Common use of Indemnification by the Borrowers Clause in Contracts

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of 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 from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such).

Appears in 6 contracts

Samples: Credit Agreement (OUTFRONT Media Inc.), Credit Agreement (OUTFRONT Media Inc.), Credit Agreement (OUTFRONT Media Inc.)

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Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any of the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any of the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent such Borrower or any of its such Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material breach of the obligations Borrowers against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if any Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Unless an Event of Default shall have occurred and be continuing, the Loan Documents, or Borrowers shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of its choice at its expense (y) in which case the Borrowers shall not thereafter be responsible for the fees and expenses of any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought separate counsel retained by an Indemnitee against another except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding the Borrowers’ 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 Borrowers shall bear the reasonable fees, costs and expenses of such separate counsel if (other than disputes involving i) the use of counsel chosen by the Borrowers 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 the Borrowers 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; (iii) the Borrowers 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 Borrowers shall authorize such Indemnitee to employ separate counsel at the Borrowers’ expense. The Borrowers will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims against any Agent in its capacity as such)or actions if the settlement is entered into without the Borrowers’ consent, which consent may not be unreasonably withheld or delayed.

Appears in 5 contracts

Samples: Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative each Agent (and any sub-agent agents thereof), each Lender, each Agent and each L/C IssuerIssuer and Lead Arranger, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the any settlement costs and reasonable and documented out-of-pocket fees, charges and disbursements of any one counsel for any IndemniteeIndemnitee plus one local counsel in each reasonably necessary jurisdiction and in the event of any actual or perceived conflict of interest, one additional counsel for each affected party plus one additional local counsel in each reasonably necessary jurisdiction), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent Agents (and any sub-agent agents thereof) and its their Related Parties only, the administration of this Credit Agreement and the other Loan Credit Documents; , (ii) any Loan Loan, B/A or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Environmental Liability related to the Parent Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Parent Borrower or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of comparative, contributory or sole negligence of the Indemnitee; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) result from any proceeding that does settlement entered into by any Indemnitee without the Parent Borrower’s written consent, which shall not involve an act be unreasonably withheld or omission by delayed, (y) result from disputes between and among Persons otherwise entitled to indemnification and to which Parent Borrower or any Restricted Subsidiary and of its Subsidiaries is not a party (provided that is brought by an Indemnitee against another Indemnitee this clause (other than y) shall not apply to disputes involving claims against the Administrative Agent or any Agent other agent or arranger in its capacity as such)) or (z) result from a claim brought by the Parent Borrower or any other Credit Party against an Indemnitee for a breach in bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document, if the Parent Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 5 contracts

Samples: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)

Indemnification by the Borrowers. The Borrowers Company and each Borrower (jointly and severally) shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons Lender (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including but limited, in the case of legal fees and expenses, to the reasonable and documented out-of-pocket fees, disbursements and other charges and disbursements of any (i) one counsel for any Indemniteethe Lender, and (ii) one local counsel in each relevant jurisdiction), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Company or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, or the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Company, any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Company, any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) result from a claim brought by the Company or any proceeding other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) arise out of a dispute solely between or among Indemnitees that does not involve an act or omission by Parent any Loan Party or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (Loan Party’s Affiliates other than disputes involving claims any action, suit, proceeding or claim against any Agent Indemnitee or any of its Related Parties in its capacity or in fulfilling its role as suchan agent or similar role under hereunder or under any other Loan Document. Without limiting the provisions of Section 3.01(c), this Section 9.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 4 contracts

Samples: Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc)

Indemnification by the Borrowers. The Borrowers shall jointly and severally indemnify the Administrative Agent (and any sub-agent thereof), ) and each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claimsclaims (including, without limitation, any Environmental Claims or civil penalties or fines assessed by OFAC), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; or , (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims or civil penalties or fines assessed by OFAC), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 4 contracts

Samples: Assignment and Assumption (Family Dollar Stores Inc), Day Credit Agreement (Family Dollar Stores Inc), Day Credit Agreement (Family Dollar Stores Inc)

Indemnification by the Borrowers. The Borrowers shall jointly and severally indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements Attorney Costs of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Credit Agreement and the other Loan Documents; Credit Documents (including in respect of any matters addressed in Section 3.10), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; or , (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers either Borrower or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party theretothereto or (v) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including Attorney Costs) incurred in connection with defense thereof, by the Administrative Agent or any Lender as a result of the default hereunder by the Credit Party or any Subsidiary which default violates a sanction enforced by OFAC; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material breach of the obligations Borrowers or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the Loan Documentsany other Credit Document, if either Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such other Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 4 contracts

Samples: Credit Agreement (Speedway Motorsports Inc), Credit Agreement (Speedway Motorsports Inc), Credit Agreement (New Hampshire Motor Speedway, Inc.)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any one firm of counsel for any Indemniteeall Indemnitees, taken as a whole, and, in the event of a conflict of interest, one additional firm of counsel to all persons affected thereby, taken as a whole, and of special and local counsel as reasonably required), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or negligence, willful misconduct or breach in bad faith of its obligations hereunder or under any other Loan Document of such Indemnitee or (By) result from a claim of any material breach Indemnitee solely against one or more other Indemnitees (and not by one or more Indemnitees against the Administrative Agent, Collateral Agent or Arrangers in such capacity) that have not resulted from the action, inaction, participation or contribution of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent Company or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (of its Subsidiaries or any of its or their respective Affiliates, officers, directors, employees, agents, advisors or other representatives. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 4 contracts

Samples: Credit Agreement (Granite Construction Inc), Credit Agreement (Granite Construction Inc), Credit Agreement (Granite Construction Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers Company or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent and the Collateral Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 4 contracts

Samples: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons Lender (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless, each Indemnitee from, and shall pay or reimburse any such Indemnitee for, all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby executed or therebydelivered pursuant hereto or thereto, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Lender 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)Indemnitee.

Appears in 3 contracts

Samples: Credit Agreement (Twin Disc Inc), Credit Agreement (Twin Disc Inc), Credit Agreement (Twin Disc Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each the Co-Collateral Agent, the Joint Lead Arrangers, the Issuing Lender, the Swing Line Lender, each Agent and each L/C IssuerLender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) ), the Co-Collateral Agent and its their respective Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit Credit, or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on, at, on, under or emanating from any property owned, leased or operated by the Parent Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Parent Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Co-Syndication Agents, the Co-Documentation Agents, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses Damages (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any Guarantor other Loan Party than such Indemnitee and its Related Parties) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries or at any off-site location for which any Borrower or any of its Subsidiaries may be liable, or any Environmental Claim related in any way to any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsGuarantor, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) result from a claim brought by any proceeding that does not involve an act or omission by Parent Borrower or any Restricted Subsidiary and that is brought by Guarantor against an Indemnitee against another Indemnitee (for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Guarantor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.12(b) shall not apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses or damages arising from any claim not related to any such Taxes.

Appears in 3 contracts

Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, obligations, penalties, judgments, proceedings, interest, costs and related expenses of any kind (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties Indemnitees only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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) the existence or perfection of any Liens, or realization upon any Collateral, (iv) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation investigation, arbitration or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities liabilities, obligations, penalties, judgments, proceedings, interest, costs or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender (including the Issuing Lender, each Agent and each L/C Issuer), and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented or invoiced (in reasonable detail) out-of-pocket expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under of Environmental Concern on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers a Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or negligence, willful misconduct or violation of law of or by such Indemnitee or (By) result from a claim brought by a Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee's obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (ysuch Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.5(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 3 contracts

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

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers either Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either or both Borrowers or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent either or both Borrowers or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by either or both of the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) any material breach result from a claim brought by either or both of the obligations Borrowers or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee's obligations hereunder or under any other Loan Document, if either or both of the Borrowers or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)

Indemnification by the Borrowers. The Borrowers shall shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Arranger, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called of the foregoing Persons, an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers BVI Borrower or any other Loan Party Party) arising out of, in connection with, or as a result of of: (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, or any hedging arrangement related thereto, the performance by the parties hereto Loan Parties of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Subsidiaries; Subsidiaries or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers BVI Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 expenses: (xA) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence negligence, bad faith or willful misconduct of such Indemnitee or (B) result from a claim brought by the BVI Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the BVI Borrower or such Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. To the extent that any undertaking in this clause may be unenforceable because it is violative of any Applicable Law or public policy, or (ythe BVI Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under Applicable Law to the payment and satisfaction of such undertaking. This Section 12.03(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 3 contracts

Samples: Credit Agreement (AquaVenture Holdings LTD), Credit Agreement (AquaVenture Holdings LTD), Credit Agreement (AquaVenture Holdings LTD)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any a single counsel for any Indemniteeall Indemnitees in each applicable jurisdiction), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any Borrowers), other Loan Party than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (xw) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the fraud, gross negligence or willful misconduct of such an Indemnitee, (x) result from a claim brought by any Borrower or any Subsidiary thereof against an Indemnitee or (B) any material for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or such Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (y) result from any proceeding that does not involve an act settlement by any Indemnitee of any claim or omission by Parent or any Restricted Subsidiary and threatened claim that is brought by an Indemnitee against another Indemnitee otherwise subject to indemnification under this Section unless the Borrowers have consented in writing to such settlement, which consent shall not be unreasonably withheld, delayed or conditioned or (z) are on account of Taxes (other than disputes involving claims against any Agent in its capacity as suchTaxes that represent losses, claims, damages, etc., arising from any non-Tax claim).

