Common use of Lenders’ Indemnification Clause in Contracts

Lenders’ Indemnification. To the extent that the Borrower for any reason fails to pay any amount required under Section 2.20.9, each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each indemnified person for such unpaid amount.

Appears in 5 contracts

Samples: Credit Agreement (Oklahoma Gas & Electric Co), Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

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Lenders’ Indemnification. To the extent that the Borrower for any reason fails to pay any amount required under Section 2.20.9, each Lender shall, ratably in 44 accordance with its Pro Rata Share, indemnify each indemnified person for such unpaid amount.

Appears in 1 contract

Samples: Credit Agreement (Oklahoma Gas & Electric Co)

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