection with the foregoing (including any investigation, leased or operated by the Loan Parties, any of their respective subsidiaries claim or any litigation or other proceeding, or preparation of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer a defense in connection therewith (regardless of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any such Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrowers or any of their respective Affiliatesaffiliates or equity holders) that relates to the Transactions, including the financing contemplated hereby or any transactions in connection therewith); , provided that such indemnity shall notno Indemnitee will be indemnified for any cost, as to any Indemnitee, be available expense or liability to the extent that such lossesdetermined in the final, claims, damages, liabilities or related expenses are determined by non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the its gross negligence, bad faith or faith, willful misconduct of such nor for any claims brought by an Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such against another Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender Lead Arranger or the Issuing BankAdministrative Agent acting in such capacity), in each case in their respective capacitates as such). This Section 9.05(b) and this provision shall not cover any expenses incurred in connection with the preparation, negotiation or diligence in connection with the Loan Documents; and provided further that the foregoing indemnity shall only apply to the Cayman Borrower and the Cayman Subsidiary Guarantors to the extent such claim, damage, loss or liability arises out of, relates to or is in connection with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimthe Foreign Obligations. (c) To the extent that Holdings and the Borrower fails Borrowers fail to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates) any Lead Arranger under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Lead Arranger or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, any Lead Arranger or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, none of the Borrower parties hereto shall not assert, and each hereby waives, any claim against any Indemniteeother party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit Transactions or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after promptly upon written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Joint Lead Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or Documents, or, with respect to the Administrative Agent and the Collateral Agent, in connection with the syndication of commitments or administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); providedthereof, that the Borrower shall not be responsible pursuant to this clause (i) for including expenses incurred in connection with due diligence, the reasonable fees, charges and disbursements of more than a single primary Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (Joint Lead Arrangers, and each the reasonable fees, charges and disbursements of their respective Affiliates) and more than a single one local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions)per jurisdiction, or (ii) all reasonable out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of counsel for the Agents and the Lenders (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate per jurisdiction (which may include a single special and one additional counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situatedpersons, taken as a whole, to the extent of any actual conflict of interest). (b) . The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentAdditional Agents, each L/C Issuer, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, partners, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (limited to one counsel to the Agents and other charges of any environmental consultant their Related Parties and one local counsel for all Indemnitees to the Agents and their Related Parties in each applicable jurisdiction and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, solely in the case event of an actual or perceived conflict of interest, where one additional counsel in each applicable material jurisdiction to the Borrower is informed other Indemnitees) (except the allocated costs of such conflict in-house counsel), incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of or otherwise relating to the Transactions and the other transactions contemplated thereby (including hereby and the syndication administration of the Credit Facilities)Loan Documents, including any required filings with the Puerto Rico Treasury Department, (ii) any Loan or Letter of Credit or the proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the Loans or issuance documents presented in connection with such demand do not strictly comply with the terms of Letters such Letter of Credit), (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or not any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (1) the gross negligence or willful misconduct of such Indemnitee (for purposes this proviso only, each Agent, each Additional Agent, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee) or (2) any material breach of any Loan Document by such Indemnitee. Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel to the Agents and their Related Parties and one local counsel to the Agents and their Related Parties in each applicable jurisdiction and, solely in the event of an actual conflict of interest, one additional counsel in each applicable material jurisdiction to the other Indemnitees) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings or any of its subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any property currently or formerly owned, operated or leased by any of them; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x1) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties (for purposes this proviso only, each Agent, each Additional Agent, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee) or (2) any material breach of any Loan Document by such Indemnitee. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersSponsor, directorsHoldings, employeesthe Borrower or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations this Agreement or any other Loan Document, or any investigation made by or on behalf of any Agent, any Additional Agent, any L/C Issuer or any Lender. All amounts due under this Agreement Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (b) Except as determined by a court expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agentamounts paid pursuant to Section 2.18, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This this Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes, except Taxes that represent losses, claims, damages, etc. arising damages or losses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (d) The agreements in this Section 9.05 shall survive the resignation of the Administrative Agent, any L/C Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforas promptly as practicable.

Appears in 2 contracts

Samples: Credit Agreement (EVERTEC, Inc.), Credit Agreement (EVERTEC, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement, the Issuing Bankother Loan Documents and the Parent Guarantee, or by the Agents, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and Agreement, the other Loan Documents or and the Parent Guarantee, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided, in the case of an actual or perceived that, absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or the Parent Guarantee or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries or any Indemnitee initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by in a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of this Agreement, any of the Loan Documents or the Parent Guarantee or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith, material breach of this Agreement, any of the Loan Documents or the Parent Guarantee or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or would have arisen as against the Indemnitee regardless of this Agreement, any other Loan Document or the Parent Guarantee or any Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of the officers, directors, employees, agents, advisors any information or other representative of any of materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement, the foregoing, in each case, acting at other Loan Documents or the direction Parent Guarantee or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Indemnitee as determined by in a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or Agreement, any other Loan Document or the Parent Guarantee, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Equity Partners LP)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents and the Arrangers (and each of their respective Affiliates) in connection with the preparation, negotiation, execution, and closing of this Agreement and the other Loan Documents, or by the Agents and the Arrangers in connection with the initial syndication of the Credit Facilities and (the preparation and payment of such expenses being subject to the occurrence of the Closing Date) or the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications modifications, supplements or waivers of the provisions hereof or thereof and any other documents or matters requested by the Borrower (or on behalf of any other Loan Party) in connection with this Agreement or any other Loan Documents (whether or not the transactions hereby or thereby contemplated by the Loan Documents shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause ) (i) for including the reasonable fees, charges and disbursements of more than a single primary counsel, which shall be limited to the reasonable and documented fees, charges and disbursements of Milbank LLP, counsel for the Administrative AgentAgents and the Arrangers, or counsel replacing such counsel, and not more than one counsel in each jurisdiction in which Collateral is located and, solely in the case of an actual or reasonably perceived conflict of interest, one additional counsel per affected similarly situated Indemnitees, taken as a whole), (ii) all actual costs and reasonable and documented out-of-pocket expenses of creating, perfecting, recording, maintaining and preserving Liens in favor of the Collateral Agent, for the Issuing Bankbenefit of the Secured Parties, and in connection with the Swingline Lender custody, preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral, including filing and the Arrangers (recording fees, expenses and each taxes, stamp or documentary taxes, search fees and reasonable and documented fees, expenses and disbursements of their respective Affiliates) and more than a single Milbank LLP, counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, or counsel replacing such counsel, and not more than one counsel in each jurisdiction in which Collateral is located and, solely in the Arrangers case of an actual or reasonably perceived conflict of interest, one additional counsel per affected similarly situated Indemnitees, taken as a whole, (and each of their respective Affiliatesiii) all documented out-of-pocket expenses incurred by the Agents or any Lender Party in connection with the enforcement or protection of its their rights (including any costs of settlement) in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made hereunder including all such out-of-pocket costs and expenses incurred during any workout, restructuring or Letters negotiations in respect of Credit issued hereunder, such Loans (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel one financial advisor for the Administrative Agent Lender Parties (taken as a whole) and the Collateral Agentof counsel, andwhich shall be limited to, in connection with any such enforcement or protection, the reasonable and documented fees, charges and disbursements of a single Milbank LLP, counsel for the Agents and Lenders, or counsel replacing such counsel, and not more than one counsel in each appropriate jurisdiction (in which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (is located and, solely in the case of an actual or reasonably perceived conflict of interest, where the Borrower is informed of such conflict by the one additional counsel per affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situatedsituated Indemnitees, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agenteach Lender Party, the Collateral Agent, each Lender, the Issuing Bank their respective Related Parties and each Related Party of any of the foregoing Persons their respective directors, officers, employees, advisors, agents, affiliates, successors, partners, representatives and permitted assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented or invoiced out-of-pocket fees expenses, including reasonable and expenses documented out-of-pocket counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee losses, claims, damages, liabilities and related reasonable and documented out-of-pocket expenses claimed or asserted by any of the Group Members) arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)Transactions, (ii) any Loan or the proposed use of the proceeds of the Loans therefrom or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates)in all cases, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable and documented out-of-pocket expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted (A) result from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach by such Indemnitee of any of its obligations under this Agreement Agreement, in each case, as determined by the final, non-appealable judgment of a court of competent jurisdiction in (treating, for this purpose only, any Lender Party and its Related Parties as a final and non-appealable decision by such Indemnitee single Indemnitee) or (zB) arise out of any dispute among Indemnitees proceeding that does not involve an act or omission of any Group Member or any of any Group Member’s Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a dispute involving any such proceedings which relate to claims against any Arranger or the Administrative Agent, the Swingline Lender Agent or the Issuing Bank, in each case Collateral Agent in their respective capacitates capacities as such). This Section 9.05(b) shall not apply with respect Subject to Taxes other than and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any nonliabilities and related reasonable and documented out-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentof-pocket expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankcharges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result of (1) any Environmental Claim related in any way to any of the Group Members or (2) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property, any property owned, leased or operated by any predecessor of any of the Group Members, or, to the extent related in any way to any of the Group Members, any property at or to which any of the Group Members has sent Hazardous Materials for treatment, storage or disposal; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable and documented out-of-pocket expenses result from the gross negligence, this Agreement bad faith or willful misconduct of such Indemnitee or any agreement of its Related Parties or instrument contemplated herebya material breach by such Indemnitee of its express obligations under this Agreement, the Transactionsin each case, any Loan or Letter as determined by a final, non-appealable judgment of Credit or the use a court of the proceeds thereof. (e) competent jurisdiction. The provisions of this Section 9.05 (Expenses; Indemnity) shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the resignation of any Agent, the consummation of the transactions contemplated herebyTransactions, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Creditmonetary Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. Party. (c) All amounts due under this Section 9.05 (Expenses; Indemnity) shall be payable promptly upon (and in any event within thirty (30) days after after) written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested; provided, however, that any Person receiving any payment shall promptly refund the amount of any such payment to the extent that there is a final judicial or arbitral determination that such Person was not entitled to indemnification or reimbursement rights with regard to such payment pursuant to the express terms of this Section 9.05 (Expenses; Indemnity). Sections 9.05(a) and (b) (Expenses; Indemnity) shall not apply to Indemnified Taxes and Other Taxes indemnified by the Borrower pursuant to Section 2.16 (Taxes). (d) To the fullest extent permitted by law, no Indemnitee shall be liable for, and the Borrower hereby agrees not to assert any claim against any Indemnitee, on any theory of liability, for consequential, incidental, indirect, punitive or special damages arising out of or otherwise relating to the Loan Documents, any of the Transactions, any Loan or the use of the proceeds thereof. No Indemnitee referred to in Section 9.05(b) (Expenses; Indemnity) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement of the other Loan Documents or the transactions contemplated hereby or thereby other than as a result of the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties as determined by a court of competent jurisdiction in a final judgement.

Appears in 2 contracts

Samples: Credit Agreement (TransMontaigne Partners LLC), Credit Agreement (TransMontaigne Partners LLC)

Expenses; Indemnity. (a) The Each Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each of their respective Affiliates) Lenders in connection with the syndication of the Credit Facilities negotiation, preparation, execution and the preparation and administration delivery of this Agreement and the other Loan Documents Documents, or by the Administrative Agent, the Collateral Agent and the Lenders in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); providedthereof, that the Borrower shall not be responsible pursuant to this clause (i) for including the reasonable and documented fees, charges and disbursements of more than a single one primary counsel for the Administrative AgentAgents and, if necessary, the Collateral Agentreasonable and documented fees, charges and disbursements of one regulatory counsel and one local counsel to the Agents in each appropriate jurisdiction, and one primary counsel for the Lenders, taken as a whole, and, if necessary, the Issuing Bankreasonable and documented fees, charges and disbursements of one regulatory counsel and one local counsel to the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than Lenders, taken as a single counsel for whole, in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions)jurisdiction, or and (ii) all reasonable and documented out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single primary counsel for the Agents, and, if necessary, a single regulatory and local counsel in each appropriate jurisdiction (which may include for the Agents, and a single special primary counsel acting in multiple jurisdictions) for the Administrative AgentLenders, taken as a whole, and, if necessary, a single regulatory and local counsel in each appropriate jurisdiction for the Collateral AgentLenders, the Arrangers and the Lenders (and their respective Affiliates) taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the Parent Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their thereafter retains its own counsel, of another firm of counsel for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Each Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank each of their respective Affiliates, successors and assignors, and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents, trustees, advisors and members (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single regulatory counsel and a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where the Indemnitee affected by such conflict informs the Parent Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their thereafter retains its own counsel, of another firm of counsel for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyhereby or thereby (including the Structuring Fee Letter, the Reorganization Consent and Amendment No. 1), the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any violation of or liability under Environmental Liability related Laws or Environmental Permits to the extent relating in any way to the Loan PartiesParent Borrower or any Subsidiary, (iv) any actual or alleged presence, Release or threatened Release of their respective subsidiaries or exposure to Hazardous Materials at, under, on, from or to any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Parent Borrower or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (ivv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Parent Borrower or any of their respective subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (y) other than with respect to the Agents, arose from a material breach of such Indemnitee’s or any of its Related Parties’ obligations under this Agreement any Loan Document (as determined by a court of competent jurisdiction in a final and final, non-appealable decision by such Indemnitee judgment) or (z) arose from any dispute among Indemnitees claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the Parent Borrower or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than a dispute involving claims any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent, the Swingline Lender or the Issuing Bank, any Agent in each case in their respective capacitates its capacity as such). This None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Parent Borrower or any of its subsidiaries, Affiliates or shareholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05(b9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any Lender. All amounts due under this Section 9.05 shall be payable within 30 days after written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.15, this Section 9.05 shall not apply with respect to any Taxes (other than any Taxes that represent losses, claims, damages, etc. arising liabilities and related expenses resulting from any a non-Tax claim. (c) To ), which shall be governed exclusively by Section 2.15 and, to the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentset forth therein, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)2.13. (d) To the fullest extent permitted by applicable law, the Parent Borrower and the Co-Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof; provided that the foregoing shall not affect each Borrower’s indemnification obligations pursuant to Section 9.05(b). No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, Agent or the Collateral Agent, the replacement of any Lender Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Canopy Growth Corp), Credit Agreement (Canopy Growth Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay within thirty (30) days of demand thereof (together with backup documentation supporting such request) (i) all reasonable and documented or invoiced out-of-pocket fees and (in summary format) expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable and documented (in summary format) fees, disbursements and charges for no more than one (1) outside counsel and, if necessary one (1) local counsel in each material jurisdiction where Collateral is located for such Persons, taken as a whole) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable and documented (in summary format) expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters (but limited, in the case of Credit issued hereunderlegal fees and expenses, including to the actual reasonable and documented (in summary format) fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxx Xxxx & Xxxxxxx Xxxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, if reasonably necessary (x) the reasonable and documented (in summary format) fees, charges and disbursements of a single one (1) local counsel in each appropriate per relevant local jurisdiction and (which may include a single special counsel acting in multiple jurisdictionsy) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived potential conflict of interest, where the Borrower is informed reasonable and documented (in summary format) fees, charges and disbursements of such conflict by the one (1) additional counsel to all affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situatedPersons, taken as a whole). (b) The Borrower agrees to indemnify indemnify, on a joint and several basis, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any their respective Affiliates, successors and assigns and the directors, trustees, officers, employees, advisors, controlling Persons and agents of each of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees (in summary format) costs and related expenses (including reasonable and documented (in summary format) documented fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees Xxxxxxx Xxxx & Xxxxxxxxx LLP and, if necessary, one firm of (1) local counsel in each appropriate relevant local jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (to the Administrative Agent, and, in the case of an actual or perceived potential conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of one (1) additional counsel for each group of to all affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected withrelating to, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions (including the payment of the Transaction Costs) and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses (x) are determined by a judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) by reason of the gross negligence, bad faith or willful misconduct of such Indemnitee of, or any of its controlled Affiliates or any of the officersmaterial breach by, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach arise out of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (zor its Related Parties) any dispute among Indemnitees (other than a dispute involving claims any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of the Swingline Lender Borrower or any of its Subsidiaries and arises out of disputes among the Issuing BankLenders and/or their transferees. The Borrower shall not be liable for any settlement of any proceeding referred to in this Section 9.05 effected without the Borrower’s written consent (such consent not to be unreasonably withheld or delayed); provided, however, that the Borrower shall indemnify the Indemnitees from and against any loss or liability by reason of such settlement if the Borrower was offered the right to assume the defense of such proceeding and did not assume such defense or such proceeding was settled with the written consent of the Borrower, subject to, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentcase, the Collateral Agent, Borrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall indemnify the Issuing Bank, Indemnitees from and against any final judgment for the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of plaintiff in any proceeding referred to in this Section 9.05, each Lender severally agrees to pay subject to the Administrative AgentBorrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall not, without the Collateral Agentprior written consent of any Indemnitee, effect any settlement of any pending or threatened proceeding in respect of which such Indemnitee is a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (i) includes an unconditional release of such Indemnitee (and its Related Parties) from all liability or claims that are the Issuing Banksubject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, the Swingline Lender culpability or the Arrangers a failure to act by or on behalf of any Indemnitee (or each of their respective Affiliatesits Related Parties), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawApplicable Law, each party hereto hereby waives for itself (and, in the Borrower shall not assertcase of the Borrower, and hereby waives, for each other Loan Party) any claim against any IndemniteeLoan Party, any Lender, any Administrative Agent, any Lender Party, and their respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, or as a result of, or in any way related to, this Agreement or any Loan Document or any agreement or instrument contemplated herebyhereby or thereby or referred to herein or therein, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. thereof or any act or omission or event occurring in connection therewith, and each party hereto (eand in the case of the Borrower on behalf of each other Loan Party) hereby waive, release and agree not to xxx upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor; provided that nothing contained in this sentence shall limit the Borrower’s indemnity obligations to the extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which such indemnified Person is entitled to indemnification hereunder. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the LoansObligations, the expiration termination of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.14, this Section 9.05 shall not apply to Taxes other than Taxes arising from a non-Tax claim. (d) Notwithstanding the foregoing paragraphs in this Section 9.05, if it is found by a final, non-appealable judgment of a court of competent jurisdiction in any such action, proceeding or investigation that any loss, claim, damage, liability or cost or related expense of any Indemnitee has resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee (or any of its Related Parties) or a material breach of the Loan Documents by such Indemnitee (or any of its Related Parties), such Indemnitee will repay such portion of the reimbursed amounts previously paid to such Indemnitee under this Section 9.05 that is attributable to expenses incurred in relation to the set or omission of such Indemnitee which is the subject of such finding.

Appears in 2 contracts

Samples: Senior Secured Super Priority Debtor in Possession Delayed Draw Term Loan Agreement (Tuesday Morning Corp/De), Debtor in Possession Delayed Draw Term Loan Agreement (Franchise Group, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the each Issuing Bank, the Swingline Lender and the Arrangers (Bank and each Related Party of their respective Affiliates) any of the foregoing Persons in connection with the syndication of the Credit Facilities and the preparation preparation, execution, delivery and administration of this Agreement and the other Loan Credit Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) (but limited, that the Borrower shall not be responsible pursuant with respect to this clause (i) for legal expenses, to the reasonable and documented fees, disbursements and other charges of one single firm of primary counsel, one single firm of special counsel and disbursements one firm of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single additional local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or applicable jurisdiction) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (each Issuing Bank, each Lender and each Related Party of their respective Affiliates) or any Lender of the foregoing Persons in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Credit Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, hereunder or in connection with any such enforcement refinancing or protectionrestructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (but limited, with respect to legal expenses, to the reasonable and documented fees, disbursements and other charges and disbursements of a one single counsel in each appropriate jurisdiction (which may include a single firm of primary counsel, one firm of special counsel acting in multiple jurisdictions) and one firm of additional local counsel for each applicable jurisdiction to the Administrative Agent, the Collateral Agent, the Arrangers each Issuing Bank, taken as a whole, and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another one additional single firm of primary counsel and one firm of additional local counsel for each group of affected applicable jurisdiction to the Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the any Issuing Bank Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, penalties, claims, damages, liabilities liabilities, obligations, fines and related expenses, including reasonable counsel fees, charges and disbursements (but limited, with respect to legal expenses, to the reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessarysingle firm of primary counsel, one firm of special counsel and one additional firm of local counsel in for each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all similarly situated Indemnitees (andit being agreed that, in the case of an any actual or perceived conflict of interestinterest between or among any Indemnitees, where the Borrower is informed of such conflict by the affected Indemnitees shall be deemed not to be similarly situated and each such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected IndemniteesIndemnitees shall be entitled to additional counsel as set forth herein), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of or by reason of (i) the execution or delivery of this Agreement or any other Loan Credit Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters Letter of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Credit Party or any of their respective Affiliates) or (iv) the actual or alleged presence of or exposure to Hazardous Materials in the indoor or outdoor air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries, the generation, storage, transportation, handling, Release or disposal of Hazardous Materials by the Borrower or any of its Subsidiaries at any location, whether or not owned, leased or operated by the Borrower or any of its Subsidiaries, the non-compliance by, or liability of or relating to, the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries with, relating to, or under any Environmental Law (including applicable permits thereunder), or any Environmental Claim threatened or asserted against or relating to the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Agent or any Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank under paragraph (a) or (b) of this Section 9.05(including, without limitation, as a result of entering into of one or more MSR Acknowledgement Agreements), each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Agent or such Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Agent or such Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential consequential, incidental or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Credit Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactions, any Loan or any Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)

Expenses; Indemnity. (a) The Borrower agrees to ------------------- pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the reasonable fees, disbursements and other charges of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents and the Arrangers (and each of their respective Affiliates) Paying Agent incurred in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by the Administrative AgentAgents, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Paying Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderAdvances, including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx Shearman & Xxxxxxx LLPSterling, counsel for the Administrative Agent Agents and the Collateral Paying Agent, and, in connection with any such enforcement or protection, protection and the reasonable fees, disbursements and other charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentPaying Agent or any Lender. The Borrower further agrees that it shall indemnify the Administrative Agents, the Arrangers Paying Agent and the Lenders (from, and their respective Affiliates) (andhold them harmless against, in any documentary taxes, assessments or similar charges made by any Governmental Authority by reason of the case execution and delivery of an actual this Agreement or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Note. (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral Agent, each Lender, the Issuing Bank Paying Agent and each Related Party Lender and each of any of the foregoing Persons their respective directors, officers, employees and agents (each such Person person being called an "Indemnitee") ---------- against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements and other charges of charges, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans Advances or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such -------- indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To If any payment of principal of any Eurodollar Rate Advance is made other than on the extent that last day of the Interest Period for such Advance, as a result of any Conversion, payment pursuant to Section 2.05, prepayment pursuant to clause (ii) of the proviso to Section 2.09(a) or acceleration of the maturity of the Advances pursuant to Section 6.01 or for any other reason, the Borrower fails to pay shall, upon demand by any amount required to be paid by them Lender (with a copy of such demand to the Administrative AgentAgents), the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative AgentPaying Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, the Collateral Agentcosts or expenses that such Lender may incur as a result of such payment, the Issuing Bank, the Swingline Lender or the Arrangers including any loss (or each excluding loss of their respective Affiliatesanticipated profits), as the case may be, such Lender’s pro rata share (determined as cost or expense incurred by reason of the time that the applicable unreimbursed expense liquidation or indemnity payment is sought) reemployment of deposits or other funds acquired by any Lender to fund or maintain such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)Advance. (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 8.03 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditAdvances, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Agreement, or any investigation made by or on behalf of the Administrative AgentAgents, the Collateral Agent, Paying Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 8.03 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Kroger Co), 364 Day Credit Agreement (Kroger Co)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay all reasonable and documented or invoiced outpay, within thirty (30) days following receipt of a reasonably-of-pocket fees and expenses detailed invoice therefor, (i) all reasonable out of pocket expenses (including Other Taxes) incurred by the Administrative each Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Arrangers and the Arrangers (and each of their respective Affiliates) Initial Lenders in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination and the reasonable fees, disbursements and charges of counsel to the Agents, Arrangers and the Initial Lenders) or in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); providedthereof, that the Borrower shall not be responsible pursuant to this clause (i) for including the reasonable fees, charges and disbursements of more than a single primary (x) Xxxxxx and Xxxxxxx LLP, counsel for to the Administrative AgentAgents, Arrangers and Lenders and (y) any special or local legal counsel (limited to one local counsel in each relevant jurisdiction) as shall be reasonably determined to be necessary by the Collateral AgentAgents, Arrangers or the Issuing BankInitial Lenders, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable and documented out of pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) any Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, Arrangers and Lenders (which shall be limited to (w) a single firm of counsel to the Collateral Administrative Agent, (x) a single firm of counsel to the Lenders taken as a whole (which firm shall be determined by the Required Lenders), (y) if reasonably necessary, one local counsel in each relevant jurisdiction material to the interests of the Administrative Agent, Arrangers and the Lenders (and their respective Affiliates) (taken as a whole and, (z) solely in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of one additional counsel for in each relevant jurisdiction to each group of similarly situated affected Lenders, similarly situated, taken as a wholeparties). (b) The Borrower agrees Borrowers agree to indemnify the Administrative Agent, the Collateral AgentAgents, the Arrangers, each Issuing Bank, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities obligations liabilities, penalties, actions, judgments, suits, costs and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges (except the allocated costs of in-house counsel), imposed on, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrowers or any of their subsidiaries or Affiliates or by any creditor or holder of securities of Holdings, the Borrowers or any of their subsidiaries or Affiliates; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, obligations, liabilities, penalties, actions, judgements, suits, costs or related expenses or disbursements are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee (for purposes of this proviso only, each of the Administrative Agent, Issuing Bank, any Arranger or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective AffiliatesRelated Parties, shall be treated as a single Indemnitee) or a material breach by such Indemnitee or its Related Parties of its obligations under the Loan Documents. Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction (and, solely in the event of any conflict of interest among the Indemnitees, one additional counsel (and, if reasonably necessary, one applicable local counsel in each appropriate jurisdiction to the relevant group of Indemnitees, taken as a whole) for one group of Indemnitees similarly situated that is subject to such conflict)) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrowers or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any Real Property; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or a material breach by such Indemnitee or its Related Parties of its obligations under the Loan Documents. No party hereto shall be responsible or liable to any other party hereto or any of their respective subsidiaries, Affiliates or stockholders or any other Person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of the officersABL Facility. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, directorsthe consummation of the transactions contemplated hereby, employees, agents, advisors or other representative the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations under this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, any Issuing Bank or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days following written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. The Lead Borrower shall not, without the Swingline Lender prior written consent of each applicable Indemnitee (which consent shall not be unreasonably withheld, delayed or conditioned), effect any settlement of any pending or threatened proceedings in respect of which indemnity could have been sought hereunder by such Indemnitee unless such settlement (a) includes an unconditional release of such Indemnitee in form and substance reasonably satisfactory to such Indemnitee from all liability on claims that are the Issuing Banksubject matter of such proceedings and (b) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnitee. Notwithstanding the foregoing, any Indemnitee shall be required to refund or return any amount paid by Holdings, the Lead Borrower and/or any Subsidiary in each case accordance with the terms hereof for any claim, damage, loss, liability and/or expense to the extent such Indemnitee is not entitled to payment of the relevant amount in their respective capacitates accordance with the terms hereof. (c) Except as such). This expressly provided in Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.15, this Section 9.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any liabilities and expenses with respect to a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” and which shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)governed exclusively by Section 2.15. (d) To the fullest extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No party hereto shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless survive the resignation or removal of any Agent, any Issuing Bank, the replacement of any Lender, the termination of the expiration Commitments and the repayment, satisfaction or discharge of all the term other Obligations and the termination of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.

