Common use of Lenders’ Indemnification Clause in Contracts

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

Appears in 2 contracts

Samples: Assignment Agreement (Northern States Power Co), Assignment Agreement (Xcel Energy Inc)

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Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the Issuer, its affiliates each Issuer and its Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursementscharges), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the 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 the such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 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 Revolving Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentApplicable Percentage, indemnify the IssuerIssuing Bank, its affiliates and its their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowerBorrowers) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the Issuer's Issuing Bank’s failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Globus Medical Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the LC Issuer, its affiliates and its their respective directors, officers, agents and employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the LC Issuer's failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 2.9 or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPercentage, indemnify the IssuerIssuing Bank, its affiliates and its their respective directors, officers, agents and employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the Issuer's Issuing Bank’s failure to pay under any Facility Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the Facility Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 Article III or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Duke Realty Corp)

Lenders’ Indemnification. Each Lender shallwill, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the LC Issuer, its affiliates Affiliates and its their respective directors, officers, administrative agents and employees (to the extent not reimbursed by the BorrowerBorrowers) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result resulting from such the indemnitees' gross negligence or willful misconduct or the LC Issuer's ’s failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the Letter of Credit) that such the indemnitees may suffer or incur in connection with this Section 2.20 2.19 or any action taken or omitted by such the indemnitees hereunderunder this Section 2.19.

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

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Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the Issuer, its affiliates and its directors, officers, agents and employees (to the extent not reimbursed by the applicable Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the Issuer's failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 2.21 or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Atlantic City Electric Co)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the each Issuer, its affiliates and its directors, officers, agents and employees (to the extent not reimbursed by the applicable Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the such Issuer's ’s failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the such Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 2.21 or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pepco Holdings Inc)

Lenders’ Indemnification. Each Lender shall, ratably in accordance with its pro rata share of the Aggregate CommitmentPro Rata Share, indemnify the Letter of Credit Issuer, its affiliates and its their respective directors, officers, agents and employees (to the extent not reimbursed by the BorrowerBorrowers) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees' gross negligence or willful misconduct or the Letter of Credit Issuer's ’s failure to pay under any Facility Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of the Facility Letter of Credit) that such indemnitees may suffer or incur in connection with this Section 2.20 2.14 or any action taken or omitted by such indemnitees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hc2 Holdings, Inc.)

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