Appears in 3 contracts

Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Each Borrower shall, and does hereby indemnify, each Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C IssuerIssuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the any Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Credit Documents; , (ii) any Loan Advance or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer an Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Credit Document, if the Loan Documents, Company or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such other Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any one counsel for all Indemnitees), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased Property owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Documents, Party have obtained a final and nonappealable judgment in its or (ytheir favor on such claim as determined by a court of competent jurisdiction. This Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Power Corp), Credit Agreement (Atlantic Power Corp), Credit Agreement (Atlantic Power Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, settlement costs and related expenses (including including, without limitation, the reasonable and documented out-of-pocket fees, disbursements and other charges and disbursements of any counsel, limited to one counsel for any Indemniteethe Indemnitees taken as a whole, one local counsel in each applicable jurisdiction, one specialty counsel in each applicable specialty and, solely in the case of an actual conflict of interest, one additional counsel in each relevant jurisdiction for each group of similarly situated affected Indemnitees, taken as a whole), incurred by any Indemnitee or asserted or awarded against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of, or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent any Loan Party or any of its Restricted Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Restricted Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, provided that such indemnity the indemnification provided for in this Section 10.04(b) shall not, as to any Indemnitee, be available not apply to the extent that such claim, damage, loss, liability or expense (x) is found in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence, bad faith or willful misconduct, (y) is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from a material breach in bad faith of such Indemnitee’s obligations under this Agreement or (z) arises out of disputes solely between and among Indemnitees (other than any dispute involving an Indemnitee acting in its capacity or fulfilling its role as Administrative Agent, Arranger, agent or similar role) that do not arise out of or in connection with any act or omission of a Loan Party or any of their Affiliates. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted etc. arising from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)non-Tax claim.

Appears in 3 contracts

Samples: Pledge Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Credit Agreement

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party), other than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Credit Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Credit Party or any Subsidiary thereof against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or (ysuch Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 12.5(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, liabilities and related expenses arising from any non-Tax claim.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Term Lender and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), Indemnitee incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Term Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its Subsidiariesother Credit Party, or any Environmental Liability related in any way to Parent the Borrowers or any of its Subsidiaries; other Credit Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence negligence, bad faith or willful misconduct of such Indemnitee Indemnitee, if the Borrowers or (Bsuch other Credit Parties has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 9.04(b) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such).Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C C-BA Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Loan, Letter of Credit or Bankers’ Acceptance or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C C-BA Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Restricted Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Restricted Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (World Fuel Services Corp), Fourth Amended and Restated Credit Agreement (World Fuel Services Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Credit Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent any Credit Party or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Credit Party or any of the Borrowers’ Borrower’s or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the Loan Documentsany other Credit Document, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Stonemor Partners Lp), Credit Agreement (Stonemor Partners Lp)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent Agents (and any sub-agent thereof), each LenderCo-Lead Arranger, each Agent syndication agent, each documentation agent, each Bank and each L/C Issuerthe Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party Affiliate of a Borrower hereunder arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative each Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in §6), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under Substances on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsguarantor hereunder, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrowers hereunder against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrowers has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. The provisions of this §18.1 shall not apply to any litigation, proceeding or dispute solely between the Borrowers or any of their Consolidated Subsidiaries on the one hand and the Agents, the Issuing Bank or the Banks on the other hand, if the final non-appealable judgment in such litigation, proceeding or dispute is in favor of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent Borrowers or any Restricted Subsidiary of their Consolidated Subsidiaries and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)such Indemnitee.

Appears in 2 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Indemnification by the Borrowers. The Borrowers in each Fund Group (with respect to such Fund Group) shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any a single counsel for any Indemniteeall Indemnitees in each applicable jurisdiction) (collectively, “Losses”), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party) other than Losses asserted by such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party in such Fund Group or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party in such Fund Group or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Credit Party in such Fund Group or any other Loan Party or Subsidiary thereof, with respect to any member of the Borrowers’ or such Loan PartyBorrower’s directors, shareholders or creditorsFund Group, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby in each case relating to such Fund Group, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses Losses (xw) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the fraud, bad faith, gross negligence or willful misconduct of such an Indemnitee, (x) result from a claim brought by any Credit Party or any Subsidiary thereof against an Indemnitee or (B) any material for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or such Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (y) result from any proceeding that does not involve an act settlement by any Indemnitee of any claim or omission by Parent or any Restricted Subsidiary and threatened claim that is brought by an Indemnitee against another Indemnitee otherwise subject to indemnification under this Section unless the Borrowers in such Fund Group have consented in writing to such settlement, which consent shall not be unreasonably withheld, delayed or conditioned or (z) are on account of Taxes (other than disputes involving claims against any Agent in its capacity Taxes that represent Losses, arising from any non-Tax claim) which shall be solely covered by Section 4.1 and 4.4(a), as such)applicable.

Appears in 2 contracts

Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)

Indemnification by the Borrowers. The Borrowers jointly and severally shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent the Arrangers and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall and hereby do indemnify the Joint Lead Arrangers, the Administrative Agent (and any sub-agent thereof), each Lender, each Agent the Swing Line Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall and hereby do indemnify and hold harmless each Indemnitee from all out-of-pocket fees and time charges and disbursements for attorneys of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or therebythereby (including the Indemnitee’s reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record), the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent either Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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 OR THE STRICT LIABILITY OF THE INDEMNITEE; provided, provided that such indemnity shall not, as to any Indemnitee, be available (x) 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 (A) the bad faith, gross negligence or willful misconduct of such Indemnitee or (By) to the extent such losses, claims, damages, liabilities or related expenses relate to any material breach proceeding solely between or among Indemnitees other than (i) claims against either the Administrative Agent or any Joint Lead Arranger or their respective Affiliates in their capacity or in fulfilling their role as the agent or arranger or any other similar role hereunder and under the other Loan Documents and (ii) claims arising out of any act or omission on the obligations part of any Loan Party or any of Loan Party’s Affiliates, and provided further that such Indemnitee under shall promptly repay the Loan Documents, or Borrowers all expense reimbursements previously made pursuant to this clause (y) any proceeding to the extent that does such Indemnitee is determined not involve an act or omission to be entitled to indemnification hereunder as contemplated by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (the preceding exceptions. Without limiting the provisions of Section 3.01(c), this Section 11.04(b) shall not apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP)

Indemnification by the Borrowers. The Borrowers shall indemnify the Each Borrower shall, and does hereby indemnify, each Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C IssuerIssuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the either Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Credit Documents; , (ii) any Loan Advance or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer an Issuing Lender 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 actual or alleged presence or Release of Hazardous Materials at, on, under Substance on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) any proceeding that does not involve an act or omission result from a claim brought by Parent the Company or any Restricted Subsidiary and that is brought by other Credit Party against an Indemnitee against another Indemnitee (for breach in bad faith of such Indemnitee’s obligations hereunder or under any other than disputes involving claims against any Agent Credit Document, if the Company or such other Credit Party has obtained a final and nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall indemnify the Arrangers, the Administrative Agent (and any sub-agent thereof), each LenderAgent, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons and their respective successors and assigns (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all lossesactual losses (other than lost profit), claims, damages, liabilities liabilities, costs and related expenses (including the reasonable and documented out-of-pocket expenses (including the reasonable fees, charges and disbursements of any one primary counsel, one local counsel in each relevant jurisdiction, one specialty counsel for any Indemniteeeach relevant specialty and one or more additional counsel if one or more conflicts of interest arise), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of (A) the engagement papers related to financing the Transactions, (B) this Agreement, (C) any other Loan Document or (D) any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in thereby and the case contemplated use of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlyproceeds of Credit Extensions hereunder, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its SubsidiariesRestricted Subsidiary, or any Environmental Liability related in any way to Parent the Borrowers or any of its Subsidiaries; Restricted Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party theretothereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated, 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, 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) result from disputes that do not involve an act or omission by Holdings, the Borrowers or any of their Affiliates and that is between and among Indemnitees (other than in any Indemnitee’s capacity as an Arranger or an Agent or any other similar role with respect to the Facilities), or (y) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (AI) the gross negligence negligence, bad faith or willful misconduct of such Indemnitee (or any of its Subsidiaries or other Affiliates or their respective officers, directors, employees, agents, members or controlling persons) or (BII) any a material breach of the obligations of any Loan Document by such Indemnitee under the Loan Documents, or (yperson. This Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Assignment and Assumption (Project Angel Parent, LLC), Credit Agreement (Project Angel Parent, LLC)