Appears in 2 contracts

Samples: Abl Credit Agreement (Claire's Holdings LLC), Abl Credit Agreement (Claire's Holdings LLC)

Expenses; Indemnity. (a1) The If the Transactions are consummated and the Closing Date occurs, the Borrower agrees to pay all reasonable reasonable, documented and documented or invoiced out-of-pocket fees expenses incurred by the Administrative Agent and expenses (i) incurred the Arrangers in connection with the preparation of this Agreement and the other Loan Documents, or by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and and, in the case of enforcement of this Agreement, each of their respective AffiliatesLender) in connection with the syndication of the Credit Facilities preparation, execution and the preparation and administration delivery, amendment, modification, waiver or enforcement of this Agreement and the other Loan Documents or in connection with the administration of this Agreement or the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not thereof, including the transactions hereby or thereby contemplated shall be consummated); providedreasonable, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, documented and invoiced fees and out-of-pocket charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral AgentArrangers (which shall be Xxxxxxx Xxxxxxx and Xxxxxxxx LLP), and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another one additional firm of counsel for each such group of affected Lenders, Persons similarly situated, situated taken as a whole). (b2) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agenteach Arranger, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any their respective directors, officers, employees, agents, advisors, controlling Persons, equityholders, partners, members and other representatives and each of the foregoing Persons their respective successors and permitted assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable reasonable, documented and documented or invoiced out-of-pocket fees and expenses (including limited to reasonable fees, disbursements and other charges documented legal fees of any environmental consultant and one a single firm of counsel for all Indemnitees Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees taken as a whole (and, in the case of an actual or perceived conflict of interest, where the applicable Indemnitees affected by such conflict informs the Borrower is informed of such conflict by the affected Indemnitees conflict, and such affected Indemnitees retain their has retained, or thereafter retains, its own counsel, counsel of another firm of an additional counsel for each group of affected Indemnitees, Indemnitees similarly situated, taken as a whole) of )), incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of of: (ia) the execution execution, delivery or delivery administration of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyDocument, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby hereby; (including the syndication of the Credit Facilities), (iib) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, Term Loans; or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (ivc) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether based in contract, tort or any other theory, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrower or any of their Restricted Subsidiaries or Affiliates or creditors (and including any investigation, preparation for, or defense of any pending or threatened claim, litigation, investigation or proceeding); provided that no Indemnitee will be indemnified for any loss, claim, damage, liability, cost or expense to the extent it: (i) has been determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (A) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties or (B) a material breach of the obligations of such Indemnitee under the Loan Documents or (ii) relates to any proceeding between or among Indemnitees other than (A) claims against Administrative Agent or Arrangers or their respective Affiliates), in each case, in their capacity or in fulfilling their role as the agent or arranger or any other similar role under a Term Facility (excluding their role as a Lender) to the extent such Persons are otherwise entitled to receive indemnification under this Section 10.05(2) or (B) claims arising out of any act or omission on the part of the Borrower or their Restricted Subsidiaries. (3) Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses claims, damages, liabilities and related out-of-pocket expenses, including reasonable, documented and invoiced fees, and out-of-pocket charges and disbursements of one firm of counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of counsel in each appropriate jurisdiction (which may include a single special counsel in multiple jurisdictions) for all Indemnitees taken as a whole (and, in the case of an actual or perceived conflict of interest where the applicable Indemnitees affected by such conflict informs the Borrower of such conflict, an additional counsel for each group of affected Indemnitees similarly situated, taken as a whole) and reasonable, documented and invoiced consultant fees, in each case, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result any claim related in any way to Environmental Laws and the Borrower or any of the Restricted Subsidiaries, or any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property for which the Borrower or any Restricted Subsidiaries would reasonably be expected to be held liable under Environmental Laws; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties. (4) Any indemnification or any of payments required by the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations Loan Parties under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) 10.05 shall not apply with respect to (a) Taxes other than (x) any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. claim and (cy) To the extent that the Borrower fails to pay any amount required to be paid by them expenses related to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each enforcement of their respective Affiliates) under paragraph (a) Section 2.14 or (b) Taxes that are duplicative of this Section 9.05, each Lender severally agrees to pay to any indemnification or payments required by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Loan Parties under Sections 2.12 or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)2.14. (d5) To the fullest extent permitted by applicable law, the Borrower no Indemnitee or Loan Party shall not assert, and each hereby waives, any claim against any Indemnitee or Loan Party, as applicable, nor will any Indemnitee, Loan Party or any of their respective Affiliates be liable, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Term Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee, Loan Party or any of their respective Affiliates shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby; provided that, nothing in this clause (5) shall relieve any Loan Party of any obligation it may otherwise have hereunder to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. (e6) The provisions of agreements in this Section 9.05 10.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bankother Obligations and the termination of this Agreement. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Impax Laboratories, LLC), Term Loan Credit Agreement (Amneal Pharmaceuticals, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to shall pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) all out of pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and Lender, the Arrangers (and each of their respective Affiliates) Affiliates (including the reasonable fees, charges and disbursements of counsel thereof), in connection with the syndication of the Credit Facilities and Facilities, the preparation preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby contemplated shall be consummated); provided, that (ii) all reasonable out of pocket expenses incurred by the Borrower shall not be responsible pursuant to this clause Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iiii) for all out of pocket expenses incurred by the reasonable Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank (including the fees, charges and disbursements of more than a single primary any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable feesall such out of pocket expenses incurred during any workout, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, restructuring or negotiations in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed respect of such conflict by the affected Lenders and such affected Lenders retain their own counsel, Loans or Letters of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)Credit. (b) The Borrower agrees to shall indemnify the Administrative Agent, Agent and the Collateral AgentAgent (and any sub-agent thereof), each Arranger, each Lender, the Issuing Bank and the Swingline Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claimsclaims (including any Environmental Claims or civil penalties or fines assessed by OFAC), damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and related expenses (including the reasonable fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andany Indemnitee), if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual incurred by any Indemnitee or perceived conflict of interest, where asserted against any Indemnitee by any third party or by the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or any such Indemnitee other GGS Company or any Affiliate thereof arising out of, in any way connected connection with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated hereby or thereby (including the syndication of the Credit Facilities), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the Loans or issuance documents presented in connection with such demand do not strictly comply with the terms of Letters such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or previously owned or operated by any GGS Company, or any Environmental Liability Claim related in any way to the Loan Partiesany GGS Company, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or not any Indemnitee is a party thereto (and regardless of other theory, whether such matter is initiated brought by a third party or by the Borrower, Borrower or any other Loan Party GGS Company or any Affiliate thereof, and regardless of their respective Affiliates); whether any Indemnitee is a party thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any officer, director or employee of its controlled Affiliates such Indemnitee or (y) result from a claim brought by the Borrower or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, GGS Company against an Indemnitee for material breach in each case, acting at the direction bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, (y) if the Borrower or such GGS Company has obtained a material breach of any of final and nonappealable judgment in its obligations under this Agreement favor on such claim as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimjurisdiction. (c) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05to be paid by it to the Administrative Agent or the Collateral Agent (or any sub-agent thereof), the Issuing Bank, the Swingline Lender or any Related Party of any of the foregoing (and without limiting the Borrower’s obligation to do so), each Lender severally agrees to pay to the Administrative Agent, Agent or the Collateral AgentAgent (or any such sub-agent), the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates)such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; , provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, Agent or the Collateral Agent, Agent (or any such sub-agent) or the Issuing Bank, Bank or the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent or the Collateral Agent (or any such sub-agent) or Issuing Bank or the Swingline Lender in connection with such capacity. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the fullest extent permitted by applicable lawApplicable Law, the Borrower no GGS Company shall not assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the TransactionsTransactions or the other transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Global Geophysical Services Inc), First Lien Credit Agreement (Global Geophysical Services Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) expenses, incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) its Affiliates in connection with the syndication consummation of the Credit Facilities Transactions contemplated hereby and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans Loan made or Letters of Credit issued hereunderhereunder (including, including with respect to this Section 8.05(a), the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Holland & Xxxxxxx Xxxx LLP, counsel for the Administrative Agent and the Collateral Agent, Lender and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative AgentLender); provided, however, that the Collateral Agent, Lenders’ legal fees for the Arrangers preparation and consummation of the transaction contemplated by this Agreement and the other Loan Documents and for preparation and consummation of the duplicate originals of the Loan Documents between the other Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed shall be capped at $50,000.00. If, however, such aggregate legal fees exceed such $50,000.00 cap, such excess legal fees shall be paid from the Litigation Proceeds and shall be in addition and shall not be a part of such conflict by the affected Lenders and such affected Lenders retain their own counsel, payment of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)the Loan Fee. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Lender Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of of: (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesBankruptcy Case), ; (ii) the proposed use of the proceeds of the Loans Loan; or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrower or any of their respective its Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawApplicable Law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the TransactionsTransactions contemplated hereby (including the Bankruptcy Case), any Loan or Letter of Credit or the use of the proceeds thereof. (ed) The provisions of this Section 9.05 8.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions Transactions contemplated hereby, the repayment of any of the LoansLoan, the expiration of the Commitments, the expiration of any Letter of CreditCommitment, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankLender. All amounts due under this Section 9.05 8.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Secured Super Priority Credit Agreement (Sco Group Inc), Secured Super Priority Credit Agreement (Sco Group Inc)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Co-Lead Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents Documents, or in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderthereof, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent, the Collateral Agent and the Collateral AgentCo-Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel per jurisdiction, and (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Agents or any Lender in each appropriate jurisdiction (which may include a single special connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Agents and the Lenders (including the reasonable fees, charges and their respective Affiliates) (disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Agents and the Co-Lead Arrangers, and, if necessary, the reasonable fees, charges and disbursements of one local counsel per jurisdiction and, in the case event of an actual or perceived any conflict of interest, where such additional counsel for each of the Borrower is informed Lenders retained with the consent of the Company to the extent of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeinterests). (b) The Borrower agrees Borrowers agree to indemnify the Administrative Agent, the Collateral AgentAgents, the Co-Lead Arrangers, each L/C Issuer, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, partners, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges of any environmental consultant and (limited to not more than one counsel for all Indemnitees andcounsel, plus, if necessary, one firm of local counsel in each appropriate jurisdiction per jurisdiction) (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (andexcept the allocated costs of in-house counsel), in the case of an actual incurred by or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of or otherwise relating to the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party a Borrower or any of their respective subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (1) the gross negligence or willful misconduct of such Indemnitee (for purposes this proviso only, each of the Administrative Agent, any Co-Lead Arranger, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee) or (2) any material breach of any Loan Document by such Indemnitee or (z) arose from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of any Borrower or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against any Agent or an Arranger in its capacity as such). Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim or liability related in any way to Environmental Laws and a Borrower or any of the Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any Real Property; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x1) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties (other than advisors) or (2) any material breach of any Loan Document by such Indemnitee. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersSponsors, directorsany Borrower or any of their respective subsidiaries, employeesAffiliates or stockholders or any other person or entity for any special, agentsindirect, advisors consequential or other representative punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations under this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender any Co-Lead Arranger, any L/C Issuer or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within fifteen (15) days of written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in each case in their respective capacitates as such). This Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative of any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to Taxes other than any Taxes, except Taxes that represent losses, claims, damages, etc. arising damages or losses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, the Borrower Borrowers shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, any L/C Issuer, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 2 contracts

Samples: First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp), First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses (iexpenses, to those of Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and X.X Xxxxxx taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction) incurred by the Arrangers and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or and in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) and (ii) all reasonable out-of-pocket expenses (but limited, that the Borrower shall not be responsible pursuant as to this clause (i) for the reasonable feeslegal fees and expenses, charges and disbursements of more than a single primary to one counsel for the Administrative Agentall such Persons taken as a whole, the Collateral Agentand, the Issuing Bankif reasonably necessary, the Swingline Lender and the Arrangers (and of one local counsel to all such Persons taken as a whole in each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (iimaterial jurisdiction) incurred by the Administrative Agent, the Collateral Agentany Issuing Bank, the Arrangers (and each of their respective Affiliates) Swingline Lender or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including including, without limiting the reasonable feesgenerality of the foregoing, charges costs and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent expenses incurred in connection with: (i) appraisals (subject to Section 5.12) and insurance reviews; and (ii) field examinations and the Collateral Agent, and, preparation of Reports as described in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole).Section 5.12; (b) The Borrower agrees to indemnify the Administrative Agenteach Arranger, the Collateral each Agent, each Lender, each Issuing Bank, the Issuing Bank Swingline Lender, the Floorplan Funding Agent and each Related Party of any of the foregoing Persons Persons’ Related Parties and their successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each material jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesFacility), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of the subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrower or the subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the officers, directors, employees, agents, advisors other Loan Documents or other representative of in connection with any of the foregoingtransaction contemplated hereby or thereby, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement case as determined by a court of competent jurisdiction in a final and non-appealable decision judgment or (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings or the Borrower after such property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer. The Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee or provides the Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent any of the foregoing items in clauses (zx) any dispute among Indemnitees and (other than a dispute involving claims against y) occurs. Notwithstanding the Administrative Agentforegoing, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This this Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent lossesTax matters, claims, damages, etc. arising from any non-Tax claimwhich shall be governed exclusively by Section 2.20. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.05(and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Arrangers, the Administrative Agent, the Collateral Agent, the Issuing BankBanks, the Swingline Lender or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of outstanding the Aggregate aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates or the respective directors, on officers, employees and agents of such party and such party’s Affiliates and (ii) any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing contained in this sentence shall limit the Borrower’s indemnification obligations to the extent such special, indirect, consequential and punitive damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankBanks. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (CDW Corp), Revolving Loan Credit Agreement (CDW Corp)

Expenses; Indemnity. (a) The Borrower agrees Holdco and Borrowers, jointly and severally, agree to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (Lead Arrangers, including the reasonable fees, charges and each disbursements of their respective Affiliates) Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Lead Arrangers, and local counsel, in connection with the syndication of the Credit Facilities and credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof and (whether or not the transactions hereby or thereby contemplated shall be consummated); providedii) all reasonable out-of-pocket expenses incurred by Lead Arrangers, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and (including its rights under this Section), the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereundermade, including the reasonable feesall such out-of-pocket expenses incurred during any workout, charges and disbursements restructuring or negotiations in respect of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agentsuch Loans, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single one counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all of the Administrative Agent, the Collateral Agent, the Lead Arrangers and the Lenders Lenders; provided, however, that Holdco and Borrowers shall not be obligated to pay for expenses incurred by a Lender in connection with the assignment of Loans to an assignee Lender (and their respective Affiliatesexcept pursuant to Section 2.20) (and, in or the case sale of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as Loans to a whole)Participant pursuant to Section 9.04. (b) The Borrower Each of Holdco and Borrowers, jointly and severally, agrees to indemnify the Administrative Agent, the Collateral Agent, the Syndication Agent, the Lead Arranger, each Lender, the Issuing Bank and each Related Party Affiliate of any of the foregoing Persons and each of their respective Related Parties (each such Person being called Person, an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented or invoiced out-of-pocket fees and expenses (expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties hereto or thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, or (and regardless iv) any actual or alleged presence or Release of whether such matter is initiated by a third party or by the BorrowerHazardous Materials on any property, any other Loan Party or any of their respective Affiliates)Environmental Liability or Environmental Action related in any way to Holdco, Borrowers or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable expenses are finally judicially determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) arisen by reason of the Indemnitee’s bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimmisconduct. (c) To the extent that the Borrower fails Holdco or Borrowers fail to promptly pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.059.05 (and without limiting their obligation so do so), each Lender severally agrees to pay to the Administrative such Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amountamount (other than syndication expenses); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative applicable Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) applicable Lead Arranger in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower Holdco and Borrowers shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, Transactions or any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days 10 Business Days after delivery of written demand therefor.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Emdeon Inc.), Second Lien Credit Agreement (Emdeon Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Co-Lead Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents Documents, or in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderthereof, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent, the Collateral Agent and the Collateral AgentCo-Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel per jurisdiction, and (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Agents or any Lender in each appropriate jurisdiction (which may include a single special connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Agents and the Lenders (including the reasonable fees, charges and their respective Affiliates) (disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Agents and the Co-Lead Arrangers, and, in if necessary, the case reasonable fees, charges and disbursements of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders one local counsel per jurisdiction and such affected Lenders retain their own counsel, of another firm of additional counsel for each group of affected Lenders, similarly situated, taken as a wholethe Lenders to the extent of any conflict of interests). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, the Co-Lead Arrangers, each L/C Issuer, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, partners, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges of any environmental consultant and (limited to not more than one counsel for all Indemnitees andcounsel, plus, if necessary, one firm of local counsel in each appropriate jurisdiction per jurisdiction) (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (andexcept the allocated costs of in-house counsel), in the case of an actual incurred by or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document Document, the Intercreditor Agreement, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of or otherwise relating to the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (1) the gross negligence or willful misconduct of such Indemnitee (for purposes this proviso only, each of the Administrative Agent, any Co-Lead Arranger, any L/C Issuer or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties (other than advisors), shall be treated as a single Indemnitee) or (2) any material breach of any Loan Document by such Indemnitee. Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any Real Property; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x1) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties (other than advisors) or (2) any material breach of any Loan Document by such Indemnitee. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersSponsors, directorsHoldings, employeesthe Borrower or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations under this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender any Co-Lead Arranger, any L/C Issuer or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in each case in their respective capacitates as such). This Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative of any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to Taxes other than any Taxes Taxes, except taxes that represent losses, claims, damages, etc. arising damages or losses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, any L/C Issuer, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 2 contracts

Samples: Amendment Agreement (CAESARS ENTERTAINMENT Corp), Amendment Agreement (CAESARS ENTERTAINMENT Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentLead Arrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent and the Arrangers (and each of their respective Affiliates) Collateral Agent in connection with the syndication of the Credit Facilities Term Facility and the preparation preparation, execution and delivery of this Agreement and the other Loan Documents (other than fees, charges and disbursements of any counsel to the Lead Arrangers) and (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent and the Collateral Agent in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) or incurred by the Lead Arrangers, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including in case of this clause (ii) the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, one primary counsel for such Persons taken as a whole (and, to the extent deemed reasonably necessary by the Administrative Agent and the Collateral Agentin its good faith discretion, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for to the Lead Arrangers, the Administrative Agent, the Collateral Agent, the Arrangers Agent and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole, and one special or regulatory counsel in each relevant specialty), and, solely in the case of a conflict of interest or a potential conflict of interest, one additional primary counsel (and, to the extent deemed reasonably necessary or advisable by the affected persons in their good faith discretion, one local counsel in each relevant jurisdiction and one special or regulatory counsel in each relevant specialty) to the affected persons, taken as a whole. (b) The Borrower agrees to indemnify the Lead Arrangers, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution syndication for the Initial Term Loans, the execution, delivery or delivery administration of this Agreement or any other Loan Document or any agreement or instrument contemplated therebydelivered herewith or therewith, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the Term Facility and the syndication of the Credit Facilitiesthereof), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)Affiliates or equity holders) or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrower or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available (A) to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted primarily from (x1) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee, (2) disputes solely among Indemnitees (or their Related Parties) (other than claims against any Indemnitee (x) in its capacity or in fulfilling its role as agent or arranger or any similar role under the Credit Agreement or (y) arising out of any act or omission on the part of the Borrower or any of its controlled Affiliates Subsidiaries or any Affiliates) or (B) in respect of legal fees or expenses of the officersIndemnitees, directorsother than the reasonable invoiced fees, employeesexpenses and charges of one primary counsel for all Indemnitees taken as a whole (and to the extent deemed reasonably necessary by the Administrative Agent in its good faith discretion, agents, advisors or other representative of any of the foregoing, one local counsel in each caserelevant jurisdiction and one special or regulatory counsel in each relevant specialty), acting at and solely in the direction case of such Indemniteea conflict of interest or a potential conflict of interest, one additional primary counsel (y) a material breach of any of its obligations under this Agreement as determined and, to the extent deemed reasonably necessary by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative AgentAgent in its good faith discretion, the Swingline Lender or the Issuing Bank, one local counsel in each case relevant jurisdiction and one special or regulatory counsel in their respective capacitates each relevant specialty) to the affected Indemnitees, taken as such)a whole. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. Payments under this Section shall be made by the Borrower to the Administrative Agent for the benefit of the relevant Indemnitee. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers any Agent (or each of their respective AffiliatesAffiliate thereof) under paragraph (aSections 9.05(a) or (b) of this Section 9.05), each Lender severally agrees to pay to the Administrative such Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such LenderXxxxxx’s pro rata share Pro Rata Share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers Agent (or each of their respective AffiliatesAffiliate thereof) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” Pro Rata Share shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no Loan Party shall not assert, and hereby waives, any claim against any Indemnitee, and no Indemnitee shall assert, and hereby waives, any claim against any Loan Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated herebydelivered in connection herewith or therewith, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing contained in this sentence will limit the indemnity obligations of any Loan Party to the extent indirect, special, punitive or consequential damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder. (e) No Indemnitee seeking indemnification or reimbursement under this Agreement will, without the Borrower’s prior written consent (not to be unreasonably withheld, delayed or conditioned), settle, compromise, consent to the entry of any judgment in or otherwise seek to terminate any claim, litigation, action, investigation or proceeding referred to herein; provided that the foregoing indemnity will apply to any such settlement in the event that (i) the Borrower was offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to so assume or (ii) such settlement is entered into more than seventy-five (75) days after receipt by the Borrower of a request by the applicable Indemnitee for reimbursement of its legal or other expenses incurred in connection with such claim, litigation, action, investigation or proceeding and the Borrower not having reimbursed such Indemnitee in accordance with such request prior to the date of such settlement (provided that the foregoing indemnity will not apply to any settlement made in accordance with this clause (ii) if the Borrower is disputing such expenses in good faith), and the foregoing indemnity will also apply to any settlement with the Borrower’s written consent or if there is a final judgment for the plaintiff against an Indemnitee in any such proceeding. (f) Notwithstanding the foregoing, each Indemnitee (and its Related Parties) shall be obligated to refund and return promptly any and all amounts paid by the Loan Parties under Section 9.05(b) to such Indemnitee (or such Related Party) for any such fees, expenses or damages to the extent such Indemnitee (or such Related Party) is not entitled to payment of such amounts in accordance with the terms hereof, as determined by a final non-appealable judgment of a court of competent jurisdiction. (g) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Credit Agreement (Altice USA, Inc.), Credit Agreement (Altice USA, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the each Issuing Bank, the Swingline Lender and the Arrangers (each Lead Arranger and each Related Party of their respective Affiliates) any of the foregoing Persons in connection with the syndication of the Credit Facilities and the preparation preparation, execution, delivery and administration of this Agreement and the other Loan Credit Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) (but limited, that the Borrower shall not be responsible pursuant with respect to this clause (i) for legal expenses, to the reasonable and documented fees, disbursements and other charges of one single firm of primary counsel, one single firm of special counsel and disbursements one firm of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single additional local counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or applicable jurisdiction) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (each Issuing Bank, each Lead Arranger, each Lender and each Related Party of their respective Affiliates) or any Lender of the foregoing Persons in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Credit Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, hereunder or in connection with any such enforcement refinancing or protectionrestructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (but limited, with respect to legal expenses, to the reasonable and documented fees, disbursements and other charges and disbursements of a one single counsel in each appropriate jurisdiction (which may include a single firm of primary counsel, one firm of special counsel acting in multiple jurisdictions) and one firm of additional local counsel for each applicable jurisdiction to the Administrative Agent, the Collateral Agent, the Arrangers each Issuing Bank and the Lenders (each Lead Arranger, taken as a whole, and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another one additional single firm of primary counsel and one firm of additional local counsel for each group of affected applicable jurisdiction to the Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lead Arranger, each Lender, the each Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, penalties, claims, damages, liabilities liabilities, obligations, fines and related expenses, including reasonable counsel fees, charges and disbursements (but limited, with respect to legal expenses, to the reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessarysingle firm of primary counsel, one firm of special counsel and one additional firm of local counsel in for each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all similarly situated Indemnitees (andit being agreed that, in the case of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected interest between or among any Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower Indemnitees shall be deemed not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans similarly situated and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.each

Appears in 2 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)

Expenses; Indemnity. (a) The Each Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent in connection with the preparation of this Agreement and the other Loan Documents, or by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) any Syndication Agent or any Documentation Agent in connection with the syndication of the Credit Facilities and Commitments, or by the preparation and Administrative Agent in connection with the administration of this Agreement and the other Loan Documents or (including expenses incurred in connection with due diligence, initial and ongoing appraisals and Collateral examinations to the extent incurred in accordance with the terms of this Agreement, mortgage recordings, title registrations, Uniform Commercial Code filings and other filings in connection with the creation and perfection of the Liens of the Collateral Agent (the priority thereof) as contemplated hereby or in other Loan Documents and the reasonable fees, disbursements and the charges of no more than one counsel in each jurisdiction where Collateral is located) or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not such amendment, waiver or modification is approved by the transactions hereby or thereby contemplated shall be consummatedapplicable Lenders); provided, that including the Borrower shall not be responsible pursuant to this clause (i) reasonable and documented fees, charges and disbursements of Xxxxxxx Xxxxxxx & Xxxxxxxx LLP, counsel for the Agents and the reasonable fees, charges and disbursements of more than a single primary one local counsel for per applicable jurisdiction, and (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral AgentAgents, the Issuing BankBanks, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any other Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable documented fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include for all such persons, taken as a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) whole (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the U.S. Borrower is informed of such conflict by and thereafter retains its own counsel with the affected Lenders U.S. Borrower’s prior written consent (not to be unreasonably withheld), the reasonable and such affected Lenders retain their own counseldocumented fees, charges and disbursements of another firm of counsel for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Borrower agrees Borrowers agree to indemnify the Administrative AgentAgents, the Collateral AgentSyndication Agents, the Documentation Agents, the Joint Lead Arrangers, each Issuing Bank, the Swingline Lender, the Issuing Bank each other Lender, each of their respective successors and assigns and each of their Related Party of any of the foregoing Persons Parties (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where such Indemnitee affected by such conflict informs the U.S. Borrower is informed of such conflict by and thereafter retains its own counsel with the affected Indemnitees and such affected Indemnitees retain their own counselU.S. Borrower’s prior written consent (not to be unreasonably withheld), of another firm of counsel such for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (thereto, and regardless of whether such matter any of the foregoing is raised or initiated by a third party or by the Borrowerany Borrower (including its equity holders, affiliates, creditors, or any other person) or any other Loan Party or any of their respective Affiliates)Subsidiary; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have (A) resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any (B) arisen from a material breach by such Indemnitee of its controlled Affiliates funding obligations hereunder or under the other Loan Documents, or (y) have arisen from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the U.S. Borrower or any Subsidiary Loan Party or any of their respective Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against the officersAgents, directorsany Joint Lead Arranger, employeesany Syndication Agent, agentsany Documentation Agent, advisors the Issuing Bank or other representative of any of the foregoingSwingline Lender, in each casecase in such capacity) (for purposes of this proviso only, acting at each of the direction Agents, Joint Lead Arrangers, Issuing Banks, the Swingline Lender, any other Lenders shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with or as a result of (a) any claim or liability related in any way to Environmental Laws and Holdings, the U.S. Borrower or any of their Subsidiaries, or (b) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property currently or formerly owned, leased or operated by any predecessor of Holdings, the U.S. Borrower or any of their Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (yx) a material breach of any of its obligations under this Agreement as are determined by a court of competent jurisdiction in a by final and non-appealable decision by nonappealable judgment to have (A) resulted primarily from the gross negligence or willful misconduct of such Indemnitee or (zB) arisen from a material breach by such Indemnitee of its funding obligations hereunder or under the other Loan Documents, or (y) have arisen from any dispute among Indemnitees claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the U.S. Borrower or any Subsidiary Loan Party or any of their respective Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a dispute involving claims any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative AgentAgents, any Joint Lead Arranger, the Swingline Lender Syndication Agents, the Documentation Agents, the Issuing Bank or the Issuing BankSwingline Lender, in each case in such capacity). None of the Indemnitees (or any of their respective capacitates Affiliates) shall be responsible or liable to any Loan Party, any of its subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as such)a result of the facilities hereunder or the Transactions. This The provisions of this Section 9.05(b9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, any Issuing Bank or any Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.18, this Section 9.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising losses or damages from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, Holdings and the Borrower Borrowers shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless survive the resignation of the expiration Agents or any Issuing Bank, the replacement of any Lender, the termination of the term Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Hexion Inc.), Amendment Agreement (Hexion Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each of their respective Affiliates) its Affiliates in connection with the syndication of the Credit Facilities credit facilities provided for herein, the preparation, negotiation, execution and the preparation delivery and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause ) (i) for the including reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent), (ii) all reasonable out-of-pocket expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender and each Issuing Bank (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the any Lender or any Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its their rights (A) in connection with this Agreement and the other Loan Documents Documents, including its rights under this Section, or (B) in connection with the Loans made or the Letters of Credit issued hereunder, including all such out-of-pocket costs incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided that, the reasonable fees, charges Borrower’s obligations under this Section 9.05(a) for fees and disbursements expenses of Xxxxxx Xxxxxx & Xxxxxxx LLP, legal counsel shall be limited to fees and expenses of (x) one primary outside legal counsel for all persons described in clauses (i) through (ii) above, taken as a whole, (y) in the Administrative Agent and the Collateral Agentcase of any actual or perceived conflict of interest, andone outside legal counsel for each group of affected Persons similarly situated, taken as a whole, in connection with any such enforcement each appropriate jurisdiction and (z) if necessary, one local or protection, the reasonable fees, charges and disbursements of a single foreign legal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to shall indemnify the Administrative Agent, Lead Arranger, the Collateral AgentAgents, each Issuing Bank, each Lender, the Issuing Bank their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees and agents (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related costs and expenses, including reasonable counsel fees, charges and documented or invoiced outdisbursements (except the allocated costs of in-of-pocket house counsel and limited to the fees and expenses of (including reasonable feesx) one primary outside legal counsel to the Indemnitees, disbursements and other charges taken as a whole, (y) in the case of any environmental consultant and actual or perceived conflict of interest, one outside legal counsel for all Indemnitees andeach group of affected Persons similarly situated, taken as a whole, in each appropriate jurisdiction and (z) if necessary, one firm of local or foreign legal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and)), in the case of an actual incurred by or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the Loans or issuance documents presented in connection with such demand do not strictly comply with the terms of Letters such Letter of Credit, ) or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or not any Indemnitee is a party thereto (and regardless of other theory, whether such matter is initiated brought by a third party or party, by the Borrower, Borrower or any other Loan Party or any of their respective Affiliates)the Borrower’s or such Loan Party’s directors, shareholders or creditors; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are (x) determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates (y) result from a claim brought by the Borrower or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, Loan Party against an Indemnitee for breach in each case, acting at the direction bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, (y) if the Borrower or such Loan Party has obtained a material breach of any of final and nonappealable judgment in its obligations under this Agreement favor on such claim as determined by a court of competent jurisdiction jurisdiction. The provisions of this Section 9.05 shall remain operative and in a final full force and non-appealable decision effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment, satisfaction and discharge of any of the Obligations, the resignation of the Administrative Agent or any Issuing Bank or any Swingline Lender, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against on behalf of the Administrative Agent, the Swingline Lender any Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable no later than ten Business Days after written demand therefor, in each case in their respective capacitates as such)accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction (ed) The provisions To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section 9.05 shall remain operative and in full force and effect regardless of to be paid by it to the expiration of the term of this AgreementAdministrative Agent (or any sub-agent thereof), the consummation of the transactions contemplated hereby, the repayment any Issuing Bank or any Related Party of any of the Loansforegoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the expiration applicable Issuing Bank or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the Commitmentstime that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the expiration unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the applicable Issuing Bank in its capacity as such, or against any Related Party of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement foregoing acting for the Administrative Agent (or any other Loan Document such sub-agent) or any investigation made by or on behalf applicable Issuing Bank in connection with such capacity. The obligations of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due Lenders under this subsection (d) are subject to the provisions of Section 9.05 shall be payable within thirty (30) days after written demand therefor2.18(f).

