Common use of Indemnification by Borrowers Clause in Contracts

Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each Lender, within 10 days after demand therefor, for the full amount of any Applicable Taxes (including for the full amount of any Applicable Taxes imposed or asserted on or attributable to amounts payable under this paragraph) paid by Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Reliance Steel & Aluminum Co), Credit Agreement (Reliance Steel & Aluminum Co)

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Indemnification by Borrowers. The Borrowers shall indemnify Administrative Agent and each LenderRecipient, within 10 days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) payable or paid by Administrative Agent such Recipient or required to be withheld or deducted from a payment to such Lender, as the case may be, Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Loan Agreement (Aaon, Inc.)

Indemnification by Borrowers. The Borrowers shall indemnify Administrative Agent and each LenderRecipient, within 10 ten (10) days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) payable or paid by Administrative Agent such Recipient or required to be withheld or deducted from a payment to such Lender, as the case may be, Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Atlas Corp.)

Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each LenderRecipient, within 10 ten (10) days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection 3.4) payable or paid by Administrative Agent such Recipient or required to be withheld or deducted from a payment to such Lender, as the case may be, Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers Borrower Representative by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each Lender, within 10 days after demand therefor, for the full amount of any Applicable Indemnified Taxes or Other Taxes (including for the full amount of any Applicable Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) paid by Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Focus Venture Partners, Inc)

Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each Lender, within 10 days after demand therefor, for the full amount of any Applicable Taxes (including for the full amount of any Applicable Taxes imposed or asserted on or attributable to amounts payable under this paragraph) paid by 40 Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Reliance Steel & Aluminum Co)

Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each LenderRecipient, within 10 days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection 2.13) payable or paid by Administrative Agent such Recipient or required to be withheld or deducted from a payment to such Lender, as the case may be, Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authoritygovernmental authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Loan and Security Agreement (ThredUp Inc.)

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Indemnification by Borrowers. Borrowers shall indemnify Administrative Agent and each Lender, within 10 ten (10) days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) paid by Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (FelCor Lodging LP)

Indemnification by Borrowers. The Borrowers shall indemnify Administrative Agent and each LenderRecipient, within 10 days after demand therefor, for the full amount of any Applicable Indemnified Taxes (including for the full amount of any Applicable Indemnified Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) payable or paid by Administrative Agent such Recipient or required to be withheld or deducted from a payment to such Lender, as the case may be, Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers the Company by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (California Water Service Group)

Indemnification by Borrowers. Borrowers shall indemnify the Administrative Agent and each Lender, within 10 days after demand therefor, for the full amount of any Applicable Indemnified Taxes or Other Taxes (including for the full amount of any Applicable Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this paragraphSection) paid by the Administrative Agent or such Lender, as the case may be, Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Applicable Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (USA Mobility, Inc)

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