Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 (
Appears in 4 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s 's gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 35.11 (
Appears in 4 contracts
Samples: Facility Agreement (United Maritime Corp), Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 35.11 (
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp), Facility Agreement (Navios Maritime Holdings Inc.)
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 34.11 (
Appears in 2 contracts
Samples: Assignment Agreement (Castor Maritime Inc.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s 's gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 33.11 (
Appears in 2 contracts
Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 39.11 (
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s 's gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 36.11 (
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 38.11 (
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 34.11 (
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 36.11 (
Appears in 1 contract
Lenders’ indemnity to the Facility Agent. (a) 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 the Facility Agent, within three Business Days of demand, against any cost, loss or liability incurred by the Facility Agent (otherwise than by reason of the Facility Agent’s its gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability pursuant to Clause 33.11 28.11 (
Appears in 1 contract
Samples: Assignment Agreement (DryShips Inc.)