Appears in 2 contracts

Samples: Support Agreement (Affinion Group Holdings, Inc.), Credit Agreement (Affinion Group Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses (iexpenses, to those of Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Arrangers taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction) incurred by the Arrangers and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or and in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) and (ii) all reasonable out-of-pocket expenses (but limited, that the Borrower shall not be responsible pursuant as to this clause (i) for the reasonable feeslegal fees and expenses, charges and disbursements of more than a single primary to one counsel for the Administrative Agentall such Persons taken as a whole, the Collateral Agentand, the Issuing Bankif reasonably necessary, the Swingline Lender and the Arrangers (and of one local counsel to all such Persons taken as a whole in each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (iimaterial jurisdiction) incurred by the Administrative Agent, the Collateral Agentany Issuing Bank, the Arrangers (and each of their respective Affiliates) Swingline Lender or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including including, without limiting the reasonable feesgenerality of the foregoing, charges costs and disbursements expenses incurred in connection with: (i) appraisals (subject to Section 5.12) and insurance reviews; and (ii) field examinations and the preparation of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel Reports based on the fees charged by a third party retained by the Majority Agents or the internally allocated fees for each Person employed by the Administrative Agent and the Co-Collateral AgentAgents with respect to each field examination; provided, andhowever, in connection with any such enforcement or protection, that absent the reasonable fees, charges occurrence and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case continuation of an actual or perceived conflict Event of interestDefault, where no more than one (1) field examination per year shall be conducted at the Borrower expense of the Borrower; provided, however, if on any date during any year the sum of (A) aggregate outstanding principal amount of the Loans plus (B) the aggregate amount of LC Exposure plus (C) the aggregate outstanding amount of unreimbursed Floorplan Loan Payments exceeds 65% of the aggregate Commitments in effect at such time for more than five (5) consecutive Business Days, one (1) additional field examination may be conducted at the expense of the Loan Parties during the twelve (12)-month period immediately succeeding such date (it being understood, however, that, so long as no Event of Default is informed continuing, no more than two (2) such field examinations per calendar year shall be conducted at the expense of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeLoan Parties).; (b) The Borrower agrees to indemnify the Administrative Agenteach Arranger, the Collateral each Agent, each Lender, each Issuing Bank, the Issuing Bank Swingline Lender, the Floorplan Funding Agent and each Related Party of any of the foregoing Persons Persons’ Affiliates and the respective directors, officers, employees and agents of such Person and such Person’s Affiliates and their successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each material jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesFacility), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of Credit,, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of the subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrower or the subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the other Loan Documents or in connection with any transaction contemplated hereby or thereby or (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings or the Borrower after such property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer. The Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee provides the officers, directors, employees, agents, advisors or other representative of Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent any of the foregoing, foregoing items in each case, acting at the direction of such Indemnitee, clauses (x) and (y) a material breach of any of its obligations under occurs. Notwithstanding the foregoing, this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent lossesTax matters, claims, damages, etc. arising from any non-Tax claimwhich shall be governed exclusively by Section 2.20. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.05(and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Arrangers, the Administrative Agent, the Collateral Agent, the Issuing BankBanks, the Swingline Lender or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of outstanding the Aggregate aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates or the respective directors, officers, employees and agents of such party and such party’s Affiliates and (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankBanks. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (CDW Finance Corp), Revolving Loan Credit Agreement (CDW Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or by the Administrative Agent or the Collateral Agent in connection with the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one outside counsel and, if necessary one local counsel in each jurisdiction where Collateral is located and one outside counsel to the Collateral Agent) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, hereunder (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate per relevant jurisdiction (which may include a single special and one outside counsel acting in multiple jurisdictions) for the Administrative Agent, to the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, each Lender, the Issuing Bank Lender and each Related Party of any their respective Affiliates, successors and assigns and the directors, trustees, officers, employees, advisors, controlling persons and agents of each of the foregoing Persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees costs and related expenses (including reasonable documented fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees Xxxxxxx Xxxxxxx & Xxxxxxxx LLP and, if necessary, one firm of local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situatedAgents, taken as a whole, in each relevant jurisdiction and one outside counsel to the Collateral Agent) of incurred by or asserted against any such Indemnitee arising out of, in any way connected withrelating to, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses (x) are determined by a judgment of a court of competent jurisdiction to have resulted by reason of the gross negligence, bad faith or willful misconduct of, or breach by, such Indemnitee (or its Related Parties), (y) arise out of any claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (or its Related Parties) (other than any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of the Borrower or any of its Affiliates and arises out of disputes among the Lenders and/or their transferees. Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable out-of-pocket documented costs and reasonable out-of-pocket costs and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel plus, if necessary, one local counsel in each relevant jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Property, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of of, or breach by, such Indemnitee or any of its controlled Affiliates Related Parties. The Borrower shall not be liable for any settlement of any proceeding referred to in this Section 9.05 effected without the Borrower’s written consent (such consent not to be unreasonably withheld or delayed); provided, however, that the Borrower shall indemnify the Indemnitees from and against any loss or liability by reason of such settlement if the Borrower was offered the right to assume the defense of such proceeding and did not assume such defense or such proceeding was settled with the written consent of the officersBorrower, directors, employees, agents, advisors or other representative of any of the foregoingsubject to, in each case, acting at the direction of Borrower’s right in this Section 9.05 to claim an exemption from such Indemnitee, (y) a material breach of indemnity obligations. The Borrower shall indemnify the Indemnitees from and against any of its obligations under this Agreement as determined by a court of competent jurisdiction final judgment for the plaintiff in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, proceeding referred to in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay subject to the Administrative AgentBorrower’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Borrower shall not, without the Collateral Agentprior written consent of any Indemnitee, the Issuing Bank, the Swingline Lender effect any settlement of any pending or the Arrangers threatened proceeding in respect of which such Indemnitee is a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is soughti) includes an unconditional release of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, Indemnitee from all liability or related expenseclaims that are the subject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, as the case may be, was incurred culpability or a failure to act by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each on behalf of their respective Affiliates) in its capacity as suchany Indemnitee. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, each party hereto hereby waives for itself (and, in the Borrower shall not assertcase of the Borrower, and hereby waives, for each other Loan Party) any claim against any IndemniteeLoan Party, any Lender, any Agent and their respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, or as a result of, or in any way related to, this Agreement or any Loan Document or any agreement or instrument contemplated herebyhereby or thereby or referred to herein or therein, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. thereof or any act or omission or event occurring in connection therewith, and each party hereto (eand in the case of the Borrower on behalf of each other Loan Party) hereby waive, release and agree not to xxx upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the LoansObligations, the expiration termination of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agents or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes.

Appears in 2 contracts

Samples: Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)

Expenses; Indemnity. (a) The Borrower Alcoa agrees to pay or cause one or more other Borrowers to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLPXxxxx, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protectionenforcement, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and Agent or any Lender. Alcoa further agrees to indemnify or cause one or more other Borrowers to indemnify the Lenders (from and their respective Affiliates) (andhold them harmless against any documentary taxes, in assessments or charges made by any Governmental Authority by reason of the case execution and delivery of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)this Agreement. (b) The Borrower Alcoa agrees to indemnify or cause one or more other Borrowers to indemnify the Administrative Agent, the Collateral Agentits Affiliates, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective directors, officers, employees and agents (each such Person person being called an "Indemnitee") against, and to hold or cause one or more other Borrowers to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyhereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee Indemnitee. The Administrative Agent and each Lender agrees to promptly notify Alcoa of any claims relating to clauses (i), (ii) or any of its controlled Affiliates or any (iii) of the officersnext preceding sentence; provided, directorshowever, employees, agents, advisors or other representative of that any of the foregoing, in each case, acting at the direction of failure to deliver any such Indemnitee, (y) a material breach of any of notice shall not relieve Alcoa from its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or paragraph (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as suchb). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Agreement, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by each of the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Xxxxx Fargo Securities, LLC, SunTrust Xxxxxxxx Xxxxxxxx, Inc. and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents delivered on the Closing Date and the syndication of the facilities provided for herein (whether or not the transactions hereby contemplated shall be consummated), (ii) incurred by the Administrative Agent in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant including without limitation, all costs related to this clause (i) for the reasonable fees, charges and disbursements electronic or internet distribution of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), information hereunder or (iiiii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights (as such rights may relate to the Borrower or any Restricted Subsidiary) in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, in each case including the reasonable fees, charges and documented out-of-pocket fees and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such “work-out” or any enforcement or protectionprotection of the rights of the Lenders or the Administrative Agent hereunder, any other counsel for the Administrative Agent and counsel for any Lender; provided, however, that in connection with any one such action or any separate but substantially similar or related actions in the same jurisdiction, the reasonable fees, charges Borrower shall not be liable for the fees and disbursements expenses of a single more than one counsel to the Administrative Agent (along with one local counsel in each appropriate jurisdiction (which may include a single special applicable jurisdiction) and one separate counsel acting in multiple jurisdictions) for to the Administrative Agent, the Collateral Agent, the Arrangers Lenders and the Lenders Issuing Bank (and their respective Affiliates) (andalong with one local counsel in each applicable jurisdiction), in the case of unless there shall exist an actual or perceived conflict of interestinterest among such Persons, where the Borrower is informed of and in such conflict by case, not more than one additional counsel to the affected Lenders and such affected Lenders retain their own counsel, of another firm of parties (along with one additional local counsel for in each group of affected Lenders, similarly situated, taken as a wholeapplicable jurisdiction). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, and the Issuing Bank and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents and Affiliates (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, obligations, actions or causes of action brought by a third party, settlement payments and related expenses, including reasonable and documented or invoiced out-of-pocket counsel fees and expenses expenses, incurred, suffered, sustained or required to be paid by or asserted against any Indemnitee by reason of or resulting from or in connection with any claim, litigation, investigation or proceeding (including reasonable fees, disbursements and other charges regardless of whether any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include Indemnitee is a single special counsel acting in multiple jurisdictionsparty thereto) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of related to (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), or (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit; provided, (iii) any Environmental Liability related in any way to the Loan Partieshowever, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x1) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of (2) the officers, directors, employees, agents, advisors or other representative of any of the foregoing, breach in each case, acting at the direction bad faith by such Indemnitee of such Indemnitee’s obligations under any Loan Document, or (y) a material breach constitute amounts in respect of Excluded Taxes. Promptly after receipt by an Indemnitee of notice of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender complaint or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply commencement of any action or proceeding with respect to Taxes other than any Taxes that represent losseswhich indemnification is being sought hereunder, claimssuch Person shall notify the Borrower of such complaint or of the commencement of such action or proceeding, damages, etc. arising but failure so to notify the Borrower will relieve the Borrower from any non-Tax liability which the Borrower may have hereunder only if and to the extent that such failure results in the forfeiture by the Borrower of substantial rights and defenses, and shall not in any event relieve the Borrower from any other obligation or liability that the Borrower may have to any Indemnitee otherwise than under this Agreement. If the Borrower so elects or is requested by such Indemnitee, the Borrower shall assume the defense of such action or proceeding, including the employment of counsel reasonably satisfactory to the Indemnitee and the payment of the reasonable fees and disbursements of such counsel. In the event, however, such Indemnitee reasonably determines in its judgment that having common counsel would present such counsel with a conflict of interest or if the defendant in, or targets of, any such action or proceeding include both the Indemnitee and the Borrower, and such Indemnitee reasonably concludes that there may be legal defenses available to it or other Indemnitees that are different from or in addition to those available to the Borrower or if the Borrower fails to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to such Indemnitee, in either case in a timely manner, then the Indemnitee may employ separate counsel to represent or defend it in any such action or proceeding and the Borrower shall pay the reasonable fees and disbursements of such counsel. In any action or proceeding the defense of which the Borrower assumes, the Indemnitee shall have the right to participate in such litigation and to retain its own counsel at the Indemnitee’s own expense. The Borrower further agrees that it shall not, without the prior written consent of the Indemnitee, settle or compromise or consent to the entry of any judgment in any pending or threatened claim, action, suit or proceeding in respect of which indemnification may be sought hereunder (whether or not an Indemnitee is an actual or potential party to such claim, action, suit or proceeding) unless such settlement, compromise or consent includes (i) an unconditional release of each Indemnitee hereunder from all liability arising out of such claim, action, suit or proceeding or (ii) a covenant not to xxx each Indemnitee, or another similar alternative which is consented to by each Indemnitee party to such claim, action, suit or proceeding, which covenant not to xxx or other approved alternative has the effect of an unconditional release of each Indemnitee hereunder from all liability arising out of such claim, action, suit or proceeding. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after upon written demand therefor.

Appears in 2 contracts

Samples: Senior Unsecured Revolving Credit Agreement, Senior Unsecured Revolving Credit Agreement (Choice Hotels International Inc /De)

Expenses; Indemnity. (a) The Borrower Issuer agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Trustee or the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication preparation of the Credit Facilities this Indenture and the preparation and other Note Documents, or by the Trustee or the Collateral Agent in connection with the administration of this Agreement Indenture and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderthereof, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, legal counsel for the Administrative Agent Trustee and the Collateral Agent, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of one local counsel per jurisdiction, and (ii) all out-of-pocket expenses incurred by the Trustee, the Collateral Agent or any Noteholder Party in connection with the enforcement of their rights in connection with this Indenture and the other Note Documents, in connection with the Notes purchased hereunder, including the fees, charges and disbursements of a single counsel for the Noteholder Parties and separate counsel for the Trustee and Collateral Agent, and, if necessary, a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the Borrower is informed Issuer of such conflict by and thereafter retains its own counsel with the affected Lenders and such affected Lenders retain their own counselIssuer’s prior written consent (not to be unreasonably withheld), of another firm of counsel such for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Borrower Issuer agrees to indemnify the Administrative AgentTrustee, the Collateral Agent, each LenderNoteholder Party, the Issuing Bank each of their respective Affiliates, successors and assignors, and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents, trustees, advisors and members (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where the Borrower is informed Indemnitee affected by such conflict informs the Issuer of such conflict by and thereafter retains its own counsel with the affected Indemnitees and such affected Indemnitees retain their own counselIssuer’s prior written consent (not to be unreasonably withheld), of another firm of counsel for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement Indenture or any other Loan Note Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including hereby and in the syndication case of the Credit Facilities)Trustee and its related Indemnitees, the acceptance and administration of the trust or trusts hereunder, (ii) any violation of or liability under Environmental Laws by the proposed use of the proceeds of the Loans Issuer or issuance of Letters of Creditany Subsidiary, (iii) any Environmental Liability related in any way actual or alleged presence, Release or threatened Release of or exposure to the Loan PartiesHazardous Materials at, any of their respective subsidiaries under, on, from or to any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Issuer or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Issuer or any of their respective Affiliates)subsidiaries or Affiliates including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of its powers or duties hereunder or in connection with the enforcement of these provisions; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or (y) arose from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the Issuer or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against the officersTrustee or the Collateral Agent in its capacity as such). None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Fund, directorsHoldings, employeesthe Issuer or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Transactions. The provisions of this Section 11.07 shall remain operative and in full force and effect regardless of the expiration of the term of this Indenture, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations this Indenture or any other Note Document, or any investigation made by or on behalf of the Trustee or any Noteholder Party. All amounts due under this Agreement as determined Section 11.07 shall be payable within 15 days after written demand therefor accompanied by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply reasonable documentation with respect to Taxes any reimbursement, indemnification or other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimamount requested. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, Holdings and the Borrower Issuer shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Indenture, any other Note Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit Notes or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Indenture or the other Note Documents or the transactions contemplated hereby or thereby. (d) To secure the Issuer’s and the Guarantors’ payment obligations in this Section 11.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that such Lien shall not apply to money and property held in trust to pay principal of, premium on, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture, rejection or termination under the Bankruptcy Code, and resignation or removal of the Trustee. (e) When the Trustee incurs expenses or renders services after an Event of Default specified in clause (h) or (i) of Section 10.01 hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under the Bankruptcy Code. (f) The provisions of agreements in this Section 9.05 11.07 shall remain operative and in full force and effect regardless survive the resignation of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative AgentTrustee, the Collateral Agent, the replacement of any Lender Noteholder Party and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforIndenture.

Appears in 2 contracts

Samples: Indenture (Fresh Market Holdings, Inc.), Indenture (Fresh Market Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees Borrowers hereby agree to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents Documents, or by the Administrative Agent or the Collateral Agent in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderthereof, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx Milbank LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of one local counsel per jurisdiction, and (ii) all reasonable and documented out-of-pocket expenses (including Other Taxes) incurred by the Agents or any Lender in connection with the enforcement of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made hereunder, including the fees, charges and disbursements of a single counsel for all such persons, taken as a whole, and, if necessary, a single local counsel in each appropriate jurisdiction (which may include for all such persons, taken as a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) whole (and, in the case of an actual or perceived conflict of interest, interest where such person affected by such conflict informs the Primary Borrower is informed of such conflict by and thereafter retains its own counsel with, in the affected Lenders and such affected Lenders retain their own counselcase of any Lender, the Primary Borrower’s prior written consent (not to be unreasonably withheld), of another firm of counsel for each group of such affected Lenders, similarly situated, taken as a wholeperson). (b) The Each Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank each of their respective Affiliates, successors and assignors, and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents, trustees, advisors and members (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (excluding the allocated costs of in house counsel and other charges of any environmental consultant and limited to not more than one counsel for all Indemnitees such Indemnitees, taken as a whole, and, if necessary, one firm of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, interest where the Indemnitee affected by such conflict informs the Primary Borrower is informed of such conflict by and thereafter retains its own counsel with, in the affected Indemnitees and such affected Indemnitees retain their own counselcase of any Lender, the Primary Borrower’s prior written consent (not to be unreasonably withheld), of another firm of counsel for each group of such affected IndemniteesIndemnitee)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any violation of or liability under Environmental Liability related Laws to the extent relating in any way to the Loan Parties, any of their respective subsidiaries Borrower or any Subsidiary, (iv) any actual or alleged presence, Release or threatened Release of or exposure to Hazardous Materials at, under, on, from or to any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Borrower or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (ivv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (y) arose from a material breach of such Indemnitee’s or any of its Related Parties’ obligations under this Agreement any Loan Document (as determined by a court of competent jurisdiction in a final and final, non-appealable decision by such Indemnitee judgment) or (z) arose from any dispute among Indemnitees claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of any Borrower or any of its Affiliates and is brought by an Indemnitee against another Indemnitee (other than a dispute involving claims any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent, the Swingline Lender or the Issuing Bank, any Agent in each case in their respective capacitates its capacity as such). This None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Permitted Holders, the Borrowers or any of their respective subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05(b9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any Lender. All amounts due under this Section 9.05 shall be payable within 15 days after written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to any Taxes (other than any Taxes that represent losses, claims, damages, etc. arising liabilities and related expenses resulting from any a non-Tax claim. (c) To ), which shall be governed exclusively by Section 2.17 and, to the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentset forth therein, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)2.15. (d) To the fullest extent permitted by applicable law, the Borrower Borrowers shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, Agent or the Collateral Agent, the replacement of any Lender Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Chicken Soup for the Soul Entertainment, Inc.), Credit Agreement (Chicken Soup for the Soul Entertainment, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding documentary Taxes) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including the reasonable fees, disbursements and the other Loan Documents charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxx Xxxx & Xxxxxxx LLPXxxxxxxx, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of any other counsel (including the reasonable allocated costs of internal counsel if a single Lender elects to use internal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionslieu of outside counsel) for the Administrative AgentAgents, any Issuing Bank or any Lender (but no more than one such counsel for any Lender); provided that it is understood that the Collateral AgentBorrower shall not, in respect of the Arrangers and legal expenses of the Lenders (and their respective Affiliates) (and, in connection with any proceeding or related proceedings in the case same jurisdiction, be liable for the fees and expenses of an actual or perceived conflict of interest, where the Borrower is informed of such conflict more than one law firm (in addition to any local counsel) for all Lenders designated by the affected Lenders Administrative Agent and that all such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken fees and expenses shall be reimbursed as a whole)they are incurred. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, affiliates and controlling persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, obligations, penalties, actions, judgments, suits, costs, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, obligations, penalties, actions, judgments, suits, costs, claims, damages, liabilities or related expenses result primarily from the gross negligence or wilful misconduct of such Indemnitee (treating, for the purpose set forth in this clause (iii) only, (x) any Agent and regardless its Related Parties as a single Indemnitee, (y) any Issuing Bank and its Related Parties as a single Indemnitee and (z) any Lender and its Related Parties as a single Indemnitee). Subject to and without limiting the generality of whether such matter is initiated by a third party or by the Borrowerforegoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any other Loan Party and all losses, obligations, penalties, actions, judgments, suits, costs, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Liability related in any way to the Borrower or any of their respective Affiliates); the Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials on any property currently or formerly owned, leased or operated by any predecessor of the Borrower or any of the Subsidiaries, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)Related Parties. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor. (c) Unless an Event of Default shall have occurred and be continuing, the Borrower shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of its choice at its expense (in which case the Borrower shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding the Borrower’s election to assume the defense of such action, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, and the Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by the Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to the Borrower (in which case the Borrower shall not have the right to assume the defense of such action on behalf of such Indemnitee); (iii) the Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action; or (iv) the Borrower shall authorize in writing such Indemnitee to employ separate counsel at the Borrower’s expense; provided further that the Borrower shall not enter into any settlement on behalf of any Indemnitee without the prior written consent of such Indemnitee (which consent shall not be unreasonably withheld; provided, that the Borrower acknowledges and agrees that it shall be reasonable for any Indemnitee to withhold its consent to the entry of any settlement against such Indemnitee that (i) by its terms or effect is contrary to such Indemnitee’s internal policies and procedures, or (ii) includes an admission or acknowledgment of any liability or responsibility whatsoever on the part of such Indemnitee, or any of its directors, trustees, officers, employees, agents, affiliates and controlling persons). (d) The Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims or actions if the settlement is entered into without the Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims or actions against, and defenses available to, such Indemnitee. (e) Notwithstanding anything to the contrary in this Section 9.05, this Section 9.05 shall not apply to Taxes, it being understood that the Borrower’s only obligations with respect to Taxes shall arise under Sections 2.15 and 2.17.

