Common use of Indemnification by Credit Parties Clause in Contracts

Indemnification by Credit Parties. Borrower shall indemnify each Recipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such 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 Borrower 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 6 contracts

Samples: Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD)

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Indemnification by Credit Parties. Borrower The Credit Parties shall indemnify each Recipientthe Lender, within 10 15 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient the Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such 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 the Borrower by a Lender (with a copy to Administrative Agentthe Lender), or by Administrative Agent the Lender on its own behalf or on behalf of a Lender, Lender shall be conclusive absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.)

Indemnification by Credit Parties. Borrower The Credit Parties shall indemnify each Recipientthe Agent or such Lender, within 10 15 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by the Agent or such Recipient or required to be withheld or deducted from a payment to such Recipient Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such 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 Borrower the Borrowers by a Lender (with a copy to Administrative the Agent), or by Administrative the Agent on its own behalf or on behalf of a Lender, Lender shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Strategic Storage Trust VI, Inc.)

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Indemnification by Credit Parties. Borrower The Credit Parties shall jointly and severally indemnify each Recipient, Recipient within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this SectionSection 2.16) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such 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 Borrower the Companies by a Lender Recipient (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a LenderRecipient, shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Lease Agreement (OneWater Marine Inc.)

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