Indemnification by the Borrowers. The Borrowers shall indemnify Subject to and without duplication of the foregoing subsection (a), each Borrower hereby, jointly and severally, indemnifies the Administrative Agent (and any sub-agent thereof), each Lenderthe Arranger, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold holds each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket invoiced fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party ) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit the Loans or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental 122 Liability related in any way to Parent any Loan Party or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or negligence, willful misconduct or breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction; and provided, further that any indemnity with respect to Taxes shall be governed solely by Section 3.01. Notwithstanding the foregoing, the Borrowers shall not be liable for any losses, claims, damages, liabilities or related expenses incurred by or asserted against an Indemnitee or (B) any material breach as a direct result of the obligations of settlement by such Indemnitee under of any such loss, claim, damage, liability or expense that would otherwise be indemnified hereunder, except for settlements entered into with the Loan Documents, Borrowers’ consent (which may not be unreasonably withheld or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as suchdelayed).

Appears in 2 contracts

Samples: Credit Agreement (Starwood Property Trust, Inc.), Credit Agreement (Starwood Property Trust, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Affected Party and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Credit Party or Managing Entity), other than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) to the extent relating to the foregoing, any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or Managing Entity or any Subsidiary of its Subsidiariesany Credit Party, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Credit Party or Managing Entity or any other Loan Party or Subsidiary of any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (A) the fraud, gross negligence negligence, bad faith or willful misconduct of such Indemnitee or (By) any material result from a breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, or (yas determined by a court of competent jurisdiction in a final non-appealable judgment. This Section 12.5(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Crescent Capital BDC, Inc.), Revolving Credit Agreement (Crescent Capital BDC, Inc.)

Indemnification by the Borrowers. The Borrowers Each Domestic Borrower (on a joint and several basis for itself and all other Loan Parties) and the Foreign Borrower (solely as to itself) shall indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Arranger, each Agent Lender and each L/C Issuerthe Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and invoiced out-of-pocket related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of a single firm of counsel and, in the case of any actual or reasonably perceived conflict of interest where the applicable Indemnitee informs the Parent of such conflict and thereafter retains its own counsel, of one additional primary counsel for any to each group of similarly affected group of Indemnitees Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance or nonperformance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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) breach of representations, warranties or covenants of any actual or alleged presence or Release of Hazardous Materials atLoan Party under the Loan Documents, on, under or emanating from any property owned, leased or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, including any such items or losses relating to or arising under Environmental Laws or pertaining to environmental matters, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 11.3.2[Indemnification by the Loan Documents, or (y) any proceeding that does Borrowers] shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Each of the Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each LenderJoint Lead Arranger, each Agent and each L/C IssuerLender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of one counsel and, to the extent reasonably necessary, special and one local counsel in each jurisdiction for the Indemnitees (and in the event of any actual or potential conflict of interest, one additional counsel for any Indemniteethe Administrative Agent and/or each Lender subject to such conflict), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent a Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent a Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsBorrower, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)Indemnitee.

Appears in 2 contracts

Samples: Credit Agreement (Connecticut Light & Power Co), Credit Agreement (Public Service Co of New Hampshire)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C C-BA Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Loan, Letter of Credit or Bankers’ Acceptance or the use or proposed use of the proceeds therefrom (including any refusal by any L/C C-BA Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Restricted Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Restricted Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such other Loan Documents, or (yParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, liabilities or related expenses arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (World Fuel Services Corp), Credit Agreement (World Fuel Services Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent Agents (and any sub-agent thereof), the Syndication Agent, the Arrangers, each Lender, each Agent and each L/C Issuer, Issuer and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased currently or formerly owned or operated by Parent any Borrower or any of its Restricted Subsidiaries, or any other Environmental Claim or Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; Restricted Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any Loan Party against an Indemnitee for a material breach of the such Indemnitee’s obligations of hereunder or under any other Loan Document, if such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent non-appealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Element Solutions Inc), Credit Agreement (Element Solutions Inc)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Syndication Agent, the Documentation Agent, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses Damages (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any Guarantor other Loan Party than such Indemnitee and its Related Parties) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsGuarantor, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach as determined by a court of the obligations of such Indemnitee under the Loan Documentscompetent jurisdiction by final and nonappealable judgment, or (y) result from a claim brought by any proceeding that does not involve an act or omission by Parent Borrower or any Restricted Subsidiary and that is brought by Guarantor against an Indemnitee against another Indemnitee (for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Guarantor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.12(b) shall not apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses or damages arising from any claim not related to any such Taxes.

Appears in 2 contracts

Samples: Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek Logistics Partners, LP)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Lead Arrangers, each Agent Lender and each L/C Issuerthe Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless fromfrom (and shall reimburse each Indemnitee as the same are incurred), any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, disbursements and other charges of (A) one primary counsel for the Indemnitees (taken as a whole), (B) if reasonably requested by the Administrative Agent, one local counsel in each relevant jurisdiction, (C) one reasonably necessary special or regulatory counsel in each reasonably necessary specialty and disbursements (D) in the case of any actual or perceived conflict of interest with respect to any of the counsel identified in clauses (A) through (C) above, one additional counsel to each group of affected Persons similarly situated, taken as a whole (which in the case of clause (C) shall allow for any Indemniteeup to one additional counsel in each relevant specialty)), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party, or any affiliate of any such party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any affiliate of the Borrowers’ or any such Loan Party’s directors, shareholders or creditorsparty, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (ysuch Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 12.3(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Security Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.)

Indemnification by the Borrowers. The Borrowers shall jointly and severally indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent ) and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers Company or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers a Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by a Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if a Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Holding Corp), Credit Agreement (Smith & Wesson Holding Corp)

Indemnification by the Borrowers. The Borrowers shall hereby indemnify the Administrative Agent (and any sub-agent thereof), each Lenderthe Arranger, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by a Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such other Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such).determined by a court of competent jurisdiction

Appears in 2 contracts

Samples: Credit Agreement (Colony Financial, Inc.), Credit Agreement (Colony Financial, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Company or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Company or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 11.4(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Career Education Corp), Credit Agreement (Career Education Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent ) and each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party a Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, or in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent AFG or any of its Subsidiaries, or any Environmental Liability related in any way to Parent AFG or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsa Borrower, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) any material result from a claim brought by a Borrower against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary if such Borrower has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (American Financial Group Inc), Credit Agreement (Great American Financial Resources Inc)

Indemnification by the Borrowers. The Borrowers shall Each Borrower will indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities liabilities, costs and related expenses (including the reasonable and documented out-of-pocket fees, charges charges, settlement costs and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party or any of their respective Affiliates arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument document contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereofagent) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual Environmental Claim or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its SubsidiariesLiability; or (iv) any actual or prospective claim, litigationinvestigation, investigation litigation or other proceeding (including any administrative proceeding or any arbitration or other alternative dispute resolution proceeding) relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorstheir respective Affiliates, and regardless of whether any Indemnitee 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, provided that such indemnity shall will 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 (A) the gross negligence negligence, bad faith or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)Indemnitee.

Appears in 2 contracts

Samples: Credit Agreement (Ch2m Hill Companies LTD), Ch2m Constructors (Ch2m Hill Companies LTD)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket actual fees, charges and disbursements of any counsel for any Indemnitee excluding the fees, time charges and disbursements for attorneys who may be employees of any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased Property owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. The obligations of the obligations Borrowers under this clause (b) shall survive the payment in full of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Obligations and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Verisk Analytics, Inc.), Credit Agreement (Verisk Analytics, Inc.)