Appears in 1 contract

Samples: Credit Agreement (Universal City Travel Partners)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendmentsAffiliates (each, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummatedan “Indemnified Person”); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxx, Weiss, Rifkind, Xxxxxxx & Xxxxxxx LLPXxxxxxxx LLP (together with local and special counsel as necessary) in connection with (A) the syndication and distribution (including via the internet or through a service such as Intralinks) of the Credit Facilities provided for herein and (B) the preparation and administration of the Loan Documents or any amendments, modifications or waivers of the provisions of the Loan Documents, whether or not the transactions contemplated hereby or thereby shall be consummated; provided that any legal fees and expenses shall be limited to the fees and expenses of (w) one counsel for all Indemnified Persons taken as a whole, (x) a single local counsel for all Indemnified Persons taken as a whole in each relevant jurisdiction, (y) any special counsel the Administrative Agent determines to be necessary for all Indemnified Persons taken as a whole and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsz) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, solely in the case of an actual or perceived a conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of one additional counsel for in each relevant jurisdiction to each group of affected Lenders, Indemnified Persons similarly situated, taken and (ii) all out-of-pocket expenses incurred by the Agents, the Lenders and their respective Affiliates (including fees, disbursements and other charges of a single law firm as a wholecounsel (and additional law firms in cases where an actual or potential conflict of interest exists) (together with local counsel as necessary)) in connection with the enforcement, collection or protection of any such party’s rights in connection with the Loan Documents, including rights under this Section 9.05, or in connection with the Term Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Term Loans or in connection with investigating or defending any of the matters described in clause (iv) of paragraph (b). (b) The Borrower agrees Borrowers agree to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting law firm (and additional law firms in multiple jurisdictions) for all Indemnitees (and, in the case of cases where an actual or perceived potential conflict of interest, where the Borrower is informed of such conflict interest exists) (together with local counsel as necessary) incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the BorrowerBorrowers, any other Loan Party or any of their respective Affiliates)) or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrowers or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrowers or any of the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined in a final non-appealable judgment by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Party or (B) result from any proceeding that does not involve an act or omission by the Borrowers or any of the officers, directors, employees, agents, advisors or Subsidiaries and that is brought by an Indemnitee against any other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims any proceeding by or against any Indemnified Party in its capacity or in fulfilling its role as the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower each party hereto shall not assert, and hereby waives, any claim against any Indemniteeother party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Term Loan or Letter of Credit or the use of the proceeds thereof. (ed) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) ten days after written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Gulfmark Offshore Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses (iexpenses, to those of Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Arrangers taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction) incurred by the Arrangers and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or and in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) and (ii) all reasonable out-of-pocket expenses (but limited, that the Borrower shall not be responsible pursuant as to this clause (i) for the reasonable feeslegal fees and expenses, charges and disbursements of more than a single primary to one counsel for the Administrative Agentall such Persons taken as a whole, the Collateral Agentand, the Issuing Bankif reasonably necessary, the Swingline Lender and the Arrangers (and of one local counsel to all such Persons taken as a whole in each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (iimaterial jurisdiction) incurred by the Administrative Agent, the Collateral Agentany Issuing Bank, the Arrangers (and each of their respective Affiliates) Swingline Lender or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including including, without limiting the reasonable feesgenerality of the foregoing, charges costs and disbursements expenses incurred in connection with: (i) appraisals (subject to Section 5.12) and insurance reviews; and (ii) field examinations and the preparation of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for Reports based on the fees charged by a third party retained by the Administrative Agent and or the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in internally allocated fees for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for Person employed by the Administrative AgentAgent with respect to each field examination (provided, however, that absent the Collateral Agent, the Arrangers occurrence and the Lenders (and their respective Affiliates) (and, in the case continuation of an actual or perceived conflict Event of interestDefault, where no more than two (2) field examinations per year (or, during any time that the Borrower Excess Cash Availability is informed greater than $150,000,000, one (1) field examinations per year) shall be conducted at the expense of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole).Borrower; (b) The Borrower agrees to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, each Issuing Bank, the Issuing Bank Swingline Lender and each Related Party of any of the foregoing Persons Persons’ Affiliates and the respective directors, officers, employees and agents of such Person and such Person’s Affiliates and their successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each material jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesFacility), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of Credit,, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of the subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrower or the subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the other Loan Documents or in connection with any transaction contemplated hereby or thereby or (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings or the Borrower after such property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer. The Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee provides the officers, directors, employees, agents, advisors or other representative of Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent any of the foregoing, foregoing items in each case, acting at the direction of such Indemnitee, clauses (x) and (y) a material breach of any of its obligations under occurs. Notwithstanding the foregoing, this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent lossesTax matters, claims, damages, etc. arising from any non-Tax claimwhich shall be governed exclusively by Section 2.20. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.05(and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Arrangers, the Administrative Agent, the Collateral Agent, the Issuing BankBanks, the Swingline Lender or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of outstanding the Aggregate aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates or the respective directors, officers, employees and agents of such party and such party’s Affiliates and (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankBanks. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (CDW Finance Corp)

Expenses; Indemnity. (a) The Borrower agrees and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding but not limited to expenses incurred in connection with due diligence and travel, courier, reproduction, printing and delivery expenses) incurred by the Administrative Agent, the Collateral Agent, the Issuing BankAgents, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Issuing Bank in connection with the syndication of the Credit Facilities credit facilities provided for herein and the preparation preparation, execution and delivery, and administration of this Agreement and the other Loan Documents Documents, including any Inventory Appraisal, or in connection with any amendments, modifications modifications, enforcement costs, work-out costs, documentary taxes or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the work-out enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLPXxxxxxx, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, or work-out, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative AgentAgents or any Lender; provided, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, that in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm reimbursement of counsel for each group of affected LendersAgents, similarly situated, taken as a whole)such reimbursement shall be limited to one counsel selected by the Administrative Agent for all such Agents. (b) The Borrower agrees Loan Parties agree, jointly and severally, to indemnify the Administrative Agent, the Collateral AgentAgents, each Lender, the Issuing Bank and the Swingline Lender, each Related Party Affiliate of any of the foregoing Persons and each of their respective directors, officers, trustees, employees and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, all reasonable out-of-pocket costs and any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges, expenses and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)Transactions, (ii) the any actual or proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, or (and regardless iv) any actual or alleged presence or Release or threatened Release of whether such matter is initiated Hazardous Materials, on, under or from any Property owned, leased or operated by a third party or by the Borrowerany Company, any other Loan Party or any of their respective Affiliates)Environmental Claim related in any way to any Company; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 11.03 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative AgentAgents, the Collateral Agent, Issuing Bank or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 11.03 shall be payable within thirty ten (3010) days Business Days after written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (d) To the extent that Borrower fails to pay any amount required to be paid by it to the Agents, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section 11.03, each Lender severally agrees to pay to the Agents, the Issuing Bank or the Swingline Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against any of the Agents, the Issuing Bank or the Swingline Lender in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Exposure and unused Commitments at the time.

Appears in 1 contract

Samples: Credit Agreement (Harry & David Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees and Parent agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (each Arranger and each of their respective Affiliates) Issuing Bank in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents (including all such expenses incurred in connection with field examinations and collateral monitoring) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) any Arranger, any Issuing Bank or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single one counsel in each appropriate relevant jurisdiction (which may include and any such additional counsel, if necessary, as a single special counsel acting in multiple jurisdictionsresult of actual or potential conflicts of interest) for the Administrative Agent, the Collateral Agent, the Arrangers Arrangers, the Issuing Banks and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees and Parent agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, each Lender, the each Arranger, each Issuing Bank and each Related Party of any of the foregoing Persons persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all actual losses, claims, damages, liabilities liabilities, penalties and related reasonable and documented or invoiced out-of-pocket fees and expenses (expenses, including reasonable fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andin each relevant jurisdiction (and any such additional counsel, if necessary, one firm as a result of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsactual or potential conflicts of interest) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions Transactions, any related transaction and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrower or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities liabilities, penalties or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x1) the gross negligence, bad faith or willful misconduct of such Indemnitee or (2) a material breach of the obligations under this Agreement of such Indemnitee or any of such Indemnitee’s Affiliates or of any of its controlled Affiliates or any of the their respective officers, directors, employees, agents, advisors or other representative of any representatives of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations foregoing under this Agreement (as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee nonappealable decision) or (zy) result from any dispute among Indemnitees proceeding (other than a dispute involving claims proceeding against the Administrative Agent, the Swingline Lender a party hereto acting pursuant to this Agreement or the Issuing Bank, in each case in its capacity as such or of any of its Affiliates or its or their respective capacitates as such). This Section 9.05(bofficers, directors, employees, agents, advisors and other representatives and the successors of each of the foregoing) shall solely between or among Indemnitees not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimact or omission of a Loan Party. (c) To the extent that Parent and the Borrower fails fail to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the any Arranger or any Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the such Arranger or such Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the such Arranger or such Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, neither Parent nor the Borrower nor any Indemnitee shall not assert, and each hereby waives, any claim against any IndemniteeIndemnitee or Parent and the Borrower and each of their respective Affiliates, as applicable, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing in this paragraph (d) shall relieve the Borrower of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. No Indemnitee shall be liable for any damages arising from the unathorized use by others of information or documents transmitted through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby, except to the extent such damages are found in a final, non-appealable judgment of a court of competent jurisdiction to have resulted primarily from the gross negligence or willful misconduct of such Indemnitee. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Lender, any Arranger or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable payable, within thirty (30) 30 days after of written demand therefortherefor with a reasonably detailed summary of the amounts claimed.

Appears in 1 contract

Samples: Abl Credit Agreement (Community Health Systems Inc)

Expenses; Indemnity. (a) The Borrower agrees Borrowers and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Co-Manager and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities Commitments and Loans and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Co-Manager, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including without limitation, the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Shearman & Xxxxxxx Sterling LLP, as counsel to the Administrative Agent and the Collateral Agent and any other local or foreign counsel for the Administrative Agent and or the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel for the Administrative Agent, the Collateral Agent or any Lender. Expenses payable under this clause shall include, without limitation, as expenses incurred in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for connection with the protection of the rights of the Administrative Agent, the Collateral Agent, the Co-Manager, the Arrangers or any Lender, the fees, charges and disbursements of Shearman & Sterling LLP, as counsel to the Administrative Agent. Notwithstanding the foregoing, the Borrowers’ and Holdings’ obligation to reimburse the fees and expenses of outside counsel under this Section 9.05(a) shall be limited to one firm of counsel for the Co-Manager, the Arrangers, the Administrative Agent and the Lenders (and their respective Affiliates) (Lenders, taken as a whole and, if necessary, of a single local counsel in each appropriate jurisdiction and, in the case of an actual or perceived conflict of interest, interest where the Borrower is informed party affected by such conflict informs the Borrowers of such conflict by the affected Lenders and thereafter retains its own counsel for such affected Lenders retain their own party, each such additional retained counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees Borrowers and Holdings agree, jointly and severally, to indemnify each Arranger, the Administrative Agent, the Collateral Agent, the Co-Manager, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable fees, charges and disbursements and other charges of any environmental consultant and counsel (which shall be limited to one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, interest where the Borrower is informed party affected by such conflict informs the Borrowers of such conflict by the affected Indemnitees and thereafter retains its own counsel for such affected Indemnitees retain their own party, each such additional retained counsel), of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesTerm Loan Facility), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the BorrowerBorrowers, Holdings or any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings or any of the Subsidiaries, or any Environmental Liability related in any way to Holdings or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available (A) to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, willful misconduct, bad faith or willful misconduct Hazardous Materials first Released at any property after such property is transferred to any Indemnitee or its successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer where such Release is not attributable to a condition existing on or prior to the date of such Indemnitee foreclosure or other transfer or (y) relate to claims between the Lenders that do not involve an act or omission of any Loan Party or any of its controlled their Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against any Arranger, the Administrative Agent, the Swingline Lender Co-Manager or the Issuing Bank, in each case Collateral Agent or any of their Affiliates in their respective capacitates capacities, or in fulfilling roles, as suchsuch (or any similar roles) in connection with the credit facilities provided for herein) and (B) in the event of any settlement entered into by such Indemnitee without the Borrowers’ written consent (such consent not to be unreasonably withheld or delayed); provided, however, that this clause (B) shall not apply to any such settlement that occurs after the Borrowers were offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to assume such defense. This Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. damages or liabilities arising from any non-Tax claim. (c) To the extent that Holdings and the Borrower fails Borrowers fail to pay any amount required to be paid by them to an Arranger, the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Co-Manager or the Arrangers (or each of their respective Affiliates) Collateral Agent under paragraph (a) or (b) of this Section 9.05(and without limiting their obligation to do so), each Lender severally agrees to pay to such Arranger, the Administrative Agent, the Co-Manager or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Arranger, the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Co-Manager or the Arrangers (or each of their respective Affiliates) Collateral Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum aggregate amount of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Loan Commitments for all Lenders at the time (or, if there shall be no outstanding Term Loan Commitments at such time, based upon such Lender’s share of the aggregate amount of outstanding unused Term Loan Commitments most recently in each caseeffect, determined as if no Lender were a Defaulting Lendergiving effect to any subsequent assignments). (d) To the extent permitted by applicable law, the Borrower neither any Loan Party nor any Indemnitee shall not assert, and each hereby waives, any claim against any IndemniteeIndemnitee or any Loan Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that the foregoing limitation shall not apply to losses, claims, damages, liabilities and expenses of an Indemnitee resulting from a third party’s claim for special, indirect, consequential or punitive damages in connection with which an Indemnitee is otherwise entitled to indemnification or reimbursement hereunder. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of either Arranger, the Administrative Agent, the Collateral Agent, the Co-Manager or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Houghton Mifflin Harcourt Co)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent and the Arrangers (and each of their respective Affiliates) Facing Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents (including all costs relating to due diligence) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) or incurred by the Agents, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Facing Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Moore, Blake, Xxxxxxx & Xxxxxxx LLPLLP and Xxxxxxxxxx Xxxxxxxx Xxxxx Xxxxxx, counsel for the Administrative Agent Chase and the Collateral AgentBTCo, and, in connection with any such enforcement or protection, the reasonable fees, disbursements and other charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsincluding allocated costs of internal counsel) for the Agents, the Administrative Agent, the Canadian Administrative Agent, the Collateral Agent, the Arrangers Facing Agent or any Lender. The Borrowers further agree to indemnify the Agents, the Administrative Agent, the Facing Agent and the Lenders (from, and their respective Affiliates) (andhold them harmless against, in any documentary taxes, assessments or similar charges made by any Governmental Authority by reason of the case execution and delivery of an actual this Agreement or perceived conflict any of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)other Loan Documents. (b) The Borrower agrees Borrowers agree, jointly and severally, to indemnify the Administrative each Agent, the Collateral Arrangers, the Syndication Agent, each Lender, the Issuing Bank Facing Agent and each Related Party Lender and each of any of the foregoing Persons their respective directors, officers, employees and agents (each such Person person being called an "Indemnitee") against, and to hold each Indemnitee harmless ---------- from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements and other charges of charges, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the Letters of Credit or the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto or (and regardless iv) any actual or alleged presence or release of whether such matter is initiated Hazardous Materials on or from any property currently or formerly owned or operated by a third party either Borrower or by any of the Borrower, any other Loan Party Subsidiaries or any of their respective Affiliates); predecessors or any liability under any Environmental Law related in any way to either Borrower or any of the Subsidiaries, provided that such indemnity shall -------- not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 11.05 shall remain operative and in ------------- full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Agents, the Administrative Agent, the Collateral Agent, Facing Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 11.05 shall be payable within thirty (30) days after on ------------- written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Stone Container Corp)

Expenses; Indemnity. (a) The Term Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Agent in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or the administration of this Agreement and by the Initial Lenders in connection with the syndication of the Commitments (including expenses incurred prior to the Closing Date in connection with due diligence and the reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions -141- hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx White & Xxxxxxx Case LLP, counsel for the Administration Agent and the Joint Lead Arrangers and Xxxxx & XxXxxxxx, special German counsel to the Administrative Agent and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of any other counsel (including the reasonable allocated costs of internal counsel if a single Lender elects to use internal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionslieu of outside counsel) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the any Issuing Bank or all Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of but no more than one such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected all Lenders, similarly situated, taken as a whole). (b) The Term Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees and agents (each such Person person being called an “Indemnitee”"INDEMNITEE") against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, PROVIDED that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses result primarily from the gross negligence or willful misconduct of such Indemnitee (and regardless of whether such matter is initiated by a third party or by the Borrowertreating, for this purpose only, any other Loan Party Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Term Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Claim related in any way to Holdings, the Term Borrower or any of their respective Affiliates); provided Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Mortgaged Property or any property owned, leased or operated by any predecessor of Holdings, the Term Borrower or any of their Subsidiaries, PROVIDED that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)Related Parties. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Unless an Event of Default shall have occurred and be continuing, the Term Borrower shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of its choice at its expense (in which case the Term Borrower shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); PROVIDED, HOWEVER, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding the Term Borrower's election to assume the defense of such action, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, and the Term Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by the Term Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the Term Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to the Term Borrower (in which case the Term Borrower shall not have the right to assume the defense or such action on behalf of such Indemnitee); (iii) the Term Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action; or (iv) the Term Borrower shall authorize in writing such Indemnitee to employ separate counsel at the Term Borrower's expense. The Term Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims or actions if the settlement is entered into without the Term Borrower's consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims or actions against, and defenses available to, such Indemnitee. (d) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes.

Appears in 1 contract

Samples: Credit Agreement (Celanese CORP)

Expenses; Indemnity. (a) The Domestic Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Domestic Borrower and the other Loan Documents reasonable fees, disbursements and the charges for no more than one primary counsel and one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx & Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel) (including the reasonable and documented allocated costs of internal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders any Issuing Bank or any Lender (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of but no more than one such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeany Lender)). (b) The Domestic Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, investment advisors and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted result primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such their respective Related Parties as a single Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against judgment. Subject to and without limiting the Administrative Agentgenerality of the foregoing sentence, the Swingline Lender or the Issuing BankDomestic Borrower agrees to indemnify each Indemnitee against, in and hold each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentliabilities and related expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankcharges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result of, this Agreement of (A) any Environmental Claim related in any way to any Borrower or any agreement of their Subsidiaries, or instrument contemplated hereby(B) any actual or alleged presence, the TransactionsRelease or threatened Release of Hazardous Materials at, under, on or from any Property, any Loan property owned, leased or Letter operated by any predecessor of Credit any Borrower or any of their Subsidiaries, or any property at which any Borrower or any of their Subsidiaries has sent Hazardous Wastes for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the use extent that such losses, claims, damages, liabilities or related expenses result from the gross negligence or willful misconduct of the proceeds thereof. (e) such Indemnitee or any of its Related Parties. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. In the case of an investigation, litigation or proceeding to which the indemnity in this Section 9.05(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by a Borrower, any of such Borrower’s equity holders or creditors, an Indemnitee or any other person or entity, whether or not an Indemnitee is otherwise a party thereto (c) Unless an Event of Default shall have occurred and be continuing, the Domestic Borrower shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of their choice at its expense (in which case the Domestic Borrower shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding the Domestic Borrower’s election to assume the defense of such action, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, and the Domestic Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by the Domestic Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both a Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to the Borrowers (in which case the Domestic Borrower shall not have the right to assume the defense or such action on behalf of such Indemnitee); (iii) the Domestic Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action; or (iv) the Domestic Borrower shall authorize in writing such Indemnitee to employ separate counsel at the Domestic Borrower’s expense. The Domestic Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims or actions if the settlement is entered into without the Domestic Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims or actions against, and defenses available to, such Indemnitee. (d) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.16, this Section 9.05 shall not apply to Taxes.

Appears in 1 contract

Samples: Credit Agreement (Dresser-Rand Group Inc.)

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Expenses; Indemnity. (a) The Borrower agrees and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers Term Lenders (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, Agent and the Collateral Agent, the Arrangers Agent (and each of their respective Affiliates) or any Term Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Term Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Agent and the Term Lenders (and each of their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees and Holdings agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, each Term Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel and consultant or other expert fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iii) 8) any Environmental Liability related in any way to of the Loan Parties, any of their respective subsidiaries or predecessors or any property currently or formerly owned, leased or operated by the Loan Parties, Parties or any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Material Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv9) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or any other Person); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. ., arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawApplicable Law, neither Holdings nor the Borrower shall not assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Term Loan or Letter of Credit or the use of the proceeds thereof. (ed) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Term Loan Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankTerm Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (TreeHouse Foods, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-out of pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Joint Lead Arrangers (in connection with the preparation of this Agreement and each of their respective Affiliates) the other Loan Documents, or by the Administrative Agent and the Joint Lead Arrangers in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, Joint Lead Arrangers and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate jurisdiction per jurisdiction, and (which may include a single special counsel acting in multiple jurisdictionsii) for all out of pocket expenses (including Other Taxes) incurred by the Administrative Agent, any Joint Lead Arranger or any Lender in connection with the Collateral Agent, the Arrangers enforcement or protection of their rights in connection with this Agreement and the Lenders (and their respective Affiliates) (andother Loan Documents, in connection with the case Loans made or the Letters of an actual or perceived conflict of interestCredit issued hereunder, where including the Borrower is informed of such conflict by the affected Lenders fees, charges and such affected Lenders retain their own counsel, of another firm disbursements of counsel for each group of affected Lenders, similarly situated, taken as a wholethe Administrative Agent (including any special and local counsel). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, the Joint Lead Arrangers, each Issuing Bank, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges (except the allocated costs of in-house counsel), incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their subsidiaries or Affiliates; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee (for purposes of this proviso only, each of the Administrative Agent, any Joint Lead Arranger, any Issuing Bank or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective AffiliatesRelated Parties, shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any Property; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersFund, directorsHoldings, employeesthe Borrower or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations under this Agreement as determined or any other Loan Document, or any investigation made by a court or on behalf of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender any Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in each case in their respective capacitates as such). This Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any liabilities and expenses with respect to a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under , the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 1 contract

Samples: Credit Agreement (Claires Stores Inc)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Company and the other Loan Documents reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, hereunder and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented expenses of Xxxx Xxxxxxxx LLP and of Xxxxxx & Xxxxxxx LLP and the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided that, in the case of an actual or perceived absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees Borrowers agree to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, investment advisors and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by in a final and nonappealable non-appealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of contract or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Claim related in any way to the Company, Holdco, the Borrowers or any of its controlled Affiliates their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property, any property owned, leased or operated by any predecessor of the Company, Holdco, the Borrowers or any of their Subsidiaries, or any property at which the officersCompany, directorsHoldco, employees, agents, advisors the Borrowers or other representative of any of the foregoingtheir Subsidiaries has sent Hazardous Materials for treatment, in each casestorage or disposal, acting at the direction of provided that such indemnity shall not, as to any Indemnitee, (y) a material breach of any of its obligations under this Agreement as be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction in a final and non-appealable decision by judgment to have resulted from the gross negligence, bad faith, material breach of contract or willful misconduct of such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims of its Related Parties or would have arisen as against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each Indemnitee regardless of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or Letter of Credit or the use of the proceeds thereof. (e) punitive damages. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, Obligations under the expiration of the Commitments, the expiration of any Letter of CreditLoan Documents, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Unless an Event of Default shall have occurred and be continuing, the Borrowers shall be entitled to assume the defense of any action, claim or other proceeding for which indemnification is sought hereunder with counsel of their choice at its expense (in which case the Borrowers shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding a Borrower’s election to assume the defense of such action, claim or proceeding, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, claim or proceeding, and such Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by such Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action, claim or proceeding include both such Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to such Borrower (in which case such Borrower shall not have the right to assume the defense or such action, claim or proceeding on behalf of such Indemnitee); (iii) such Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action, claim or proceeding; or (iv) such Borrower shall authorize in writing such Indemnitee to employ separate counsel at such Borrower’s expense. Such Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims, actions or proceedings if the settlement is entered into without such Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims, actions or proceedings against, and defenses available to, such Indemnitee; provided, that such Borrower will have no such consent right if an Event of Default shall have occurred and be continuing. (d) This Section 9.05 shall not apply to Taxes, other than any Taxes that represent losses or damages arising from non-Tax claims (and taking into account any associated Tax benefits in determining such losses or damages).

Appears in 1 contract

Samples: Credit Agreement (CHC Group Ltd.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents and the Arrangers (and each of their respective Affiliates) in connection with the preparation, negotiation, execution, and closing of this Agreement and the other Loan Documents, or by the Agents and the Arrangers in connection with the initial syndication of the Credit Facilities and (the preparation and payment of such expenses being subject to the occurrence of the Closing Date) or the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications modifications, supplements or waivers of the provisions hereof or thereof and any other documents or matters requested by the Borrower (or on behalf of any other Loan Party) in connection with this Agreement or any other Loan Documents (whether or not the transactions hereby or thereby contemplated by the Loan Documents shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause ) (i) for including the reasonable fees, charges and disbursements of more than a single primary counsel, which shall be limited to the reasonable and documented fees, charges and disbursements of Milbank LLP, counsel for the Administrative AgentAgents and the Arrangers, or counsel replacing such counsel, and not more than one counsel in each jurisdiction in which Collateral is located and, solely in the case of an actual or reasonably perceived conflict of interest, one additional counsel per affected similarly situated Indemnitees, taken as a whole), (ii) all actual costs and reasonable and documented out-of-pocket expenses of creating, perfecting, recording, maintaining and preserving Liens in favor of the Collateral Agent, for the Issuing Bankbenefit of the Secured Parties, and in connection with the Swingline Lender custody, preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral, including filing and the Arrangers (recording fees, expenses and each taxes, stamp or documentary taxes, search fees and reasonable and documented fees, expenses and disbursements of their respective Affiliates) and more than a single Milbank LLP, counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, or counsel replacing such counsel, and not more than one counsel in each jurisdiction in which Collateral is located and, solely in the Arrangers case of an actual or reasonably perceived conflict of interest, one additional counsel per affected similarly situated Indemnitees, taken as a whole, (and each of their respective Affiliatesiii) all documented out-of-pocket expenses incurred by the Agents or any Lender Party in connection with the enforcement or protection of its their rights (including any costs of settlement) in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made hereunder including all such out-of-pocket costs and expenses incurred during any workout, restructuring or Letters negotiations in respect of Credit issued hereunder, such Loans (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel one financial advisor for the Administrative Agent Lender Parties (taken as a whole) and the Collateral Agentof counsel, andwhich shall be limited to, in connection with any such enforcement or protection, the reasonable and documented fees, charges and disbursements of a single Milbank LLP, counsel for the Agents and Lenders, or counsel replacing such counsel, and not more than one counsel in each appropriate jurisdiction (in which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (is located and, solely in the case of an actual or reasonably perceived conflict of interest, where the Borrower is informed of such conflict by the one additional counsel per affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situatedsituated Indemnitees, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agenteach Lender Party, the Collateral Agent, each Lender, the Issuing Bank their respective Related Parties and each Related Party of any of the foregoing Persons their respective directors, officers, employees, advisors, agents, affiliates, successors, partners, representatives and permitted assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented or invoiced out-of-pocket fees expenses, including reasonable and expenses documented out-of-pocket counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee losses, claims, damages, liabilities and related reasonable and documented out-of-pocket expenses claimed or asserted by any of the Group Members) arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)Transactions, (ii) any Loan or the proposed use of the proceeds of the Loans therefrom or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates)in all cases, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable and documented out-of-pocket expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted (A) result from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach by such Indemnitee of any of its obligations under this Agreement Agreement, in each case, as determined by the final, non-appealable judgment of a court of competent jurisdiction in (treating, for this purpose only, any Lender Party and its Related Parties as a final and non-appealable decision by such Indemnitee single Indemnitee) or (zB) arise out of any dispute among Indemnitees proceeding that does not involve an act or omission of any Group Member or any of any Group Member’s Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a dispute involving any such proceedings which relate to claims against any Arranger or the Administrative Agent, the Swingline Lender Agent or the Issuing Bank, in each case Collateral Agent in their respective capacitates capacities as such). This Section 9.05(b) shall not apply with respect Subject to Taxes other than and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any nonliabilities and related reasonable and documented out-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentof-pocket expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankcharges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result of (1) any Environmental Claim related in any way to any of the Group Members or (2) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property, any property owned, leased or operated by any predecessor of any of the Group Members, or, to the extent related in any way to any of the Group Members, any property at or to which any of the Group Members has sent Hazardous Materials for treatment, storage or disposal; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related reasonable and documented out-of-pocket expenses result from the gross negligence, this Agreement bad faith or willful misconduct of such Indemnitee or any agreement of its Related Parties or instrument contemplated herebya material breach by such Indemnitee of its express obligations under this Agreement, the Transactionsin each case, any Loan or Letter as determined by a final, non-appealable judgment of Credit or the use a court of the proceeds thereof. (e) competent jurisdiction. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the resignation of any Agent, the consummation of the transactions contemplated herebyTransactions, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Creditmonetary Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. Party. (c) All amounts due under this Section 9.05 shall be payable promptly upon (and in any event within thirty (30) days after after) written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested; provided, however, that any Person receiving any payment shall promptly refund the amount of any such payment to the extent that there is a final judicial or arbitral determination that such Person was not entitled to indemnification or reimbursement rights with regard to such payment pursuant to the express terms of this Section 9.05. Sections 9.05(a) and (b) shall not apply to Indemnified Taxes and Other Taxes indemnified by the Borrower pursuant to Section 2.16. (d) To the fullest extent permitted by law, no Indemnitee shall be liable for, and the Borrower hereby agrees not to assert any claim against any Indemnitee, on any theory of liability, for consequential, incidental, indirect, punitive or special damages arising out of or otherwise relating to the Loan Documents, any of the Transactions, any Loan or the use of the proceeds thereof. No Indemnitee referred to in Section 9.05(b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement of the other Loan Documents or the transactions contemplated hereby or thereby other than as a result of the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties as determined by a court of competent jurisdiction in a final judgement.

