Indemnity to the Administrative Agent. The Company shall promptly indemnify the Administrative Agent against any cost, loss or liability incurred by the Administrative Agent (acting reasonably) as a result of: (a) investigating any event which it reasonably believes is a Default; or (b) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised.
Appears in 2 contracts
Samples: Letter of Credit Facility Agreement (Flowserve Corp), Letter of Credit Facility Agreement (Flowserve Corp)
Indemnity to the Administrative Agent. The Company Borrower shall promptly indemnify the Administrative Agent against any cost, loss or liability incurred by the Administrative Agent (acting reasonably) as a result of:
(a) investigating any event which it reasonably believes is a Defaultmay be an Event of Non-compliance; or
(b) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised.
Appears in 2 contracts
Samples: Term Loan Facility Agreement (Ship Finance International LTD), Amendment Agreement (Ship Finance International LTD)
Indemnity to the Administrative Agent. The Company Borrower shall promptly indemnify the Administrative Agent against any cost, loss or liability (including all reasonable and documented legal fees) incurred by the Administrative Agent (acting reasonably) as a result of:
(a) investigating any event which it reasonably believes is a Default; or
(b) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised.
Appears in 1 contract
Samples: Term Facility Agreement (Cadence Design Systems Inc)
