Common use of LOAN AGENT'S AND COLLATERAL AGENT'S RIGHT TO INDEMNITY Clause in Contracts

LOAN AGENT'S AND COLLATERAL AGENT'S RIGHT TO INDEMNITY. Except for action expressly required of the Loan Agent or the Collateral Agent hereunder without instructions from any Person, the Loan Agent and the Collateral Agent shall be fully justified in failing or refusing to take any action hereunder on behalf of any Lender unless it shall first be indemnified to its satisfaction by such Lender against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.