Appears in 1 contract

Samples: Credit Agreement (TransMontaigne Partners LLC)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, Agent in connection with the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Revolving Facility Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence), and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummatedconsummated and whether or not any such amendment, modification or waiver is effective); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable and documented fees, out-of-pocket charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Joint Lead Arrangers, and Xxxxxxxx Xxxxxxx, Maine counsel for the Administrative Agent and the Joint Lead Arrangers, and, if necessary, the reasonable and documented fees, out-of-pocket charges and disbursements of one local counsel per jurisdiction, and (ii) all reasonable and documented out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, andthe Collateral Agent or any Lender in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with any such enforcement or protectionthe Loans made hereunder, including the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Agent (including any special and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own local counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced fees, out-of-pocket fees charges and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel (except the allocated costs of in-house counsel) for all such Indemnitees and, if necessary, (plus one firm of local counsel in each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case event of an actual or perceived conflict of interest, where additional counsel appointed with the consent of the Borrower is informed of such conflict consent not to be unreasonably withheld or delayed), incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans Loans, or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their respective subsidiaries or Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee (for purposes of this proviso only, each Agent or any Lender shall be treated as several and separate Indemnitees, but each of them together with their respective Related Parties, shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, out-of-pocket charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Laws and related in any way to Holdings or the Borrower, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any property related in any way to Holdings or the Borrower; provided that such indemnity shall not, as to any Indemnitee, be available (i) to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (yii) to the extent arising from a material breach of any of its such Indemnitee’s obligations under this Agreement the Loan Documents as determined by a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee jurisdiction, or (ziii) to the extent arising out of any dispute among Indemnitees claim, litigation, investigation or proceeding that does not involve an act or omission of the Loan Parties or any of their affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a dispute involving claims against an Indemnitee in its capacity or in fulfilling its role as Administrative Agent or Collateral Agent or any similar role under the Loan Documents). None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the Fund, Holdings, the Borrower or any of their respective subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of any Revolving Facility or the Transactions. The provisions of this Section 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loan Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative AgentAgent or any Lender. All amounts due under this Section 10.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, the Swingline Lender indemnification or the Issuing Bankother amount requested. (c) Except as expressly provided in Section 10.05(a) with respect to Other Taxes, in each case in their respective capacitates as such). This which shall not be duplicative with any amounts paid pursuant to Section 9.05(b) 2.17, this Section 10.05 shall not apply with respect to Taxes (other than any Taxes that represent losses, claims, damages, etc. arising liabilities and related expenses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, the Borrower no Loan Party shall not assert, and each of them hereby waives, waives any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 10.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agentreplacement of any Lender, any Lender the termination of the Revolving Facility Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Loan Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 1 contract

Samples: Credit Agreement (Verso Paper Holdings LLC)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for including the reasonable fees, charges and disbursements of more than a single Xxxxxxx Xxxxxxx & Xxxxxxxx LLP, primary counsel for the Administrative Agent, the Collateral AgentArrangers and the Lenders and, if necessary, the Issuing Bankreasonable fees, the Swingline Lender charges and the Arrangers (disbursements of one local counsel per jurisdiction, and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, one primary counsel for the Administrative Agent and the Collateral Agent(plus, andif necessary, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeper jurisdiction). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, the Arrangers, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their subsidiaries or Affiliates; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith, willful misconduct of, or material breach of the Loan Documents by, such Indemnitee (for purposes of this proviso only, each of the Administrative Agent, any Arranger, or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective AffiliatesRelated Parties, shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one primary counsel for the Administrative Agent and the Arrangers, one additional primary counsel for the Lenders, plus, if necessary, one local counsel per jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any property currently or formerly owned or operated by Holdings, the Borrower or any of the Subsidiaries; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersFund, directorsHoldings, employeesthe Borrower or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Term A Facility, the Term A-1 Facility or the Transactions. The provisions of this Section 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any Lender. All amounts due under this Agreement as determined Section 10.05 shall be payable on written demand therefor accompanied by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply reasonable documentation with respect to Taxes any reimbursement, indemnification or other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimamount requested. (c) To the extent that the Borrower fails Except as expressly provided in Section 10.05(a) with respect to pay Other Taxes, which shall not be duplicative with any amount required amounts paid pursuant to be paid by them to the Administrative AgentSection 2.17, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees 10.05 shall not apply to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)Taxes. (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 10.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 1 contract

Samples: Term Loan Agreement (Realogy Group LLC)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent Agents and the Collateral AgentLead Arrangers and Xxxxxx & Xxxxx, LLP, special mining counsel for the Agents and Lenders, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own any other counsel, of another firm including the reasonable fees, charges and disbursements of counsel for each group of affected Lendersthe Agents, similarly situatedthe Lead Arrangers, taken as a wholeany Issuing Bank or any Lender (but no more than one outside counsel for any Lender). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral Lead Arrangers, the Co-Documentation Agents, the Syndication Agent, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective Affiliates, directors, trustees, officers, employees, investment advisors and agents (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, litigation, investigations or proceedings and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted or brought against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the any actual or proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities liabilities, litigation, investigations or proceedings or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted result primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Related Parties as determined by a court of competent jurisdiction (any such Indemnitee and its Related Parties treated, for this purpose only, as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, litigation, investigations or proceedings and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a final and non-appealable decision result of (A) any Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property or facility owned, leased or operated by the Borrower or any of its Subsidiaries, or by any predecessor of the Borrower or any of its Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, litigation, investigations or proceedings or related expenses result from the gross negligence or willful misconduct of such Indemnitee or (z) any dispute among Indemnitees (of its Related Parties as determined by a court of competent jurisdiction. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other than a dispute involving claims against the Administrative Loan Document, or any investigation made by or on behalf of any Agent, any Issuing Bank or any Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Unless an Event of Default shall have occurred and be continuing, the Swingline Lender Borrower shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of its choice at its expense (in which case the Borrower shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. In addition, no settlement shall be agreed to by the Borrower unless it (a) includes an unconditional release of such Indemnitee in form and substance reasonably satisfactory to such Indemnitee (which approval shall not be unreasonably withheld or delayed) from all liability on claims that are the Issuing Banksubject matter of such actions and (b) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of such Indemnitee. Notwithstanding the Borrower’s election to assume the defense of such action, each Indemnitee shall have the right to employ separate counsel and to participate in each the defense of such action, and the Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by the Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to the Borrower (in which case the Borrower shall not have the right to assume the defense or such action on behalf of such Indemnitee); (iii) the Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action; or (iv) the Borrower shall authorize in their respective capacitates writing such Indemnitee to employ separate counsel at the Borrower’s expense. The Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims or actions if the settlement is entered into without the Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims or actions against, and defenses available to, such Indemnitee. (d) Except as such). This expressly provided in Section 9.05(b9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply with respect to Taxes other than Taxes, except any Taxes that represent losses, claims, damages, etc. damages or liabilities arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (de) To the extent permitted by applicable law, the Borrower Loan Parties shall not assert, and hereby waiveswaive, any claim against any IndemniteeIndemnitee by the Loan Parties or their Affiliates, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (ef) The provisions No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Section 9.05 shall remain operative and in full force and effect regardless of Agreement or the expiration of the term of this Agreement, the consummation of other Loan Documents or the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity hereby or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforthereby.

Appears in 1 contract

Samples: Credit Agreement (Alpha Natural Resources, Inc.)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination, appraisals and field examinations and the other Loan Documents preparation of reports based thereon and the reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the such transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, hereunder and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented expenses of Xxxx Xxxxxxxx LLP and the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided that, in the case of an actual or perceived absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees Borrowers agree to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, investment advisors, agents, affiliates and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Commitment Letter, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of contract or willful misconduct of such Indemnitee or any of (treating, for this purpose only, an Indemnitee and its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Related Parties as a single Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against order. Subject to and without limiting the Administrative Agentgenerality of the foregoing sentence, the Swingline Lender or the Issuing BankBorrowers agree to indemnify each Indemnitee against, in and hold each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentliabilities and related expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankcharges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result ofof (A) any Environmental Claim related in any way to Holdings, the Borrowers or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property, any property owned, leased or operated by any predecessor of Holdings, the Borrowers or any of their Subsidiaries, or any property at which Holdings, the Borrowers or any of their Subsidiaries has sent Hazardous Wastes for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction in a final non-appealable order to have resulted from the gross negligence, bad faith, material breach of contract or willful misconduct of such Indemnitee or any of its Related Parties or would have arisen as against the Indemnitee regardless of this Agreement or any agreement or instrument contemplated hereby, the Transactions, Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or Letter of Credit or the use of the proceeds thereof. (e) punitive damages. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, Obligations under the expiration of the Commitments, the expiration of any Letter of CreditLoan Documents, the invalidity or unenforceability of any term or provision of the Commitment Letter, this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Unless an Event of Default shall have occurred and be continuing, the Borrowers shall be entitled to assume the defense of any action, claim or other proceeding for which indemnification is sought hereunder with counsel of their choice at its expense (in which case the Borrowers shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding a Borrower’s election to assume the defense of such action, claim or proceeding, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, claim or proceeding, and such Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by such Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action, claim or proceeding include both such Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to such Borrower (in which case such Borrower shall not have the right to assume the defense or such action, claim or proceeding on behalf of such Indemnitee); (iii) such Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action, claim or proceeding; or (iv) such Borrower shall authorize in writing such Indemnitee to employ separate counsel at such Borrower’s expense. Such Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims, actions or proceedings if the settlement is entered into without such Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims, actions or proceedings against, and defenses available to, such Indemnitee; provided, that such Borrower will have no such consent right if an Event of Default shall have occurred and be continuing. (d) This Section 9.05 shall not apply to Taxes, other than any Taxes that represent losses or damages arising from non-Tax claims (and taking into account any associated Tax benefits in determining such losses or damages).

Appears in 1 contract

Samples: Credit Agreement (TPC Group LLC)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided that, in the case of an actual or perceived absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees to indemnify the Administrative Agents, the Joint Lead Arrangers, the Syndication Agent, the Collateral AgentCo-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Commitment Letter, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries or any Indemnitee initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of this Agreement or any of the Loan Documents or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction to have resulted from the gross negligence, bad faith, material breach of this Agreement or any of the Loan Documents or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or would have arisen as against the Indemnitee regardless of this Agreement or any other Loan Document or any Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of the officers, directors, employees, agents, advisors any information or other representative of any of materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the foregoing, in each case, acting at other Loan Documents or the direction transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Indemnitee as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of the Commitment Letter, this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes.

Appears in 1 contract

Samples: Credit Agreement (Crestwood Midstream Partners LP)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing BankArrangers, the Swingline Lender Syndication Agent, the Co-Documentation Agents and the Arrangers Swing Line Lender (including the reasonable and documented out-of-pocket attorneys’ fees and expenses of one lead counsel (and if necessary, appropriate local counsel, if any, for the Administrative Agent and the Collateral Agent collectively, limited to one such local counsel for the Administrative Agent and the Collateral Agent collectively in each of their respective Affiliatesapplicable jurisdiction) in connection with the syndication of the Credit Facilities and the preparation preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not or the transactions hereby or thereby contemplated contemplated, including the IPO, shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Swing Line Lender or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereundermade, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLPMcGuireWoods, counsel for the Administrative Agent and the Collateral Agent, an additional local counsel in each applicable jurisdiction, one specialist counsel for each applicable specialty and additional conflict counsel for each such affected Lenders or Agents or groups of affected Lenders or Agents, as applicable, in the event of any actual or perceived conflict of interest, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Swing Line Lender or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each the Arrangers, the Syndication Agent, the Co-Documentation Agents, the Swing Line Lender, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called Person, an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, Taxes and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the Credit Facilities, the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebyhereunder, the performance by the parties thereto of their respective obligations thereunder and, in their capacities hereunder or in connection with or related to this Agreement, the consummation of the Transactions IPO and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds or the proposed use of proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of the Subsidiaries; provided that such the indemnity under this Section 9.05(b) shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, willful misconduct or bad faith or willful misconduct of such Indemnitee or (B) result from disputes solely between Indemnitees and not (x) involving any action or inaction by Parent or any of its controlled Affiliates Subsidiaries or any of the their respective affiliates, officers, directors, employees, agentsattorneys, advisors accountants, advisors, agents or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, representatives or (y) a material breach relating to any action or inaction of any of such Indemnified Person in its obligations under this Agreement capacity as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender Collateral Agent, Arranger or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimSyndication Agent. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Swing Line Lender under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates)Swing Line Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates) Swing Line Lender in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereunder, including the IPO, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (World Point Terminals, LP)

Expenses; Indemnity. (a) The Parent Borrower agrees to pay (and, to the extent directly attributable to Revolving Loans made to any Foreign Subsidiary Borrower hereunder, such Foreign Subsidiary Borrower shall, jointly and severally with the Parent Borrower, agree to pay) (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses (iexpenses, to those of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Agents and the Arrangers taken as a whole, and, if reasonably necessary, of one local counsel in any material jurisdiction) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Arrangers and the Arrangers (and each of their respective Affiliates) Agents, in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated)) and (ii) all reasonable out-of-pocket expenses (but limited, as to legal fees and expenses, to one counsel for all such Persons taken as a whole, and, if reasonably necessary, of one local counsel to all such Persons taken as a whole in any relevant jurisdiction; providedprovided that if the representation of such Persons (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, that the Borrower then such expenses shall not be responsible pursuant to this clause (i) for include the reasonable feeslegal fees and expenses of one separate counsel to such Persons, charges and disbursements of more than taken as a single primary counsel for whole, in each relevant jurisdiction) incurred by the Administrative AgentAgents, the Collateral Agent, the any Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The relevant Borrower agrees to indemnify the Administrative each Arranger, each Agent, the Collateral each Agent-Related Person, each Lender, each Issuing Bank, the Issuing Bank Swingline Lender and each Related Party of any of the foregoing Persons Persons’ Affiliates and the respective directors, officers, employees and agents of such Person and such Person’s Affiliates and their successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each relevant jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the BorrowerBorrowers, any other Loan Party or any of their respective Affiliates), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrowers or any of the subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrowers or the subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the officers, directors, employees, agents, advisors other Loan Documents or other representative of in connection with any of the foregoing, in each case, acting at the direction of such Indemnitee, transaction contemplated hereby or thereby (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision judgment), (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings, the Borrowers or any of Holdings’ other subsidiaries after such Indemnitee property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer or (z) resulted from any dispute solely among Indemnitees (or their related parties) that does not arise out of any act or omission of the Parent Borrower, any of its Subsidiaries or any direct or indirect parent company of the Parent Borrower (other than a dispute involving claims against an Indemnitee in its capacity or in fulfilling its role as an Agent or Arranger or similar role under the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as suchCredit Facilities). This The Parent Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee provides the Parent Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Parent Borrower to such Indemnitee to the extent any of the foregoing items in clauses (x) through (z) occurs. Notwithstanding the foregoing, this Section 9.05(b) 9.05 shall not apply with respect to Taxes Tax matters (other than any Taxes that represent liabilities, obligations, losses, claims, damages, etc. arising from any ., with respect to a non-Tax claim). (c) To the extent that the any Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.059.05 (and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative AgentArrangers, the Collateral AgentAgents, the Issuing BankBanks, the Swingline Lender or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates (as determined by a court of competent jurisdiction in a final non-appealable judgment) or the respective directors, officers, employees and agents of such party and such party’s Affiliates and (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofthereof (it being agreed that this clause (ii) shall not limit the indemnification obligations of the Borrowers (including in respect of any such damages incurred or paid by an Indemnitee to a third party and for any out-of-pocket expenses)). (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankBanks. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail.

Appears in 1 contract

Samples: Credit Agreement (VWR Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Joint Lead Arrangers (in connection with the preparation of this Agreement and each of their respective Affiliates) the other Second Lien Loan Documents, or by the Administrative Agent and the Joint Lead Arrangers in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Second Lien Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeJoint Lead Arrangers). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentJoint Lead Arrangers, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees and agents (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Second Lien Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses result primarily from the gross negligence or willful misconduct of such Indemnitee (and regardless of whether such matter is initiated by a third party or by treating, for this purpose only, the BorrowerAdministrative Agent, any other Loan Party or Joint Lead Arranger, any Lender and any of their respective AffiliatesRelated Parties as a single Indemnitee); . Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Property or any property owned, leased or operated by any predecessor of the Borrower or any of its Subsidiaries, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)Related Parties. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditSecond Lien Credit Agreement Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Second Lien Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Hughes Communications, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement, the Issuing Bankother Loan Documents, or by the Agents, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination and the other Loan Documents reasonable fees, disbursements and charges for Xxxxxx & Xxxxxx LLP and one local counsel as reasonably necessary in any relevant jurisdiction (and solely in the case of any actual conflict of interest, one additional counsel and (if reasonably necessary) one local counsel in each relevant jurisdiction to the affected Persons similarly situated)) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and Agreement, the other Loan Documents or Documents, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx & Xxxxxx & Xxxxxxx LLP, as counsel for the Administrative Agent and the Collateral AgentAgents, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual any Issuing Bank or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeany Lender). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries or any Indemnitee initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by in a final, non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or (treating, for this purpose only, any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the any Joint Lead Arranger, any Issuing Bank, in each case in any Lender and any of their respective capacitates Related Parties as sucha single Indemnitee). This Section 9.05(b) shall not apply with respect Subject to Taxes other than and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentliabilities and related expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankcharges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result of, this Agreement of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any agreement of its Subsidiaries, or instrument contemplated hereby(B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement, the Transactions, any other Loan or Letter of Credit Documents or the use transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of the proceeds thereof. (e) such Indemnitee as determined in a final, non-appealable judgment of a court of competent jurisdiction. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of this Agreement or Agreement, any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Samples: Credit Agreement (Aris Water Solutions, Inc.)

Expenses; Indemnity. (a) The Borrower agrees Each of the Borrowers and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing BankJoint Lead Arrangers, the Swingline Lender Syndication Agent and the Arrangers (and each of their respective Affiliates) Co-Documentation Agents in connection with the syndication of the Credit Facilities Facility and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents, any Lender or any Lender Receiver (as defined in the Security Documents), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Term Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Skadden, Arps, Slate, Xxxxxxx & Xxxxxxx Xxxx LLP, counsel for the Administrative Agent and the Collateral Agent, one local counsel in each applicable jurisdiction and one regulatory or specialty counsel, to the extent reasonably deemed appropriate by the Administrative Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Joint Lead Arrangers, the Syndication Agent and the Lenders (and their respective Affiliates) (and, in the case of an actual Co-Documentation Agents or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees Each of the Borrowers and Holdings agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents, each Lender, each Receiver (as defined in the Issuing Bank Security Documents) and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements, (provided that such fees, charges and disbursements shall be limited to one external counsel (and other charges of any environmental consultant appropriate specialty and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionscounsel) for all Indemnitees (and, in such persons except that separate counsel may be retained to the case of an extent there are actual or perceived conflict potential conflicting interests between or among such persons arising out of interest, where the Borrower is informed matters within the scope of such conflict this Section 9.05(b)) incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesFacility), (ii) the use or proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the either Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or release of Hazardous Materials on any property currently or formerly owned or operated by either Borrower, Holdings or any of its other Subsidiaries, or any Environmental Claim related in any way to either Borrower, Holdings or any of its other Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. liabilities and other related expenses arising from any a non-Tax claimclaim (it being understood that Section 2.20 shall apply). (c) To the extent that Holdings and the Borrower fails Borrowers fail to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing BankJoint Lead Arrangers, the Swingline Lender Syndication Agent or the Arrangers (or each of their respective Affiliates) Co-Documentation Agents under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates)such Person, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing BankJoint Lead Arrangers, the Swingline Lender Syndication Agent or the Arrangers (or each of Co-Documentation Agents in their respective Affiliates) in its capacity capacities as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)Loans. (d) To the extent permitted by applicable law, the Borrower no party to this Agreement shall not assert, and each hereby waives, any claim against any Indemniteeother party hereto or any Related Party thereof, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit Transactions or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Term Loan Agreement (Wesco International Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each of their respective Affiliates) its Affiliates in connection with the arrangement and syndication of the Credit Facilities and credit facility established hereby, the preparation and administration of this Agreement and the other Loan Documents or in connection with and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that consummated and except for such costs and expenses incurred after the Borrower shall not be responsible pursuant to termination of this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsAgreement), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and Agreement, the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, Xxxxx LLP and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative AgentAgent or any Lender (it being agreed that, except in connection with any such enforcement or protection, the Collateral AgentBorrower shall be responsible for the fees, the Arrangers charges and the Lenders (and their respective Affiliates) (anddisbursements of only one counsel unless, in the case judgment of an actual or perceived the Agent, additional counsel shall be required as a result of any conflict of interestinterests). The Borrower further agrees that it shall indemnify the Lenders from and hold them harmless against any documentary taxes, where assessments or charges made by any Governmental Authority by reason of the Borrower is informed execution and delivery of such conflict by this Agreement or any of the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)other Loan Documents. (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including including, without limitation, reasonable counsel fees, charges and disbursements and other charges of any environmental consultant and one counsel selected by the Agent for all Indemnitees andthe Indemnitees, if necessary, one firm of such local counsel as the Agent may in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (good xxxxx xxxx advisable and, in the case of an actual or perceived event a conflict of interestinterest makes it inadvisable for a single counsel to represent all the Indemnitees, where the Borrower is informed such additional counsel as may be required by reason of such conflict conflict), incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossesclaim (whether brought by a Lender or any other person), claimsdamage, damages, liabilities liability or related expenses are expense is determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of (y) the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction material breach of such Indemnitee, (y) a material breach of any of its ’s obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender Loan Document or the Issuing Bank, in each case in their respective capacitates as such)any agreement or instrument contemplated thereby. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as Each of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall parties hereto also agrees not assert, and hereby waives, to assert any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct against the Agent, any Lender, any of their Affiliates, or actual damages) any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, arising out of, in connection with, of or as a result of, otherwise relating to this Agreement or any agreement or instrument contemplated hereby, the TransactionsAgreement, any Loan or Letter of Credit the transactions contemplated herein or the actual or proposed use of proceeds of the proceeds thereofLoans. (ec) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Janus Capital Group Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees Holdings agree, jointly and expenses severally, (i) incurred by if the Closing Date occurs, to pay or reimburse the Administrative Agent, the Collateral Agent, the Issuing BankSyndication Agent (as defined in the Existing Credit Agreement), the Swingline Lender Documentation Agent (as defined in the Existing Credit Agreement) and the Arrangers (for all reasonable out-of-pocket costs and each of their respective Affiliates) expenses incurred in connection with the preparation, negotiation, syndication of the Credit Facilities and the preparation and administration execution of this Agreement and the other Loan Documents Documents, and any amendment, waiver, consent or in connection with any amendments, modifications or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby or and thereby contemplated (including all Attorney Costs which shall be consummatedlimited to Xxxxx Xxxx & Xxxxxxxx LLP (and one local counsel in each applicable jurisdiction for each group and, in the event of a conflict of interest, one additional counsel of each type to similarly situated parties); provided) and (ii) from and after the Closing Date, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for pay or reimburse the Administrative Agent, the Collateral Agent, the Issuing BankSyndication Agent (as defined in the Existing Credit Agreement), the Swingline Lender and Documentation Agent (as defined in the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsExisting Credit Agreement), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement (whether through negotiations, legal proceedings or protection otherwise) of its any rights in connection with or remedies under this Agreement and or the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder(including all such costs and expenses incurred during any legal proceeding, including the reasonable feesany proceeding under any Debtor Relief Law, charges and disbursements including all respective Attorney Costs which shall be limited to Attorney Costs of Xxxxxx Xxxxxx & Xxxxxxx LLP, one counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for to the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (one local counsel in each applicable material jurisdiction for each group and, in the case event of an actual or perceived any conflict of interest, where the Borrower is informed one additional counsel of such conflict each type to similarly situated parties)). The foregoing costs and expenses shall include all reasonable search, filing, recording and title insurance charges and fees related thereto, and other reasonable out-of-pocket expenses incurred by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Agent. (b) The Borrower agrees to Whether or not the transactions contemplated hereby are consummated, from and after the Closing Date, the Loan Parties shall, jointly and severally, indemnify and hold harmless the Administrative Agent, the Collateral Agent, each Lender, each Arranger and their respective Affiliates, and the Issuing Bank directors, officers, employees, partners, agents, trustees and other representatives of each Related Party of any of the foregoing Persons (each such Person being called an collectively the IndemniteeIndemnitees”) against, from and to hold each Indemnitee harmless from, against any and all losses, damages, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges Attorney Costs which shall be limited to Attorney Costs of any environmental consultant and one counsel for all Indemnitees to the Administrative Agent, Arrangers and the Lenders (and, if reasonably necessary, one firm of local counsel in each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case event of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of one additional counsel for each group type of similarly situated affected Indemnitees, similarly situated, taken as a wholeparties)) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee arising out of, in any way connected with, relating to or as a result arising out of or in connection with (i) the execution execution, delivery, enforcement, performance or delivery administration of this Agreement or any other Loan Document or any agreement other agreement, letter or instrument delivered in connection with the transactions contemplated thereby, the performance by the parties thereto of their respective obligations thereunder thereby or the consummation of the Transactions and or the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) any Commitment or Loan or the use or proposed use of the proceeds of the Loans or issuance of Letters of Credittherefrom, (iii) any Environmental Liability related in any way to the Loan Partiesactual or alleged presence or Release of Hazardous Materials at, any of their respective subsidiaries on, under or from any property or facility currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries Parties or any of their respective predecessorsSubsidiary, including the Mortgaged Properties, except that the Borrower shall not be obligated or any Environmental Liability related in any way to indemnify any Indemnitees for Loan Parties or any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure Subsidiary or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or not any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (and regardless all the foregoing, collectively, the “Indemnified Liabilities”) in all cases, whether or not caused by or arising, in whole or in part, out of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any negligence of their respective Affiliates)an Indemnitee; provided that that, notwithstanding the foregoing, such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, damages, claims, damages, liabilities or related and expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoingaffiliate, in each casedirector, acting at the direction officer, employee, counsel, agent or attorney-in-fact of such Indemnitee, as determined by the final non-appealable judgment of a court of competent jurisdiction, (y) a material breach of any of its obligations under this Agreement the Loan Documents by such Indemnitee or of any affiliate, director, officer, employee, counsel, agent or attorney-in-fact of such Indemnitee as determined by the final non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute solely among the Indemnitees (other than a dispute involving claims (1) any claim against the an Indemnitee in its capacity or in fulfilling its role as Administrative Agent, Collateral Agent, Arranger or similar role and (2) any claim arising out of any act or omission of the Swingline Lender Borrower or any of its Affiliates. No Indemnitee shall be liable for any damages arising from the Issuing Bankuse by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement. In the case of a claim, investigation, litigation or other proceeding to which the indemnity in each case in their respective capacitates as such)this Section 10.05 applies, such indemnity shall be effective whether or not such claim, investigation, litigation or proceeding is brought by any Loan Party, any Subsidiary of any Loan Party, any Loan Party’s directors, stockholders or creditors or other Affiliates or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents are consummated. This Section 9.05(b) For the avoidance of doubt, this paragraph shall not apply with respect to Taxes other than any Taxes that represent lossesare the subject of, claimsor excluded from, damages, etc. arising from any non-Tax claimSection 3.01. (c) To the extent that the Borrower any Loan Party fails to pay any amount required to be paid by them to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, Agent such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, Agent or the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable lawLaw, the Borrower (i) no Loan Party shall not assert, and each hereby waives, any claim against any IndemniteeIndemnitee and (ii) no Indemnitee shall assert, and each hereby waives, any claim against any Loan Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactions, Transactions or any Loan or Letter of Credit or the use of the proceeds thereofthereof (whether before or after the Closing Date). (e) The provisions of this Section 9.05 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 10.05 shall be payable within thirty (30) days 10 Business Days after written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Gym-Card, LLC)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the preparation reasonable fees, disbursements and charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for including the reasonable fees, charges and disbursements of more than a single primary Cxxxxx Xxxxxx & Rxxxxxx LLP, counsel for the Administrative AgentAgent and the Joint Lead Arrangers and Axxxx & Overy LLP, special U.K. counsel for the Administrative Agent and the Joint Lead Arrangers, and, if necessary, the Collateral Agentreasonable fees, the Issuing Bankcharges and disbursements of one local counsel per jurisdiction, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent (including any special and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own local counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral AgentAgents, the Joint Lead Arrangers, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements and other charges (except the allocated costs of in-house counsel), incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document (including, without limitation, the Second Priority Intercreditor Agreement) or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans Loans, or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower, any other Loan Party Borrower or any of their subsidiaries or Affiliates; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee (for purposes of this proviso only, each of the Administrative Agent, the Joint Lead Arrangers or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective AffiliatesRelated Parties, shall be treated as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrower or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property; provided provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties. None of the Indemnitees (or any of their respective affiliates) shall be responsible or liable to the officersFunds, directorsHoldings, employeesthe Borrower or any of their respective subsidiaries, agentsAffiliates or stockholders or any other person or entity for any special, advisors indirect, consequential or other representative punitive damages, which may be alleged as a result of the Facilities or the Transactions. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the foregoingObligations, in each case, acting at the direction of such Indemnitee, (y) a material breach invalidity or unenforceability of any term or provision of its obligations this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any Lender. All amounts due under this Agreement as determined Section 9.05 shall be payable on written demand therefor accompanied by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply reasonable documentation with respect to Taxes any reimbursement, indemnification or other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimamount requested. (c) To the extent that the Borrower fails Except as expressly provided in Section 9.05(a) with respect to pay Other Taxes, which shall not be duplicative with any amount required amounts paid pursuant to be paid by them to the Administrative AgentSection 2.17, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees 9.05 shall not apply to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)Taxes. (d) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (e) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agentreplacement of any Lender, any Lender the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 1 contract