Indemnification by the Borrowers. The Borrowers shall shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary if such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (expenses, including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party Obligor arising out of, in connection with, or as a result of (ia) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance or non-performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation or non-consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (iib) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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); , (iiic) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent or any of its SubsidiariesObligor, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; Obligor, or (ivd) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, an Obligor and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non- appealable judgment to have resulted from (A) the gross negligence or willful wilful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Obligor against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Obligor has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favour on such claim as suchdetermined by a court of competent jurisdiction, nor shall it be available in respect of matters specifically addressed in Sections 4.10, 4.11 and 15.8(1).. (3)

Appears in 2 contracts

Samples: Credit Agreement (Lithia Motors Inc), Credit Agreement (Lithia Motors Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel Attorney Costs for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by either of the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either of the Borrowers or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent either of the Borrowers or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by either of the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) any material breach result from a claim brought by either of the obligations Borrowers or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if either of the Borrowers or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Armstrong World Industries Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims or civil penalties or fines assessed by OFAC), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party of their Subsidiaries arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability Claim related in any way to Parent the Borrowers or any of its their Subsidiaries; or , (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorstheir Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims or civil penalties or fines assessed by OFAC), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material of their Subsidiaries against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary if such Borrower has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Tekelec), Credit Agreement (Tekelec)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased propertyProperty owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party have obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity or their favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers Company or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Chicago Bridge & Iron Co N V), Assignment and Assumption (Chicago Bridge & Iron Co N V)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent sub‑agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-sub agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers Each Loan Party shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, other Secured Party and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold harmless each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee and any settlement costs for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, thereby or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 4.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C the Letter of Credit Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Subsidiaries; , (iv) any claims of, or amounts paid by any Secured Party to, a Controlled Account Bank or other Person which has entered into a control agreement with any Secured Party hereunder or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of 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 from (Ax) the gross negligence or willful misconduct of such Indemnitee or (By) any material a breach of the funding obligations of such Indemnitee under the Loan Documents, or (ythis Agreement. This Section 11.04(b) shall not apply to any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (Taxes other than disputes involving claims against Taxes that represent losses, claims, damages, etc. arising from any Agent in its capacity as such)non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers either Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either or both Borrowers or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent either or both Borrowers or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by either or both of the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by either or both of the Borrowers or any other Loan Party against an Indemnitee for a material breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if either or both of the obligations Borrowers or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of such Indemnitee under the Loan Documents, or (ycompetent jurisdiction. This Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Core Laboratories N V), Assignment and Assumption (Core Laboratories N V)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent Bank (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any a single counsel for any Indemniteeall Indemnitees in each applicable jurisdiction), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party), other than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Credit Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Bank or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (xw) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the fraud, gross negligence or willful misconduct of such an Indemnitee, (x) result from a claim brought by any Credit Party or any Subsidiary thereof against an Indemnitee or (B) any material for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or such Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (y) result from any proceeding that does not involve an act settlement by any Indemnitee of any claim or omission by Parent or any Restricted Subsidiary and threatened claim that is brought by an Indemnitee against another Indemnitee otherwise subject to indemnification under this Section unless the Borrowers have consented in writing to such settlement, which consent shall not be unreasonably withheld, delayed or conditioned or (z) are on account of Taxes (other than disputes involving claims against any Agent in its capacity Taxes that represent losses, claims, damages, etc., arising from any non-Tax claim) which shall be solely covered by Section 4.1 and 4.4(a), as such)applicable.

Appears in 2 contracts

Samples: Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC), Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC)

Indemnification by the Borrowers. The Borrowers shall Each Borrower, jointly and severally, agrees to indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C IssuerIssuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “IndemniteeIndemnified Party”) against, and hold each Indemnitee Indemnified Party harmless from, any and all losses, claims, damagesdamages (including any special, indirect, consequential or punitive damages claimed or asserted (x) in breach of Section 8.04(d), or (y) by a Person not a party to this Agreement), liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any IndemniteeIndemnified Party), incurred by any Indemnitee Indemnified Party or asserted against any Indemnitee Indemnified Party by any third party or by the Borrowers or any Person other Loan than such Indemnified Party arising and its Related Parties which arise out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan Revolving Credit Advance or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased currently or formerly owned or operated by Parent any Borrower or any Subsidiary of its Subsidiariesa Borrower, any Environmental Action, or any liability relating to any Environmental Liability related Law, Environmental Permit or Hazardous Material that relates in any way to Parent any Borrower or any Subsidiary of its Subsidiaries; a Borrower, or (iv) any actual or prospective claim, litigation, investigation or proceeding (any of the foregoing, a “Proceeding”) relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee Indemnified Party is a party thereto; provided, provided that such indemnity shall not, as to any IndemniteeIndemnified Party, 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 in a final, nonappealable judgment to have resulted from (A) the gross negligence negligence, bad faith or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnified Party, or (y) arising out of, or in connection with, any proceeding that does not involve an act or omission by Parent any Borrower, any Loan Party or any Restricted Subsidiary of their respective Affiliates and that is brought by an Indemnitee Indemnified Party against another Indemnitee Indemnified Party (other than disputes involving claims claims, litigation, investigations or proceedings brought against any Agent Credit Suisse in its capacity as suchAdministrative Agent or Issuing Bank, against any other Issuing Bank in its capacity as Issuing Bank, or against any of the financial institutions listed in the recitals to this Agreement in their respective capacities as bookrunners, syndication agents, arrangers, documentation agents or any other similar roles or capacities in respect of the Facility). The Borrowers shall not be liable for any settlement of any Proceeding effected without Rayonier's consent (which consent shall not be unreasonably withheld or delayed), but if such Proceeding is settled with Rayonier's written consent, or if there is a judgment against an Indemnified Party in any such Proceeding, then the Borrowers shall, jointly and severally, indemnify and hold harmless each Indemnified Party in the manner set forth above. Notwithstanding the immediately preceding sentence, if at any time an Indemnified Party shall have requested, in accordance with the foregoing, that the Borrowers reimburse such Indemnified Party for legal or other expenses in connection with investigating, responding to or defending any Proceeding for which reimbursement is required pursuant to the terms of this provision, the Borrowers shall be liable for any settlement of any Proceeding effected without their written consent if (x) such settlement is entered into more than 30 days after receipt by Rayonier of such request for reimbursement, and (x) the Borrowers shall not have reimbursed such Indemnified Party in accordance with such request for legal or other expenses required to be reimbursed pursuant to the terms of this provision prior to the date of such settlement.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C the Letter of Credit Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any Borrowers), other Loan Party than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C the Letter of Credit Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Borrower or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any Subsidiary thereof against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (ysuch Subsidiary has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 12.5(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damage, liabilities and related expenses arising from any non-Tax claim.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Owl Rock Capital Corp III), Revolving Credit Agreement (Owl Rock Technology Finance Corp.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee (including reasonable allocated costs of internal counsel)), and shall indemnify and hold harmless each Indemnitee from all reasonable fees and time charges and disbursements for attorneys who may be employees of any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such Loan DocumentsParty has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages or other similar amounts arising from non-Tax claims.

Appears in 2 contracts

Samples: Credit Agreement (Wiley John & Sons, Inc.), Credit Agreement (Wiley John & Sons, Inc.)

Indemnification by the Borrowers. The Each of the Borrowers jointly and severally agrees that it shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent the Issuing Lender and each L/C Issuer, the Swingline Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims or civil penalties or fines assessed by OFAC), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers a Borrower or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Credit Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims or civil penalties or fines assessed by the U.S. Department of the Treasury’s Office of Foreign Assets Control), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (xA) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) result from a claim brought by any material Credit Party or any Subsidiary thereof against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or (y) any proceeding that does not involve an act or omission by Parent or any Restricted such Subsidiary has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Alon Brands, Inc.), Credit Agreement (Alon USA Energy, Inc.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers either Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either Borrower or any of its Material Subsidiaries, or any Environmental Liability related in any way to Parent either Borrower or any of its Material Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers either Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by either Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such other Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers Borrowers, jointly and severally, shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Company or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Company or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers shall shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoingforegoing (including, without limitation, any Environmental Action), whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (TBS International PLC), Credit Agreement (TBS International PLC)

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Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by either of the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent either of the Borrowers or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent either of the Borrowers or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by either of the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) any material breach result from a claim brought by either of the obligations Borrowers or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if either of the Borrowers or such other Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(e), or (ythis Section 11.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Armstrong Flooring, Inc.), Credit Agreement (Armstrong World Industries Inc)

Indemnification by the Borrowers. The Each of the Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C the LC Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by either of the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit Facility LC or the use or proposed use of the proceeds therefrom (including any refusal by any L/C the LC Issuer to honor a demand for payment under a Letter of Credit Facility LC if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of CreditFacility LC); , (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under hazardous materials on or emanating from any property owned, leased owned or operated by Parent either of the Borrowers or any of its their respective Subsidiaries, or any Environmental Liability environmental liability related in any way to Parent either of the Borrowers or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by either of the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) any material breach result from a claim brought by either of the obligations Borrowers or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee Indemnitee's obligations hereunder or under any other Loan Document, if either of the Loan Documents, Borrowers or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such other Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)

Indemnification by the Borrowers. The Borrowers shall shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), the Collateral Agent (and any sub-agent thereof) each Lender, each Agent Lender and each L/C Issuerthe Issuing Bank, and each Related Party of any of the foregoing Persons persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any party hereto or any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document Document, or any amendment, amendment and restatement, modification or waiver of the provisions hereof or thereof, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release or threatened Release of Hazardous Materials on, at, on, under or emanating from any property owned, leased or operated by Parent or any of its SubsidiariesCompany at any time, or any Environmental Liability Claim related in any way to Parent or any of its Subsidiaries; Company, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) result from a claim brought by any proceeding that does not involve an act or omission by Parent Borrower or any Restricted Subsidiary and that is brought by other Loan Party against an Indemnitee against another Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) result from any dispute solely among Indemnitees other than disputes involving claims against any Agent an Indemnitee in its capacity as such)Arranger or Agent hereunder or fulfilling its role as the Administrative Agent, the Collateral Agent or the Arranger, as the case may be, and other than claims arising out of any act or omission on the part of the Borrowers, any Loan Party or their respective Affiliates.

