Common use of Lenders’ Indemnification Clause in Contracts

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each Issuer and its Related Parties (to the extent not reimbursed by the Borrowers) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or such Issuer’s failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 or any action taken or omitted by such indemnitees hereunder.

Appears in 9 contracts

Samples: Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc), Long Term Credit Agreement (Bemis Co Inc)

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Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Sharepro rata share, indemnify each Issuer and its Related Parties Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or such Issuer’s failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.17 or any action taken or omitted by such indemnitees hereunder.

Appears in 6 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Mge Energy Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each Issuer the Issuer, its affiliates and its Related Parties directors, officers, agents and employees (to the extent not reimbursed by the Borrowersapplicable Borrower) against any cost, expense (including reasonable counsel fees and chargesdisbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or such the Issuer’s 's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.19 or any action taken or omitted by such indemnitees hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Potomac Electric Power Co), Credit Agreement (Pepco Holdings Inc), Credit Agreement (Pepco Holdings Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Sharepro rata share, indemnify each Issuer and its Affiliates and their respective Related Parties (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or such Issuer’s failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.17 or any action taken or omitted by such indemnitees hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each Issuer and its Related Parties Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or such Issuer’s failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.19 or any action taken or omitted by such indemnitees hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each the Issuer and its Related Parties Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or such the Issuer’s 's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.19 or any action taken or omitted by such indemnitees hereunder.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each the Issuer and its Related Parties affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or such the Issuer’s failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.20 or any action taken or omitted by such indemnitees hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement (Southwestern Energy Co)

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Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each the Issuer and its Related Parties affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or such the Issuer’s 's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.20 or any action taken or omitted by such indemnitees hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement (Southwestern Energy Co)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each Issuer and its Related Parties Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or such Issuer’s 's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.19 or any action taken or omitted by such indemnitees hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify each the Issuer and its Related Parties affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowersBorrower) against any cost, expense (including reasonable counsel fees and charges), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or such the Issuer’s 's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.18 2.19 or any action taken or omitted by such indemnitees hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Great Plains Energy Inc)

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