Samples: Second Lien Bridge Credit Agreement (Berry Global Group Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, Arranger or the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Bank in connection with the syndication of the Credit Facilities and the preparation preparation, execution and administration of this Agreement and the other Loan Documents Documents, the syndication or in connection with closing of the Revolving Credit Facility, the administration of the Revolving Credit Facility or any amendmentsactual or proposed amendment, modifications modification or waivers waiver of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that and the Borrower shall not be responsible pursuant agrees to this clause (i) for the pay all reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) out-of-pocket expenses incurred by the Administrative Agent, the Collateral AgentArranger, the Arrangers (and each of their respective Affiliates) Issuing Bank or any Lender in connection with the enforcement or protection of its the rights in connection with of the Administrative Agent, the Issuing Bank and the Lenders under this Agreement and the other Loan Documents or in connection with the Loans made made, the Notes issued hereunder or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx (i) Winston & Xxxxxxx LLPSxxxxx LLP counsel to the Administrative Agent, counsel for (ii) any third party consultants retained with the Borrower’s consent, which consent will not be unreasonably withheld, to assist the Administrative Agent in analyzing any environmental, insurance, solvency related and the Collateral Agent, and, other due diligence issues and (iii) in connection with any such enforcement or protectionprotection (including any workout or restructuring or any negotiations relating thereto), the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, Issuing Bank or any Lender (including the Arrangers allocated internal fees and the Lenders (and their respective Affiliates) (and, in the case expenses of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own any in-house staff counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each LenderArranger, the Issuing Bank and each Related Party of any Bank, the Affiliates of the foregoing Persons Administrative Agent, the Lenders, and their respective directors, officers, employees, agents and Controlling persons (each such Person being called each, an “IndemniteeIndemnified Party”) against, from and to hold each Indemnitee harmless from, against any and all losses, claimsclaims (whether valid or not), damagesdamages and liabilities, liabilities and reasonable and documented joint or invoiced out-of-pocket fees and expenses (including reasonable feesseveral, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andto which such Indemnified Party may become subject, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual related to or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the Revolving Credit Facility, (ii) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby hereby and thereby, (including iii) the syndication use of the Letters of Credit Facilities), (ii) the proposed use of or the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee Indemnified Party is a party thereto thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys’ fees and regardless expenses) as they are incurred in connection with the investigation of, preparation for or defense of whether such matter is initiated by a third party any pending or by the Borrower, any other Loan Party threatened claim or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities action or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of proceeding arising therefrom. Notwithstanding the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of obligation to indemnify any of its obligations Indemnified Party under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with in respect of any loss, claim, damage or liability to Taxes other than any Taxes the extent that represent lossesa court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claimsclaim, damages, etc. arising damage or liability resulted from any non-Tax claimsuch Indemnified Party’s gross negligence or willful misconduct. (c) To the extent that the The Borrower fails agrees to pay any amount required to be paid by them to indemnify the Administrative Agent, the Collateral AgentArranger, the Issuing Bank, the Swingline Lender Lenders and the other Indemnified Parties from and against any and all losses, claims (whether valid or not), damages and liabilities, joint or several, to which such Indemnified Party may become subject, related to or arising out of (i) any Federal, state, local or other statute, ordinance, order, judgment, ruling or regulation relating to environmental pollution, regulation or control affecting the Arrangers Borrower, any Subsidiary or its properties or assets, (ii) any Hazardous Materials managed by the Borrower or each of their respective Affiliatesany Subsidiary, (iii) under paragraph (a) any event, condition or circumstance involving environmental protection, pollution, regulation or control affecting the Borrower or any Subsidiary or its properties or assets or (biv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnified Party is a party thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable consultants’ and attorneys’ fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatened claim or any action or proceeding arising therefrom. Notwithstanding the foregoing, the obligation to indemnify any Indemnified Party under this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each 9.05(c) shall not apply in respect of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified any loss, claim, damagedamage or liability to the extent that a court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claim, damage or liability resulted from such Indemnified Party’s gross negligence or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)willful misconduct. (d) To In the event that the foregoing indemnity is unavailable or insufficient to hold an Indemnified Party harmless, then the Borrower will contribute to amounts paid or payable by such Indemnified Party in respect of such Indemnified Party’s losses, claims, damages or liabilities in such proportions as appropriately reflect the relative benefits received by and fault of the Borrower and such Indemnified Party in connection with the matters as to which such losses, claims, damages or liabilities relate and other equitable considerations. (e) If any action, proceeding or investigation is commenced, as to which any Indemnified Party proposes to demand such indemnification, it shall notify the Borrower with reasonable promptness; provided, that, any failure by such Indemnified Party to notify the Borrower shall not relieve the Borrower from its obligations hereunder except to the extent permitted the Borrower is prejudiced thereby. The Borrower shall be entitled to assume the defense of any such action, proceeding or investigation, including the employment of counsel and the payment of all fees and expenses. Each Indemnified Party shall have the right to employ separate counsel in connection with any such action, proceeding or investigation and to participate in the defense thereof, but the fees and expenses of such counsel shall be paid by applicable lawsuch Indemnified Party, unless (i) the Borrower has failed to assume the defense and employ counsel as provided herein, (ii) the Borrower has agreed in writing to pay such fees and expenses of separate counsel or (iii) an action, proceeding or investigation has been commenced against such Indemnified Party and the Borrower and representation of both the Borrower and such Indemnified Party by the same counsel would be inappropriate because of actual or potential conflicts of interest between the parties (in the case of the Administrative Agent or any Lender, the existence of any such actual or potential conflict of interest to be determined by such party, taking into account, among other things, any relevant regulatory concerns). In the case of any circumstance described in clause (i), (ii), or (iii) of the immediately preceding sentence, the Borrower shall be responsible for the reasonable fees and expenses of such separate counsel; provided, that, the Borrower shall not assertin any event be required to pay the fees and expenses of more than one separate counsel (plus appropriate local counsel under the direction of such separate counsel) for all Indemnified Parties, unless representation of all Indemnified Parties by the same counsel would be inappropriate due to actual or potential conflicting interests between such Indemnified Parties, in which case, the Borrower shall be required to pay the fees and hereby waives, expenses of such additional counsel as are necessary to prevent such conflicting interests. The Borrower shall be liable only for settlement of any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, an Indemnified Party made with the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofBorrower’s written consent. (ef) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

Expenses; Indemnity. (a) The Borrower agrees and Citadel agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, Agent and the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Banks in connection with the syndication of the Credit Facilities credit facilities provided for herein and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLPMoorx, counsel xxunsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsincluding the allocated cost of internal counsel) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Agent or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees and Citadel agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party Issuing Bank, each Affiliate of any of the foregoing Persons persons and each of their respective directors, officers, employees and agents (each such Person person being called an "Indemnitee") against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket counsel fees and expenses (including reasonable feesthe allocated cost of internal counsel), disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any actual or alleged presence or Release of Hazardous Materials on, at or under any Properties or Former Properties, or any Environmental Liability Claim related in any way to the Loan PartiesBorrower or the Subsidiaries, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Citadel Communications Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay (whether or not the transactions contemplated hereby shall be consummated) all reasonable and documented or invoiced out-of-pocket fees costs and expenses (i) incurred by the Administrative Agent, the Collateral Agent, any Agent or the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Bank in connection with the syndication of the Credit Facilities preparation, execution and the preparation and administration delivery of this Agreement and the other Loan Documents Documents, the closing of the Facility, the administration of the Facility or in connection with any amendmentsamendment, modifications modification or waivers waiver of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral incurred by any Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Bank or any Lender in connection with the enforcement or protection of its the rights in connection with of the Agents, the Issuing Bank and the Lenders under this Agreement and the other Loan Documents or in connection with the Loans made hereunder, the Notes issued hereunder or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx (i) McGuireWoods LLP, counsel for the Administrative Agent and the Collateral Documentation Agent, and(ii) any third party consultants retained to assist the Agents in analyzing any environmental, insurance and other due diligence issues, (iii) any search and filing fees of ChoicePoint or another company acceptable to the Lenders and (iv) in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative any Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Issuing Bank or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees to indemnify each of the Administrative Agents, the Issuing Bank, the affiliates of any Agent, the Collateral Agent, each LenderIssuing Bank, the Issuing Bank Lenders, and each Related Party of any of the foregoing their respective directors, officers, 106 employees, agents and Controlling Persons (each such Person being called each, an “Indemnitee”"Indemnified Party") against, from and to hold each Indemnitee harmless from, against any and all losses, claimsclaims (whether valid or not), damagesdamages and liabilities, liabilities and reasonable and documented joint or invoiced out-of-pocket fees and expenses (including reasonable feesseveral, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andto which such Indemnified Party may become subject, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual related to or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the Facility and the transactions contemplated hereby and thereby, (ii) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby hereby and thereby, (including iii) the syndication use of the Letters of Credit Facilities), (ii) the proposed use of or the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee Indemnified Party is a party thereto thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys' fees and regardless expenses) as they are incurred in connection with the investigation of, preparation for or defense of whether such matter is initiated by a third party any pending or by the Borrower, any other Loan Party threatened claim or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities action or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of proceeding arising therefrom. Notwithstanding the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of obligation to indemnify any of its obligations Indemnified Party under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with in respect of any loss, claim, damage or liability to Taxes other than any Taxes the extent that represent lossesa court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claimsclaim, damagesdamage or liability resulted from such Indemnified Party's wilful malfeasance, etc. arising from any non-Tax claimgross negligence or bad faith. (c) To The Borrower agrees to indemnify each of the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral AgentAgents, the Issuing Bank, the Swingline Lender Lenders and the other Indemnified Parties from and against any and all losses, claims (whether valid or not), damages and liabilities, joint or several, to which such Indemnified Party may become subject, related to or arising out of (i) any Environmental Laws affecting the Arrangers Borrower or any other Loan Party or its properties or assets, (ii) any Hazardous Materials managed by the Borrower or each of their respective Affiliatesany other Loan Party, (iii) under paragraph (a) any event, condition or circumstance involving environmental pollution, regulation or control affecting the Borrower or any other Loan Party or its properties or assets or (biv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnified Party is a party thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys' fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatened claim or any action or proceeding arising therefrom. Notwithstanding the foregoing, the obligation to indemnify any Indemnified Party under this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each 9.05(c) shall not apply in respect of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified any loss, claim, damagedamage or liability to the extent that a court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claim, damage or liability resulted from such Indemnified Party's wilful malfeasance, gross negligence or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)bad faith. (d) To In the event that the foregoing indemnity is unavailable or insufficient to hold an Indemnified Party harmless, then the Borrower will contribute to amounts paid or payable by such Indemnified Party in respect of such Indemnified Party's losses, claims, damages or liabilities in such proportions as appropriately reflect the relative benefits received by and fault of the Borrower and such Indemnified Party in connection with the matters as to which such losses, claims, damages or liabilities relate and other equitable considerations. (e) If any action, proceeding or investigation is commenced, as to which any Indemnified Party proposes to demand such indemnification, it shall notify the Borrower with reasonable promptness; provided, however, that any failure by such Indemnified Party to notify 107 the Borrower shall not relieve the Borrower from its obligations hereunder except to the extent permitted the Borrower is prejudiced thereby. The Borrower shall be entitled to assume the defense of any such action, proceeding or investigation, including the employment of counsel and the payment of all fees and expenses. Each Indemnified Party shall have the right to employ separate counsel in connection with any such action, proceeding or investigation and to participate in the defense thereof, but the fees and expenses of such counsel shall be paid by applicable lawsuch Indemnified Party, unless (i) the Borrower has failed to assume the defense and employ counsel as provided herein, (ii) the Borrower has agreed in writing to pay such fees and expenses of separate counsel or (iii) an action, proceeding or investigation has been commenced against such Indemnified Party and the Borrower and representation of both the Borrower and such Indemnified Party by the same counsel would be inappropriate because of actual or potential conflicts of interest between the parties (in the case of any Agent or Lender, the existence of any such actual or potential conflict of interest to be determined by such party, taking into account, among other things, any relevant regulatory concerns). In the case of any circumstance described in clause (i), (ii), or (iii) of the immediately preceding sentence, the Borrower shall be responsible for the reasonable fees and expenses of such separate counsel; provided, however, that the Borrower shall not assert, in any event be required to pay the fees and hereby waives, expenses of more than one separate counsel (plus appropriate local counsel under the direction of such separate counsel) for all Indemnified Parties. The Borrower shall be liable only for settlement of any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, an Indemnified Party made with the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofBorrower's written consent. (ef) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Parity Debt Credit Agreement (Star Gas Partners Lp)

Expenses; Indemnity. (a) The Each of Holdings and the Borrower agrees agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each Lenders in connection with the preparation of their respective Affiliates) the Loan Documents, by any Agent in connection with the syndication of the Credit Facilities and Commitments or by any Agent or the preparation and Lenders in the administration of this Agreement (including expenses incurred in connection with ongoing Collateral examination, limited to expenses for no more than one examination per year if no Event of Default has occurred and the other Loan Documents is continuing and unlimited if an Event of Default has occurred and is continuing) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or the Letters of Credit and Term Notes issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxx & Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and King & Spalding LLP, counsel for Prudential and Met Life and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of any other counsel (including the reasonable allocated costs of internal counsel if a single Lender elects to use internal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionslieu of outside counsel) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders Fronting Bank or any Lender (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of but no more than one such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeany Lender other than Prudential and Met Life). (b) The Each of Holdings and the Borrower agrees agree to indemnify the Administrative Agent, the Collateral AgentFronting Bank, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, investment advisors, affiliates and agents (each such Person being called an "Indemnitee") against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, taxes and related costs and expenses, including, without limitation, reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby and thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to the Transaction or any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that (x) such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers(treating, directorsfor this purpose only, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Fronting Bank or any Lender or the Issuing Bankthat is such Indemnitee and its directors, in each case in their respective capacitates trustees, officers and employees as such). This Section 9.05(ba single Indemnitee) shall not apply with respect and (y) amounts to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails which an Indemnitee is entitled to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” hereunder shall be determined based upon its share without duplication of the sum of the Aggregate Revolving Credit Exposureamounts to which such Indemnitee is entitled under Sections 2.11, outstanding Term Loans 2.13 or 2.17 and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.108

Appears in 1 contract

Samples: Credit Agreement (Service America of Texas Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all ------------------- reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, Bank or the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation preparation, execution and administration of this Agreement and the other Loan Documents Documents, the due diligence review of the Recapitalization and the syndication, Closing or administration of the Facilities or in connection with any amendmentsamendment, modifications modification or waivers waiver of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that and the Borrower shall not be responsible pursuant agrees to this clause (i) for pay all reasonable out-of-pocket expenses incurred by the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Bank or any Lender in connection with the enforcement or protection of its the rights in connection with of the Agent, the Issuing Bank and the Lenders under this Agreement and the other Loan Documents or in connection with the Loans made made, the Notes issued hereunder or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx (i) Fennebresque, Clark, Xxxxxxxx & Xxxxxxx LLPHay, counsel for the Administrative Agent and the Collateral Agent, and, and (ii) in connection with any such enforcement or protectionprotection (including any workout or restructuring or any negotiations relating thereto), the reasonable fees, charges and disbursements of a single other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, Issuing Bank or any Lender (including the Arrangers reasonable allocated internal fees and the Lenders (and their respective Affiliates) (and, in the case expenses of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own any in-house staff counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each LenderIssuing Bank, the Issuing Bank and each Related Party of any Affiliates of the foregoing Persons (each such Person being called an “Indemnitee”) againstAgent or Issuing Bank, the Lenders, and to hold each Indemnitee harmless fromtheir respective directors, officers, employees, agents and Controlling persons (each, an "Indemnified Party") from and against any and all losses, claimsclaims (whether valid ------------------ or not), damagesdamages and liabilities, liabilities and reasonable and documented joint or invoiced out-of-pocket fees and expenses (including reasonable feesseveral, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andto which such Indemnified Party may become subject, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual related to or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the Recapitalization or the Facilities, (ii) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions Recapitalization and the other transactions contemplated thereby hereby and thereby, (including iii) the syndication use of the Letters of Credit Facilities), (ii) the proposed use of or the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee Indemnified Party is a party thereto thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys' fees and regardless expenses) as they are incurred in connection with the investigation of, 140 preparation for or defense of whether such matter is initiated by a third party any pending or by the Borrower, any other Loan Party threatened claim or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities action or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of proceeding arising therefrom. Notwithstanding the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of obligation to indemnify any of its obligations Indemnified Party under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with in respect of any loss, claim, damage or liability to Taxes other than any Taxes the extent that represent lossesa court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claimsclaim, damages, etc. arising damage or liability resulted from any non-Tax claimsuch Indemnified Party's gross negligence or willful misconduct. (c) To The Borrower agrees to indemnify each of the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Lenders and the other Indemnified Parties from and against any and all losses, claims (whether valid or not), damages and liabilities, joint or several, to which such Indemnified Party may become subject, related to or arising out of (i) any Federal, state, local or other statute, ordinance, order, judgment, ruling or regulation relating to environmental pollution, regulation or control affecting the Arrangers Borrower, any Subsidiary, the Parent or its properties or assets, (ii) any Hazardous Materials managed by the Borrower, any Subsidiary, the Parent, (iii) any event, condition or each of their respective Affiliates) under paragraph (a) circumstance involving environmental protection, pollution, regulation or control affecting the Borrower, any Subsidiary, the Parent or its properties or assets or (biv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnified Party is a party thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable consultants' and attorneys' fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatened claim or any action or proceeding arising therefrom. Notwithstanding the foregoing, the obligation to indemnify any Indemnified Party under this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each 9.05(c) shall not apply in respect of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified any loss, claim, damagedamage or liability to the extent that a court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claim, damage or liability resulted from such Indemnified Party's gross negligence or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)willful misconduct. (d) To In the event that the foregoing indemnity is unavailable or insufficient to hold an Indemnified Party harmless, then the Borrower will contribute to amounts paid or payable by such Indemnified Party in respect of such Indemnified Party's losses, claims, damages or liabilities in such proportions as appropriately reflect the relative benefits received by and fault of the Borrower and such Indemnified Party in connection with the matters as to which such losses, claims, damages or liabilities relate and other equitable considerations. (e) If any action, proceeding or investigation is commenced, as to which any Indemnified Party proposes to demand such indemnification, it shall notify the Borrower with 141 reasonable promptness; provided, however, that any failure by such Indemnified -------- ------- Party to notify the Borrower shall not relieve the Borrower from its obligations hereunder except to the extent permitted the Borrower is prejudiced thereby. The Borrower shall be entitled to assume the defense of any such action, proceeding or investigation, including the employment of counsel and the payment of all fees and expenses. Each Indemnified Party shall have the right to employ separate counsel in connection with any such action, proceeding or investigation and to participate in the defense thereof, but the fees and expenses of such counsel shall be paid by applicable lawsuch Indemnified Party, unless (i) the Borrower has failed to assume the defense and employ counsel as provided herein, (ii) the Borrower has agreed in writing to pay such fees and expenses of separate counsel or (iii) an action, proceeding or investigation has been commenced against such Indemnified Party and the Borrower and representation of both the Borrower and such Indemnified Party by the same counsel would be inappropriate because of actual or potential conflicts of interest between the parties (in the case of any Agent or Lender, the existence of any such actual or potential conflict of interest to be determined by such party, taking into account, among other things, any relevant regulatory concerns). In the case of any circumstance described in clause (i), (ii), or (iii) of the immediately preceding sentence, the Borrower shall be responsible for the reasonable fees and expenses of such separate counsel; provided, however, that the Borrower shall not assertin any event be required -------- ------- to pay the fees and expenses of more than one separate counsel (plus appropriate local counsel under the direction of such separate counsel) for all Indemnified Parties, unless representation of all Indemnified Parties by the same counsel would be inappropriate due to actual or potential conflicting interests between such Indemnified Parties, in which case, the Borrower shall be required to pay the fees and hereby waives, expenses of such additional counsel as are necessary to prevent such conflicting interests. The Borrower shall be liable only for settlement of any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, an Indemnified Party made with the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofBorrower's written consent. (ef) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Firearms Training Systems Inc)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Participation Obligations or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued outstanding hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxxx Xxxx & Xxxxxxx LLPXxxxxxxx LLP (including any financial advisor thereto or retained thereby), (counsel for the Administrative Agent Agents and the Collateral AgentLead Arranger), Holland and Xxxx (special mining counsel for the Agents and Lenders), Xxxxx Figa & Will P.C., (special mining counsel in Wyoming for the Agents and Lenders) and XxXxxxx Xxxxx LLP, (local Virginia counsel for the Agents and Lenders), and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own any other counsel, of another firm including the reasonable fees, charges and disbursements of counsel for each group of affected Lendersthe Agents, similarly situatedthe Lead Arranger, taken as a wholeany Issuing Bank or any Lender (but no more than one outside counsel for any Lender). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentLead Arranger, each Issuing Bank, each Lender, the Issuing Bank Existing Credit Agreement Agent, the Existing Credit Agreement Lenders and each Related Party of any of the foregoing Persons their respective Affiliates, directors, trustees, officers, employees, investment advisors and agents (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, litigation, investigations or proceedings and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted or brought against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the any actual or proposed use of the proceeds of the Loans L/C Borrowings or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoingforegoing or the Existing Credit Agreement, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or not brought by the Borrower, any other Loan Party Borrower or any of their respective Affiliatesits Subsidiaries or any other Person; provided further that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, litigation, investigations or proceedings or related expenses results primarily from the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties as determined by a court of competent jurisdiction in a final and non-appealable judgment (any such Indemnitee and its Related Parties treated, for this purpose only, as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, litigation, investigations or proceedings and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property or facility owned, leased or operated by the Borrower or any of its Subsidiaries, or by any predecessor of the Borrower or any of its Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities liabilities, litigation, investigations or proceedings or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted result from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Related Parties as determined by a court of competent jurisdiction in a final and non-appealable decision judgment. The provisions of this Section 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by such Indemnitee or (z) on behalf of any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, any Issuing Bank or any Lender. All amounts due under this Section 10.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. The Borrower agrees that in the Swingline Lender event that any actions or proceedings are in effect or are threatened by or any Agent reasonably believes any actions or proceedings may be brought by the Issuing BankCreditors’ Committee or any other party in interest attacking the legality, validity, enforceability of the obligations under the Loan Documents, the Liens arising Loan Documents at the time of the consummation of any sale of the assets of the Loan Parties or at the time that Loan Parties propose to pay and satisfy the Obligations in each case full, such Agent may hold a reserve following the date of payment in their respective capacitates full of the Obligations as such). This Cash Collateral for the expenses or claims expected to be incurred in connection with such actions or proceedings until the earlier of (x) such Agent’s receipt of a general release satisfactory in form and substance to such Agent, and (y) the entry of a final non-appealable order determining the outcome of such litigation. (c) [Reserved]. (d) Except as expressly provided in Section 9.05(b10.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.11, this Section 10.05 shall not apply with respect to Taxes other than Taxes, except any Taxes that represent losses, claims, damages, etc. damages or liabilities arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (de) To the extent permitted by applicable law, the Borrower Loan Parties shall not assert, and hereby waiveswaive, any claim against any IndemniteeIndemnitee by the Loan Parties or their Affiliates, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan L/C Borrowing or Letter of Credit or the use of the proceeds thereof. (ef) The provisions No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Section 9.05 shall remain operative and in full force and effect regardless of Agreement or the expiration of the term of this Agreement, the consummation of other Loan Documents or the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity hereby or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand thereforthereby.

Appears in 1 contract

Samples: Superpriority Secured Second Out Debtor in Possession Credit Agreement (Alpha Natural Resources, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses expenses, to those of Milbank, Tweed, Xxxxxx & XxXxxx LLP, counsel for the Agents and Arrangers taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction (iand, in the case of an actual or perceived conflict of interest where any of the Agents or Arrangers affected by such conflict retains its own counsel, of another firm of counsel for such affected party and any similarly situated parties taken as a whole)) incurred by the Administrative AgentAgents and Arrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities Term Loan Facility and the preparation preparation, negotiation and administration of this Agreement and the other Loan Documents or in connection with any amendments, supplements, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) and (ii) all documented out-of-pocket expenses (but limited, that the Borrower shall not be responsible pursuant as to this clause (i) for the reasonable feeslegal fees and expenses, charges and disbursements of more than a single primary to one counsel for all such Persons taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction (and, in the Administrative Agentcase of an actual or perceived conflict of interest where any of the Agents, the Collateral AgentArrangers or the Lenders affected by such conflict retains its own counsel, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single another firm of counsel for each appropriate jurisdiction (which may include such affected party and any similarly situated parties taken as a single special counsel acting in multiple jurisdictionswhole), or (ii) incurred by the Administrative Agent, the Collateral AgentAgents, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Term Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons Persons’ Affiliates and their respective Related Parties and their respective successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each material jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or and/or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesTerm Loan Facility), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or equityholders), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of their respective subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrower or their respective subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the officers, directors, employees, agents, advisors other Loan Documents or other representative of in connection with any of the foregoing, transaction contemplated hereby or thereby (in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement case as determined by a court of competent jurisdiction in a final and non-appealable decision judgment) or (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings or the Borrower after such property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer. The Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee or provides the Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent any of the foregoing items in clauses (zx) any dispute among Indemnitees and (other than a dispute involving claims against y) occurs. Notwithstanding the Administrative Agentforegoing, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This this Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent lossesTax matters, claims, damages, etc. arising from any non-Tax claimwhich shall be governed exclusively by Section 2.20. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.059.05 (and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Term Loan Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates or the respective directors, officers, employees and agents of such party and such party’s Affiliates and (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Term Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Term Loan Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail.