Appears in 2 contracts

Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)

Indemnification by the Borrowers. The Borrowers in each Fund Group (with respect to such Fund Group) shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any a single counsel for any Indemniteeall Indemnitees in each applicable jurisdiction) (collectively, “Losses”), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party) other than Losses asserted by such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Credit Facility), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party in such Fund Group or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party in such Fund Group or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Credit Party in such Fund Group or any other Loan Party or Subsidiary thereof, with respect to any member of the Borrowers’ or such Loan PartyXxxxxxxx’s directors, shareholders or creditorsFund Group, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Credit Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby in each case relating to such Fund Group, including without 119 limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses Losses (xw) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the fraud, bad faith, gross negligence or willful misconduct of such an Indemnitee, (x) result from a claim brought by any Credit Party or any Subsidiary thereof against an Indemnitee or (B) any material for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or such Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (y) result from any proceeding that does not involve an act settlement by any Indemnitee of any claim or omission by Parent or any Restricted Subsidiary and threatened claim that is brought by an Indemnitee against another Indemnitee otherwise subject to indemnification under this Section unless the Borrowers in such Fund Group have consented in writing to such settlement, which consent shall not be unreasonably withheld, delayed or conditioned or (z) are on account of Taxes (other than disputes involving claims against any Agent in its capacity Taxes that represent Losses, arising from any non-Tax claim) which shall be solely covered by Section 4.1 and 4.4(a), as such)applicable.

Appears in 2 contracts

Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including including, the reasonable and documented out-of-pocket fees, charges and disbursements of any one primary legal counsel to the Agent, the Arrangers and their Affiliates and the Lenders and, if required, one local counsel in each relevant jurisdiction (and, in the case of an actual or perceived conflict of interest where the Indemnitee informs the Company of such conflict and retains its own counsel, of one additional counsel for any 106 each such affected Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 result from the gross negligence, bad faith or willful misconduct of such Indemnitee, (y) result from a claim brought by any Borrower against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (Bz) result from any material breach dispute solely among the Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as the Agent, L/C Issuer, Arranger or any similar role under this Agreement or any other Loan Document and other than any claims arising out of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent of Holdings or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (of its Subsidiaries. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Alexander & Baldwin, Inc.), Credit Agreement (Alexander & Baldwin, Inc.)

Indemnification by the Borrowers. The Borrowers shall shall, on a joint and several basis, indemnify the Administrative Agent (and any sub-agent thereof), each the Swingline Lender, each Agent and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, penalties, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any of the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebytransactions, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any liability under Environmental Liability Law related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsBorrower, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or Indemnitee. This Section (Bb) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Diversified Restaurant Holdings, Inc.), Credit Agreement (Diversified Restaurant Holdings, Inc.)

Indemnification by the Borrowers. The Borrowers Each Borrower shall jointly and severally indemnify the each Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers a Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan Loan, Acceptance or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent a Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent a Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers a Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by a Borrower or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if a Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Corinthian Colleges Inc), Credit Agreement (Corinthian Colleges Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Credit Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent any Credit Party or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Credit Party or any of the Borrowers’ such Borrower’s or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Credit Document, if such Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 11.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Stonemor Partners Lp), Credit Agreement (Stonemor Partners Lp)

Indemnification by the Borrowers. The Borrowers Each Borrower and each other Credit Party, jointly and severally (subject to the limitations of Section 11.22), shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), penalties, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including either Borrower or any other Loan Party Credit Party), other than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Transactions), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Credit Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 (Ai) the such Indemnitee’s gross negligence or willful misconduct of misconduct, (ii) the material breach in bad faith by such Indemnitee of its express obligations under the Loan Documents pursuant to a claim initiated by the Borrowers or (Biii) any material breach dispute solely among Indemnitees (not arising as a result of any act or omission by either Borrower or any of its Subsidiaries or Affiliates) other than claims against Xxxxx Fargo in its capacity as Administrative Agent or the obligations of Arrangers in their capacities as such Indemnitee under the Loan Documents, or (y. This Section 11.3(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Indemnified Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Ubiquiti Networks, Inc.), Credit Agreement (Ubiquiti Networks, Inc.)

Indemnification by the Borrowers. The Borrowers Each Loan Party shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuerother Secured Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold harmless each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, thereby or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C the Letter of Credit Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Subsidiaries; , (iv) any claims of, or amounts paid by any Secured Party to, a Controlled Account Bank or other Person which has entered into a control agreement with any Secured Party hereunder or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (BIndemnitee. This Section 11.04(b) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as suchTaxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c).

Appears in 2 contracts

Samples: Credit Agreement (Lifecore Biomedical, Inc. \De\), Credit Agreement (Lifecore Biomedical, Inc. \De\)

Indemnification by the Borrowers. The Borrowers Each Borrower shall jointly and severally indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall jointly and severally indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by 113 any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of the Commitment Letter (including the Summary of Terms), this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or any other aspect of any transaction contemplated by the Commitment Letter (including the Summary of Terms) or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the any use made (or proposed to be made, including any use proposed in the Commitment Letter or Summary of the Terms to be made) of proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder, under any other Loan Document or under the Commitment Letter (including the Summary of Terms), if the Company or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 2 contracts

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

Indemnification by the Borrowers. The Borrowers jointly and severally shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any external counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided, provided that such indemnity shall not, as to any Indemnitee, be available (x) 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) for any loss asserted against such Indemnitee by another Indemnitee (excluding (1) any material breach of the obligations of claims against any Joint Lead Arranger in such Indemnitee capacity or in fulfilling its role as an arranger or any similar role under the Loan Documents, or Documents and (y2) any proceeding that does not involve an claims arising out of any act or omission by Parent on the part of Anixter or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in of its capacity as suchSubsidiaries).

Appears in 2 contracts

Samples: And Incremental Facility Agreement (Anixter International Inc), Year Revolving Credit Agreement (Anixter International Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each LenderArranger, each Agent Lender and each L/C IssuerIssuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), penalties, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party), arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Transactions), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Credit Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorsSubsidiary thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (xA) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) result from a claim brought by any material Credit Party or any Subsidiary thereof against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Credit Party or (ysuch Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 12.3(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 2 contracts

Samples: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C C-BA Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or 127 instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Loan, Letter of Credit or Bankers’ Acceptance or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C C-BA Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Restricted Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Restricted Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

Indemnification by the Borrowers. The Borrowers shall shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), the Collateral Agent (and any sub-agent thereof) each Lender, each Agent Lender and each L/C Issuerthe Issuing Bank, and each Related Party of any of the foregoing Persons persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any party hereto or any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document Document, or any amendment, amendment and restatement, modification or waiver of the provisions hereof or thereof, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release or threatened Release of Hazardous Materials on, at, on, under or emanating from any property owned, leased or operated by Parent or any of its SubsidiariesCompany at any time, or any Environmental Liability Claim related in any way to Parent or any of its Subsidiaries; Company, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) result from a claim brought by any proceeding that does not involve an act or omission by Parent Borrower or any Restricted Subsidiary and that is brought by other Loan Party against an Indemnitee against another Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) result from any dispute solely among Indemnitees other than disputes involving claims against any Agent an Indemnitee in its capacity as such)Arranger or Agent hereunder or fulfilling its role as the Administrative Agent, the Collateral Agent or an Arranger, as the case may be, and other than claims arising out of any act or omission on the part of the Borrowers, any Loan Party or their respective Affiliates.

