Common use of Lenders’ indemnity to the Agent and the Security Agent Clause in Contracts

Lenders’ indemnity to the Agent and the Security Agent. Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) indemnify each of the Agent and the Security Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent or the Security Agent (otherwise than by reason of the Agent's or the Security Agent's gross negligence or wilful misconduct) in acting as Agent or as Security Agent under the Finance Documents (unless the Agent or the Security Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 4 contracts

Samples: Facility Agreement (Kronos Worldwide Inc), Third Amendment Agreement (Kronos International Inc), Fifth Amendment Agreement (Kronos International Inc)

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Lenders’ indemnity to the Agent and the Security Agent. Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately imme­diately prior to their reduction to zero) indemnify each of the Agent and the Security Se­curity Agent, within three Business Days of demand, against any cost, loss or liability li­ability incurred by the Agent or the Security Agent (otherwise than by reason of the Agent's or the Security Agent's gross negligence or wilful misconduct) in acting as Agent or as Security Agent under the Finance Documents (unless the Agent or the Security Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 2 contracts

Samples: Facility Agreement (Kronos International Inc), Facility Agreement (Kronos International Inc)

Lenders’ indemnity to the Agent and the Security Agent. Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) indemnify each of the Agent and the Security Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent or the Security Agent (otherwise than by reason of the Agent's or the Security Agent's its gross negligence or wilful misconduct) in acting as Agent or or, as the case may be, Security Agent under the Finance Documents (unless the Agent or the Security Agent it has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facilities Agreement (Sequa Corp /De/)

Lenders’ indemnity to the Agent and the Security Agent. Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) indemnify each of the Agent and the Security Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent or the Security Agent (otherwise than by reason of the Agent's or the Security Agent's gross negligence or wilful misconduct) in acting as Agent or as Security Agent under the Finance Documents (unless the Agent or the Security Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facility Agreement (Central European Media Enterprises LTD)

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Lenders’ indemnity to the Agent and the Security Agent. Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) indemnify each of the Agent and the Security Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Agent or the Security Agent (otherwise than by reason of the Agent's or the Security Agent's gross negligence or wilful misconduct) in acting as Agent or or, as the case may be, Security Agent under the Finance Documents (unless the Agent or the Security Agent has been reimbursed by an Obligor pursuant to a Finance Document).

Appears in 1 contract

Samples: Facility Agreement (Synnex Corp)

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