Appears in 1 contract

Samples: Term Loan Agreement (CDW Corp)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Agents, the Administrative Agent, the Canadian Administrative Agent, the Collateral Agent, the Issuing Bank, Facing Agents and the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities preparation, execution and the preparation and administration delivery of this Agreement and the other Loan Documents (including all costs relating to due diligence) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) or incurred by the Agents, that the Borrower shall not be responsible pursuant to this clause (i) for Administrative Agent, the reasonable fees, charges and disbursements of more than a single primary counsel for the Canadian Administrative Agent, the Collateral Agent, the Issuing BankFacing Agents, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, disbursements and other charges and disbursements of Xxxxxx Xxxxxx Cravath, Swaine & Xxxxxxx LLPXxxxx, counsel for the Administrative Agent JPMCB and the Collateral AgentDB, and, in connection with any such enforcement or protection, the reasonable 122 fees, disbursements and other charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictionsincluding allocated costs of internal counsel) for the Agents, the Administrative Agent, the Canadian Administrative Agent, the Swingline Lender, the Collateral Agent, the Facing Agents or any Lender. The Borrowers further agree to indemnify the Agents, the Administrative Agent, the Canadian Administrative Agent, the Collateral Agent, the Arrangers Facing Agents, the Swingline Lender and the Lenders (from, and their respective Affiliates) (andhold them harmless against, in any documentary taxes, assessments or similar charges made by any Governmental Authority by reason of the case execution and delivery of an actual this Agreement or perceived conflict any of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)other Loan Documents. (b) The Borrower agrees Borrowers agree, jointly and severally, to indemnify the Arrangers, each Agent, the Administrative Agent, the Canadian Administrative Agent, the Collateral Agent, each Lenderthe Facing Agents, the Issuing Bank Swingline Lender and each Related Party Lender and each of any of the foregoing Persons their respective directors, officers, employees, trustees, advisors and agents (each such Person person being called an “Indemnitee”"INDEMNITEE") against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, disbursements and other charges of charges, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the Letters of Credit or the proceeds of the Loans or issuance of Letters of Creditand the Swingline Loans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto or (and regardless iv) any actual or alleged presence or release of whether such matter is initiated Hazardous Materials on or from any property currently or formerly owned or operated by a third party either Borrower or by any of the Borrower, any other Loan Party Subsidiaries or any of their respective Affiliates); provided predecessors or any liability under any Environmental Law related in any way to either Borrower or any of the Subsidiaries, PROVIDED that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith negligence or willful wilful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 SECTION 11.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans or the Swingline Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Agents, the Administrative Agent, the Canadian Administrative Agent, the Collateral Agent, any Facing Agents, the Swingline Lender or the Issuing Bankany Lender. All amounts due under this Section 9.05 SECTION 11.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Stone Container Corp)

Expenses; Indemnity. (a) The Borrower agrees and Holdings agree, jointly and severally, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers Term Lenders (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, Agent and the Collateral Agent, the Arrangers Agent (and each of their respective Affiliates) or any Term Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans Term Xxxxx made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx Xxxx & Xxxxxxx Xxxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers Agent and the Term Lenders (and each of their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees and Holdings agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, each Term Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel and consultant or other expert fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iii) any Environmental Liability related in any way to of the Loan Parties, any of their respective subsidiaries or predecessors or any property currently or formerly owned, leased or operated by the Loan Parties, Parties or any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Material Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or any other Person); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. ., arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable lawApplicable Law, neither Holdings nor the Borrower shall not assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Term Loan or Letter of Credit or the use of the proceeds thereof. (ed) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Term Loan Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankTerm Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (TreeHouse Foods, Inc.)

Expenses; Indemnity. (a) The Borrower agrees Borrowers and Holdings agree, severally and not jointly, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by of the Administrative Agent, the Collateral Agent, the Issuing BankLead Arranger, the Swingline Lender Syndication Agent and the Arrangers Issuing Bank (including but not limited to reasonable and documented legal fees, disbursements and other charges of one primary outside counsel (absent a conflict of interest) and, in the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction) and reasonable and documented expenses of their respective Affiliates) in connection the Administrative Agent, the Collateral Agent, the Lead Arranger, the Syndication Agent and the Issuing Bank associated with the syndication of the Credit Facilities and the preparation preparation, execution and administration delivery, administration, amendment, waiver or modification (including proposed amendments, waivers or modifications) of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Lead Arranger, the Syndication Agent, the Issuing Bank or any Lender (including but not limited to reasonable legal fees and expenses of one primary outside counsel (absent a conflict of interest) and, in connection the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction) and for workout proceedings, enforcement costs and documentary taxes associated with the enforcement or protection of its rights in connection Loan Documents, including with this Agreement and the other Loan Documents or in connection with respect to the Loans made or Letters of Credit issued hereunder. (b) The Borrowers, including the reasonable feesseverally and not jointly, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for agree to indemnify the Administrative Agent and Agent, the Collateral Agent, and, in connection with any such enforcement or protectionthe Lead Arranger, the Syndication Agent, the Issuing Bank, the Lenders and each Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) and hold each Indemnitee harmless from and against all reasonable out-of-pocket costs, expenses (including reasonable and documented and invoiced fees, disbursements and other charges of one counsel for all Indemnitees, one special maritime counsel and disbursements one primary firm of a single local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) jurisdictions for all Indemnitees (and, in the case of an actual or perceived a conflict of interest, where the Borrower is informed Indemnitee affected by such conflict informs the Borrowers of such conflict by the affected Indemnitees and such affected Indemnitees retain their thereafter retains its own counsel, of another firm of counsel for each group of similarly situated affected Indemnitees)), similarly situatedclaims, taken as a whole) damages, losses and liabilities of any such Indemnitee arising out of, relating to or in connection with the Credit Facilities and any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebydocumentation related thereto, the performance by the parties thereto of their respective obligations thereunder actual or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditCredit Facilities, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries Transactions or any property currently or formerly ownedtransaction contemplated in connection with the foregoing (including any investigation, leased or operated by the Loan Parties, any of their respective subsidiaries claim or any litigation or other proceeding, or preparation of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer a defense in connection therewith (regardless of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any such Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrowers or any of their respective Affiliatesaffiliates or equity holders) that relates to the Transactions, including the financing contemplated hereby or any transactions in connection therewith); , provided that such indemnity shall notno Indemnitee will be indemnified for any cost, as to any Indemnitee, be available expense or liability to the extent that such lossesdetermined in the final, claims, damages, liabilities or related expenses are determined by non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the its gross negligence, bad faith or faith, willful misconduct of such nor for any claims brought by an Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such against another Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender Lead Arranger or the Issuing BankAdministrative Agent acting in such capacity), in each case in their respective capacitates as such). This Section 9.05(b) and this provision shall not cover any expenses incurred in connection with the preparation, negotiation or diligence in connection with the Loan Documents; and provided further that the foregoing indemnity shall only apply to the Cayman Borrower and the Cayman Subsidiary Guarantors to the extent such claim, damage, loss or liability arises out of, relates to or is in connection with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claimthe Foreign Obligations. (c) To the extent that Holdings and the Borrower fails Borrowers fail to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, any Lead Arranger, the Syndication Agent or the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Lead Arranger, the Syndication Agent, the Collateral Agent, or the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, any Lead Arranger, the Collateral Syndication Agent, the Issuing Bank, the Swingline Lender Collateral Agent or the Arrangers (or each of their respective Affiliates) Issuing Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, none of the Borrower parties hereto shall not assert, and each hereby waives, any claim against any Indemniteeother party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after promptly upon written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket expenses (but limited, as to legal fees and expenses expenses, to those of Xxxxxx & Xxxxxxx LLP, counsel for the Agents and Arrangers taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction (iand, in the case of an actual or perceived conflict of interest where any of the Agents or Arrangers affected by such conflict retains its own counsel, of another firm of counsel for such affected party and any similarly situated parties taken as a whole)) incurred by the Administrative AgentAgents and Arrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities Term Loan Facility and the preparation preparation, negotiation and administration of this Agreement and the other Loan Documents or in connection with any amendments, supplements, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) and (ii) all documented out-of-pocket expenses (but limited, that the Borrower shall not be responsible pursuant as to this clause (i) for the reasonable feeslegal fees and expenses, charges and disbursements of more than a single primary to one counsel for all such Persons taken as a whole, and, if reasonably necessary, of one local counsel in each material jurisdiction (and, in the Administrative Agentcase of an actual or perceived conflict of interest where any of the Agents, the Collateral AgentArrangers or the Lenders affected by such conflict retains its own counsel, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single another firm of counsel for each appropriate jurisdiction (which may include such affected party and any similarly situated parties taken as a single special counsel acting in multiple jurisdictionswhole), or (ii) incurred by the Administrative Agent, the Collateral AgentAgents, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights or remedies in connection with this Agreement and the other Loan Documents or in connection with the Term Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify each Arranger, the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons Persons’ Affiliates and their respective Related Parties and their respective successors and assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all lossescosts, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, out-of-pocket disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole, and one local counsel to the Indemnitees taken as a whole in each material jurisdiction; provided that if (i) one or more Indemnitees shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to one or more other Indemnitees or (ii) the representation of the Indemnitees (or any portion thereof) by the same counsel would be inappropriate due to actual or potential differing interests between them, then such expenses shall include the reasonable fees, out-of-pocket disbursements and other charges of one separate counsel to such Indemnitees, taken as a whole, in each relevant jurisdiction), and liabilities of such Indemnitee arising out of, of or in any way connected with, or as a result of connection with (iw) the execution or and/or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit FacilitiesTerm Loan Facility), (iix) the proposed use of the proceeds of the Loans or issuance of Letters of CreditTerm Loans, (iiiy) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries actual or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective AffiliatesAffiliates or equityholders), or (z) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by Holdings, the Borrower or any of their respective subsidiaries, or any liability under Environmental Laws related in any way to Holdings, the Borrower or their respective subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such lossescosts, claims, damages, expenses or liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) resulted from the gross negligence, bad faith faith, fraud or willful misconduct of such Indemnitee (or its Affiliates and the respective directors, officers, employees and agents of such Indemnitee and such Indemnitee’s Affiliates to the extent they are acting at such Indemnitee’s or such Indemnitee’s Affiliates direction) (each, a “related party” of such Indemnitee) or material breach of its (or any of its controlled Affiliates related parties’) obligations hereunder or under any of the officers, directors, employees, agents, advisors other Loan Documents or other representative of in connection with any of the foregoing, transaction contemplated hereby or thereby (in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement case as determined by a court of competent jurisdiction in a final and non-appealable decision judgment) or (y) relate to the presence or Release of Hazardous Materials that first occur at any property owned by Holdings or the Borrower after such property is transferred to any Indemnitee, any of its related parties or any of their respective successors or assigns by foreclosure, deed-in-lieu of foreclosure or similar transfer. The Borrower shall have no obligation to reimburse any Indemnitee for fees and expenses unless such Indemnitee or provides the Borrower with an undertaking in which such Indemnitee agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent any of the foregoing items in clauses (zx) any dispute among Indemnitees and (other than a dispute involving claims against y) occurs. Notwithstanding the Administrative Agentforegoing, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This this Section 9.05(b) 9.05 shall not apply with respect to Taxes other than Tax matters, except any Taxes that represent liabilities, obligations, losses, damages, penalties, claims, damagesdemands, etc. actions, prepayments, suits, costs, expenses and disbursements arising from any non-Tax claimclaims. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Administrative Agent or the Arrangers (or each of their respective Affiliates) any other Indemnitee related thereto under paragraph (a) or (b) of this Section 9.059.05 (and without limiting its obligation to do so), each Lender severally agrees to pay to the Arrangers, such Indemnitee and the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative AgentArrangers, the Collateral Agent, the Issuing Bank, the Swingline Lender Agents or the Arrangers (or each of their respective Affiliates) such Indemnitee in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Term Loan Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no party hereto shall not assert, and each party hereto hereby waives, any claim against from (i) the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent such damages have resulted from the willful misconduct, bad faith, fraud or gross negligence of such party of any Indemniteeof its Affiliates or the respective directors, officers, employees and agents of such party and such party’s Affiliates and (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Term Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the expiration of the Term Loan Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent or any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) 30 days after written demand thereforreceipt of an invoice relating thereto setting forth such amounts in reasonable detail; provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final judicial or arbitral determination that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 9.05.

Appears in 1 contract

Samples: Term Loan Agreement (Forum Merger Corp)

Expenses; Indemnity. (a) The Borrower agrees Borrowers agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agents in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Agents in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Company and the other Loan Documents reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agents or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, hereunder and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special including the reasonable and documented expenses of Xxxx Xxxxxxxx LLP and of Xxxxxx & Xxxxxxx LLP and the reasonable and documented allocated costs of internal counsel acting in multiple jurisdictions) for the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Arrangers and the Lenders (and their respective Affiliates) (andany Issuing Bank or any Lender); provided that, in the case of an actual or perceived absent any conflict of interest, where the Borrower is informed Agents and the Joint Lead Arrangers shall not be entitled to indemnification for the fees, charges or disbursements of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of more than one counsel for in each group of affected Lenders, similarly situated, taken as a whole)jurisdiction. (b) The Borrower agrees Borrowers agree to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons their respective directors, trustees, officers, employees, investment advisors and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by in a final and nonappealable non-appealable judgment to have resulted from (x) the gross negligence, bad faith faith, material breach of contract or willful misconduct of such Indemnitee (treating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Claim related in any way to the Company, Holdco, the Borrowers or any of its controlled Affiliates their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property, any property owned, leased or operated by any predecessor of the Company, Holdco, the Borrowers or any of their Subsidiaries, or any property at which the officersCompany, directorsHoldco, employees, agents, advisors the Borrowers or other representative of any of the foregoingtheir Subsidiaries has sent Hazardous Wastes for treatment, in each casestorage or disposal, acting at the direction of provided that such indemnity shall not, as to any Indemnitee, (y) a material breach of any of its obligations under this Agreement as be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction in a final and non-appealable decision by judgment to have resulted from the gross negligence, bad faith, material breach of contract or willful misconduct of such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims of its Related Parties or would have arisen as against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each Indemnitee regardless of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or Letter of Credit or the use of the proceeds thereof. (e) punitive damages. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, Obligations under the expiration of the Commitments, the expiration of any Letter of CreditLoan Documents, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (c) Unless an Event of Default shall have occurred and be continuing, the Borrowers shall be entitled to assume the defense of any action, claim or other proceeding for which indemnification is sought hereunder with counsel of their choice at its expense (in which case the Borrowers shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding a Borrower’s election to assume the defense of such action, claim or proceeding, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, claim or proceeding, and such Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by such Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action, claim or proceeding include both such Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to such Borrower (in which case such Borrower shall not have the right to assume the defense or such action, claim or proceeding on behalf of such Indemnitee); (iii) such Borrower shall not have employed counsel reasonably satisfactory to such Indemnitee to represent it within a reasonable time after notice of the institution of such action, claim or proceeding; or (iv) such Borrower shall authorize in writing such Indemnitee to employ separate counsel at such Borrower’s expense. Such Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims, actions or proceedings if the settlement is entered into without such Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims, actions or proceedings against, and defenses available to, such Indemnitee; provided, that such Borrower will have no such consent right if an Event of Default shall have occurred and be continuing. (d) This Section 9.05 shall not apply to Taxes, other than any Taxes that represent losses or damages arising from non-Tax claims (and taking into account any associated Tax benefits in determining such losses or damages).

Appears in 1 contract

Samples: Credit Agreement (CHC Group Ltd.)

Expenses; Indemnity. (a) The Borrower agrees Borrowers and Holdings agree, severally and not jointly, to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by of the Administrative Agent, the Collateral Agent, the Issuing BankLead Arrangers, the Swingline Lender Syndication Agents and the Arrangers Issuing Bank (including but not limited to reasonable and documented legal fees, disbursements and other charges of one primary outside counsel (absent a conflict of interest) and, in the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction and reasonable and documented expenses of their respective Affiliates) in connection the Administrative Agent, the Collateral Agent, the Lead Arranger, the Syndication Agents and the Issuing Bank associated with the syndication of the Credit Facilities and the preparation preparation, execution and administration delivery, administration, amendment, waiver or modification (including proposed amendments, waivers or modifications) of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Lead Arrangers, the Syndication Agents, the Issuing Bank or any Lender (including but not limited to reasonable legal fees and expenses of one primary outside counsel (absent a conflict of interest) and, in connection the case of a conflict of interest, where such conflicted party informs the Borrowers of such conflict and thereafter retains its own counsel, of another counsel for similarly situated affected persons), one special maritime counsel and one firm of local counsel in each relevant jurisdiction and for workout proceedings, enforcement costs and documentary taxes associated with the enforcement or protection of its rights in connection Loan Documents, including with this Agreement and the other Loan Documents or in connection with respect to the Loans made or Letters of Credit issued hereunder. (b) The Borrowers, including the reasonable feesseverally and not jointly, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for agree to indemnify the Administrative Agent and Agent, the Collateral Agent, and, in connection with any such enforcement or protectionthe Lead Arrangers, the Syndication Agents, the Issuing Bank, the Lenders and each Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) and hold each Indemnitee harmless from and against all reasonable out-of-pocket costs, expenses including reasonable and documented and invoiced fees, disbursements and other charges of one counsel for all Indemnitees, one special maritime counsel and disbursements one primary firm of a single local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) jurisdictions for all Indemnitees (and, in the case of an actual or perceived a conflict of interest, where the Borrower is informed Indemnitee affected by such conflict informs the Borrowers of such conflict by the affected Indemnitees and such affected Indemnitees retain their thereafter retains its own counsel, of another firm of counsel for each group of similarly situated affected Indemnitees)), similarly situatedclaims, taken as a whole) damages, losses and liabilities of any such Indemnitee arising out of, relating to or in connection with the Credit Facilities and any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated therebydocumentation related thereto, the performance by the parties thereto of their respective obligations thereunder actual or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditCredit Facilities, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries Transactions or any property currently or formerly ownedtransaction contemplated in connection with the foregoing (including any investigation, leased or operated by the Loan Parties, any of their respective subsidiaries claim or any litigation or other proceeding, or preparation of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer a defense in connection therewith (regardless of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any such Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party Borrowers or any of their respective Affiliatesaffiliates or equity holders) that relates to the Transactions, including the financing contemplated hereby or any transactions in connection therewith); provided that such indemnity shall notno Indemnitee will be indemnified for (i) any cost, as to any Indemnitee, be available expense or liability to the extent that such lossesdetermined in the final, claims, damages, liabilities or related expenses are determined by non-appealable judgment of a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the its, or its Related Indemnified Persons, gross negligence, bad faith or faith, willful misconduct nor for any claims brought by an Indemnitee against another Indemnitee (other than claims against the Lead Arrangers or the Administrative Agent acting in such capacity), and this provision shall not cover any expenses incurred in connection with the preparation, negotiation or diligence in connection with the Loan Documents, (ii) a material breach of the obligations of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction Related Indemnified Person of such IndemniteeIndemnitee under the Loan Documents, (y) a material breach of any of its obligations under this Agreement as determined by a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (ziii) any dispute solely among the Indemnitees (other than a dispute involving claims against the Lead Arrangers, Administrative Agent, the Swingline Lender Collateral Agent or the Issuing Bank, in each case Syndication Agents acting in their respective capacitates capacity as such). This Section 9.05(b) shall and to the extent not apply with respect to Taxes other than arising out of any Taxes that represent losses, claims, damages, etc. arising from act or omission of Holdings and its Subsidiaries or any non-Tax claimof their Affiliates. (c) To the extent that Holdings and the Borrower fails Borrowers fail to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, any Lead Arrangers, the Syndication Agents or the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank under paragraph (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Lead Arrangers, the Syndication Agents, the Collateral Agent, or the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, any Lead Arrangers, the Syndication Agents, the Collateral Agent, Agent or the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, none of the Borrower parties hereto shall not assert, and each hereby waives, any claim against any Indemniteeother party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after promptly upon written demand therefor.

Appears in 1 contract

Samples: Incremental Assumption Agreement and Third Amendment to Third Amended and Restated Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, Agent and by the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Lenders in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) and/or incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or Agent and/or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLPcounsel (limited to (i) one counsel for the Lenders, taken as a whole, (ii) one counsel for the Administrative Agent Agent, (iii) if reasonably necessary, a single special counsel for the Lenders, taken as a whole, and a single special counsel for the Collateral Administrative Agent, for each relevant specialty, (iv) if reasonably necessary, a single counsel for the Lenders, taken as a whole, and a single counsel for the Administrative Agent, for each material jurisdiction and (v) solely in the case of an actual or perceived conflict of interest, one additional counsel in each applicable material jurisdiction to the affected persons similarly situated, taken as a whole), and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Agent or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (ba) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable fees, charges and disbursements and other charges of any environmental consultant and counsel (limited to (x) one counsel for all Indemnitees and(other than the Agent Indemnitees), if necessarytaken as a whole, one firm of local counsel in each appropriate jurisdiction material jurisdiction, (which may include a single special y) one counsel acting in multiple jurisdictions) for all Indemnitees Agent Indemnitees, taken as a whole, in each material jurisdiction and (and, z) solely in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by one additional counsel in each applicable material jurisdiction to the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, situated taken as a whole) of ), incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrower or the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted primarily from (x) the bad faith, gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any such Indemnitee’s obligations hereunder. Paragraph (b) of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) 9.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. liabilities and related expenses arising from any non-Tax claim. (cb) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates) a Related Party thereof under paragraph clause (a) or (b) of this Section 9.05Section, and without limiting the obligation of the Borrower to do so, each Lender severally agrees to pay shall indemnify, reimburse and hold harmless the Administrative Agent and each of its Related Parties (the “Agent Indemnitees”), based on and to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each extent of their respective Affiliates), as the case may be, such LenderXxxxxx’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), from and against (i) all unreimbursed expenses of such Agent Indemnitee under clause (a) of this Section and (ii) any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted against such unpaid amount; Agent Indemnitee arising out of, in any way connected with, or as a result of (A) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby, (B) the use of the proceeds of the Loans, (C) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Agent Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates), or (D) any actual or alleged presence or Release of Hazardous Materials on any property currently or formerly owned or operated by the Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Borrower or the Subsidiaries (provided that, in each case, such indemnity shall not, as to any Agent Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted primarily from the bad faith, gross negligence or willful misconduct of such Agent Indemnitee or a material breach of such Agent Indemnitee’s obligations hereunder), in each case, so long as the unreimbursed expense or expense, indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Agent Indemnitee in its capacity as Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent (or the Arrangers (or each Related Party of their respective Affiliates) the Administrative Agent in its capacity as such). For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments (if any) at the time (in each case, determined as if no Lender were a Defaulting Lender); provided that, if such unreimbursed expense or indemnity payment is sought after the date on which the Loans have been paid in full and the Commitments have been terminated, such determination of the Lender’s “pro rata share” shall be made as of the last date that any Loan or Commitment was outstanding. (dc) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (ed) The provisions of this Section 9.05 shall survive, remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, Agent any Lender or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Boxed, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by each of the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other Loan Documents delivered on the Closing Date and the syndication of the facilities provided for herein (whether or not the transactions hereby contemplated shall be consummated), (ii) incurred by the Administrative Agent in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant including without limitation, all costs related to this clause (i) for the reasonable fees, charges and disbursements electronic or internet distribution of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), information hereunder or (iiiii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights (as such rights may relate to the Borrower or any Restricted Subsidiary) in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, in each case including the reasonable fees, charges and documented out-of-pocket fees and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such “work-out” or any enforcement or protectionprotection of the rights of the Lenders or the Administrative Agent hereunder, any other counsel for the Administrative Agent and counsel for any Lender; provided, however, that in connection with any one such action or any separate but substantially similar or related actions in the same jurisdiction, the reasonable fees, charges Borrower shall not be liable for the fees and disbursements expenses of a single more than one counsel to the Administrative Agent (along with one local counsel in each appropriate jurisdiction (which may include a single special applicable jurisdiction) and one separate counsel acting in multiple jurisdictions) for to the Administrative Agent, the Collateral Agent, the Arrangers Lenders and the Lenders Issuing Bank (and their respective Affiliates) (andalong with one local counsel in each applicable jurisdiction), in the case of unless there shall exist an actual or perceived conflict of interestinterest among such Persons, where the Borrower is informed of and in such conflict by case, not more than one additional counsel to the affected Lenders and such affected Lenders retain their own counsel, of another firm of parties (along with one additional local counsel for in each group of affected Lenders, similarly situated, taken as a wholeapplicable jurisdiction). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agenteach Lender, each LenderArranger, each Book-Running Manager, the Syndication Agent, the Issuing Bank and each Related Party of any of the foregoing Persons their respective directors, officers, employees, agents and Affiliates (each such Person being called Person, an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, obligations, actions or causes of action brought by a third party, settlement payments and related expenses, including reasonable and documented or invoiced out-of-pocket counsel fees and expenses expenses, incurred, suffered, sustained or required to be paid by or asserted against any Indemnitee by reason of or resulting from or in connection with any claim, litigation, investigation or proceeding (including reasonable fees, disbursements and other charges regardless of whether any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include Indemnitee is a single special counsel acting in multiple jurisdictionsparty thereto) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of related to (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities), or (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit; provided, (iii) any Environmental Liability related in any way to the Loan Partieshowever, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x1) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of (2) the officers, directors, employees, agents, advisors or other representative of any of the foregoing, breach in each case, acting at the direction bad faith by such Indemnitee of such Indemnitee’s obligations under any Loan Document, or (y) a material breach constitute amounts in respect of Excluded Taxes. Promptly after receipt by an Indemnitee of notice of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender complaint or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply commencement of any action or proceeding with respect to Taxes other than any Taxes that represent losseswhich indemnification is being sought hereunder, claimssuch Person shall notify the Borrower of such complaint or of the commencement of such action or proceeding, damages, etc. arising but failure so to notify the Borrower will relieve the Borrower from any non-Tax liability which the Borrower may have hereunder only if and to the extent that such failure results in the forfeiture by the Borrower of substantial rights and defenses, and shall not in any event relieve the Borrower from any other obligation or liability that the Borrower may have to any Indemnitee otherwise than under this Agreement. If the Borrower so elects or is requested by such Indemnitee, the Borrower shall assume the defense of such action or proceeding, including the employment of counsel reasonably satisfactory to the Indemnitee and the payment of the reasonable fees and disbursements of such counsel. In the event, however, such Indemnitee reasonably determines in its judgment that having common counsel would present such counsel with a conflict of interest or if the defendant in, or targets of, any such action or proceeding include both the Indemnitee and the Borrower, and such Indemnitee reasonably concludes that there may be legal defenses available to it or other Indemnitees that are different from or in addition to those available to the Borrower or if the Borrower fails to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to such Indemnitee, in either case in a timely manner, then the Indemnitee may employ separate counsel to represent or defend it in any such action or proceeding and the Borrower shall pay the reasonable fees and disbursements of such counsel. In any action or proceeding the defense of which the Borrower assumes, the Indemnitee shall have the right to participate in such litigation and to retain its own counsel at the Indemnitee’s own expense. The Borrower further agrees that it shall not, without the prior written consent of the Indemnitee, settle or compromise or consent to the entry of any judgment in any pending or threatened claim, action, suit or proceeding in respect of which indemnification may be sought hereunder (whether or not an Indemnitee is an actual or potential party to such claim, action, suit or proceeding) unless such settlement, compromise or consent includes (i) an unconditional release of each Indemnitee hereunder from all liability arising out of such claim, action, suit or proceeding or (ii) a covenant not to xxx each Indemnitee, or another similar alternative which is consented to by each Indemnitee party to such claim, action, suit or proceeding, which covenant not to xxx or other approved alternative has the effect of an unconditional release of each Indemnitee hereunder from all liability arising out of such claim, action, suit or proceeding. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agentany Arranger, any Lender or the any Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after upon written demand therefor.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Choice Hotels International Inc /De)

