Common use of Payment of Expenses; Documentary Taxes; Indemnification Clause in Contracts

Payment of Expenses; Documentary Taxes; Indemnification. (a) Company agrees to pay (i) all out-of-pocket costs and expenses of Administrative Agent, either Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel retained by Agents as legal counsel for Banks, but no other legal counsel for any Bank retained separately by such Bank) in connection with the negotiation, preparation, execution and delivery of this Loan Agreement and the other Loan Papers, (ii) all out-of-pocket costs and expenses incurred by Administrative Agent, either Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel retained by Agents as legal counsel for Banks, but no other legal counsel for any Bank retained separately by such Bank), in connection with the administration of this Loan Agreement, the Notes, the other Loan Papers and any and all amendments, modifications and supplements thereof or thereto and the preservation and enforcement of Banks' rights under this Loan Agreement, the Notes and/or the other Loan Papers and (iii) if an Event of Default occurs, all out-of-pocket costs and expenses incurred by Administrative Agent, either Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel for Administrative Agent, each Agent and each Bank) in connection with such Event of Default and any collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom. Company shall indemnify each Bank against any transfer taxes, documentary taxes, assessments or charges made by any governmental authority by reason of the execution and delivery of this Loan Agreement or the Notes.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co), Credit Agreement (Cross Timbers Oil Co)

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Payment of Expenses; Documentary Taxes; Indemnification. (a) Company agrees to pay (i) all out-of-pocket costs and expenses of Administrative Agent, either Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel retained by Agents as legal counsel for Banks, but no other legal counsel for any Bank retained separately by such Bank) in connection with the negotiation, preparation, execution and delivery of this Loan Agreement and the other Loan Papers, (ii) all out-of-pocket costs and expenses incurred by Administrative Agent, either Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel retained by Agents as legal counsel for Banks, but no other legal counsel for any Bank retained separately by such Bank), in connection with the administration of this Loan Agreement, the Notes, the other Loan Papers and any and all amendments, modifications and supplements thereof or thereto and the preservation and enforcement of Banks' rights under this Loan Agreement, the Notes and/or the other Loan Papers and (iii) if an Event Eve nt of Default occurs, all out-of-pocket costs and expenses incurred by Administrative Agent, either each Agent and each Bank (including without limitation the reasonable fees, expenses and disbursements of legal counsel for Administrative Agent, each Agent and each Bank) in connection with such Event of Default and any collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom. Company shall indemnify each Bank against any transfer taxes, documentary taxes, assessments or charges made by any governmental authority by reason of the execution and delivery of this Loan Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

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