Appears in 1 contract

Samples: Revolving Syndicated Facility Agreement (Tronox LTD)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any subhold harmless each Agent-agent thereof)Related Person, each LenderLender and their respective Affiliates, each Agent directors, officers, employees, counsel, agents, trustees, advisors and each L/C Issuer, and each Related Party of any of attorneys-in-fact (collectively the foregoing Persons (each such Person being called an IndemniteeIndemnitees”) against, from and hold each Indemnitee harmless from, against any and all liabilities, obligations, losses, damages, penalties, claims, damageslitigation, liabilities investigation, proceeding, demands, actions, judgments, suits, costs, expenses and related expenses disbursements (including the reasonable and documented out-of-pocket fees, charges and disbursements Attorney Costs) of any counsel for kind or nature whatsoever (subject to the provisions of Section 3.01 with respect to Taxes and Other Taxes) that may at any Indemnitee)time be imposed on, incurred by any Indemnitee or asserted against any such Indemnitee (whether by any third party or by the Borrowers a Credit Party or any other Loan Party party) in any way relating to or arising out of, of or in connection with, or as a result of with (ia) the execution execution, delivery, enforcement, performance or delivery administration of this Agreement, any other Loan Credit Document or any agreement other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder thereby or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Credit Documents; , (iib) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom therefrom, (including c) performance of any refusal labor or services or the furnishing of any materials or other property in respect of any Real Property Asset or any part thereof, (d) violation by any L/C Issuer Person of any Healthcare Laws, (e) the Facility Operating Leases, (f) the failure of any Person to honor a demand file timely with the Internal Revenue Service an accurate Form 1000-X, Xxxxxxxxx for payment under a Letter Recipients of Credit if the documents presented Proceeds from Real Estate, Broker and Barter Exchange Transactions, which may be required in connection with such demand do not strictly comply this Agreement, or to supply a copy thereof in a timely fashion to the recipient of the proceeds of the transaction in connection with the terms of such Letter of Credit); which this Agreement is made, or (iiig) any actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective threatened claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theorytheory (including any investigation of, whether brought by a third party preparation for, or by the Borrowers defense of any pending or any other Loan Party threatened claim, investigation, litigation or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, proceeding) and regardless of whether any Indemnitee is a party theretothereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided, that such indemnity indemnification shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, damageslitigation, liabilities investigation, proceeding, demands, actions, judgments, suits, costs, expenses or related expenses disbursements (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such any Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) result from a claim brought by any proceeding that does not involve Credit Party against an act Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or omission under any other CREDIT AGREEMENT DAL:0535130/00080:1910701v7 Credit Document, if such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by Parent a court of competent jurisdiction. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Credit Agreement, and no Indemnitee shall have any liability for any indirect or consequential damages relating to this Credit Agreement or any Restricted Subsidiary other Credit Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date). All amounts that may become due under this Section 10.05 shall be payable within twenty (20) Business Days after written invoice therefor is received by the Borrowers. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the assignment by any Lender of any of its interests hereunder, the replacement of any Lender, the termination of the Aggregate Commitments and that is brought by an Indemnitee against another Indemnitee (the repayment, satisfaction or discharge of all the other than disputes involving claims against any Agent in its capacity as such)Obligations.

Appears in 1 contract

Samples: Credit Agreement (Brookdale Senior Living Inc.)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof)Agent, each Lender, each Agent Issuing Lender and each L/C IssuerLender, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (expenses, including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document Agreement or any agreement or instrument contemplated hereby or therebyhereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the Transactions or any other transactions contemplated hereby or therebyhereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased Property owned or operated by Parent the Company or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Company or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, theory and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)Indemnitee.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

Indemnification by the Borrowers. The Borrowers Each of the Parent and each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each the Swing Line Lender, the L/C IssuerAdministrator and each Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the actual, reasonable and documented out-of-pocket fees, charges and disbursements of one counsel to the Indemnitees, taken as a whole and, solely in the case of a conflict of interest, one additional counsel to each group of similarly affected Indemnitees, taken as a whole (and, if reasonably necessary, of one local counsel in any relevant material jurisdiction or one special counsel for in any Indemnitee)relevant area of expertise to each group of similarly affected Indemnitees, taken as a whole) and settlement costs) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Company or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or any Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer Applicable Issuing Party 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by the Parent or any of its Subsidiaries, or any Environmental Liability related in any way to the Parent or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ Company’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee, (y) result from a claim brought by the Company or any other Loan Party against an Indemnitee or (B) any for material breach of such Indemnitee’s obligations hereunder or under any other Loan Document, if the obligations Company or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of such Indemnitee under the Loan Documents, competent jurisdiction or (yz) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee result from a dispute solely amongst the Indemnitees (other than disputes involving claims against any Agent an Indemnitee in its capacity as such)Administrative Agent or as an Arranger) not arising out of any act or omission of the Parent, the Borrowers, or any Subsidiary; provided further that this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.

Appears in 1 contract

Samples: Assignment and Assumption (Willis Towers Watson PLC)

Indemnification by the Borrowers. The Subject to Section 10.09, each of the Borrowers shall indemnify the Administrative each Agent (and any sub-agent thereof), each Lender, each Agent the Swing Line Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers such Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent Agents (and any sub-agent thereof) and its their respective Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent such Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent such Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers such Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee (or (Bthe gross negligence or willful misconduct of its officers, directors, employees, agents, advisors or other representatives) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) result from a claim brought by such Borrower or any proceeding that does not involve an act other Loan Party against such Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or omission under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Anything contained herein to the contrary notwithstanding, (1) the liability of the European Borrower under this Section 11.04(b) shall be subject to Section 2.07(f), and (2) the European Borrower shall have no liability under this Section 11.04(b) solely as a result of acts or omissions of or property or assets (other than interests in Foreign Subsidiaries) owned or operated by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)the US Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent ) and each L/C Issuer, Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee in respect of or arising out of or in connection with claims, damages, or liabilities asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its FIL’s Subsidiaries, or any liability under any Environmental Liability Laws related in any way to Parent any Borrower or any of its FIL’s Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such other Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.04(b) shall not apply with respect to any Taxes (including, or (y) any proceeding that does not involve an act or omission by Parent without limitation, Indemnified Taxes or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (Other Taxes indemnifiable under Section 3.01) other than disputes involving claims against Taxes that represent losses or damages arising from any Agent in its capacity as such)non-Tax claim.

Appears in 1 contract

Samples: Term Loan Agreement (Flextronics International Ltd.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each LenderCollateral Agent, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Credit Agreement and the other Loan Credit Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Credit Document, if the Loan Documents, a Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Tempur Pedic International Inc)

Indemnification by the Borrowers. The Borrowers Company and each Designated Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its their respective Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its their respective Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such).Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 106

Appears in 1 contract

Samples: Credit Agreement (Tile Shop Holdings, Inc.)

Indemnification by the Borrowers. The Borrowers Each Loan Party shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, other Secured Party and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold harmless each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, thereby or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 4.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C the Letter of Credit Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Subsidiaries; , (iv) any claims of, or amounts paid by any Secured Party to, a Controlled Account Bank or other Person which has entered into a control agreement with any Secured Party hereunder or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to 172 [Matrix] Credit Agreement #85638137 any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or Indemnitee. (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as suchc).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C C-BA Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Loan, Letter of Credit or Bankers’ Acceptance or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C C-BA Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Restricted Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Restricted Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and 117 nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Borrowers or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such other Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement and Joinder Agreement (World Fuel Services Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative each Agent (and any sub-agent agents thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the any settlement costs and reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent Agents (and any sub-agent agents thereof) and its their Related Parties only, the administration of this Credit Agreement and the other Loan Credit Documents; , (ii) any Loan Loan, B/A or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any an L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Environmental Liability related to the Parent Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Parent Borrower or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of comparative, contributory or sole negligence of the Indemnitee; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Parent Borrower or any material other Credit Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Credit Document, if the Loan Documents, Parent Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Credit Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent nonappealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Live Nation Entertainment, Inc.)

Indemnification by the Borrowers. The Borrowers Each Loan Party shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent and each L/C Issuer, other Secured Party and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold harmless each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, thereby or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 4.01), (ii) any Term Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Loan Party or any of its Subsidiaries; , (iv) any claims of, or amounts paid by any Secured Party to, a Controlled Account Bank or other Person which has entered into a control agreement with any Secured Party hereunder or (ivv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)Related Parties.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Purple Innovation, Inc.)