Expenses; Indemnity. (a) The Borrower agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (Agent and each Related Party of their respective Affiliates) any of the foregoing Persons in connection with the syndication of the Credit Facilities and the preparation preparation, execution, delivery and administration of this Agreement and the other Loan Credit Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided) (but limited, that the Borrower shall not be responsible pursuant with respect to this clause (i) for legal expenses, to the reasonable and documented fees, disbursements and other charges of one (1) single firm of primary counsel, one (1) single firm of special counsel and disbursements one (1) firm of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single additional local counsel for each appropriate applicable jurisdiction to the Administrative Agent and the Collateral Agent taken as a whole, and one (which may include 1) additional single firm of primary counsel and one (1) firm of additional local counsel for each applicable jurisdiction to the Lenders, taken as a single special counsel acting in multiple jurisdictions), or whole) and (ii) all documented (in summary form) out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (Agent each Lender and each Related Party of their respective Affiliates) or any Lender of the foregoing Persons in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Credit Documents or in connection with the Loans made hereunder or Letters in connection with any refinancing or restructuring of Credit issued hereunderthe credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (but limited, including with respect to legal expenses, to the reasonable and documented fees, disbursements and other charges of one (1) single firm of primary counsel, one (1) firm of special counsel and disbursements one (1) firm of Xxxxxx Xxxxxx & Xxxxxxx LLP, additional local counsel for each applicable jurisdiction to the Administrative Agent and the Collateral AgentAgent taken as a whole, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a one (1) additional single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of primary counsel and one (1) firm of additional local counsel for each group of affected applicable jurisdiction to the Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender, the Issuing Bank Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, penalties, claims, damages, liabilities liabilities, obligations, fines and related expenses, including reasonable counsel fees, charges and disbursements (but limited, with respect to legal expenses, to the reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable fees, disbursements and other charges of any environmental consultant one (1) single firm of primary counsel to the Administrative Agent and the Collateral Agent (and their Related Parties) taken as a whole, one (1) single firm of primary counsel to all other Indemnitees taken as a whole, one (1) firm of special counsel and one counsel for all Indemnitees and, if necessary, one (1) additional firm of local counsel in for each appropriate applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all similarly situated Indemnitees (andit being agreed that, in the case of an any actual or perceived conflict of interestinterest between or among any Indemnitees, where the Borrower is informed of such conflict by the affected Indemnitees shall be deemed not to be similarly situated and each such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected IndemniteesIndemnitees shall be entitled to additional counsel as set forth herein)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of or by reason of (i) the execution or delivery of this Agreement or any other Loan Credit Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of CreditLoans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoingforegoing (including in connection with the enforcement of this Section 9.05), whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Credit Party or any of their respective Affiliates) or (iv) the actual or alleged presence of, or exposure to, Hazardous Materials in the indoor or outdoor air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries, the generation, storage, transportation, handling, Release or disposal of Hazardous Materials by the Borrower or any of its Subsidiaries at any location, whether or not owned, leased or operated by the Borrower or any of its Subsidiaries, the non-compliance by, or liability of or relating to, the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries with, relating to, or under any Environmental Law (including applicable permits thereunder), or any Environmental Claim threatened or asserted against or relating to the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from (x) the gross negligence, bad faith negligence or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. ., arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them it to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of Agent and their respective Affiliates) Related Parties under paragraph clause (a) or (b) of this Section 9.05Section, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent or the Arrangers (or each of their respective Affiliates)Related Parties, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)time. (d) To the extent permitted by applicable law, the Borrower no Credit Party shall not assert, and each Credit Party hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential consequential, incidental or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Credit Document or any agreement or instrument contemplated herebyhereby or thereby, the Transactions, Transactions or any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Mfa Financial, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentLead Arrangers and their respective Affiliates in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents, the Issuing Bank, the Swingline Lender Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including reasonable and documented out of pocket expenses incurred in connection with due diligence and including, but limited in respect of fees, expenses and disbursements of counsel, to the reasonable fees, disbursements and the other Loan Documents charges of counsel to one primary counsel for the Agents and the Lead Arrangers and, if necessary, one firm of local counsel for the Agents and the Lead Arrangers in each relevant jurisdiction material to the interests of the Agents and the Lead Arrangers taken as a whole (and solely in the case of a conflict of interest, one additional primary counsel and one additional firm of counsel in each relevant jurisdiction that is material to each group of similarly situated affected Agents and Lead Arrangers) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or Letters of Credit issued hereunder, including the reasonable including, but limited in respect of fees, charges expenses and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLPcounsel, to the reasonable and documented fees, disbursements and other charges of one counsel for to the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protectionAgents, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Lead Arrangers and the Lenders taken as a whole, and, if necessary, of one local counsel in any jurisdiction material to the interests of the Agents, the Lead Arrangers, and the Lenders taken as a whole (and their respective Affiliates) (and, solely in the case of an actual or perceived a conflict of interest, where the Borrower is informed of such conflict by the affected Lenders one additional primary counsel and such affected Lenders retain their own counsel, of another one additional firm of counsel for in each relevant jurisdiction that is material to each group of similarly situated affected LendersAgents, similarly situated, taken as a wholeLenders and Lead Arrangers). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentLead Arrangers, each LenderL/C Issuer, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented or invoiced out-of-pocket fees counsel fees, charges and expenses disbursements (including limited, in the case of legal expenses, to reasonable and documented legal fees, disbursements and other charges of any environmental consultant and one primary counsel for all Indemnitees Indemnitees, and, if necessary, one firm of local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) material to the interests for all Indemnitees (and, solely in the case of an actual or perceived a conflict of interest, interest where the Indemnitee(s) affected by such conflict notifies the Borrower is informed of the existence of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of thereafter retains another firm of counsel, one additional primary counsel and, if necessary, one additional local counsel in each relevant material jurisdiction for each group of similarly situated affected Indemnitees)), similarly situated, taken as a whole) of incurred by or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) any action taken in connection with this Agreement, including, but not limited to, the proposed payment of principal, interest and fees, (iii) the use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided Indemnitee initiated or is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE, provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final and nonappealable judgment of a court of competent jurisdiction by final and nonappealable judgment (x) to have resulted from (x) the gross negligence, bad faith faith, material breach of this Agreement or any of the Loan Documents or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, Related Parties acting at the direction of such Indemniteeits direction, or (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute to arise from disputes solely among Indemnitees (other than a if such dispute involving claims against does not involve any action or inaction by the Administrative AgentLoan Parties. Subject to and without limiting the generality of the foregoing sentence, the Swingline Lender or the Issuing BankBorrower agrees to indemnify each Indemnitee against, in and hold each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than Indemnitee harmless from, any Taxes that represent and all losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agentliabilities and related expenses, the Collateral Agentincluding reasonable and documented counsel or consultant fees, the Issuing Bankout of pocket charges and disbursements, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) Indemnitee arising out of, in connection any way connected with, or as a result of, this Agreement of (A) an Environmental Liability related in any way to the Borrower or any agreement or instrument contemplated herebyof its Subsidiaries, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.or

Appears in 1 contract

Samples: Credit Agreement (DT Midstream, Inc.)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable and documented fees, disbursements and charges of Xxxxxx & Xxxxxxx, LLP and for no more than one counsel in any relevant jurisdiction) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agentany other counsel; provided that, absent any conflict of interest, the Collateral AgentAgents, the Joint Lead Arrangers and the Lenders (shall not be entitled to indemnification for the reasonable and their respective Affiliates) (anddocumented fees, charges or disbursements of more than one counsel in each jurisdiction; provided however that in the case event of an actual or perceived a conflict of interest, where the Borrower is informed of such conflict by the affected Lenders Agent, Joint Lead Arranger or Lender, as applicable, shall be entitled to indemnification for the reasonable and such affected Lenders retain their own documented fees, charges or disbursements of one additional counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all liabilities, obligations, losses, claims, damages, liabilities penalties, actions, judgments and suits of any kind and all related costs, expenses or disbursements, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Engagement Letter, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Revolving Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not the Borrower, its Subsidiaries, its equity holders, its creditors, any Indemnitee or any third party initiated or is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates)thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment in a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee (xtreating, for this purpose only, any Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Event or Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Real Property currently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or by any predecessor of the Borrower or any of its Subsidiaries, or any property at which the Borrower or any of its Subsidiaries has sent Hazardous Materials for treatment, storage or disposal; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates Related Parties or would have arisen as against the Indemnitee regardless of this Agreement or any other Loan Document or any Borrowings hereunder. In no event shall any Indemnitee be liable to any Loan Party for any consequential, indirect, special or punitive damages. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of the officers, directors, employees, agents, advisors any information or other representative of any of materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the foregoing, in each case, acting at other Loan Documents or the direction transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee, (y) a material breach of any of its obligations under this Agreement Indemnitee as determined by in a final, non-appealable judgment of a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such)jurisdiction. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of CreditObligations, the invalidity or unenforceability of any term or provision of the Engagement Letter, this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral any Agent, any Lender or the Issuing Bank, any Joint Lead Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within thirty fifteen (3015) days after of written demand therefortherefor accompanied by reasonable backup documentation with respect to any reimbursement, indemnification or other amount requested. (c) This Section 9.05 shall not apply to Taxes which are indemnified pursuant to Section 2.17.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Expenses; Indemnity. (a) The Borrower agrees to pay (whether or not the transactions contemplated hereby shall be consummated) all reasonable and documented or invoiced out-of-pocket fees costs and expenses (i) incurred by the Administrative Agent, the Collateral Agent, any Agent or the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) Bank in connection with the syndication of the Credit Facilities preparation, execution and the preparation and administration delivery of this Agreement and the other Loan Documents Documents, the closing of the Facilities, the administration of the Facilities or in connection with any amendmentsamendment, modifications modification or waivers waiver of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral incurred by any Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Bank or any Lender in connection with the enforcement or protection of its the rights in connection with of the Agents, the Issuing Bank and the Lenders under this Agreement and the other Loan Documents or in connection with the Loans made hereunder, the Notes issued hereunder or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx (i) Xxxxxxx Xxxxxxx & Xxxxxxx Xxxxxxxx LLP, counsel for to the Administrative Agent and the Collateral Agent, and(ii) any search and filing fees of any company acceptable to the Lenders, (iii) any third party consultants retained to assist the Agents in analyzing any environmental, insurance and other due diligence issues and (iv) in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single any other counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative any Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual Issuing Bank or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole)any Lender. (b) The Borrower agrees to indemnify each of the Administrative Agents, the Issuing Bank, the affiliates of any Agent, the Collateral Agent, each LenderIssuing Bank, the Issuing Bank Lenders, and each Related Party of any of the foregoing their respective directors, officers, employees, agents and Controlling Persons (each such Person being called each, an “Indemnitee”"Indemnified Party") against, from and to hold each Indemnitee harmless from, against any and all losses, claimsclaims (whether valid or not), damagesdamages and liabilities, liabilities and reasonable and documented joint or invoiced out-of-pocket fees and expenses (including reasonable feesseveral, disbursements and other charges of any environmental consultant and one counsel for all Indemnitees andto which such Indemnified Party may become subject, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual related to or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the Facilities and the transactions contemplated hereby and thereby, (ii) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions contemplated thereby hereby and thereby, (including iii) the syndication use of the Letters of Credit Facilities), (ii) the proposed use of or the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee Indemnified Party is a party thereto thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys' fees and regardless expenses) as they are incurred in connection with the investigation of, preparation for or defense of whether such matter is initiated by a third party any pending or by the Borrower, any other Loan Party threatened claim or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities action or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of proceeding arising therefrom. Notwithstanding the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of obligation to indemnify any of its obligations Indemnified Party under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with in respect of any loss, claim, damage or liability to Taxes other than any Taxes the extent that represent lossesa court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claimsclaim, damages, etc. arising damage or liability resulted from any non-Tax claimsuch Indemnified Party's gross negligence or willful misconduct. (c) To The Borrower agrees to indemnify each of the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral AgentAgents, the Issuing Bank, the Swingline Lender Lenders and the other Indemnified Parties from and against any and all losses, claims (whether valid or not), damages and liabilities, joint or several, to which such Indemnified Party may become subject, related to or arising out of (i) any Environmental Laws affecting the Arrangers Borrower or any other Loan Party or its properties or assets, (ii) any Hazardous Materials managed by the Borrower or each of their respective Affiliatesany other Loan Party, (iii) under paragraph (a) any event, condition or circumstance involving environmental pollution, regulation or control affecting the Borrower or any other Loan Party or its properties or assets or (biv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnified Party is a party thereto. The Borrower further agrees to reimburse each Indemnified Party for all expenses (including reasonable attorneys' fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatened claim or any action or proceeding arising therefrom. Notwithstanding the foregoing, the obligation to indemnify any Indemnified Party under this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each 9.05(c) shall not apply in respect of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified any loss, claim, damagedamage or liability to the extent that a court of competent jurisdiction shall have determined by final and nonappealable judgment that such loss, claim, damage or liability resulted from such Indemnified Party's gross negligence or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender)willful misconduct. (d) To In the event that the foregoing indemnity is unavailable or insufficient to hold an Indemnified Party harmless, then the Borrower will contribute to amounts paid or payable by such Indemnified Party in respect of such Indemnified Party's losses, claims, damages or liabilities in such proportions as appropriately reflect the relative benefits received by and fault of the Borrower and such Indemnified Party in connection with the matters as to which such losses, claims, damages or liabilities relate and other equitable considerations. (e) If any action, proceeding or investigation is commenced, as to which any Indemnified Party proposes to demand such indemnification, it shall notify the Borrower with reasonable promptness; provided, however, that any failure by such Indemnified Party to notify the Borrower shall not relieve the Borrower from its obligations hereunder except to the extent permitted the Borrower is prejudiced thereby. The Borrower shall be entitled to assume the defense of any such action, proceeding or investigation, including the employment of counsel and the payment of all fees and expenses. Each Indemnified Party shall have the right to employ separate counsel in connection with any such action, proceeding or investigation and to participate in the defense thereof, but the fees and expenses of such counsel shall be paid by applicable lawsuch Indemnified Party, unless (i) the Borrower has failed to assume the defense and employ counsel as provided herein, (ii) the Borrower has agreed in writing to pay such fees and expenses of separate counsel or (iii) an action, proceeding or investigation has been commenced against such Indemnified Party and the Borrower and representation of both the Borrower and such Indemnified Party by the same counsel would be inappropriate because of actual or potential conflicts of interest between the parties (in the case of any Agent or Lender, the existence of any such actual or potential conflict of interest to be determined by such party, taking into account, among other things, any relevant regulatory concerns). In the case of any circumstance described in clause (i), (ii), or (iii) of the immediately preceding sentence, the Borrower shall be responsible for the reasonable fees and expenses of such separate counsel; provided, however, that the Borrower shall not assert, in any event be required to pay the fees and hereby waives, expenses of more than one separate counsel (plus appropriate local counsel under the direction of such separate counsel) for all Indemnified Parties. The Borrower shall be liable only for settlement of any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, an Indemnified Party made with the Transactions, any Loan or Letter of Credit or the use of the proceeds thereofBorrower's written consent. (ef) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Agent or the Issuing BankLender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefor.

Appears in 1 contract

Samples: Credit Agreement (Star Gas Partners Lp)

Expenses; Indemnity. (a) The Borrower Company agrees to pay (i) all reasonable and documented or invoiced out-of-pocket fees and expenses (iincluding Other Taxes) incurred by the Administrative Agent, Agent in connection with the Collateral Agent, the Issuing Bank, the Swingline Lender preparation of this Agreement and the Arrangers (and each of their respective Affiliates) other Loan Documents, or by the Administrative Agent in connection with the syndication of the Credit Facilities Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Company and the preparation reasonable fees, disbursements and charges for no more than one outside counsel and, if necessary one local counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) Agent or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Letters of Credit issued hereunder, hereunder (including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx White & Xxxxxxx Case LLP, counsel for the Administrative Agent and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protectionif necessary, the reasonable fees, charges and disbursements of a single one local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a wholeper relevant jurisdiction). (b) The Borrower Company agrees to indemnify the Administrative Agent, the Collateral AgentJoint Lead Arrangers, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any their respective Affiliates, successors and assigns and the directors, trustees, officers, employees, advisors, controlling persons and agents of each of the foregoing Persons (each such Person person being called an “Indemnitee”),) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees costs and related expenses (including reasonable documented fees, charges and disbursements and other charges of any environmental consultant and one counsel for all Indemnitees White & Case LLP and, if necessary, one firm of local counsel in each appropriate relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in to the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situatedAgents, taken as a whole, in each relevant jurisdiction) of incurred by or asserted against any such Indemnitee arising out of, in any way connected withrelating to, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance the use of Letters any Letter of Credit, Credit or (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrowerthereto, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses (x) are determined by a judgment of a court of competent jurisdiction to have resulted by reason of the gross negligence, bad faith or willful misconduct of, or breach by, such Indemnitee (or its Related Parties), (y) arise out of any claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (or its Related Parties) (other than any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of the Company or any of its Affiliates and arises out of disputes among the Lenders and/or their transferees. Subject to and without limiting the generality of the foregoing sentence, the Company agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable out-of-pocket documented costs and reasonable out-of-pocket costs and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel, plus, if necessary, one local counsel in each relevant jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Company or any of their Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any Property, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or costs or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of of, or breach by, such Indemnitee or any of its controlled Affiliates Related Parties. The Company shall not be liable for any settlement of any proceeding referred to in this Section 9.05 effected without the Company’s written consent (such consent not to be unreasonably withheld or delayed); provided, however, that the Company shall indemnify the Indemnitees from and against any loss or liability by reason of such settlement if the Company was offered the right to assume the defense of such proceeding and did not assume such defense or such proceeding was settled with the written consent of the officersCompany, directors, employees, agents, advisors or other representative of any of the foregoingsubject to, in each case, acting at the direction of Company’s right in this Section 9.05 to claim an exemption from such Indemnitee, (y) a material breach of indemnity obligations. The Company shall indemnify the Indemnitees from and against any of its obligations under this Agreement as determined by a court of competent jurisdiction final judgment for the plaintiff in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, proceeding referred to in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay subject to the Administrative AgentCompany’s right in this Section 9.05 to claim an exemption from such indemnity obligations. The Company shall not, without the Collateral Agentprior written consent of any Indemnitee, the Issuing Bank, the Swingline Lender effect any settlement of any pending or the Arrangers threatened proceeding in respect of which such Indemnitee is a party and indemnity could have been sought hereunder by such Indemnitee unless such settlement (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is soughti) includes an unconditional release of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, Indemnitee from all liability or related expenseclaims that are the subject matter of such proceeding and (ii) does not include a statement as to or an admission of fault, as the case may be, was incurred culpability or a failure to act by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each on behalf of their respective Affiliates) in its capacity as suchany Indemnitee. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, each party hereto hereby waives for itself (and, in the Borrower shall not assertcase of the Company, and hereby waives, for each other Loan Party) any claim against any IndemniteeLoan Party, any Lender, any Agent and their respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, or as a result of, or in any way related to, this Agreement or any Loan Document or any agreement or instrument contemplated herebyhereby or thereby or referred to herein or therein, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. thereof or any act or omission or event occurring in connection therewith, and each party hereto (eand in the case of the Company on behalf of each other Loan Party) hereby waive, release and agree not to xxx upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the LoansSecured Obligations, the expiration termination of the Commitments, the expiration of any Letter Letters of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender Issuing Bank or the Issuing Bankany Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days after on written demand therefortherefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. It is understood and agreed that all indemnities under the First Amended and Restated Credit Agreement shall survive the Second Restatement Effective Date in accordance with the terms thereof. (c) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.17, this Section 9.05 shall not apply to Taxes.

Appears in 1 contract

Samples: Credit Agreement (Edwards Group LTD)

Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers and their respective Affiliates in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents, the Issuing Bank, the Swingline Lender Joint Lead Arrangers and the Arrangers (and each of their respective Affiliates) Affiliates in connection with the syndication of the Credit Facilities and Commitments or the preparation and administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower and the other Loan Documents reasonable and documented fees, disbursements and charges of Xxxxxx & Xxxxxxx, LLP and for no more than one counsel in any relevant jurisdiction) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions Transactions hereby or thereby contemplated shall be consummated); provided, that the Borrower shall not be responsible pursuant to this clause (i) for the reasonable fees, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) incurred by the Administrative AgentAgents, the Collateral Agent, the Joint Lead Arrangers (and each of their respective Affiliates) Affiliates or any Lender in connection with the enforcement or protection of its their rights in connection with this Agreement and the other Loan Documents or Documents, in connection with the Loans made or the Revolving Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel for the Administrative Agent Agents and the Collateral AgentJoint Lead Arrangers, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Administrative Agentany other counsel; provided, that, absent any conflict of interest, the Collateral AgentAgents, the Joint Lead Arrangers and the Lenders (shall not be entitled to indemnification for the reasonable and their respective Affiliates) (anddocumented fees, charges or disbursements of more than one counsel in each jurisdiction; provided however that in the case event of an actual or perceived a conflict of interest, where the Borrower is informed of such conflict by the affected Lenders Agent, Joint Lead Arranger or Lender, as applicable, shall be entitled to indemnification for the reasonable and such affected Lenders retain their own documented fees, charges or disbursements of one additional counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees to indemnify the Administrative AgentAgents, the Collateral AgentJoint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents, each LenderIssuing Bank, the Issuing Bank each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all liabilities, obligations, losses, claims, damages, liabilities penalties, actions, judgments and suits of any kind and all related costs, expenses or disbursements, including reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable counsel fees, disbursements charges and other charges of disbursements, incurred by or asserted against any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Commitment Letter, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby or thereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative use of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision by such Indemnitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective capacitates as such). This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. (e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under this Section 9.05 shall be payable within thirty (30) days after written demand therefor.or

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Expenses; Indemnity. (a) The Borrower agrees If the Closing Date occurs, the Borrowers jointly and severally agree to pay all reasonable and documented or invoiced out-of-pocket fees and expenses (i) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender Agent and the Arrangers (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or Documents, or, with respect to the Administrative Agent and the Collateral Agent, in connection with the syndication of commitments (including the obtaining and maintaining of CUSIP numbers for the Loans) or administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated); providedthereof, that the Borrower shall not be responsible pursuant to this clause including (i) for in connection with post-closing searches to confirm that security filings and recordations have been properly made and including any costs and expenses of the reasonable feesservice provider referred to in Section 8.03, charges and disbursements of more than a single primary counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender and the Arrangers (and each of their respective Affiliates) and more than a single counsel for each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions), or (ii) expenses incurred by the Administrative Agent, the Collateral Agent, the Arrangers (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunderdue diligence, including (iii) the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Administrative Agent, the Collateral Agent and the Collateral AgentArrangers, and the reasonable fees, charges and disbursements of one local counsel per jurisdiction, and (iv) all reasonable out-of-pocket expenses incurred by the Arrangers, Agents or any Lender in connection with the enforcement of this Agreement and the other Loan Documents in connection with the Loans made hereunder, including the reasonable fees, charges and disbursements of counsel for the Agents and the Lenders; provided that legal fees pursuant to this Section 9.05(a) shall be limited to the reasonable fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Agents and the Arrangers, and, in connection with any such enforcement if reasonably necessary or protectionadvisable, the reasonable fees, charges and disbursements of one local counsel per jurisdiction and one additional counsel for each group of affected persons, taken as a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for whole, to the Administrative Agent, the Collateral Agent, the Arrangers and the Lenders (and their respective Affiliates) (and, in the case extent of an any actual or perceived conflict of interest, where the Borrower is informed of such conflict by the affected Lenders . The Borrowers jointly and such affected Lenders retain their own counsel, of another firm of counsel for each group of affected Lenders, similarly situated, taken as a whole). (b) The Borrower agrees severally agree to indemnify the Administrative Agent, the Collateral Agent, the Arrangers, each Lender, the Issuing Bank each of their respective Affiliates and each Related Party of any their respective successors and assigns and their respective directors, partners, controlling persons, officers, employees, agents, trustees, advisors and members of the foregoing Persons (each such Person person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (related expenses, including reasonable counsel fees, charges and disbursements (limited to one counsel to the Agents and other charges of any environmental consultant their Related Parties and one local counsel for all Indemnitees to the Agents and their Related Parties in each applicable jurisdiction and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, solely in the case event of an actual or perceived conflict of interest, where one additional counsel in each applicable material jurisdiction to the Borrower is informed other Indemnitees) (except the allocated costs of such conflict in-house counsel), incurred by the affected Indemnitees and such affected Indemnitees retain their own counsel, of another firm of counsel for each group of affected Indemnitees, similarly situated, taken as a whole) of or asserted against any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of or otherwise relating to the Transactions and the other transactions contemplated thereby (including the syndication of the Credit Facilities)hereby, (ii) the proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or any property currently or formerly owned, leased or operated by the Loan Parties, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties, except that the Borrower shall not be obligated to indemnify any Indemnitees for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by the Borrower as first occurring after any transfer of the property by foreclosure or by a deed in lieu of foreclosure or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by Parent or any of the BorrowerSubsidiaries, Affiliates or equity holders; provided that such indemnity shall not, as to any other Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (1) the gross negligence, willful misconduct or bad faith of such Indemnitee, (2) a material breach of obligations by such Indemnitee or (3) any claim, litigation, investigation or proceeding that does not involve an act or omission of any Loan Party or any of its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent, the Collateral Agent, any Arranger or any other agent in its capacity as such with respect to any of the Loan Documents or arising out of any act or omission on the part of the Borrowers or their respective Subsidiaries or Affiliates). Subject to and without limiting the generality of the foregoing sentence, the Borrowers jointly and severally agree to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to one counsel to the Agents and their Related Parties and one local counsel to the Agents and their Related Parties in each applicable jurisdiction and, solely in the event of an actual or perceived conflict of interest, one additional counsel in each applicable material jurisdiction to the other Indemnitees) (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any claim or liability arising under Environmental Laws and related to Parent or any of the Subsidiaries, or (B) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on, from or to any property currently or formerly owned, operated or leased by any of them; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (x1) the gross negligence, willful misconduct or bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees, agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such IndemniteeRelated Parties, (y2) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction in a final and non-appealable decision Obligations by such Indemnitee or (z3) any dispute among Indemnitees claim, litigation, investigation or proceeding that does not involve an act or omission of any Loan Party or any of its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a dispute involving claims any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent, the Swingline Lender Collateral Agent, any Arranger or any other agent in its capacity as such with respect to any of the Loan Documents or arising out of any act or omission on the part of the Borrowers or their Subsidiaries or Affiliates). None of the Indemnitees (or any of their respective Affiliates) shall be responsible or liable to the Parent, Holdings or any of the Subsidiaries, Affiliates or stockholders or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged as a result of the Facilities or the Issuing BankTransactions. None of the Parent, in each case in Holdings or any of the Subsidiaries, Affiliates or stockholders shall be responsible or liable to the Indemnitees (or any of their respective capacitates Affiliates) or any other person or entity for any special, indirect, consequential or punitive damages, which may be alleged by an Indemnitee in its capacity or in fulfilling its role as suchan administrative agent or arranger or any similar role under this Agreement (other than in respect of any such damages incurred or paid by an Indemnitee to a third party for which such Indemnitee is otherwise entitled to indemnification pursuant to this Section 9.05). This The provisions of this Section 9.05(b9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Arranger or any Lender. All amounts due under this Section 9.05 shall be payable within 30 days following written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. (b) Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative of any amounts paid pursuant to Section 2.18, this Section 9.05 shall not apply with respect to Taxes other than any Taxes, except Taxes that represent losses, claims, damages, etc. arising damages or losses resulting from any a non-Tax claim. (c) To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or the Arrangers (or each of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). (d) To the fullest extent permitted by applicable law, none of Parent, Holdings or the Borrower Subsidiaries shall not assert, and hereby waiveswaive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactionstransactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. (ed) The provisions of agreements in this Section 9.05 shall remain operative and in full force and effect regardless of survive the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf resignation of the Administrative Agent, the Collateral Agent, the replacement of any Lender Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the Issuing Bank. All amounts due under other Obligations and the termination of this Section 9.05 shall be payable within thirty (30) days after written demand thereforAgreement.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Amaya Inc.)

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