Indemnification by the Borrowers. The Whether or not the transactions contemplated hereby are consummated, the Borrowers shall indemnify the Administrative Agent (and any subhold harmless each Agent-agent thereof)Related Person, each Lender, each Agent Lead Arranger and each L/C Issuertheir respective Affiliates and their and their Affiliates’ respective partners, directors, officers, employees, counsel, agents, advisors, and each Related Party of any of other representatives (collectively, the foregoing Persons (each such Person being called an IndemniteeIndemnitees”) against, from and hold each Indemnitee harmless from, against any and all losses, claimsliabilities, damages, liabilities claims, and related expenses (including the reasonable and documented or invoiced out-of-pocket feesfees and expenses (including reasonable Attorney Costs of one counsel for all Indemnitees and, charges 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 Indemnitee affected by such conflict informs the Borrowers of such conflict and disbursements thereafter retains its own counsel, of another firm of counsel for such affected Indemnitee)) of any counsel for such Indemnitee arising out of or relating to any Indemnitee)claim or any litigation or other proceeding (regardless of whether such Indemnitee is a party thereto and whether or not such proceedings are brought by any Borrower, its equity holders, its Affiliates, creditors or any other third person) that relates to the Transaction, including the financing contemplated hereby, of any kind or nature whatsoever which may at any time be imposed on, incurred by any Indemnitee or asserted against any such Indemnitee by in any third party way relating to or by the Borrowers or any other Loan Party arising out of, of or in connection with, or as a result of with (ia) the execution execution, delivery, enforcement, performance or delivery administration of this Agreement, any other Loan Document or any agreement other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder thereby or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (iib) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom therefrom, or (including any refusal by any L/C Issuer 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); (iiic) any actual or alleged presence or Release or threat of Release of Hazardous Materials on, at, on, under or emanating from any property currently or, to the extent caused by any Borrower, any other Loan Party or any of their respective Subsidiaries, formerly owned, leased or operated by Parent any Borrower, any other Loan Party or any of its their respective Subsidiaries, or any Environmental Liability related in of any way to Parent Borrower, any other Loan Party or any of its their respective Subsidiaries; , or (ivd) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theorytheory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether brought or not caused by a third party or by the Borrowers arising, in whole or any other Loan Party or any in part, out of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless negligence of whether any Indemnitee is a party theretothe Indemnitee; provided, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, damagesdemands, liabilities actions, judgments, suits, costs, expenses or related expenses disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or of any of its controlled Affiliates or controlling Persons or any of the partners, officers, directors, employees, agents, advisors or members of any of the foregoing, in each case who are involved in or aware of the Transaction (as determined by a court of competent jurisdiction by in a final and nonappealable judgment non-appealable decision), (y) a material breach of the Loan Documents by such Indemnitee or one of its Affiliates (as determined by a court of competent jurisdiction in a final and non-appealable decision) or (z) disputes solely between and among such Indemnitees to have resulted the extent such disputes do not arise from any act or omission of the Borrowers or any of their Affiliates (A) other than with respect to a claim against an Indemnitee acting in its capacity as an Agent or Lead Arranger or similar role under the Loan Documents unless such claim arose from the gross negligence negligence, bad faith or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision)). No Agent-Related Person shall be liable for any damages arising from the use by others of any information or (B) other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement, nor shall any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent Agent-Related Person or any Restricted Subsidiary and Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date); provided that the foregoing shall not limit any Loan Party’s indemnification obligations hereunder. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, managers, partners, stockholders or creditors or an Indemnitee against another 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 is consummated. All amounts due under this Section 10.05 shall be paid within ten (10) Business Days after demand therefor; provided, however, if the Borrowers have reimbursed any Indemnitee for any legal or other expenses in connection with any Indemnified Liabilities and there is a final non-appealable judgment of a court of competent jurisdiction that the Indemnitee was not entitled to indemnification or contribution with respect to such Indemnified Liabilities pursuant to the express terms of this Section 10.05, then the Indemnitee shall promptly refund such expenses paid by the Borrowers to the Indemnitee. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Term Commitments and the repayment, satisfaction or discharge of all the other Obligations. For the avoidance of doubt, this Section 10.05 shall not apply to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent liabilities, obligations, losses, damages, etc., with respect to a non-Tax claim.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Owens & Minor Inc/Va/)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each LenderArranger, the Syndication Agent, each Agent Lender and each L/C Issuerthe Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claimsclaims (including, without limitation, any Environmental Claims), damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, disbursements, settlement costs and other charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party), other than such Indemnitee and its Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties onlywithout limitation, the administration of this Agreement and the other Loan Documents; Transactions), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Credit Party or any of its SubsidiariesSubsidiary thereof, or any Environmental Liability Claim related in any way to Parent any Credit Party or any of its Subsidiaries; or Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Credit Party, or any other Loan Party Subsidiary, Affiliate, equity holder or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditorscreditor thereof, and regardless of whether any Indemnitee is a party thereto; provided, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, 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 from (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) any proceeding that does not involve an act or omission a claim brought by Parent the Borrowers or any Restricted Subsidiary and that is brought by other Credit Party against an Indemnitee against another Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document or (z) disputes that are solely among Lenders (other than disputes involving claims against an Arranger or the Administrative Agent) and do not arise from the Borrowers’ or any Agent other Credit Party’s action or inaction or breach of its obligations hereunder or under any other Loan Document or applicable law, in its capacity each case with respect to clauses (x), (y) and (z) above, as such)such gross negligence, willful misconduct, bad faith, action, inaction, or breach, as the case may be, is determined by a court of competent jurisdiction in a final and nonappealable judgment. This Section 12.3(b) shall not apply with respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Samples: Pledge Agreement (Coeur D Alene Mines Corp)

Indemnification by the Borrowers. The Borrowers Each Borrower shall indemnify the Administrative each Agent (and any sub-agent thereof), each LenderArranger, each Agent Co-Documentation Agent, each Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party arising out of, in connection with, or as a result of or in any other way associated with any litigation, proceeding or investigation in connection with (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, and the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent or any of its SubsidiariesLoan Party, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence negligence, bad faith or willful misconduct or material breach in bad faith of such Indemnitee or (By) result from a claim brought by any Borrower or any other Loan Party against an Indemnitee for material breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under the any other Loan DocumentsDocument, if such Borrower or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary such Loan Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent non-appealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Niska Gas Storage Partners LLC)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), ) and each Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any a Term Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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); therefrom, (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent the Borrowers or any of its their Subsidiaries, or any Environmental Liability related in any way to Parent the Borrowers or any of its their Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any material Borrower or any other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower 140 or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the Loan Documentsprovisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Samples: Term Loan Agreement (Potlatchdeltic Corp)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Lender, each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (expenses, including the reasonable and documented itemized out-of-pocket fees, charges and disbursements of any one counsel for any Indemniteethe Indemnitees as a group and one additional counsel for similarly situated Indemnitees as a group in case of a conflict (in each case including one local counsel in the applicable jurisdictions), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, Agreement any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance or non-performance by the parties hereto any Obligor of their respective its obligations hereunder or thereunder or the consummation or non-consummation by any Obligor of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan Advance or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer the Issuing Lender to honor honour 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; provided that no claim may be made by any Indemnitee for any amounts paid by it under a Letter of Credit where the Issuing Bank failed to comply with the payment conditions of such Letter of Credit); , (iii) any actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent or any of its SubsidiariesObligor, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; Obligor, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, an Obligor and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful wilful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan DocumentsIndemnitee, or (y) any proceeding that does not involve an act or omission result from a claim brought by Parent either Borrower or any Restricted Subsidiary and that is brought by other Obligor against an Indemnitee against another Indemnitee for breach of such Indemnitee's obligations hereunder or under any other Loan Document or (z) if it arises from any dispute arising solely among Indemnitees other than disputes involving claims against any RBC in fulfilling its role as the Agent hereunder, nor shall it be available in its capacity as such)respect of matters specifically addressed in Sections 15.01 and 15.02. This Section 13.01 shall not apply to Taxes, which are the subject of Section 15.02.

Appears in 1 contract

Samples: Credit Agreement (Points International LTD)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent Agents (and any sub-agent thereof), the Syndication Agent, the Arrangers, each Lender, each Agent and each L/C Issuer, Issuer and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release of Hazardous Materials at, on, under on or emanating from any property owned, leased currently or formerly owned or operated by Parent any Borrower or any of its Restricted Subsidiaries, or any other Environmental Claim or Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; 150 Restricted Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by any Loan Party against an Indemnitee for a material breach of the such Indemnitee’s obligations of hereunder or under any other Loan Document, if such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary Party has obtained a final and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent non-appealable judgment in its capacity favor on such claim as such)determined by a court of competent jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Element Solutions Inc)

Indemnification by the Borrowers. The Borrowers shall agree to indemnify and hold harmless the Administrative Agent (and any each sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, each of their respective Affiliates, and each Related Party of any of the foregoing Persons (each such Person being called each, an “IndemniteeIndemnified Party”) against, from and hold each Indemnitee harmless from, against any and all losses, claims, damages, losses, liabilities and related expenses (including the including, without limitation, reasonable and documented out-of-pocket fees, charges charges, disbursements and disbursements expenses of any counsel for any Indemnitee), Indemnified Party) that may be incurred by any Indemnitee or asserted or awarded against any Indemnitee by any third party Indemnified Party, in each case arising out of or in connection with or by the Borrowers or any other Loan Party arising out ofreason of (including, without limitation, in connection withwith any investigation, litigation or as proceeding or preparation of a result of (idefense in connection therewith) the execution or delivery of Notes, this Agreement, any other Loan Document or Document, any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby herein or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom therein (including any refusal by any the L/C Issuer 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 , the actual or alleged presence or Release proposed use of Hazardous Materials atthe proceeds of the Advances, onor, under or emanating from in the case of the Administrative Agent (and any property ownedsuch sub-agent thereof) and its Related Parties only, leased or operated by Parent or any the administration of its Subsidiaries, or any Environmental Liability related in any way this Agreement and the other Loan Documents except to Parent or any of its Subsidiaries; or (iv) any actual or prospective the extent such claim, litigationdamage, investigation loss, liability or expense resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 8.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether is brought by a third party or by the Borrowers Borrower or any other Loan Party or any of the Borrowers’ or such Loan Party’s , its respective directors, shareholders or creditors, creditors or an Indemnified Party or any other Person and regardless of whether any Indemnitee Indemnified Party is otherwise a party thereto; provided, that such indemnity shall not, as to any Indemnitee, be available to thereto and whether or not the extent that such losses, claims, damages, liabilities or related expenses (x) transactions contemplated hereby are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)consummated.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Indemnification by the Borrowers. The Borrowers Each Borrower (jointly and severally) shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers Person (including any Borrower or any other Loan Party Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder thereunder, or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of 210 Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the applicable L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under or emanating from any property owned, leased or operated by Parent the Company, any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent the Company, any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers Company or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee or (By) result from a claim brought by the Company or any material other Loan Party against an Indemnitee for breach of the obligations in bad faith of such Indemnitee Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such Loan DocumentsParty has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), or (ythis Section 10.04(b) any proceeding that does shall not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (apply with respect to Taxes other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify jointly and severally agree to the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C IssuerIssuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Person (including the Borrowers or any other Loan Party Credit Party) arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Loan Credit Document or any agreement or instrument contemplated hereby or therebythereby (including, without limitation, the Indemnitee’s reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record), the performance by the parties hereto of their respective obligations hereunder or thereunder thereunder, or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-sub agent thereof) and its Related Parties only, the administration of this Credit Agreement and the other Loan Documents; Credit Documents (including in respect of any matters addressed in Section 3.13), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer Issuing Lender to honor a demand for payment 117 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent a Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent a Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers a Borrower or any other Loan Party or any of the Borrowers’ or such Loan Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, 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 (A) the gross negligence or willful misconduct of such Indemnitee, (y) result from a claim brought by a Borrower or any other Credit Party against an Indemnitee or (B) any for a material breach of the such Indemnitee’s obligations hereunder or under any other Credit Document, in each case if such Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of such Indemnitee under the Loan Documents, competent jurisdiction or (yz) any proceeding that does result from a claim not involve involving an act or omission by Parent or any Restricted Subsidiary of a Borrower and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any an Arranger or the Administrative Agent in its capacity their capacities as such). Without limiting the provisions of Section 3.13(c), this Section 11.5(b) shall not apply with respect 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 (Brandywine Operating Partnership, L.P.)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative each Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold 172 each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonably related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers any Borrower or any other Loan Party (but limited, in the case of legal fees and expenses, to the payment of the reasonable and documented fees, out-of-pocket disbursements and other charges of (i) one firm of legal counsel for all Indemnitees, taken as a whole, (ii) in the case of an actual or perceived conflict of interest, another firm of legal counsel for each Indemnitee similarly situated with respect to such conflict, taken as a whole, in each jurisdiction and (iii) if deemed reasonably necessary by any Indemnitee, one firm of local counsel for the Indemnitees in any relevant local jurisdiction) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative any Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent any Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers any Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any the material breach of the its obligations of under this Agreement or any Loan Document by such Indemnitee under or with respect to the Loan Documentssettlement of any proceeding entered into by such Indemnitee without the written consent of the U.S. Borrower (such consent not to be unreasonably withheld or delayed); provided, further, that (x) such indemnity shall be joint and several with respect to the U.S. Borrowers to the extent the applicable Loss is attributable to a U.S. Borrower or a U.S. Obligation (in which case no Canadian Borrower shall have an indemnification obligation pursuant to this Section 10.04(b)), and (y) any proceeding that does not involve an act such indemnity shall be joint and several with respect to the U.S. Borrowers and Canadian Borrowers to the extent the applicable Loss is attributable to a Canadian Borrower or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any Agent in its capacity as such)a Canadian Obligation.

Appears in 1 contract

Samples: Credit Agreement (Ply Gem Holdings Inc)

Indemnification by the Borrowers. The Each of the Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), ) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers such Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent such Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to Parent such Borrower or any of its Subsidiaries; , or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers such Borrower or any other Loan Party or any of the Borrowers’ such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 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 court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee (or (Bthe gross negligence or willful misconduct of its officers, directors, employees, agents, advisors or other representatives) any material breach of the obligations of such Indemnitee under the Loan Documents, or (y) any proceeding that does not involve an act or omission result from a claim brought by Parent such Borrower or any Restricted Subsidiary and that is brought by other Loan Party against an Indemnitee against another Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder or under any other Loan Document, if such Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Anything contained herein to the contrary notwithstanding, (1) the liability of the European Borrower under this Section 11.04(b) shall be subject to Section 2.07(d), and (2) the European Borrower shall have no liability under this Section 11.04(b) solely as a result of acts or omissions of or property or assets (other than disputes involving claims against any Agent interests in its capacity as such)Foreign Subsidiaries) owned or operated by the US Borrower or the US Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each the L/C Issuer, the Agents and their Affiliates and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan a Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or therebythereby (including, without limitation, each Lender’s agreement to make Loans or the use or intended use of the proceeds thereof) or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents; Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any the L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent a Credit Party or any of its SubsidiariesSubsidiary, or any Environmental Liability related in any way to Parent a Credit Party or any of its Subsidiaries; Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan a Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (By) any result from a claim brought by a Credit Party against an Indemnitee for breach in bad faith or a material breach of the such Indemnitee’s obligations hereunder or under any other Loan Document, if such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of such Indemnitee under the Loan Documents, competent jurisdiction or (yz) result from any proceeding that litigation in which an Indemnitee and one or more Credit Parties are adverse to each other, and in which the Credit Parties prevail on their claims and the Indemnitee does not involve an act prevail on its defenses or omission its counterclaims interposed in such litigation and such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes, other than disputes involving claims against any Agent in its capacity as such)Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas Inc)

Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, each Agent Lender and each L/C Issuer, the Agents and their Affiliates and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or any other Loan a Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or thereunder, the consummation of the transactions contemplated hereby or therebythereby (including, without limitation, each Lender’s agreement to make Loans or the use or intended use of the proceeds thereof) or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), including any Indemnitee’s reliance on any document (including this Agreement), amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement executed using an Electronic Signature, or in the form of an Electronic Record, that such Indemnitee reasonably believes is made by the Parent Borrower or any other Credit Party or any other party to this Agreement or any of the other Loan Documents; , (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer 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 actual or alleged presence or Release release of Hazardous Materials at, on, under on or emanating from any property owned, leased owned or operated by Parent a Credit Party or any of its SubsidiariesSubsidiary, or any Environmental Liability related in any way to Parent a Credit Party or any of its Subsidiaries; Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan a Credit Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee 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, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses (xw) are determined by a court of competent jurisdiction by final and nonappealable non-appealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (Bx) any result from a claim brought by a Credit Party against an Indemnitee for breach in bad faith or a material breach of the such Indemnitee’s obligations hereunder or under any other Loan Document, if such Credit Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of such Indemnitee under the Loan Documents, competent jurisdiction or (y) result from any litigation in which an Indemnitee and one or more Credit Parties are adverse to each other, and in which the Credit Parties prevail on their claims and the Indemnitee does not prevail on its defenses or its counterclaims interposed in such litigation and such Credit Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) arise from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission by Parent of any Credit Party or any Restricted Subsidiary Affiliate thereof and that is brought by an Indemnitee against another any other Indemnitee (other than disputes involving claims any claim, actions, suits, inquiries, litigation, investigation or proceeding against any Agent of the Agents in its capacity as such).). Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes, other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 128

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

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